GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Results & Strategy Update 28 February 2013
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary 3
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 HIGHLIGHTS Full year average production of 44,500 bopd (+6% YoY), in line with guidance Strong safety performance 0 LTIs…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SIGNIFICANT RESOURCE GROWTH December 2012 Unrisked Prospective Resources 3,168mmboe 3,897 mmboe Contingent Resources…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx STRENGTHENED THE TEAM Executive Management Appointments John Hurst, Head of Exploration Dawn Summers, Head of Operations & 30…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary 7
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 INCOME STATEMENT m 2012 2011 Revenues Average production (bbl/d) 44,500 42,000 Domestic 228 Export 100 Royalty 5 Revenue 333…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx PRODUCTION AND SALES Net Genel Production (kbopd) Net Genel Revenues (m) 300 400m 80 kbopd Expected Capacity 333 55…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 CASH FLOW 229m exploration and Strong cash flow 1bn of M&A in 2012: development generation Bina Bawi, Miran and Chia Surkh…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx CAPEX 2012 Capex Split Including: 74m KRI development at Taq Taq and Tawke 2nd CPF at Taq Taq 143m KRI exploration/appraisal…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2013 CATALYSTS & KEY EVENTS Progress on politics and independent export infrastructure Continued production capacity growth at…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx POLITICS KRI/TURKEY RELATIONSHIP DEEPENS Relationship between Turkey and KRI continues to deepen Major trading partner…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx OIL AND GAS INFRASTRUCTURE KEY TO UNLOCKING STALEMATE Oil Taq Taq to Khurmala pipeline complete, operational in early 2013…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary…
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 EXPLORATION Kurdistan Region of Iraq (KRI) 4 high impact wells to be drilled in 2013 Material prospects remain: Taq Taq Deep,…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAQ TAQ Genel WI: 44% (TTOPCO operator) Update Strong prevailing domestic demand and pricing currently 80,000-100,000 bopd sold…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx TAWKE Genel WI: 25% (DNO operator) Update 45,000 bopd gross production in 2012 Current domestic sales at 65-70/bbl Production…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN APPRAISAL PROGRAMME Genel WI: 100% Miran West - Oil Mean recoverable contingent and risked prospective resources…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MIRAN GAS FULL FIELD DEVELOPMENT Petrofac FEED work to complete 2Q 2013 Negotiation for a Gas Sales Agreement between Turkey…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx BINA BAWI APPRAISAL PROGRAMME Genel WI: 44% (OMV operator) Bina Bawi 4: spudded June 2012; currently at 4,600 metres;…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI EXPLORATION SIGNIFICANT REMAINING EXPLORATION POTENTIAL TURKEY Tawke Deep 25% WI SYRIA (200mmbbls, 36% POS) T-17 results 2Q…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx KRI EXPLORATION SUMMARY Gross Unrisked Licence Prospective POS Current Drilling Total Depth Well Spud Date Results Interest…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx AFRICA EXPLORATION DRILLING TO COMMENCE IN 2013 Offshore S. Malta: Sirte Basn Libya Analogues NW Africa: Jurassic Carbonate Area…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MOROCCO DRILLING TO COMMENCE 2H 2013 Juby Maritime Block (37.5%) Cap Juby Cairn (operator) 800mmbbls prospective resource MO-2 /…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx MALTA AREA 4 Total estimated gross prospective resources 800mmbbls Seismic line through the Hagar Qim prospect Hagar Qim-1…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx SOMALILAND SIGNIFICANT OPERATIONAL PROGRESS High resolution airborne gravity and magnetics 95% complete Free Air Gravity…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx RIG SECURED FOR OFFSHORE PROGRAMME Contract in advanced negotiation for deepwater semi-submersible rig 10 well drilling…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx EXPLORATION WORK PROGRAMME Gross Gross Net Net Unrisked Unrisked Unrisked Unrisked Prospective Assets W.I. Country Prospective…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Highlights 2012 Financial Review 2013 Catalysts & Key Events Politics Strategy 2013 Activity and Milestones Summary…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx STRONG PROGRESS IN 2012 Increased production, in line with guidance Substantial growth in resource base from 1.6bn boe to 5.4bn…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2013 AN EXCITING YEAR AHEAD Q1 Q2 Q3 Q4 Turkey and KRG Energy Cooperation Agreement Politics and Direct exports by truck…
GENELCSPresentations120223_Capital Markets Day12 Capital Markets Day Presentation (EM 20120213).pptx 2012 Results & Strategy Update 28 February 2013
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…