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Q4 2014 RESULT – Dno International Asa

Dno International Asa · Feb 4, 2015 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2014 RESULT – Dno International Asa – slide 1
    Fourth Quarter 2014 Interim Presentation 4 February 2015
  2. Q4 2014 RESULT – Dno International Asa – slide 2
  3. Q4 2014 RESULT – Dno International Asa – slide 3
    Operational review Bijan Mossavar-Rahmani, Executive Chairman Page 3 4 February 2015 Fourth Quarter 2014 - Interim Presentation
  4. Q4 2014 RESULT – Dno International Asa – slide 4
    Operational review 2014 highlights Record output achieved in 2014 with gross production up 66 percent from 2013 to 117,482 barrels of oil equivalent per day (boepd) and company working interest (CWI) production up 76 percent to…
  5. Q4 2014 RESULT – Dno International Asa – slide 5
    Operational review 2015 preview DNO celebrated ten year anniversary in Kurdistan last year and remains fully committed to the region On track to increase Tawke field production capacity to 200,000 bopd in early 2015 Hit 100…
  6. Q4 2014 RESULT – Dno International Asa – slide 6
    Operational review CWI production Kurdistan local sales Kurdistan volumes delivered at Fish Khabur for transport to Ceyhan Oman Yemen 80,000 68,958 70,000 60,000 2,705 7,839 boepd 50,000 39,965 39,170 31,552 38,354…
  7. Q4 2014 RESULT – Dno International Asa – slide 7
    Operational review Tawke New 24 pipeline Current facilities capacity 125,000 bopd Planned increase to 200,000 bopd Tie-in to KRG export system Truck loading station Tie-in to federal export system Pumping station…
  8. Q4 2014 RESULT – Dno International Asa – slide 8
    Operational review Dohuk and Erbil Dohuk license Deliverability from the Summail field remains significantly lower than initially expected Summail-1 producing intermittently; evaluating enhancement options Erbil license…
  9. Q4 2014 RESULT – Dno International Asa – slide 9
    Operational review Oman and United Arab Emirates Oman Offshore at Block 8, gross production averaged 15,678 boepd in 2014; new development well under consideration to increase West Bukha oil and gas output Onshore at Block 36,…
  10. Q4 2014 RESULT – Dno International Asa – slide 10
    Operational review Tunisia and Yemen Tunisia At Sfax Offshore Exploration Permit, Jawhara-3 vertically drilled to a total depth of 2,815 meters and completed in January Douleb and Bireno formations water bearing in compartments…
  11. Q4 2014 RESULT – Dno International Asa – slide 11
    Financial review Haakon Sandborg, CFO Page 11 5 February 2015 Fourth Quarter 2014 - Interim Presentation
  12. Q4 2014 RESULT – Dno International Asa – slide 12
    Financial review Financial results key figures Revenues* Netback* Operating profit* USD million USD million USD million 600 600 270 244 525 230 503 500 500 190 452 150 117 400 369 400 110 68 327 70 26 286 30 300 300…
  13. Q4 2014 RESULT – Dno International Asa – slide 13
    Financial review 2014 revenue and gross profit distribution Revenues Gross profit USD million USD million Kurdistan Oman Yemen Kurdistan Oman Yemen 6 58 14 87 307 130 Page 13 5 February 2015 Fourth Quarter 2014 -…
  14. Q4 2014 RESULT – Dno International Asa – slide 14
    Financial review Financial summary USD Million Q4 2014 Q3 2014 Q4 2013 2014 2013 Sales 80.1 115.7 133.6 452.0 503.0 Cost of goods sold -81.6 -84.9 -48.4 -316.5 -208.3 Gross profit -1.6 30.8 85.1 135.5 294.7 Expensed…
  15. Q4 2014 RESULT – Dno International Asa – slide 15
    Financial review Investment program Capex and capitalized exploration Kurdistan Oman Yemen UAE Tunisia Other 297 288 300 250 197 200 150 100 75 50 0 2011 2012 2013 2014 Investments increased to USD 297…
  16. Q4 2014 RESULT – Dno International Asa – slide 16
    Financial review 2014 cash flow 600 251 500 -51 400 -19 300 266 200 -297 3 114 100 -39 0 Cash at start Cash from Income taxes Interest Exploration & Purchase of Other financial Cash at end period operations…
  17. Q4 2014 RESULT – Dno International Asa – slide 17
    Financial review Capital structure Cash deposits Financial assets Equity ratio USD million USD million 293 300 120 70% 266 107 259 60% 57% 250 100 55% 48% 50% 200 80 43% 63 63 40% 150 60 114 30% 100 40 20% 22 50…
  18. Q4 2014 RESULT – Dno International Asa – slide 18

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