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STRATEGY UPDATE 2010 2014 – Galp Energia

Galp Energia · Feb 25, 2010 · 23 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. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 1
    STRATEGY UPDATE 2010-2014 February 25 2010 Extending success into new challenges Investor Relations
  2. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 2
    TOWARDS A FULLY INTEGRATED ENERGY COMPANY Strengthening Strengthening our our integrated integrated energy energy company company position position Assets in place Funding secured Growth Growth in in upstream…
  3. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 3
    UPSTREAM GROWTH Strategy update 2010 - 2014 Investor Relations
  4. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 4
    STRONG RESOURCE ADDITION IN 2009 1 Galp Energia resource base Bln boe Contingent resources Brazil (3C) Level of contingent Contingent resources Angola (3C) resources increased 45% Reserves proved and probable (2P) YoY, as…
  5. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 5
    RAMP UP PRODUCTION FROM TMBUA-LNDANAS CPT Tmbua-Lndana CPT Recoverable volumes of 32 Mln bbl net to Galp Energia Expected production of 90 kbpd in 2010 Peak production of 100 kbpd to be reached by 2011 3rd producing…
  6. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 6
    TUPIS PILOT PROJECT DEVELOPMENT ON TRACK Gross recoverable FPSO BW Cidade So Vicente volumes of 5-8 bln boe The EWT has produced more than 3.5 mln boe with well flow rate limited to 20 kbopd Total Tupi pilot capex of 3,7…
  7. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 7
    FULL TUPI AREA DEVELOPMENT MAJOR MILESTONES FPSO BW Cidade So Vicente Iracema and Tupi NE to further support the development of Tupi field Second module expected in Tupi area in YE2013 with a 120 kbopd FPSO Up to 8-10…
  8. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 8
    IARAS APPRAISAL WORKS ON GOING Seismic campaign Gross recoverable volumes of 3-4 bln boe One appraisal well schedule for 2010, followed by a DST in 2011 EWT on IARA planned for 2013 8 Investor Relations 8 Strategy…
  9. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 9
    KEY EXPLORATION WORKS IN PRE-SALT SANTOS BASIN Santos basin Three major discoveries: Jpiter (BM-S-24), Caramba (BM-S-21) and Bem-te-vi (BM-S-8) One exploration well to be drilled in each block in 2010 Bem-te-vi Jpiter…
  10. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 10
    ESPIRITO SANTO BASIN KEY WELL IN 2010 Location Galp Energia share of 20% in BM-ES-31 Evaluate prospective volumes in place Ambrosia post salt prospect currently being drilled Additional prospects in deeper…
  11. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 11
    INTENSIVE EXPLORATION/APPRAISAL DRILLING PROGRAM IN 2010 Brazil 2010 Santos BM-S-11 6A BM-S-8 1E Angola 2010 BM-S-21 1E BM-S-24 1E Block 14 2A Shallow Blocks 2E Block 32 2A Esprito Santo Angola LNG II 1E BM-ES-31 1E…
  12. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 12
    EXPLORATORY DRILLING TO DE-RISK PROSPECTIVE RESOURCES Galp Energia total resources Prospective resources (unrisked) Bln boe Contingent resources Brazil (3C) Prospective resource base Contingent resources Angola (3C) of 1.8 bln…
  13. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 13
    SOLID DOWNSTREAM BUSINESS IN IBERIA Strategy update 2010 - 2014 Investor Relations
  14. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 14
    UPGRADE PROJECT ON SCHEDULE Refining incremental EBITDA Porto conversion project: Energy efficiency Conversion project End of construction 2Q11 as is Steady production 3Q11 Sines conversion project: End of construction 3Q11…
  15. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 15
    MARKETING BUSINESS BENEFITING FROM IBERIAN FOOTPRINT Stability Synergies Growth Refining coverage by Network effects and Optimized marketing ratio near unlocked synergies distribution the 100% target above initial network to…
  16. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 16
    WELL POSITIONED TO CAPTURE NG MARKET GROWTH IN IBERIA Natural gas supply drivers Take advantage of Portuguese Increase in liberalized volumes natural gas market growth Volume Expect end of regulated tariff growth Volumes…
  17. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 17
    NG INFRASTRUCUTURE WITH STABLE CASHFLOW Natural gas regulated asset base Bln RAB increasing in line 0.2 0.3 with distribution 1.2 network development Stable cashflow generation well above 100 mln per year RAB Capex…
  18. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 18
    FINANCIAL HIGHLIGHTS Strategy update 2010 - 2014 Investor Relations
  19. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 19
    CAPEX PROFILE TO CHANGE FROM 2012 ONWARDS CAPEX 2010 - 2011 CAPEX 2012 - 2014 E&P E&P R&M R&M G&P G&P Downstream business Upstream will take its key responsible for major capex role on capex from 2012 until 2011 onwards…
  20. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 20
    GROWTH IN UPSTREAM SUPPORTED BY A SOLID IBERIAN DOWNSTREAM BUSINESS R&M R&M assets assets fit fit EBITDA growth driven by Iberian synergies, Upgrade project, Tmbua-Lndana, Tupi and further upstream projects EBITDA…
  21. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 21
    FUNDING IN PLACE FOR 2010-11 PERIOD Funding position 2010-11 Liquidity in place of 1.7 bln as of YE2009 Debt Cash flow1 repayment Additional flexibility from potential sale of natural gas distribution assets Liquidity…
  22. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 22
    GALP ENERGIAS KEY STRENGHTS MOST MOST LEVERAGED LEVERAGED PLAYER PLAYER TO TO PRE-SALT PRE-SALT IN IN BRAZIL BRAZIL Attractive project pipeline Strong E&P portfolio with upside STRONG STRONG IBERIAN IBERIAN Oil Oil &…
  23. STRATEGY UPDATE 2010 2014 – Galp Energia – slide 23
    STRATEGY UPDATE 2010-2014 FEBRUARY 25 2010 Tiago Villas-Boas Investor Relations Officer tiagovbgalpenergia.com T: +351 21 724 08 66 Extending success into new challenges www.galpenergia.com F: +351 21 724 29 65

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