GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 1H 2013 Results 31 July 2013
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Highlights Financial Review KRI Gas business Outlook 3
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2013 HALF YEAR HIGHLIGHTS DELIVERING ON MILESTONES 1H average production of 41,500 bopd (+7%) and revenue of 161 million (+31%)…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EXPLORATION SUCCESS SIGNIFICANT CHIA SURKH DISCOVERY Significant new oil discovery recoverable reserve estimate c.250-500…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx FURTHER EXPLORATION SUCCESS Ber Bahr Discovery BB-1 side track sustainable flow rate of 2,100 bopd 15 API oil from the Middle…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx DEVELOPMENT & APPRAISAL MOMENTUM Taq Taq and Tawke production capacity increase on track ready for exports Taq Taq CPF II under…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx POLITICAL MOMENTUM Direct exports via truck Trucked exports from Taq Taq commenced in January have ramped-up to c.30,000 -…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx INDEPENDENT KRI INFRASTRUCTURE NEARING COMPLETION First phase: Taq Taq to Khurmala pipeline capacity of 150,000 bopd with…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Highlights Financial Review KRI Gas business Strategy and Outlook 10
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PRODUCTION & INCOME STATEMENT kbopd 1H Net Genel Production 60 Taq Taq exports via Turkey currently running at 50 30,000-40,000…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PRODUCTION AND SALES GUIDANCE Net Genel Production (kbopd) Net Genel Revenues (m) 80 kbopd 300 400m Capacity 333 45-55…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CAPEX 1H 2013 Capex Split 60m at Taq Taq and Tawke 2H 2013 Capital Projects: 100m at Miran and Bina Bawi 2nd CPF at Taq Taq…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CASH FLOW 1H 2013 Strong operating cash flow generation Final payment for Miran (30m) and other previously 1,400 reported…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CAPITAL STRATEGY Balance sheet will evolve to be consistent with Genel's future business needs and will reflect: Confidence in…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Highlights Financial Review KRI Gas Business Strategy and Outlook 16
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx A TRANSFORMATIONAL KRI GAS BUSINESS Resources 8tcf gross mean resources, 18tcf upside case Costs Well positioned on cost…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI RESOURCES UPDATE BINA BAWI 4 AND 5 WELLS BB-04 & BB-05 Triassic Results Tests conducted across Kurra Chine (A, B and…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI GAS GENEL GROSS RESOURCES 20.0 18 18.0 16.0 4 14.0 Trillion Cubic Feet of Gas 12.0 10.0 8 8 8.0 6.0 4…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI GAS RESOURCE COST COMPETITIVENESS 12 Azerbaijan (SD2) Russia (via Bulgaria) Existing suppliers Russia (Blue…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TURKISH GAS MARKET HIGH GROWTH , SIGNIFICANT FURTHER DEMAND POTENTIAL European and Eurasian Gas Consumption by Country 12%…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SALES VOLUMES IN PERSPECTIVE bcma Turkish Gas Demand & Supply (Russia & Iran extensions) 80 Azerbaijan Historic Turkish Iran…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI GAS ROAD MAP TO MONETISATION 2013 2014 2015 2016 2017 2018 DOC EARLY OIL Miran EWT EARLY PRODUCTION FACILITY…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EARLY OIL PROJECTS Miran M-1 EWT completed during 1Q 2013; flowed up to 3,000 bopd Early Production Facility installation…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EARLY DOMESTIC GAS PROJECTS Typically c.100 mmscf/d units to supply local power, industrial customers 300 to 500 mmscf/d…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EARLY GAS PROJECTS SUMMAIL 0.3 tcf gas discovery in Dohuk PSC, DNO Dohuk Power Station operator (40%), Genel (40%) Term sheet…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx GAS EXPORTS MIRAN FRONT END ENGINEERING AND DESIGN FEED conducted by Petrofac in 1H 2013 Confirmed basis of design for 4 bcma…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EXPORT GAS SALES AGREEMENT Turkey / KRG Energy Framework Agreement March 2013 Heads of Terms agreed for 10bcma gas export to…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx GAS FOR GENEL: A TRANSFORMATIONAL NEW GAS BUSINESS World class resource base Material domestic market Next to one of worlds…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TRANSFORMATIONAL KRI GAS BUSINESS CONCEPTUAL DEVELOPMENT bcma 25 20 11 bcma Gross Additional Sales (Export /Domestic) 15…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Highlights Financial Review A significant KRI Gas business Strategy and Outlook 31
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx STRATEGY Maintain the highest level of corporate governance Continue to create value with the drill bit To manage our KRI…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx GENELS BUSINESS POISED FOR MATERIAL GROWTH World class oil business significant growth in near and medium term Transformational…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 1H 2013 DELIVERING ON MILESTONES Q1 Q2 Turkey and KRG Energy Cooperation Agreement Politics and Infrastructure Direct exports…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx AN EXCITING 12 MONTHS AHEAD 2013 2014 Q3 Q4 Q1 Q2 Politics & Khurmala Dohuk 36 Dohuk Fishkabur line Infrastructure Full exports…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OUTLOOK 2013 revenue (300-400m) and production (45,000 55,000 bopd) guidance unchanged Independent KRI export infrastructure to…