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Statoil corporate report

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Report summary

Statoil is making steady progress to re engineer its business towards a lower cost lower carbon future. Progress on cost reduction means the company can deliver value and growth under a lower for longer oil price environment. Business development through the downturn has also helped to shift the portfolio down the cost curve. Innovative acquisitions and asset swaps have captured world class growth assets at relatively low cost. But there is still work to do. Financial gearing is still one of the highest among the Majors and the growth outlook is weaker than most peers. Tough choices will need to be made about long term strategic direction. New resource capture global gas development options and renewable leadership opportunities will be key decision areas. .

What's included

This report contains

  • Document

    Statoil corporate report

    PDF 1.35 MB

  • Document

    Statoil Corporate Report.xls

    XLS 3.57 MB

  • Document

    Statoil corporate report

    ZIP 2.24 MB

Table of contents

  • Other Statoil research
  • Executive summary
  • Strategy
  • Valuation
  • Investment
  • Production
  • Reserves and resources
  • Global Upstream Portfolio
  • Economic assumptions

Tables and charts

This report includes 46 images and tables including:

Images

  • Relative share price performance
  • Market premium/discount to WM Base Case NPV,10 at US$65/bbl long-term real
  • Strategic fit of upstream regions
  • Benchmarking: NPV,10 by resource theme
  • Benchmarking: NPV,10 by region
  • Base case upstream NPV10
  • Current NPV10 vs. future NPV10
  • Upstream EV vs. Upstream NPV10
  • Upstream portfolio sensitivities vs. Upstream EV
  • Forecast development expenditure (nominal)
  • Forecast operating expenditure (nominal)
  • Reported and unit development costs
  • New Project returns
  • Reported and WM forecast production
  • Liquid vs. Gas
  • Liquid Production
  • Gas production
  • Total reserves: Wood Mackenzie commercial
  • Total reserves: reported vs. Wood Mackenzie
  • Total reserves: reported vs. Wood Mackenzie
  • Reserve life: reported vs. Wood Mackenzie
  • Global footprint
  • Top upstream assets by value
  • Base price assumptions (nominal terms)
  • Base, high and low Brent (nominal terms)
  • Benchmarking: capital spend (2017-2021)
  • Capital investment (2017-2021)
  • Benchmarking: pre-FID new project and yet-to-drill NA onshore returns
  • Capital investment: top 10 probable projects by projected capital spend to 2030
  • Benchmark: base case indexed production
  • Benchmark: decline rate of producing assets (2017-2030)
  • Net exploration acreage capture (2015-2017)
  • Net exploration acreage breakdown
  • Gas production outlook
  • % Gas production
  • Production from unconventional gas assets
  • North American yet-to-drill gas commercial reserves by NPV,15 breakeven

Tables

  • Executive summary: Table 1
  • Strategy: Table 1
  • Top upstream assets by value
  • Economic assumptions: Table 1
  • High price assumptions
  • Economic assumptions: Table 3
  • Strategy: Table 2
  • Economic assumptions: Table 4
  • Economic assumptions: Table 5

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