Skip to main content 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil | Shale Experts
Loading...
Pm

1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil

Premier Oil · Mar 13, 2000 · 32 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 1
    1999 PRELIMINARY RESULTS PRESENTATION 13th March 2000
  2. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 2
    1999 Preliminary Results Presentation PRESENTATION Introduction Sir David John Overview Charles Jamieson Results John van der Welle Operations Steve Lowden Summary Charles Jamieson Make a Difference
  3. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 3
    1999 Preliminary Results Presentation 1999 HIGHLIGHTS Strategic - new alliance with Amerada Hess and Petronas Financial - balance sheet strengthened Operational - major gas developments on track Exploration - successes in…
  4. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 4
    1999 Preliminary Results Presentation 1999 OBJECTIVES AND DELIVERY Strengthened finances - 136 million equity injection - 158 million Yetagun financing - 200 bank debt refinancing - Reduced capex and overheads Asian Gas focus -…
  5. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 5
    1999 Preliminary Results Presentation RESULTS Make a Difference
  6. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 6
    1999 Preliminary Results Presentation 1999 RESULTS SUMMARY 1999 1998 Realised oil prices (/bbl) (post hedging) 14.93) 13.67) Production volume (mboepd) 29.1) 35.5) m m Turnover 89) 105) Operating profit before exceptionals 8)…
  7. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 7
    1999 Preliminary Results Presentation PROFIT & LOSS ACCOUNT 1999 1998 (restated) Production (mboepd) 29.1) 35.5) Realised oil price (/bbl) 14.93) 13.67) m m Production down 18% Turnover 89) 105) due to natural field declines,…
  8. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 8
    1999 Preliminary Results Presentation CASHFLOW 1999 (as reported excluding JVs) 1998 m m Net cashflow from operations 32) 57) Fall in line with revenue decline - additional JV Net interest (22) (8) cashflow 6m Taxation (12) (16)…
  9. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 9
    1999 Preliminary Results Presentation OIL & GAS ASSETS Intangibles Tangibles Total m m m NBV 1.1.99 54) 414) 468) Additions 9) 102) 111) Capitalised interest -) 6) 6) Transfer to tangibles (15) 15) -) Transfer to JVs -) (111…
  10. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 10
    1999 Preliminary Results Presentation COMMITTED DEBT Drawn at Facilities 31.12.99 m m Bank credit 200m (final maturity 2002) 124 124 Loan notes 280m (final maturity 2008) 174 174 Convertible Capital Bond (maturity 2005) 28 28…
  11. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 11
    1999 Preliminary Results Presentation BALANCE SHEET 1999 1999 1998 (incl. JVs) (as reported) (as restated) m m m Cash 158 155 28 Debt 426 326 317 Net Debt 268 171 289 Shareholders funds 309 309 195 Gearing ratio 87 % 55 %…
  12. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 12
    1999 Preliminary Results Presentation OPERATIONS Make a Difference
  13. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 13
    1999 Preliminary Results Presentation PRODUCTION BY COUNTRY 80,000 Myanmar 70,000 Pakistan Indonesia 60,000 UK Other Produtction (boepd) 50,000 40,000 30,000 20,000 10,000 0 1998 1999 2000 2001 2002 2003…
  14. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 14
    1999 Preliminary Results Presentation CAPEX - FIELDS/DEVELOPMENT BY REGION 150 Myanmar 125 Pakistan Indonesia UK 100 Other ( million) 75 50 25 0 1998 1999 2000 2001 2002 2003 2004 133 million of equity…
  15. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 15
    1999 Preliminary Results Presentation RESERVES 500 470 460 400 300 Million boe 200 100 4 0 11 3 -100 1998 Produced Discovered Adjustment 1999 & extension Reserves depleted at 2.3% p.a. at 1999…
  16. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 16
    1999 Preliminary Results Presentation U.K. - CURRENT PRODUCTION 18,100 boepd Scott, Rob Roy, U.K. Ivanhoe, Hamish, Kyle Portfolio focused on Telford Delays on Banff tie-in cash generating assets EWT start-up in 2000 Chestnut Wytch…
  17. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 17
