International Exploration And Production 

Business strategy

International Exploration & Production (INT) is driving the company’s future upstream growth ambition. The strategy is to access new resources through high quality exploration activities and focused business development by utilising our technological experience and project execution skills.

Key events

• 31% growth in production, six new fields put into operation
• Heavy oil position was strengthened by the acquisitions of North American Oil Sands Corporation in Canada and the Mariner/Bressay/Broch discoveries in the UK
• Peregrino in Brazil and Pazflor in Angola ready for development
• Framework agreement signed with Gazprom about development of phase 1 in the Shtokman project

Facts

International Exploration & Production (INT) is responsible for the company’s exploration, development and production of oil and gas outside the Norwegian Continental Shelf. The entitlement production increased to 307 mboe per day in 2007 from 234 mboe per day in 2006. We have ownership interests in producing fields in Canada, the US Gulf of Mexico, Venezuela, Algeria, Libya, Angola, Azerbaijan, the UK, China and Russia. In addition, there are large development projects in Brazil, Nigeria and Ireland.