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 PresentationHilde 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.