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Statoil ASA's Management Hosts Exploration Seminar (Transcript)

Stocks in this article: STO

Statoil ASA (STO)

Exploration Seminar Call

May 24, 2012 07:00 ET

Executives

Hilde Nafstad – Head of Investor Relations

Tim Dodson – Executive Vice President, Exploration

Pal Haremo – Senior Vice President, Global New Ventures

Nick Alan Maden – Senior Vice President, Exploration International

Gro Gunleiksrud Haatvedt – Senior Vice President, Exploration Norway

Erik Finnstrom – Senior Vice President, Exploration North America

Analysts

Marc Kofler – Macquarie

Teodor Nilsen – Swedbank First

Trond Omdal – Arctic Securities

Haythem Rashed – Morgan Stanley

David Mirzai – SG

Nick Coleman – Argus Media

Neill Morton – Berenberg

Jason Kenney – Santander

Nitin Sharma – JPMorgan

Hootan Yazhari – Bank of America/Merrill Lynch

Andrew Stuttaford – ABG Sundal Collier

Peter Hutton – RBC

Presentation

Hilde Nafstad – Head of Investor Relations

Good afternoon, ladies and gentlemen and welcome to today’s Exploration Seminar arranged by Statoil. Before we start, let me say that there are no fire drills planned for today. In case the fire alarm goes off, you will need to exit through the market exits and gather on the outside.

Today, Statoil’s Executive Vice President, Tim Dodson and his management team will present exploration strategy for Statoil recent results and regional work. Following a presentation from Tim Dodson, we will have presentations by the Senior Vice Presidents, Pal Haremo and Nicholas Alan Maden. After Q&A session, we will then take a short break. After the break, the Senior Vice Presidents, Erik Finnstrom and Gro Gunleiksrud Haatvedt will present, again followed by another Q&A session. Erling Vagnes is unfortunately ill and will therefore not present today as previously announced.

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