Status: Draft

Statoil in Angola – CSR and Partnership for Sustainable Development

Luanda, November 26th, 2009

Status: Draft

•Energy company present in 40 countries with 30,000 employees

•Producing 1.95 million barrel of oil equivalent (boe) pr day

•About 22 billion boe in proven resources (5.6 billion as booked reserves)

•One of the world’s largest net sellers of crude oil

•The world's largest operator in waters deeper than 100 metres

•World leader in carbon capture and storage

•The second largest exporter of gas to Europe

•Biggest retailer of oil products in Scandinavia

Who we are

Status: Draft

Operation and developmentof Statoil assets

Achieving the technology goals through cooperation

Learning by doing

Suppliers and academia Research & Development

Learning from partners & joint operated ventures

Status: Draft

Participating in 6 offshore licenses, production from 8 FPSO’s, daily production of about 200 000 barrels oil per day

Luanda

Status: Draft

Statoil Social Responsibility Policy

•Our approach

– We contribute to sustainable development based on our core activities in the countries in which we work.

•We are committed to

– Making decisions based on the way they affect our interests and the interests of the societies in which we operate

– Ensuring transparency, anti-corruption, and respect for human rights and labour standards

– Contributing to local content in our projects by developing skills and opportunities in the societies in which we operate

Status: Draft

CSR as a business enabler

Plan for success

achievingsustainable oil and gas industry

supportingnational capacity and content

understandingnational constraints and potential

Status: Draft

Social Investment Strategy

Basis Core Areas Objective

Business Goals, Country Context, Expectations from Angolan Government, Communities, Our Partners and Employees and other stakeholders

Education & Capacity Building

• Fighting lack of sufficiently qualified staff• Competence and capacity building

Community Development: water and sanitation, health in suburban and rural communities

• Reduce the level of poverty• Mitigate risks of social unrest that may affect our activities

Human Rights & Good Governance

• Promote people's rights in accordance with corporate CSR policies• Contribute to mitigating harmful impact on Statoil business and reputation

Environment & HSE • Promote awareness on environmental issues which might negatively impact on communities, the fauna and flora• Disseminate good practice to ensure safe operations

7

Core areas reflect the most urgent needs of Angola

Five-year CSR Strategy

Status: Draft

CSR – projects by provinces & partnersEDUCATION

Luanda: CMI/UCAN (compendia on governance)

NTNU/UAN (ANHEI)

Kwanza Sul: ADPP (rural teachers training)

Bië: UNICEF (Schools for Africa)

COMMUNITY DEVELOPMENT

Bengo: Piri project (schools, health, water, solar panels, agriculture)

ADPP (HIV/AIDS)

Kwanza Sul: NCA (safe water supply)

Benguela: NCA (safe water supply)

ADPP (HIV/AIDS)

Cunene: UNICEF & ADPP (safe water supply & sanitation)

HUMAN RIGHTS

Kwanza Sul: NPA (demining land release & empowerment of civil society)

Malange: NPA (demining land release)

Huila: ADRA (The Right to Education)

HSE

Kuanza Sul: RKK (Safety Centre at INP)

Malange: CEIC/UCAN (Black Giant Sable)

In addition, we share the cost of licence supported social projects

Status: Draft

Human Rights & Labour Standards• Employee Benefits (Statoil)

– Updated Employee Handbook for local employees

– Complementary Pension Scheme for employees

– Health Insurance implemented for all employees

– Support internationalisation: English course for locals & Portuguese course for expats

– Market analysis to make our benefit package as competitive as possible

– New office facilities for better working environment

– Further Medical First Aid training planned for all employees

– Yearly Working Environment Survey

• Contractors’ Employees– Review all contractors’ agreements to certify conformity to company values &

requirements

– Periodic monitoring of compliance

– Dialogue to communicate company position

• At National Level– We support initiatives to enhance awareness and protection of human rights through

the strengthening of civil society organizations

Status: Draft

Transparency and Good Governance

•Ethics Code of ConductoEstablishment of an Ethics Committee and Appointment of a

Compliance Officer

oOrganization of workshops on Ethics and Anti-Corruption for Statoil employees

oTeam buildings to communicate Statoil values to employees and business partners

oReview of all service and supply contracts and communication to partners of Statoil Code of Conduct requirements

oAt general level: continued support to CMI and Catholic University courses in Business Ethics, Public Sector Ethics and Natural Resources Management

Our Values: courageous; open; hands-on; caring

Status: Draft

Local Spin-Offs – Promoting National Content Building local capability one of key strategic objectives of Statoil

Internally

o Recruitment of more local staff (graduates & technicians) and on-the-job training in Norway and in Angola

o Local employee development plan reviewed annually

o Angolanization Plan

Competence support in developing expertise in oil & gas-related industry• Technical assistance programme to Sonangol P&P in Block 34 and technical support in Block 4/05

• Established in Luanda of Sandbox lab for basin & reservoir development modeling to share technical knowledge with Sonangol & local universities

• Technological Centre Project

• Technical workshops in GeoScience with the University “Agostinho Neto”

• ANHEI (Angolan Norwegian Higher Education Initiative)

Industrial PlanMapping of suppliers

Support of HSE activities

Biofuel project development• Agro-training

• Experiment

• Industrialization

Status: Draft

Collaboration with Sonangol

•Statoil is the Technical Assistant to Sonangol P&P in Block 34

– MTT Programme

– Exploration

•Statoil has a Technical Support Agreement with Sonangol P&P in Block 4/05

– Gimboa Field Development

– Exploration

Status: Draft

Student’s projects

Status: Draft

Licence to OperateAngola Industrial Development Plan & ISR PlanPortfolio of projects identified

Partner operated follow-up

Exploration

Development

Operations

Building the foundation1-2 years

Enhancing the capabilities2-5 years

Transforming the market5+ years

Improve Local Infrastructure

Industrial ProjectsAdvise and Plan Develop Local Workforce and

Suppliers

Local Research and Technology

development

• Technical Assistant to Sonangol P&P

• Supplier mapping• HSE activities• National Content

Strategy

• Education and training • Project specific • Bio-Fuel project development

• Agro training/Education

• Technology cooperation

• Technology Centre/Institute

• Targeted technology transfer

• Supplier Network Development • Production ramp-up

Dependent on obtaining operatorship

Education- Higher education; ANHEI, UAN, Catholic University, Chianga Research Institute- Primary schools (rural areas), undergraduate

Sustainable Environment

Community Development & Human Rights

ISR projects 2009

Status: Draft

Statoil…

•Concluding Remarks

– Strategic partnership with Sonangol

– Strategic alliances with IOC to unlock and develop energy potential in Angola

– CSR commitment to society and nature

– A business driven by a value based performance culture

… crossing energy frontiers

Status: Draft

Statoil in Angola – CSR and Partnership for Sustainable DevelopmentLukoki SebastiãoDeputy General ManagerLseb@statoil.com, phone: +244 923 318 245www.statoil.com

THANK YOU.