Skip to main content ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske Investor Presentation | Shale Experts
Loading...
Pm

ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske

Det Norske · Jun 2, 2014 · 18 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. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 1
    Acquisition of Marathon Norge Press & Analyst conference CEO Karl Johnny Hersvik June 2, 2014
  2. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 2
    Creation of a strong Norwegian E&P company Combined net production of 84 mboepd1 and estimated 2P reserves of 200 mmboe2 Complementary production profiles Strategic fit Diversified asset base across the full E&P life cycle…
  3. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 3
    Det norske acquires Marathon Oil Norge AS Consideration Marathon Oil Norge AS acquired for a cash consideration of USD 2.1 billion Effective date January 1, 2014 136 mmboe1 of proven and probable reserves, 24 mmboe in contingent…
  4. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 4
    Strategic fit Complementary production Risk reduction and cash flow profiles Growth platform Marathon Norge Alvheim fields high near term production Base case and cash flows reduce funding need Upsides…
  5. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 5
    Strategic fit Risk reduction Diversified asset base on the NCS Growth platform Over 200 mmboe1 in combined reserves with approximately 60% in production Det norske Portfolio balanced across all stages of the Marathon…
  6. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 6
    Strategic fit Risk reduction Acquiring a high quality North Sea portfolio Growth platform Alvheim is a world-class mid-life operated Working Field FPSO producing 100 mboepd1 (gross) interest Alvheim 65,0% with ongoing…
  7. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 7
    Strategic fit Risk reduction A strong team Growth platform Creates a robust and modern E&P company, that will build on the combined capabilities of the two teams Marathons organization brings significant operational…
  8. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 8
    Strategic fit Risk reduction Financing Growth platform A fully committed and underwritten Cash Acquisition Rights issue RBL acquisition loan facility has been secured consideration loan facility Now 2.2bn In…
  9. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 9
    Strategic fit Risk reduction Tax synergies reduce risk & funding need Growth platform Det norske is not in a tax paying position and hence needs to fund all investments on a pre-tax basis Det norske would have built…
  10. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 10
    Strategic fit Risk reduction Comparisons of size and platform Growth platform 2013 working interest production (mboe/d) 84 2C contingent resources - Sverdrup 84 2C contingent resources (ex. Sverdrup) 74 2P reserves…
  11. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 11
    Strategic fit Risk reduction Organic growth platform Growth platform Increased organisational capabilities across the E&P value chain Synergies to be achieved without redundancies expected Continue to build on the…
  12. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 12
    Strategic fit Risk reduction Creation of a strong Norwegian E&P company Growth platform Unique opportunity to acquire significant production on the NCS available at the right time for Det norske Near term production…
  13. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 13
    Appendix
  14. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 14
    Alvheim fields Consists of the Kameleon, Boa, Kneler and Kameleon East accumulations 80% liquids / 20% gas Alvheim blend sells at 3-6 USD/bbl premium to Brent blend Three new infill wells planned for 2014 15 Production…
  15. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 15
    Volund field Subsea tie-back to the Alvheim FPSO, 8 km to the north Additional infill locations identified Production forecast to last to 2025 License: PL150 Discovery year: 1994 Reservoir: Paleocene, Hermod fm. End 2013 2P…
  16. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 16
    Vilje field Subsea tie-back to the Alvheim FPSO, 19 km to the south-west Production forecast to last to 2030 License: PL036D Discovery year: 2003 Reservoir: Plaeocene, Heimdal fm. End 2013 2P reserves (net): 14 mmboe1 (net)…
  17. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 17
    Byla field Subsea tie-back to the Alvheim FPSO, 26 km to the north PDO approved in 2012 with first oil expected for Q1 2015 Drilling of production wells ongoing Gross plateau production expected at 20 mboepd and production is…
  18. ACQUISITION OF MARATHON NORGE PRESS AND ANALYST CONFERENCE – Det Norske – slide 18

From the store

Browse maps, data & reports in the Shale Experts store