2012 AGM 18 April 2012 Delivering Production Growth
2011 1Q 2012 HIGHLIGHTS Dr Abdul Jaleel Al Khalifa CEO
2011 Operational Highlights f 13 wells completed during 2011 against an Average gross production initial guidance of 11 wells f Drilling from the Dzheitune (Lam) C platform commenced 30% 2011 61,500bopd 2010 47,211bopd f Dzheitune…
2011 Corporate and Commercial Highlights f Upgrade of reserves and resources on the back of encouraging drilling results As at 31 December 2011 As at 31 December 2010 Proved and Probable Oil and Oil and Gas Gas Remaining Recoverable…
1Q 2012 up-to-date Highlights f Gross production growth of 22% in 1Q 2012 to 70,600 bopd (1Q 2011: 57,800 bopd) f Five wells, including a sidetrack of an existing well, completed in the Dzheitune (Lam) field f A significant number of…
DRAGON OIL SINCE 2000 Dr Abdul Jaleel Al Khalifa CEO
Cheleken Contract Area f Unprecedented gross production growth since the commencement of the Production Sharing 12 years of growth Agreement in 2000 and development f Organic 2P oil and condensate reserves replacement of 193%…
Over a Decade of Strong Production Growth f Production has increased Gross average crude oil production (bopd) at 21% per year over the 80,000 last 11 years 70,000 60,000 50,000 8 40,000 30,000 20,000 10,000 - 2000 2001…
Excellent Reserves Replacement 2P oil and condensate reserves, Dragon Oil has produced million barrels 115 million barrels, but added 222 million barrels 700 of reserves f 193% reserves 600 222 replacement since 2000 500 115 400…
Offshore Infrastructure Development The Dzheitune (Lam) 22 platform: old and refurbished f Seven platforms refurbished and/or extended in the Dzheitune (Lam) field f Six new platforms constructed in the Dzheitune (Lam) field The…
Onshore Infrastructure Development Central Processing Oil Storage Export Capacity Facility f Todays handling f Total oil storage f Simultaneous loading capacity of 100,000 capacity of 300,000 of two tankers barrels of fluids and…
Record Profits Profit for the Year (USmn) 700 648.4 600 386.1 500 400 12 300 106.4 200 100 1.6 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 -100 Delivering Production Growth
100,000 bopd Target f Employment of jack-up and land rigs, construction of platforms f Focus on delivery and growth of 10-15% pa on average in 2012-15 f Enhanced oil recovery potential 14 2000 2011 2015 2015-20 f Gross…
Future Infrastructure Development and Rig Deployment 2012 2013 2014 2015 Zhdanov A Zhdanov B Lam D and E Lam F and G 15 f Infrastructure spend of up to 1bn over 2012-15: Platforms for jack-up and / or land rigs Storage…
Secondary Oil Recovery Pilot Water Injection Project f Pilot project commencing 1H 2012 f Encouraging results from injectivity tests f Equipment being sourced and mobilised 16 f Potential to increase reserves, increase production…
Diversification f Farm-in agreement for a 55% participating interest in the Africa, Central Asia, Corporate and asset Bargou Exploration Permit, the Middle East and acquisitions offshore Tunisia selectively south- east Asia f…
Gas Monetisation Short-term arrangement to Long-term gas sales agreement, reduce flaring of available gas targeted towards export markets, involving the supply of dry gas 2010 2011-12 2014-15 18 Infrastructure f Compressor…
Investment in People Future Talent Training and Development f 91% of our total manpower f Advanced in-house training come from Turkmenistan programmes developed to f Dragon Oil created a roadmap support national employees for talented…
Investment in Communities Desalination Plant Community Support Polyclinic Dragon Oil desalination f Refurbishment To build a US5mn plant with a capacity of projects at a local polyclinic in Hazar supplying 1,500 m3 of school and nursery…
2011 FINANCIAL RESULTS Tarun Ohri Director of Finance
2011 Financial Highlights Revenue Net profit Cash Balance US 1+bn 68% US 1.5bn US 648mn Net of A&D 22 f Spectacular gross Final dividend of f Internal financing of production growth US cents 11 per capital expenditure f Strong…
2011 Results Summary f Significant growth USm 2011 2010 Change in EPS (up 68%) Revenue 1,150.5 780.4 47% f Strong cash balance Operating profit 856.2 487.7 76% enabling us to continue Net profit 648.4 386.1 68% with the Cheleken…
2011 Capital Expenditure Total capital expenditure for 2011: The Dzheitune (Lam) C platform. f Drilling (53%): 186 13 wells completed f Infrastructure (47%) Dzheitune (Lam) C platform Dzhygalybeg (Zhdanov) A platform 24 Block-1…
OUTLOOK Dr Abdul Jaleel Al Khalifa CEO
Strong Outlook for 2012 Production Rigs f Complete 13 wells and a number of f Caspian Driller expected workovers for delivery at the end of 2012 f Target annual production growth f Additional platform-based rig of 15% is currently…
And Medium Term Production New Target Target 10-15% of production Reach the 100,000 bopd growth on average per annum production target in 2015 for 2012-15 f Complete 15 to 20 development f Water injection pilot project wells per…
Investor and analyst enquiries Media Enquiries Citigate Dewe Rogerson Dragon Oil plc Martin Jackson Kate Lehane +44 20 7638 9571 Anna Gavrilova + 44 20 7647 7804 Joint Corporate Brokers agavrilovadragonoil.com irdragonoil.com Davy…
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