Exploration & Production has an ambitious growth strategy and is facing many interesting projects in the years to come presupposing that we have the relevant competences at any time. Safety is one of our objectives and has top priority.

• A new field will be put in production every year until 2020
• Our top priority is safety and environment

Fields for exploration and production
Exploration & Production explores for and produces oil and natural gas. The activities are focused on seas surrounding Denmark, Norway, the United Kingdom (West of Shetland area), the Faroe Islands and Greenland. We produce from fields in Denmark and Norway. In order to maintain our reserves and production, we participate in licensing rounds in the areas where we operate. We also get access to reserves and production through acquisition.

Solid increase in production of oil and natural gas
In 2012, Exploration & Production produced approximately 78,000 boe per day. The target is to increase production to 150,000 boe per day by 2020. In order to achieve this target, we work on a number of large and interesting projects at the same time enabling us to put more fields in production in the years to come. The Hejre development project is one of our largest projects. The field will start producing in 2015. Due to our growth strategy, we expect to increase the number of highly-specialised employees to be able to achieve future targets.

Safety and the environment are essential for all our activities
We have high ambitious – also when it comes to safety and the environment. We do not compromise on the safety of our employees and the safety of the employees of our suppliers. It is a crucial factor for delivering the growth we have promised to deliver, and for running our business that nobody gets injured. Safety is a clear goal in everything we do. At the same time, we wish to minimise our impact on the environment through continuous focus on improvement and prevention in all our activities.