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Long-term commitment to Russia Shtokman short list 15 years of cooperation Preparing to drill Well 7 in 2006 10
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Page 1 and 2: Oil & Energy Tore Torvund Executive
Page 3 and 4: Performance CMD 2004 2005 estimate
Page 5 and 6: Oil and gas: Reserves and resources
Page 7 and 8: Hydro E&P activity 7 US Gulf of Mex
Page 9: Rig coverage provides flexibility
Page 13 and 14: Pioneer in new technology Planning
Page 15 and 16: On time and on cost Offshore projec
Page 17 and 18: Drilling excellence drives value cr
Page 19 and 20: International breakthrough 19 Canad
Page 21 and 22: International breakthrough 21 Шт
Page 23 and 24: International breakthrough 23 Libya
Page 25 and 26: International breakthrough 25 GoM:
Page 27 and 28: Maximize NCS value Large IOR poten
Page 29 and 30: 2006 targets Production target Pr
Page 31 and 32: Investor Relations in Hydro

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