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Q2 2014 RESULTS – Qgep Participações S.A.

Qgep Participações S.A. · Aug 14, 2014 · 15 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. Q2 2014 RESULTS – Qgep Participações S.A. – slide 1
    August 14, 2014 Second Quarter 2014 Results
  2. Q2 2014 RESULTS – Qgep Participações S.A. – slide 2
    Agenda Performance Overview Financial Highlights Assets Update
  3. Q2 2014 RESULTS – Qgep Participações S.A. – slide 3
    2nd QUARTER OVERVIEW Average daily gas production from the Manati Field was 5.9MMm3 in 2Q14 and 6.0MMm3 in 6M14 Full year average production for Manati Field expected at 5.8MMm3 Final completion phase of first two producing wells…
  4. Q2 2014 RESULTS – Qgep Participações S.A. – slide 4
    Agenda Performance Overview Financial Highlights Assets Update
  5. Q2 2014 RESULTS – Qgep Participações S.A. – slide 5
    MANATI FIELD PRODUCTION Gas Production Net Revenue (Millions of m) (R million) 3.3% 9.2% 471.0 486.4 253.5 232.1 18.7% 25.9% 242.7 126.2 204.4 100.2 6M13 6M14 2Q13 2Q14 6M13 6M14 2Q13 2Q14 2Q14 production averaged…
  6. Q2 2014 RESULTS – Qgep Participações S.A. – slide 6
    OPERATING COSTS, EXPLORATORY AND SG&A EXPENSES Operating Costs (R million) 116.9 2.6 104.2 6.3 2.9 5.8 17.0 19.4 4.2 17.7 26.6 55.7 59.1 1.2 1.3 3.6 14.8 2.9 21.0 1.1 9.8 7.8 13.6 56.2 12.4 41.4 28.1 18.3 2Q13 2Q14…
  7. Q2 2014 RESULTS – Qgep Participações S.A. – slide 7
    2Q14 FINANCIAL OVERVIEW Consolidated Financial Information (R million) 2Q14 2Q13 % Net income 53.6 30.1 77.7% Amortization and depreciation 29.1 18.7 55.6% Net financial income (expenses) (20.6) (9.7) -112.9% Income tax and…
  8. Q2 2014 RESULTS – Qgep Participações S.A. – slide 8
    CAPEX 2014-2015 2014 capital expenditures: US125 million CAPEX to be spent on Blocks BS-4, BM-J-2, BM-S-8 and Blocks won in Round 11 2015 capital expenditures: US130 million CAPEX to be spent on Blocks BS-4, BM-CAL-12, BM-S-8 and…
  9. Q2 2014 RESULTS – Qgep Participações S.A. – slide 9
    Agenda Performance Overview Financial Results Assets Update
  10. Q2 2014 RESULTS – Qgep Participações S.A. – slide 10
    BS-4: GETTING READY FOR FUTURE PRODUCTION Testing of first and second horizontal wells of Early Production System indicate production capacities at high end of estimated range, close to 12Kbbl/d per well The activities related to…
  11. Q2 2014 RESULTS – Qgep Participações S.A. – slide 11
    BM-S-8: PRESENCE AT SANTOS BASIN PRE-SALT The drilling of the Carcar appraisal well is planned to start in the first quarter of 2015, with results by the end of the year Extended Well Test (EWT) is planned for 2017 First oil…
  12. Q2 2014 RESULTS – Qgep Participações S.A. – slide 12
    ACTIVITIES UPDATE Blocks Acquired in 11th ANP Bidding Round QGEP is in the process of contracting the 3D seismic data for the blocks awarded in the ANPs 11th Bidding Round in 2013: Foz do Amazonas and Esprito Santo Basin seismic…
  13. Q2 2014 RESULTS – Qgep Participações S.A. – slide 13
    MAJOR MILESTONES AHEAD 2014 2015 2016-2017 2018-2021 Start drilling Carcar appraisal First oil from the Atlanta First oil expected from BS-4: Bidding process well in the 1Q15 Field Carcar for the FPSO for Atlanta Field is…
  14. Q2 2014 RESULTS – Qgep Participações S.A. – slide 14
    CONTACT US Investor Relations QGEP Participaes S.A. Av. Almirante Barroso, n 52/sala 1301, Centro, Rio de Janeiro, RJ CEP: 20031-918 Phone - IR: 55 21 3509-5959 Fax: 55 21 3509-5958 E-mail: riqgep.com.br…
  15. Q2 2014 RESULTS – Qgep Participações S.A. – slide 15
    DISCLAIMER This document contains some statements and information about the Company that reflect the current views and/or expectations of the Company and its managers with regard to its activities. These include all statements…

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