P t l Petroleum Geo-Services G S i ASA Pareto Oil and Offshore Conference Jon Erik Reinhardsen, CEO and President Oslo, September 2, 2010
Cautionary Statement This presentation contains forward looking information Forward looking information is based on management assumptions and analyses Actual experience may differ, and those differences may be material Forward…
Leading Marine Geophysical Company Data New Marine MultiClient Operations Processing & Ventures Contract Technology Marine Diverse Productivity Technology New product market MultiClient leadership differentiation lines…
Strong Capital Discipline and Debt Reduction Net debt reduced by USD 607 Revolving g Credit Facility y Term loan B Arrow Facilities Convertible Bond Oslo Seismic Note million since Q2 2008 10% Senior Notes due 2010 Cash Debt…
Robust Financing at Attractive Terms Long term Interest Bearing Balance as of Total Credit Financial Covenants Debt June 30, 2010 Line USD 600 million Term Loan (TLB), USD 470.5 Incurrence test: total leverage Libor + 175 basis…
Expectations of Increased E&P Spending -7-
Modest Risk to E&P Estimates with Potential Upside 140 120.8 120 100 On the back of higher oil futures 80 68.3 53 77 7 77.7 87.0 in 10 vs. 09 the p planning gpprice 73.2 USD/bl 57.0 20.7 21.6 has increased…
Long Term Demand Keeps up with Supply Increase Total Marine 3D volume in '000 sq.km Expected Supply Increase 600 350 amers 500 300 Number of strea 250 400 '000 sq.km 200 300 150 200 N 100 100 50 0 0 Q1 Q2…
Solid Order Book Order book of USD 499 million Deliberate move to longer contract order book 1000 Marine contract order book 800 increased by USD 70 million from Q1 2010 Temporary reduction in order book USD million 600…
Favorably Positioned on the Industry Cost Curve Streamer count eamer per day 401-500 501-600 1-400 ative cash cost effficiency per stre Rela PGS Ramform Vessels Other PGS vessels Decomissioned vessels PGS position on…
New Acquisition with GeoStreamer Defines New Prospects New Prospect Sandstone GeoStreamer data Conventional data -13-
GeoStreamer Efficiency - Always Better Conventional streamer GeoStreamer LN0902 Weather downtime (hours) for period Dual-sensor Conventional 15th April 19th June 2009 Weather 62 hrs 405 hrs standby Red bars: Ocean…
Towards 50% GeoStreamer Capacity Current GeoStreamer Planned GeoStreamer operations rollout 3D Additional 3D vessels Atlantic Explorer Ramform Viking or similar (6 streamers*) scheduled for GeoStreamer Ramform Challenger upgrade Q1…
Commercial Breakthrough PGS Fiber-optic Technology Reservoir Monitoring in Brazil's deepwater Jubarte field for Petrobras Provide and install its OptoSeis(TM) p ( ) fiber-optic p system Perform seismic acquisition and data…
PGS hyperBeam: 300 Sq.km in Three Minutes Integrated, real time Velocity Model building solution Handles complex velocities (VTI, TTI) and geometries (WAZ, MAZ) Complete solution: Real time decision making workflow Real time…
Positioned for Market Recovery High oil price continue to point to strong and increasing sector capex spending Industry capacity still increasing, but at a slower rate in 11 and 12 GeoStreamer maintains technological leadership…
PGS Value Drivers Focused Marine seismic company Productivity & scale Best-in-class B ti l vessell portfolio tf li Leading 3D MultiClient library return Technology differentiator Unparallelled investments in quality and…
Loading...
