GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx A New Force in E&P October 2012
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 3
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 150,000bpd last year to 250,000 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 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 Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 8
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 TAQ TAQ TO KHURMALA PIPELINE NEARS COMPLETION Taq Taq to Khurmala pipeline operational in December Initial capacity of…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAWKE UPDATE On track to deliver gross production capacity of 100,000 bopd by end 2012 Average Production Production Capacity…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CONSISTENTLY GROWING RESERVE BASE Taq Taq and Tawke Gross Reserves (mmbbls) 1,918 2P CAGR 2009-2012: 27% 1,564 537 Gross…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 13
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SIGNIFICANT RESOURCES ACQUIRED Bina Bawi (44%) Miran (additional 56.25%1) 220-440mmboe 2C 392mmboe 2C Contingent Resources…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI SIGNIFICANT RESOURCES CONFIRMED Significant hydrocarbon accumulation confirmed by wells drilled to date (BB-1 and…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI APPRAISAL PROGRAMME Jurassic Depth Map Bina Bawi 4 objective Appraise Mus, Butmah and Kurra Chine; drill into…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI FIELD DEVELOPMENT Phased development concept Extended well test Construction underway Production expected 1Q 2013,…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN CONTROL OF WORLD CLASS GAS FIELD SECURED Acquisition of 26% of Miran from Heritage completed, taking Genels interest to…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN EXPLORATION AND APPRAISAL Miran West-4 Deviated well completed Miran East-1 Confirmed oil in the Upper Cretaceous…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN FIELD DEVELOPMENT Project engineering FEED 4Q 2012 to 2Q 2013 Gas sales Discussions with customers and infrastructure…
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 GAS INFRASTRUCTURE Source: The Oil & Gas Year, Kurdistan Region of Iraq (2012) 22
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI DEVELOPMENTS SUMMARY World class resource base Turkish gas market Large and rapidly growing Attractive international…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 24
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 SIGNIFICANT EXPLORATION RESOURCE ADDED Chia Surkh Africa Portfolio 122mmboe Unrisked Prospective Resources 2.2 billion boe…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx COMPREHENSIVE EXPLORATION PROGRAM IN KRI Tawke Deep TURKEY 25% WI Ber Bahr Peshkabir Result 1Q 2013 40% WI 25% WI Side track to…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAWKE DEEP TOP JURASSIC STRUCTURE MAP Genel Energy 25% working interest (DNO operator) 200mmboe gross N S unrisked mean…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAQ TAQ DEEP Genel Energy 44% working interest Operator: TTOPCO (Genel 55%) 250mmboe gross unrisked mean prospective resources…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CHIA SURKH Haciar Lead Lower Miocene Depth Map Max Area of Genel Energy (operator) 60% working interest closure: 41.8 sq.…
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 Kewa Chirmila Chia Surkh-10 Exploration Chia…
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 LICENCE INTEREST Panuke Carbonate 3Tcf Gas Margin Carbonate Margin Condensate Newfoundland-Azores FZ…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO MAIN PLAY TYPES ASSOCIATED WITH CARBONATE PLATFORM Reef Margin Oil saturation 34
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO CAP JUBY DISCOVERY JUBY MARITIME BLOCK Proven petroleum system: MO-2 discovery 2,400bopd Cap Juby Juby Maritime Block…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO JUBY MARITIME EXPLORATION PLAYS W E Mid Cretaceous Top Jurassic carbonates Top mid-Jurassic carbonates Line…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO SIDI MOUSSA CARBONATE PETROLEUM SYSTEM N Proven petroleum system (Cap Juby) 850mmboe prospective resources Multiple…
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 MALTA LICENCE INTERESTS Area 4 Petroleum Context: Triassic Rifts at 5km depth Sicily Strepenosa potential Mid-Cretaceous rift-…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MALTA GEOLOGICAL MAP Area 4 Petroleum Context: Triassic Rifts at 5km depth Sicily Strepenosa potential Steppanosa Basin…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MALTA INITIAL WELL: TERTIARY REEF PLAY Petroleum System to be proven Gas chimneys/effects on seismic Seabed pock marks gas escape…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MALTA CRETACEOUS RIFTS Pock Marks Sea bed variance map Cretaceous Melita Medina Graben opens up deeper play Fault…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SOMALILAND BASIN PETROLEUM CONTEXT Jeza Basin Masila Basin Shabwa Basin Sanaa YEMEN n Aden ck ine Berbera…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SOMALILAND RESUME OF PLAY TYPES & WORK PROGRAMME Jurassic/Cretaceous Rift Somaliland work programme Petroleum System proven…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx AFRICA ACTIVITY PROGRAMME BY ASSET & RESOURCE TARGET Gross Net Gross Net Unrisked Unrisked Unrisked Unrisked Assets W.I. Country…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 46
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PRODUCTION AND EXPORT STATUS Production All production now sold at international prices (including Bazian) 2012 net production…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CAPITAL EXPENDITURE 500 400-500m 400 300 200-250m 200 100 86 60 67 46 0 2008 2009 2010 2011 2012E 2013E…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CAPITAL STRUCTURE Continue to grow the portfolio Access selective opportunities with a bias to existing geographies Portfolio…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 50
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OPERATIONAL MILESTONES FOR 2012/13 Fourth Quarter First Quarter Second Quarter Third Quarter Fourth Quarter Test results on…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx RESOURCE HOPPER One year on October 2012 Unrisked Prospective Resources 2,073mmboe 2,850 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 Introduction Existing KRI Production KRI Developments High Impact Exploration Financial Framework Summary Q&A 55
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OTHER MATERIAL 56
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 KURDISTAN REGION OF IRAQ PSC TERMS Taq Taq Tawke Miran Dohuk Ber Bahr Chia Surkh Bina Bawi Genel Paying Interest 55% 25% 38.25%1…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx AFRICA FISCAL TERMS Morocco Juby Maritime Morocco Sidi Moussa Cote dIvoire Block CI-508 Malta Area 4 Somaliland Block SL13/ 10B…
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…