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2006 production target: 615 000 boed 4 700 600 500 400 300 200 100 0 CMD 2004 Partner-operated PSA effects Spinnaker
<strong>Oil</strong> and gas: Reserves and resources Million boe Hydro share 4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 0 Proven reserves yearend 2004 (SEC) * Including Spinnaker Exploration Company ** Non-sanctioned projects 5 Additional expected reserves year-end 2004 Production 2005E Added expected reserves 2005E* Additional expected resources in portfolio **
Page 1 and 2: Oil & Energy Tore Torvund Executive
Page 3: Performance CMD 2004 2005 estimate
Page 7 and 8: Hydro E&P activity 7 US Gulf of Mex
Page 9 and 10: Rig coverage provides flexibility
Page 11 and 12: Pioneer in new technology Planning
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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