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CREDIT SUISSE ENERGY SUMMIT – Novatek

Novatek · Feb 10, 2011 · 17 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. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 1
    Expanding Horizons Dawn of a New Decade Credit Suisse Energy Summit Mark Gyetvay, Chief Financial Officer and Member of the Board of Directors 10 February 2011
  2. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 2
    Four Pillars Supporting Sustainable Growth SEC P1 Reserves movements1 mm boe Ten years of natural gas production1 World class efficiency Pricing update to achieve export netback parity 150 bcm Current netback parity price 180.00…
  3. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 3
    NOVATEKs Fields and License Areas (LA)1 gas pipeline gas condensate pipe- line gas condensate pipe- Yamal-Nenets Autonomous 22 line, launched in 2010 Region (YNAO)2 one of the producing fields worlds largest natural gas other…
  4. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 4
    A Proven Strategy to Build Reserves1 Compound Annual Growth Rate 2000 - 2010: 13% Other fields Khancheyskoye SeverEnergia fields Sibneftegas fields South-Tambeyskoye mmboe East-Tarkosalinskoye Yurkharovskoye…
  5. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 5
    NOVATEKs Hydrocarbon Reserves Historical natural gas reserve1 growth PRMS Independent Reserve SEC Appraisal1, 31.12.2010 Proved+ Proved Probable Probable bcm 1,144 1,310 530 1,840 Natural gas tcf 40 49 18 67 mmt 73 93…
  6. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 6
    Ramping Up Hydrocarbon Production Natural gas sales production, bcm Gas condensate sales production, mmt 3,5 3,4 3,0 2,9 2,5 2,3 2,1 2,2 1,9 2,0 1,5 1 1,0 0,5 0,0 2005 2006 2007 2008 2009 2010 Total combined gas…
  7. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 7
    Location of Acquired Fields Core NOVATEK Fields Other NOVATEK Fields NOVATEKs NOVATEK License Areas Yamal peninsula Fields SeverEnergia License Areas Sibneftegas License Areas Purovsky Plant Gas Pipeline Gas Condensate…
  8. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 8
    Acquisition of New Assets Effect of acquisitions on Effect of Sibneftegas acquisition on total C1 + C2 reserves1 total PRMS Proved reserves2 2,505 311 19,396 1,228 80 8,688 1% 1% 8% 6% 12% 11% 13% 17% 59% 99% 89% 88% 79%…
  9. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 9
    Domestic Natural Gas Sales and Production NOVATEKs natural gas sales to Russian regions 9M 2010 NOVATEK today is1 6% of Russian gas production 11% of deliveries to Russian domestic market 9M 2010 Russian natural gas supplies to…
  10. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 10
    Expanding Our Liquids Commercial Reach 11
  11. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 11
    Production Cost1 per boe Production costs (RR/boe) Production costs (USD/boe) 190.9 6.00 5.62 4.93 139.8 126.1 Transport 120.1 Transport Transport 2.92 3.78 Transport 2.50 Transport Transport 72.6 64.0 DD&A 0.77 DD&A…
  12. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 12
    Internally Funded Investment Program Core investments in upstream exploration, production and processing facilities funded primarily through internal cash flows 13
  13. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 13
    Industry Comparisons 2009 Proved SEC gas reserves, bcm1 2009 Natural Gas R/P Ratio2, Years Source: Company data, SEC filings Source: Company data, SEC filings Notes: 1. For companies who report gas reserves in cubic feet (cf),…
  14. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 14
    Still One of the Lowest Cost Producers Strong cost control record Low realized prices high margins 60 FY 2009 Oil & Gas Revenue, /boe 50 Nexen South EnCana 40 Western Chesapeake Energy EOG Energy Devon Anadarko 30…
  15. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 15
    Still the Most Efficient Producer Low cost long life Recycle ratio1 Source: John S. Herold Inc. (JSH) Source: JSH and Harrison Lovegrove & Co. Ltd. 2010 Global Upstream Performance Review 2008 and 2009, and JSH 2010 Global…
  16. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 16
    Unrivalled Capital Efficiency Exploration & Development Capital Expenditures Converted to Production 2 1 1 Source: Company filings and NOVATEK data Source: Company filings and NOVATEK data High production flow rates yet…
  17. CREDIT SUISSE ENERGY SUMMIT – Novatek – slide 17
    Questions and Answers Contact details: NOVATEKs Investor Relations Mark Gyetvay, Chief Financial Officer Gregory Madick, Head of Investor Relations Tel: +7 (495) 730-6013 Email: irnovatek.ru Website: www.novatek.ru 18

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