STRATEGIC HIGHLIGHTS Solid financial and operating performance in 2013 Significant progress in development Expanded exploratory portfolio Distinguished by: a diversified asset portfolio robust balance sheet a balanced program…
4th QUARTER AND FULL YEAR 2013 OVERVIEW Average daily gas production from the Manati Field was 6.1 MMm3 in 4Q13, bringing average production for full year 2013 to 6.0MMm3 per day Positive drill stem test results from first…
Q4 AND Y2013 FINANCIAL OVERVIEW Consolidated Financial Information (R million) 4Q13 4Q12 % 2013 2012 % Net income 21.2 47.3 -55.3% 192.2 82.5 133.1% Amortization and depreciation 31.4 20.7 51.5% 97.3 82.9 17.3% Net financial…
MANATI FIELD PRODUCTION Gas Production Net Revenue (Millions of m) (R million) -2.8% 5.1% 1.010,6 982,3 486,1 462,3 8.4% 0.3% 252,6 253,2 116,0 125,7 2012 2013 4Q12 4Q13 2012 2013 4Q12 4Q13 Production at the Manati…
CAPEX 2013-2015 2013 capital expenditure: US193 million 2013s CAPEX was spent on Blocks BS-4, BM-J-2, BM-CAL-12, BM-S-8, and Blocks won in Round 11 2014 capital expenditure: US155 million 2014s CAPEX to be spent on Blocks BS-4,…
BS-4 OPERATORSHIP ACTIVITIES UPDATE Successful drilling and completion of first horizontal well of the Early Production System (EPS) of Atlanta Field Drill Stem Test (DST) indicated production capacity at the high end of the…
UPDATE ON BM-S-8 ACTIVITIES Drilling of the first Carcar discovery appraisal well began in December 2013 and was interrupted in the early phases due to operational issues The Consortium is evaluating whether it will continue with…
ACTIVITIES UPDATE BM-J-2 In August 2013, the Company filed a Notice of Discovery with the ANP based on gas detector anomalies, oil shows in cuttings and the interpretation of pay zones in well logs in the pre-salt section of its…
MAJOR MILESTONES AHEAD 2018-2021 First oil expected from 2016-2017 Carcar 2016: Exploratory Drilling at First oil expected from 2015 Copaba and Guanabara Oliva Field Profundo Conclusion of appraisal well 2014 and Drill…
CONTACT US Investor Relations QGEP Participaes S.A. Av. Almirante Barroso, n 52/sala 1301, Centro, Rio de Janeiro, RJ CEP: 20031-918 Phone - IR: 55 21 3509-5959 Fax: 55 21 3509-5958 E-mail: riqgep.com.br…