DNO International Corporate Presentation September 2012
Reserves: DNO International 530 1 Three licenses in Kurdistan: million boe Tawke (operator) Erbil (operator) P50 CWI Dohuk (operator) 1 2 Five licenses in Yemen and one additional under negotiation: Production: Block 53 40,000…
Oil and gas operations in the DNO is following an ambitious strategy Middle East and North Africa: Kurdistan for growth in the MENA region P50 reserves: Gross production 470.2 mmboe 75,000 bopd capacity: Tawke (55%)…
Oil and gas operations in the Unlocking reserves and resources through Middle East and North Africa: Kurdistan aggressive drilling in 2012 and 2013 P50 reserves: Gross production capacity: 470.2 mmboe 75,000 bopd Tawke…
1 Substantial activity ahead in Kurdistan 2 1 Tawke Dohuk Erbil 3 2 3 Plans to increase capacity to 3D seismic completed on First stage of the 100,000 bopd in 2012 and Summail discovery Benenan/Bastora 200,000 bopd by 2014…
Appraisal and development projects in other areas Yemen Oman UAE Continue infill drilling as rigs become Complete three well drilling program on Initiate re-development of Saleh gas available Bukha/West Bukha fields condensate…
Increasing reserves and production WI Production 2P Reserves 40,000 600 35,000 500 30,000 400 25,000 300 20,000 15,000 200 10,000 100 MMboe 5,000 Boepd 0 0 2009 2010 2011 Q2 2012 2009 2010 2011 Q2 2012…
Kurdistan a world-class resource base Material discoveries of both oil and gas Momentum building through increasing production capacity and infrastructure development Consolidation continues through string of large scale M&A deals…
DNO has the most advanced oil operations in Kurdistan today Pioneer Connected Growth Was first IOC to commence The only IOC connected to Is fully committed to exploration in Kurdistan the international market by continuous future…
DNOs reserves and resources in Kurdistan have steadily increased 500 450 Million barrels of oil on 2P/P50 company working interest basis 400 Development in DNOs 2P reserves in 350 Kurdistan from the Tawke discovery in 2006 to…
Tawke: Extensive short term drilling plan Currently drilling: Tawke-13 Tawke-18 Tawke-14 Tawke-17 side track to Footwall prospect ongoing Tawke-17 (Tawke Deep) Tawke-19 Next well: Tawke-14 side track Green: Old P50 model Red:…
Tawke-18 A combined producer and exploration well Tawke N-Fault is the major thrust fault with approx 800m displacement in this section of the structure Tawke-18 has a primary objective of increasing Cretaceous production capacity in…
Tawke-17 (Tawke Deep) Production capacity well in discovered Cretaceous fault-block Exploration test in Jurassic and Triassic Corporate Presentation, September 2012 14
Peshkabir-1 discovery well Confirmed movable oil in Jurassic. Further testing planned in 2012 Discovery notice submitted to KRG 200 sq km 3D seismic survey initiated as part of a comprehensive appraisal program Corporate…
Summail-1 discovery well 3D seismic completed Declaration of Commerciality in progress Gas development considerations ongoing Heavy oil study initiated Corporate Presentation, September 2012 16
Developing the Benenan/Bastora oil discoveries Benenan/Bastora development initiated by spudding the Benenan-3 horizontal well Designed to further appraise the Benenan discovery and contribute to additional production First stage…
Renewed focus on Yemen Block 53 Block 32 DNO holds 24.45% (32.60% paying) DNO holds 38.95% (41.00% paying) Operated by Dove Operated by DNO Gross production around 5,600 bopd Gross production around 2,900 bopd Block 72 Block 43 DNO…
Restoring and increasing production from West Bukha WB-5, the first of a three well drilling campaign, completed 4.3 km pipeline replaced Production resumed early September Accelerated recovery of deferred production…
Block 31 Oman onshore Al Jariya high impact prospect ALJARIYA Prospect Line NV03-109 BLOCK 31 Top Carbonates Regional Time Map Very interesting HPHT prospect with significant volume potential Will be matured for possible…
Outlook Targeting continued production increases Building additional production capacity through facility upgrades and new wells Significant reserves upside from high impact exploration and appraisal drilling Growing the…
IMPORTANT NOTICE The information contained in this results presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy,…
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