GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx A New Force in E&P Morgan Stanley Exploration and Production Conference January 2013
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PROGRESS IN THE FIRST YEAR Material operational progress in the Kurdistan Region of Iraq (KRI) fully funded by operational…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx POLITICAL MOMENTUM BUILDING On the ground in KRI Production capacity increasing from 150,000 bpd last year to 250,000 bpd today…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx STRATEGY Maintain the highest level of corporate governance Continue to fund Kurdistan Region of Iraq (KRI) development and…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAQ TAQ DEVELOPMENT ON TRACK Development On track to deliver 200,000 bopd gross production capacity Average Production…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OIL AND GAS INFRASTRUCTURE PROGRESSING Oil Taq Taq to Khurmala pipeline complete, operational in early 2013 Initial capacity of…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAWKE UPDATE Development On track to deliver gross production capacity of 100,000 bopd by end 2012 Average Production Production…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI SIGNIFICANT RESOURCES ACQUIRED Genel Energy 44% working interest acquired in 2012 Operator: OMV Significant…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI APPRAISAL AND FIELD DEVELOPMENT PROGRAMME Appraisal Jurassic Depth Map Bina Bawi 4: spudded June 2012; completion 1Q…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN CONTROL OF WORLD CLASS GAS FIELD SECURED Acquisition of additional 75% interest of Miran from Heritage completed in 2012,…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN EXPLORATION, APPRAISAL AND FIELD DEVELOPMENT PROGRAMME Exploration and Appraisal Miran 4 (previously Miran East-1)…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EXPLORATION STRATEGY Kurdistan Region of Iraq (KRI) Drill out portfolio in the KRI Material prospects remain: Taq Taq Deep,…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx COMPREHENSIVE EXPLORATION PROGRAMME IN KRI Tawke Deep TURKEY 25% WI Ber Bahr Peshkabir 40% WI Result T-17 1Q 2013 25% WI Side…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI DRILLING PROGRAMME 2012 2013 Well Q4 Q1 Q2 Q3 Q4 Miran East -1 Chia Surkh-10 Chia Surkh-11 Exploration…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EMERGING AFRICAN EXPLORATION PORTFOLIO Offshore S. Malta: Sirte Basn Libya Analogues NW Africa: Jurassic Carbonate Area 4:…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO EXPLORATION THEME Proven petroleum system in offshore Morocco associated with Jurassic carbonates analogous offshore…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO APPRAISAL & EXPLORATION OPPORTUNITIES Cap Juby discovery Cap Juby appraisal and exploration Cap Juby MO-2 oil discovery…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MALTA GEOLOGICAL MAP Area 4 Petroleum Context: Mid-Cretaceous rift- Melita Graben superimposed on Triassic Graben Early Tertiary…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SOMALILAND BASIN PETROLEUM CONTEXT Jurassic/Cretaceous rift Yemen analogue NW SE 40,000 sq km acreage position Proven…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx COTE DIVOIRE LICENCE INTERESTS Proven petroleum systems with three main potential field size ranges in the three main plays:…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx AFRICA EXPLORATION DRILLING PROGRAMME Gross Gross Net Net Unrisked Unrisked Unrisked Unrisked Prospective Assets W.I. Country…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PRODUCTION & SALES Net Genel Production (kbopd) Net Genel Revenues (m) 450 70 300 48 45 42 250 250 142 150 17…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CAPEX 550m 400m 200 - 250m 86 60 67 46 2008 2009 2010 2011 2012E 2013E Development Exploration & Appraisal…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OPERATIONAL MILESTONES FOR 2013 First Quarter Second Quarter Third Quarter Fourth Quarter First phase of export Taq Taq Deep…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx RESOURCE HOPPER One year on November 2012 Unrisked Prospective Resources 3,175mmboe 3,952 mmboe Resource at acquisition…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BUILDING A MAJOR E&P COMPANY PHASES OF FUTURE GROWTH 500 High impact African exploration Material positions in highly…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SUMMARY Leading oil and gas producer in the Kurdistan Region of Iraq Four world scale oil and gas fields with significant…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OTHER MATERIAL 29
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx THE BOARD CHAIRMAN Rodney Chase INDEPENDENT NON-EXECUTIVE DIRECTORS Jim Leng (SID) George Rose Sir Graham Hearne Mark Parris…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx THE MANAGEMENT TEAM CEO Tony Hayward President Mehmet Sepil CFO CCO COO, COO, Strategy & HSSE General HR Government…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx THE AFRICA TECHNICAL TEAM COO, Peter Barnett Africa 37 years of international oil and gas exploration experience John BP, Maersk…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx GENEL ENERGY RESERVES AND RESOURCES Gross Resource Net Resource Unrisked Working Unrisked Risked 2P 3P 2C Prospective Interest 2P…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TURKISH GAS MARKET Gas Contracts and Demand (bcma) Historic growth rate 10% pa since 2000. +5% pa Continued strong growth…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAWKE DEEP N Tawke 17 (Deep) S W Tawke 17 (Deep) E Dip Section Strike section Top Jeribe Mocene Top Eocene Proven OWC…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAQ TAQ DEEP SW Taq Taq 22 (Deep) NE Top Cretaceous Top Top Jurassic Jurassic Top TopTriassic Triassic Genel 44%…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CHIA SURKH Genel 60% working interest, operator First exploration well (Chia Surkh 10) spudded on 7 October 2012, TD 2,500m,…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN DEEP EXPLORATION POTENTIAL Line A SE Line A Near Top NW Permian Map Existing Miran gas field Jurassic Near…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx FISCAL TERMS SUMMARY (Based on Taq Taq PSC) Assumptions Working Interest Genel 44%, Addax 36%, KRG 20% (carried) Paying Interest…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PSC CALCULATION FOR ONE BARREL Entitlement (life of field) Revenue per barrel Genel Cost oil + Profit oil post Capacity 100 9…