    1999 Preliminary Results Presentation PAKISTAN - CURRENT PRODUCTION 2,500 boepd Pakistan Bhit and Badhra Significant gas reserves Awaiting development Two gas fields on Development plan agreed production - 2500 boepd Field declared…
  18. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 18
    1999 Preliminary Results Presentation MYANMAR Myanmar Yetagun Thailand YANGON Well head platform installed Production platform 3,600 MW gas-fired completed and installed power station Yadana under FSO mobilised construction…
  19. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 19
    1999 Preliminary Results Presentation YETAGUN DEVELOPMENT PROGRESS Yetagun Production Facilities Development Completed 100% 90% Planned cum. 98.9% Feb 2000 80% Actual cum. 98.4% 70% 60% 50% 40% 30% 20% 10% 0% 1997…
  20. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 20
    1999 Preliminary Results Presentation INDONESIA - CURRENT PRODUCTION 7,900 boepd West Natuna GSA signed Jan 99 Conoco operated pipeline - construction ahead Duyong of schedule Kerteh Anoa and Kakap Anoa production Malaysia 4200…
  21. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 21
    1999 Preliminary Results Presentation WEST NATUNA GAS PROJECT 325 mmscfd, 22 year GSA has been executed Anoa Platform KF Platform Natuna A will export around 120 mmscfd ON YSIA IA ES IND ALA Kakap will export around 65…
  22. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 22
    1999 Preliminary Results Presentation NATUNA SEA BLOCK A GAS DEVELOPMENT Export Tanker New AGX Existing Anoa Platform 2001 Platform FPSO New subsea New Floating Existing Anoa well SA-21 Flare FPSO RISERS New subsea well…
  23. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 23
    1999 Preliminary Results Presentation 1999 EXPLORATION Expenditure reduced - high risk wells farmed out 7 exploration wells, 1 appraisal 3 dry wells 3 non commercial discoveries Successes at Badhra and Zamzama-2 Year…
  24. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 24
    1999 Preliminary Results Presentation NEAR TERM PRIORITIES Maximise UK production and run business for cash Complete Asian gas developments Secure second West Natuna gas sale contract Build joint gas development business in…
  25. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 25
    1999 Preliminary Results Presentation THE ASIAN GAS BUSINESS 20-30% Asian Energy 123 10% Flux Regional Consumption Oil Pattern 1998 Natural Gas Nuclear Energy Hydroelectricity Coal 100% 80% 60% Significant…
  26. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 26
    1999 Preliminary Results Presentation EXISTING AND POSSIBLE FUTURE ASIA PACIFIC GAS GRID Petronas / Hess assets complement Premiers JAPAN existing portfolio and PAKISTAN strategy INDIA BANGLADESH MYANMAR LOAS Pacific…
  27. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 27
    1999 Preliminary Results Presentation PREMIER TODAY Restructured and focussed - 4 core areas - Cashflow - Complete major developments Stronger balance sheet Inbuilt production / cashflow growth Strengthened Board and…
  28. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 28
    1999 Preliminary Results Presentation APPENDIX Make a Difference
  29. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 29
    1999 Preliminary Results Presentation NET PRODUCTION 1999 1998 mboepd mboepd U.K. : Wytch Farm 11.3 13.6 : Scott Area 2.3 2.8 : Fife Area 3.8 5.1 : Galahad 0.7 0.7 : Blenheim 0.1 0.1 18.2 22.3 Pakistan : Qadirpur 1.6 3.0 :…
  30. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 30
    1999 Preliminary Results Presentation BOOKED RESERVES (END 1999) Reserves by area Reserves by field Other 8.1% Wytch Farm 5.6% Indonesia (35.0%) Myanmar (39.1%) 37mmboe 26mmboe (210mmboe) Kakap 4.7% 22mmboe (117mmboe) Bhit 7.0%…
  31. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 31
    1999 Preliminary Results Presentation EXPLORATION & APPRAISAL WELLS IN 1999 U.K. Indonesia 28/10a Tay Flynn Hoeness Sotong-1X Mako-1 Natuna Sea Pakistan Australia Chelonia-1 Zamzama-2 Badhra-2 Gas discovery -…
  32. 1999 PRELIMINARY RESULTS PRESENTATION – Premier Oil – slide 32
    1999 Preliminary Results Presentation INDONESIA - UJUNG PANGKAH OIL & GAS DISCOVERY East Java Sea Ujung Pangkah Tuban Madura Gresek Island East Java Surabaya Gas Pipeline Premier 40% and operator Field appraisal…

From the store

Browse maps, data & reports in the Shale Experts store