Epstein Secrets

f the larger global picture. Largely synonymous with mature declining assets, averaging 6% YoY decline since 2002 (vs 9% for the UK), the Norwegian North Sea will actually see production flat to slightly increasing through 2017. Driving this is a significant increase in major project growth barrels, with

th barrels, with nearly 380 Mb/d expected online between 2015-2017, vs. an average of 35 Mb/d of annual, projected driven increase from 2009-2013. Deutsche Bank Securities Inc. Page 3 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058854 CONFIDENTIAL SDNY_GM_00205038 EFTA01367322

Colombia • Non-OPEC Africa • Non-OPEC Middle East • Australia • Malaysia ell Indonesia • Other Non-OECD Asia • Russia • Caspian Sea i Total North Sea a Other Non-OPEC Latin America • Other i Mexico • China i India OTotal Canada 0 Brazil ▪ n'ell.11 Through 2017, the vast majority of this g

growth SMIMMIdell 15% Seta Oast -* 14taditabseal* !EA apses Ice Is al LiMilleiVado PRIMA:gangly Savor Daalithe Bet Med A Oder" lEst walinIell Deutsche Bank Securities Inc. Page 11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058862 CONFIDENTIAL SDNY_GM_00205046 EFTA01367330

020. Figure 13: ,_014-20 I 7 Cumulative Growth (Mbid) Figure 14 2014.2020 Cumulative Growth (Mbrkt Mexico MI Non-OPEC Mickile East Colombia ■ North Sea • Alaska r Caspian Sea India Europe Non-OECD Other Non-OECD Asia Angola Other FSU Australia Other Non-OPEC Latin America Other Europe OE

in America Other Asia OECD China Australia Malaysia Angola GoM Caspian Sea Brazil Canada Sotto* Dainthe Bert IJ ■ ■ -500 0 500 1000 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058861 CONFIDENTIAL SDNY_GM_00205045 EFTA01367329

31 May 2015 Integrated Oil US Integrated Oils The North Sea: A Case Study On Spend and Decline Rates In some ways, the Norwegian North Sea is representative on a small scale of larger trends across the industry over the next couple of years. After steadily declining for nearly 14 years

rovide a moderate haircut to base production over the next couple of years, this is more than offset by the scale of new projects starts. Page 20 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058871 CONFIDENTIAL SDNY_GM_00205055 EFTA01367338

31 May 2015 Integrated Oil US Integrated Oils North Sea The North Sea has been synonymous in recent years with mature, Non-OPEC decline, and for good reason. Since its peak production in 2000, North Sea

40) - 128) • 1000 2283 Ileet Sue Dui .6m0 688‘2 shit ON growl, pgict• Swot Deux**aft KOS Madlessm. '54 2435 • 1% • 4 II 0•31n8 DIN 2510 j Deutsche Bank Securities Inc. Page 59 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0058910 SDNY_GM_00205094 EFTA01367377