04+05
the year 2008
Key figures turnover MILLIOn NOK
4,193 net result MILLION NOK
1,268 oil and gas production MILLION BOE
10.8 Highlights
last eight years MILLION NOK
investments MILLION NOK
‘01
294
‘02
502
‘03
529
‘04
1,266
‘05
1,487
‘06
1,367
‘07 ‘08
last eight years MILLION NOK
3,864
838
‘01 ‘02
969
‘03
1,327
‘04
1,992
‘05
1,712
‘06
2,310
1,612
‘07
2,844
4,193
‘08
3,864
last eight years MILLION NOK
exploration costs MILLION NOK
‘01
-34
‘02
31
‘03
97
‘04
264
‘05
366
‘06
467
‘07 ‘08
last eight years MILLION NOK
528
‘01
75
‘02
83
‘03
59
‘04
65
‘05
126
‘06
204
508
‘07
335
1,268
‘08
528
last eight years MILLION BOE
equity 31.12 MILLION NOK
‘01
1.2
‘02
2.6
‘03
2.7
‘04
4.8
‘05
4.0
last eight years MILLION NOK
1,879
216
‘01 ‘02
671
‘03
893
‘04
1,472
‘05
2,140
‘06
3.3
‘06
2,607
‘07
4.2
‘07
3,116
‘08
10.8
‘08
1,879
Production reaches all time high The 2008 production numbers more than doubled the 2007 results with a total of 10.8 million boe. This is an all time high for GDF SUEZ E&P Norge. During 2008, new production records were set several times, stabilising at a production level above 40,000 boe per day towards the end of the year.
Gjøa milestones Fabrication of the Gjøa installations progressed with the construction of the topside at Aker Stord and the semi hull at the Samsung Yard in Korea. All five subsea templates were installed offshore, and preparations were made for the drilling of production wells.
Employer award In November GDF SUEZ E&P Norge was voted Norway’s most attractive oil and gas employer in an annual employer brand survey. The award was based on results from a survey carried out by the talent search company Scouting, which collected feedback from 1,000 managers and senior staff in 68 oil and gas companies in Norway.
ONS 2008 Offshore Northern Seas (ONS) in Stavanger marked a major occasion for GDF SUEZ, as the first opportunity for the new company to present itself to the oil industry and the public. GDF SUEZ was present with two stands at the ONS Exhibition. Executive Vice President Jean-Marie Dauger was chairman of the conference committee and the Group’s Vice Chairman and President Jean-François Cirelli gave a presentation.
First LNG cargo The very first GDF SUEZ LNG cargo was lifted at Snøhvit on 5 March. This first delivery marked the opening of a new LNG supply route capable of providing 700 million m3 of gas in a full year. A total of three cargos were lifted during 2008.
New licenses Early in 2008, GDF SUEZ E&P Norge was awarded four new licenses, including operatorship on PL469 where a site survey was successfully completed in August. An agreement was signed with Norske Shell to acquire a 10% interest in PL326.