Maersk Oil profile [18/6 2013, MINSC, Hans-Henrik Kogsbøll] page 2 Maersk Oil – A Top 30 oil company
Gross Production by Operator, 2011 (‘000 bpd) Maersk Oil at a glance • 3,450 employees Super Majors Midsize • 321 Licences , incl. 130 operated Major Companies 5000 • Active in 11 countries • Production level (2011) 4000 • Operated: 626,000 bpd 3000 • Entitlement: 333,000 bpd • Headquartered in Copenhagen 2000 • Wholly-owned subsidiary of APMM
1000
0 BP BG Eni CNR OMV Shell Total ONGC OGDC PTTEP Nexen Statoil Tatneft Apache Sinopec Perenco Williams Reliance Chevron Bashneft Talisman NaftoGaz Marathon Anadarko Petrobras NOVATEK GDF Suez Pluspetrol Pertamina Maersk Oil Murphy Oil Murphy PetroChina Wintershall ExxonMobil BHP Billiton Cairn Energy Petroecuador Noble Energy Husky Energy Devon Energy ConocoPhillips Suncor Energy Suncor EOG Resources Surgutneftegaz Pacific Rubiales Cenovus Energy Cenovus Syrian Petroleum Hess Corporation Encana Corporation Chesapeake Energy Woodside Petroleum Occidental Petroleum Shaanxi Yanchang Southwestern Energy Southwestern Note: Data from Wood Mackenzie. National Oil Companies are not included. page 3 Maersk Oil – A Top 30 oil company
Gross Production by Operator, 2011 (‘000 bpd) Maersk Oil at a glance • 3,450 employees Super Majors Midsize • 321 Licences , incl. 130 operated Major Companies 5000 • Active in 11 countries • Production level (2011) 4000 • Operated: 626,000 bpd 3000 • Entitlement: 333,000 bpd • Headquartered in Copenhagen 2000 • Wholly-owned subsidiary of APMM
1000
0
Note: Data from Wood Mackenzie. National Oil Companies are not included. page 4 Maersk Oil – from local to global player
The value chain
Exploration Appraisal Development Primary production Mature field EOR Abandonment
Business Development
Expansion of geographical focus 2002 2012 Norway Greenland Denmark UK Denmark Kazakhstan Kazakhstan Qatar Kurdistan Algeria USA Algeria Qatar
Angola
Brazil page 5 A balanced portfolio
North Sea
Middle East / North Africa
GoM/Atlantic Margin
2002 2012 2020 Production level (‘000 bpd) 311 265 400 Exploration Producing countries 3 6 10 Producing countries Major projects 1 14 page 6 Target production level of 400,000 bpd, achievable through identified projects
Entitlement Production (‘000 bpd)
450 424 428 400 400 393 377 333 350 311 313 322 301 289 300 265 246 250 200 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2020
Brazil UK Kazakhstan Algeria Qatar Denmark page 7 Three pillars of our growth strategy
Asset Management Major Development Exploration Projects
SAFETY – INCIDENT FREE TECHNOLOGY PEOPLE AND LEADERSHIP page 8 Levers for success World class oil & gas assets
Technical People and Maersk Oil capabilities leadership
Safety page 9
Subsurface and Drilling Professionals per Age Category % of Total 25
20
15
10
5
0 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 Industry Benchmark 2009 Age Group Maersk Oil Sep 2012 page 10
Oil-production Water- injection
Deploying technology to unlock potential Maersk Oil is known for Oil • Turning marginal and challenging Water fields into commercial successes • Early adoption and deployment of technology • World-class project execution page 11 The North Sea
Denmark First licence in 1962 Foundation of the Maersk Oil story 40 years of oil production Pioneered development of chalk reservoirs Large EOR potential
United Kingdom Active since 2003 Significant growth in 2005 via Kerr McGee acquisition A growing part of the portfolio Mature assets HPHT capability centre Continued Exploration success
Norway Country entry: 2004 Actively building portfolio through licence rounds and acquisitions PL 501 (Johan Sverdrup) awarded in 2008 Pre-discovery farm-in to Zidane page 12 Middle East / North Africa
Qatar Country entry: 1992 Largest offshore oil field operator 1.2 billion barrels oil produced 1/3 of Qatar’s oil production
Algeria Country entry: 1990 Operated by Anadarko Reliable production from major assets Attractive outlook as El Merk comes on stream
Kazakhstan Kurdistan Country entry: 2000 Country entry: 2011 Leveraging our tight reservoir capabilities to Risk-managed entry unlock large resource base 30% share-holding in HKN Energy 200 well drilling programme initiated Sarsang PSC; Large, multi-prospect, oil prone World-class discovery The natural upstream oil and gas partner; navigating complexity, unlocking potential