DNO INTERNATIONAL ASA Pareto Securities 2009 Oil & Offshore Conference
DNO Fast Facts Corporate Listed on the Oslo Stock Exchange Reserves 904 million shares outstanding 1st 2nd 3rd MCAP NOK 5,6 billion 160 Kurdistan Region of Iraq 120 MMBOE Entry in 2004 80 Three licenses, one producing asset…
2009 YTD summary Shift towards production and near term developments Completed remaining work to prepare Tawke Field for export Bayoot development on track for completion in 2009 Delivered increased production towards the end of second…
Production and reserves (Working Interest) Average production Reserves and resources (2P)* 50,000 200 Kurdistan: Export Kurdistan: Local sales Yemen 13.1 45,000 180 2.5 178.3 40,000 160 162.6 35,000 140 30,000 120 bopd…
Operations Det norske oljeselskap ASA PL1067 Tawke Benenan (Hawler) Dohuk Sharyoof Tasour Nabrajah Bayoot Block 32, 43, 44, 47, 52, 53, 72 and 84 Block P Inhaminga Pareto Securities 2009 Oil & Offshore Conference…
5 years from entry to full scale production Agreement Seismic Drilling, Tawke 1 Tawke test production Tawke export 2004 24 months from entry to rst discovery 2006 2006 36 months from rst discovery to full scale production 2009…
Successful start-up of crude oil export from Kurdistan Start-up of export in line with agreed step-up plan Production prole Tawke 60,000 Export Local sales Currently Tawke delivers around 50,000 bopd with 45,000 bopd for export…
Tawke a Fast Track and Robust project TAWKE KEY FACTS (Gross gures to date) P50 Reserves (MBOE) 230 Finding & Development costs Phase I (USD Million) - Facilities (CPF, pipeline, topping plant, metering station, tie-in, export) 136 -…
Historical production from Yemen Key Facts 50 Gross WI Gross WI 100 Entry in 1998 45 90 40 80 First oil in 2000 35 70 Cumulative oil volumes produced to date Thousand bopd Milllion barrels 30 60 Gross: 87 million…
New ventures From current core areas Develop current positions in proven basins, known and new plays Follow potential extensions of proven plays into adjacent basins Potential outside Kurdistan and Yemen Pursue entries into frontier…
Highly ranked in the MEA region* 3-year F&D cost (2006-2008) 3-year reserve replacement (2006-2008) BASF AG DNO Marathon Tullow DNO Pioneer Apache Corp. Hess Total TransGlobe Repsol Occidental Occidental Apache Corp. Noble Energy…
HSE Summary Continued positive trend through Q209 HSE performance trends No serious incidents year to date 12 Lost Time Incident Frequency* Vehicle Incident Frequency* 10 Total Recordable Incident Frequency* KPIs by end of second…
FINANCIALS
Financial summary Sales EBITDAX and EBITDA Netback 450 350 250 Tawke export Exploration Tawke export Sales Tawke export Netback 400 300 EBITDA 200 350 250 300 150 NOK million NOK million NOK million 250 200 100 200…
Investment summary Total investment per activity Investments reduced 1,800 Development Exploration Signicantly lower investment level in 2009 1,600 Committed 2009 investment 1,400 program completed in rst six months 1,200…
Capital structure Assets Equity and liabilities 6000 Non-current assets Cash and cash equivalents 6000 Shareholders equity Non-current liabilities Other current assets Current liabilities 5000 5000 Cash: NOK 210 million 4000…
DNO bond-loans Annual bond maturity Long-term bond nancing 1,800 NOK USD Low renancing requirements in 2009-2010 1,600 86% of bond debt has maturity in 2012 74 % of total bond debt in USD 1,400 Net interest-bearing debt at USD 2,00…
Summary and closing remarks With commencement of export from Tawke a historical milestone is met Strong technical execution of crude oil exports and production build-up at the Tawke eld Payment procedures for Tawke exports still…
Diclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are…
Loading...
