PREFACE This presentation and the associated slides and discussion contain forward- looking statements regarding SOCO, our corporate plans, future financial condition, future results of operations, future business plans and…
2008 Financial Summary (audited, US million) 2008 2007 Cash 303.4 68.3 Net Profit1 411.1 32.3 Operating Cash Flow2 45.1 49.0 Capex3 81.1 217.6 178.6 1 Net profit on disposal=356.7; 30.6 from continuing operations 2…
SOCO- Areas of Activity THAILAND VIETNAM CONGO DRCONGO ANGOLA OPERATED NON-OPERATED Page 4
Vietnam: Cuu Long Basin Blocks Page 5
Cuu Long Basin Production, Development and Appraisal Areas Page 6
CNV Field Development 1.25 Km CNV-2P 6P CNV-3P CNV-1P-ST1 5P CNV-4P Page 7
TGTCurrent Development Concept Well Head Platform Locations Page 8
Full Field TGT Facilities Development Scheme H1/H2-WHP 4 x 10 Multiphase pipelines HST-WHP 1 x 10 WI pipeline 1 x 8 Gas-lift supply pipeline TGT FPSO SSIV 1.8 km PLEM 8 km (PV G Ex s Scope 24 km ipeline ) port a…
TGT Facilities Installation Mid 2010 H1/H2-Jacket 4 x 10 Multiphase pipelines 1 x 10 WI pipeline 1 x 8 Gas-lift supply pipeline 1.8 km PLEM Page 10
TGT Facilities Installation Mid 2011 H1/H2-Topsides 4 x 10 Multiphase pipelines 1 x 10 WI pipeline 1 x 8 Gas-lift supply pipeline TGT FPSO SSIV 1.8 km PLEM 8 km (PV G Ex s Scope 24 km ipeline ) port a H3/H4-Jacket…
TGD Fan Regional Section SW NE TGB-1X 11 TGD-1X-ST1 TGD-1X-ST1 TGD-1X TGD-1X (2) (3) 01 01 1 TGT-4X 02 TGT-1X TGT-1XTGT-2X 01 02 5236 m 18403 m 6964 m 2004_2D_901, 5429.62 Line: 1300.0 1300.0 1300.0 1300.0 1300.0 1300.0…
Thailand: Bualuang Field Well Locations Bualuang in production on 27th August 2008. Production limited to preserve reservoir performance Two horizontal wells drilled 2Q08 resulting in doubling of production Page 13
North Congo Basin Structural Elements Page 14
Congo: Marine XI and Marine XIV Blocks S1 3 Page 15
Cabinda North Seismic Program Acquisition plan: Testline (blue) Selected 2D lines over Dinge (red) Recon grid whilst 3D designed 3D while recon processed Infill 2D Page 18
Net Reserve Summary (mmbbls net working interest as at 31 December 2008) 2 1 2008 2007 2P 2P Vietnam 125.2 100.7 Yemen 0.0 29.9 Congo 11.9 11.9 Thailand 7.0 18.4 144.1 160.9 1 Booked mmbbls net working interest as at 31…
2009 Primary Operations Objectives Obtain VN government approval of appraisal areas on Block 16-1 Reprocess 3D seismic over HPHT appraisal area on Block 16-1 Obtain government approval for FDP on TGT field on Block 16-1; advance…
12-18 Month Drilling Programme (Implications) 1 Exploration + 1 appraisal well Marine XI August 09 (125 mmbbls) 2 Exploration wells Nganzi 2Q10 (300 mmbbls) 1 Appraisal well HPHT area VN 2Q/3Q10 (100+ mmbbls) 1 Exploration well…
Summary Strongest balance sheet in SOCOs history, poised for significant growth in production, cash flow and profitability Vietnam exploration results confirm world class reserves with SOCO largest presence of any independent E&P…
SOCO International plc St Jamess House 23 King Street London SW1Y 6QY United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.co.uk Page 23
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