2000 INTERIM RESULTS PRESENTATION 13th September 2000 Version 1.1
2000 Interim Results Presentation PRESENTATION Introduction and Overview Charles Jamieson Results John van der Welle Operations Richard Liddell Asia Gas Markets Steve Lowden Summary Charles Jamieson Make a Difference
2000 Interim Results Presentation 2000 HIGHLIGHTS OBJECTIVE OUTCOME Delivery of major gas developments - Yetagun on-stream early - WNG on track for early gas Commercialise existing discoveries - Kyle EWT out-performing/Curlew…
2000 Interim Results Presentation RESULTS Make a Difference
2000 Interim Results Presentation PROFIT & LOSS ACCOUNT 2000 1999 Production (mboepd) 25.9) 29.2) Production down 11% Realised oil price (/bbl) 21.4) 11.8) due to natural field declines, m m Fergus shutdown, offset by Kyle EWT and…
2000 Interim Results Presentation CASHFLOW 2000 1999 m m Net cashflow from operations 25) 3) Increase in line with higher net revenues Net interest (11) (11) Taxation (10) (1) Higher taxes on higher profits Operating cashflow…
2000 Interim Results Presentation BALANCE SHEET 2000 2000 (incl. JVs) (excl. JVs) m m Cash 103 100 Debt 462 346 Net debt 359 246 Shareholdersfunds 322 NA Gearing ratio 111 % NA % Make a Difference
2000 Interim Results Presentation COMMITTED DEBT Drawn at Facilities 30.06.00 m m Bank credit 250m (final maturity 2003) 166 132 Loan notes 280m (final maturity 2008) 186 186 Convertible capital bond (maturity 2005) 28 28 380…
2000 Interim Results Presentation CAPITAL EXPENDITURE BY COUNTRY 140 Myanmar 120 Pakistan Indonesia 100 UK 80 ( million) 60 40 20 0 2000 2001 2002 2003 2004 Crossover in sight falling capex and rising…
2000 Interim Results Presentation OPERATIONS Make a Difference
2000 Interim Results Presentation PRODUCTION BY COUNTRY 80,000 Myanmar Pakistan Indonesia 60,000 UK Production (BOEPD) 40,000 20,000 0 2000 2001 2002 2003 2004 Note: Yetagun volumes are set at contracted level…
2000 Interim Results Presentation MYANMAR YETAGUN DELIVERING OPERATIONS PERFORMANCE Production commenced 7th May 2000 Project delivered on time, on budget Well managed transition into production operations Focus on operations…
2000 Interim Results Presentation YETAGUN NEAR TERM DEMAND LOGISTICS Ratchaburi Power Plant Set for Completion 2001 5000 CCGTs Ratchaburi Generation Capacity 4500 Thermal 2 4000 Thermal 1 TRI Energy 3500 SCGTs 3000 MW…
2000 Interim Results Presentation INDONESIAN - ANOA Gas Export (AGX) DELIVERING OPERATIONS PERFORMANCE 100 90 80 Plan Cum Act Cum 70 60 PERCENTAGE 50 40 30 20 10 0 Premiers third platform success in 3 years…
2000 Interim Results Presentation INDONESIA WEST NATUNA GAS PIPELINE DELIVERING OPERATIONS PERFORMANCE 656 km pipeline installed, on budget, Anoa Platform 7 months ahead of schedule KF Platform Routine weld repairs in…
2000 Interim Results Presentation UNITED KINGDOM - KYLE DELIVERING OPERATIONS PERFORMANCE APPROXIMATELY 12KmTOBANFF FPSO Ranger operator - Premier drive Early production commenced May 2000 North Kyle Drill Centre Well 29/2c-TZ…
2000 Interim Results Presentation UNITED KINGDOM - CHESTNUT DELIVERING OPERATIONS PERFORMANCE Premier innovative development arrangement Brovig production services FPSO Crystal Ocean Shared revenue agreement Early production…
2000 Interim Results Presentation ASIA GAS MARKETS & OPPORTUNITIES Make a Difference
2000 Interim Results Presentation ASIA FOCUS AREAS Premiers focus areas in South and Southeast Asia will witness growth and evolution in their gas markets. Economic Economic Development Development Gas Gas Consumption…
2000 Interim Results Presentation ASIAN GAS MARKET OUTLOOK Southeast Asia has rebounded from the crisis of 1997, and the short term growth outlook for countries in the region ranges from 5-7%. 15 10 GDP Growth in SE Asia…
2000 Interim Results Presentation NATURAL GAS CONSUMPTION 4.0 1997 Although some new projects 1998 have suffered delay 1999 gas production remained 2000F Steady through-out Asia 3.0 downturn 2001F 2002F BCFD 2.0…
2000 Interim Results Presentation ASIAN GAS MARKET OUTLOOK Gas Demand for Power Generation Most countries in Southeast Asia are substituting gas and coal for oil in power generation Indonesia Malaysia Singapore Thailand Myanmar…
2000 Interim Results Presentation GAS RESOURCE DEVELOPMENT IN SOUTH AND S.E. ASIA A schematic map of key gas basins with potential markets suggests a wealth of opportunities Proposed pipeline Existing pipeline Resource Kirthar…
2000 Interim Results Presentation MYANMAR Gas Sales and Markets Thailand current demand Domestic markets require from Myanmar 725 mmscfd 100 mmscfd by 2002 and by 2001 250 mmscfd by 2004 Estimated shortfall of 300-400 mmscfd by…
2000 Interim Results Presentation PAKISTAN - Future Gas Market Opportunities FOLD BELT 150 mmscfd 200-400 mmscfd required at potential demand 3.9 tcf discovered in Ghuddu at Multan 4 fields Significant remaining Zamzama potential…
2000 Interim Results Presentation INDONESIA - Future Gas Market Potential Further 300-500 bcf discovered Semangkok Natuna D Kerteh Alpha Natuna BRUNEI 150-250 mmscfd required 325 mmscfd supply agreed; further 300 mmscfd…
2000 Interim Results Presentation INDONESIA NATUNA SEA: DISCOVERIES Ande Ande Lumut-1 Oil Discovery 360mmbbl OIP April 2000 Area I Open Ande Ande Lumut New oil play extension Gajah Baru Betet-1 50mmscfd Oil Prospect on…
2000 Interim Results Presentation ASIA GAS STRATEGY Opportunities to sell more gas from existing portfolio using existing infrastructure Significant opportunities within the South/South East Asia region Looking to supplement…
2000 Interim Results Presentation SUMMARY Make a Difference
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