Equinor CFO Sees Downward Uncertainty on Demand Side in Oil, Gas

The video discusses Ecuador's CFO's insights on the company's $5 billion share buyback program, linked to the startup of Johan Sverdrup. It covers market uncertainties, price developments, and the strategic role of Saudi Arabia in OPEC. The CFO explains the company's competitive position, the significance of Johan Sverdrup, and the decision not to pursue Exxon's Norway portfolio. The video concludes with a discussion on capital expenditure plans and resource management.

What are the two main reasons behind Ecuador's share buyback program?

• Increased demand for oil and gas

• Balance sheet strength and production growth

• Market volatility and high oil prices

• New leadership in Saudi Arabia and OPEC decisions

How does the appointment of Prince Abdulaziz as the new oil minister affect Saudi Arabia's role in OPEC?

• It causes a decrease in oil production

• It leads to Saudi Arabia leaving OPEC

• It is expected to maintain Saudi Arabia's active role in OPEC

• It reduces Saudi Arabia's influence in OPEC

Why did Ecuador's company delay their share buyback program compared to others?

• To launch it from a position of strength

• Because of new regulations

• To wait for higher oil prices

• Due to market volatility

What is the expected production cost per barrel at the Johan Sverdrup field?

• $2 per barrel

• $20 per barrel

• $5 per barrel

• $10 per barrel

Why did Ecuador's company not pursue Exxon's Norway portfolio?

• They were not interested in expanding

• They are focusing on other regions

• They already have strong equity in those assets

• The portfolio was too expensive

What is the revised capital expenditure guidance for Ecuador's company?

• Between $15 and $16 billion

• Between $20 and $21 billion

• Between $10 and $11 billion

• Between $5 and $6 billion

How many years of production does Ecuador's company have in resources?

• 30 years

• 26 years

• 15 years

• 10 years