ELECTROMAGNETIC GEOSERVICES Madrid, EAGE conference, June 2015
EMGS today The leading provider of electromagnetic (EM) services Electric resistivity has been used for centuries in well logs.. Resistivity [m] A unique and proven technology 3D platform Resistivity log -1 10 0 10 1 10 2 10…
Uniquely positioned for growth Growing the market Operational Increase adoption excellence New customers Stable operations, Technology and low downtime market leadership Scalable and flexible Unique and proven…
Multi-client an important part of EMGS business model A proven business model Multi-client revenues amounted to 31% of 2014 revenues Increased share of revenue 31% Access to seismic data important Creating regional and strategic…
Well positioned multi-client library in key regions Canada Norway 2,500 sq.km 52,000 sq.km USD 9 million invested USD 51 million invested USD 2.5 million sold USD 167 million sold US GoM 5,400 sq.km USD 13 million invested USD 7…
Profitable multi-client investments Multiclient Key Figures by Vintage Multiclient Key Figures by Region 80 80 180 160 160 70 70 140 140 60 60 120 120 Amounts in USD'(millions) Amounts in USD'(millions) 50 50 100…
Overview first quarter 2015 Revenues and revenues/costs per vessel month (USD Million) EBITDA (USD Million) 60 7 25 Contract Multi-client Costs per vessel month Revenues per vessel month 6 50 20 5 40 15 4 30 3 10 20…
Capital Structure Balance sheet as at 31.03.15 (USD million) Cash at USD 38.9 million, up from USD 26.6 million 250 end of previous quarter - Trade receivables decreased by USD 27.1 million 200 USD 47.9 million to USD 38.5 million -…
Market and outlook
License round activity key drivers for EMGS revenue Canada - Annual licensing round, close Nov US Gulf of Mexico - Annual licensing round, western area close Aug - Annual licensing round, eastern area close March Norway Indonesia…
North and South America region Uruguay Contract with BG Group completed 17 April Total revenue of USD 28 million US Gulf of Mexico Daybreak US GoM Radiant US GoM Lightning Bolt US GoM Mexico Working on both contract and multi-client…
North and South America region examples from Brazil Data set from Brazil indicates that EM is a good indicator for predicting outcome of wells 1900 sq.km 3D EM in Sergipe Alagoas basin 18 well locations within EM sensitivity window…
EMEA and Asia Norway 7324/7-2 7324/7-1 7324/8-1 Barents Sea/ completed MC campaign New campaign/ APA related Deadline for applications 2 September 23rd licensing round main driver for sales revenue in Norway in 2015 Expect related…
Summary and outlook Demand for geophysical data has declined in the first quarter and outlook remains uncertain Delays in contract negotiations, used opportunity to invest in well positioned multi-client projects Target spesific…
Questions
Appendix
Diversified portfolio with different characteristics EMGS multi-client project portfolio Return…
Income statement USD million Quarter ending Year ending 31.03.2015 31.03.2014 31.12.2014 31.12.2013 Contract sales 22.1 46.4 137.2 111.3 Multi-client sales 10.2 14.9 60.8 33.3 Total revenues 32.3 61.3 198.0 144.6 Charter hire, fuel and…
Financial position USD million Period ending ASSETS 31.03.2015 31.03.2014 Goodwill 14.4 14.4 Deferred tax asset 3.0 1.9 Multi-client library 40.1 28.0 Other intangible assets 3.0 2.9 Property, plant and equipment 16.8 24.3 Assets under…
Cash flow USD million Period ending 31.03.2015 31.03.2014 Net cash flow from operating activities 28.1 (0.7) Net cash flow from investing activities (14.6) (9.7) Net cash flow from financial activities (0.5) 2.2 Net…
Largest shareholders (as of 6 May) Shareholder Shares Holding 1 SIEM INVESTMENTS INC 22,926,866 11.48 2 PERESTROIKA AS 18,889,449 9.46 3 Morgan Stanley & Co. MS & CO LLC MSCO CLI 18,582,500 9.30 4 ODIN OFFSHORE 9,651,299 4.83 5…
Vessel charters and yard stays BOA Thalassa BOA Galatea Atlantic Guardian EM Leader Firm Charter December 2015 July 2016 1 March 2016 8 December 2016 Options 1 x 1 year 3 x 1 year 2 x 1 year Vessel owner BOA Offshore BOA…
Electromagnetics in the E&P workflow Gravity/ Magnetics Detailed 2D seismic 3D seismic Production data Regional 2D seismic Lease Sale Borehole data 4D seismic Basin Frontier Exploration Development Production Abandonment…
Loading...
