STRATEGIC OVERVIEW Steady progress across all of QGEPs operations: Production: Strong demand maintains gas production at maximum capacity at the Manati Field Development: FPSO to be onsite at Atlanta Field 14 months after the…
MANATI FIELD PRODUCTION Gas Production Net Revenue (Millions of m) (R million) 0.2% 5.4% 729.1 730.6 360.3 379.8 -5.4% -1.5% 258.1 244.2 128.2 126.3 9M13 9M14 3Q13 3Q14 9M13 9M14 3Q13 3Q14 3Q14 production averaged…
OPERATING COSTS, EXPLORATORY AND SG&A EXPENSES Operating Costs (R million) 174.5 151.5 47.3 57.6 3Q13 3Q14 9M13 9M14 Production Costs Depreciation Royalties R&D Maintenance Costs Special Participation Operating costs…
3Q14 FINANCIAL OVERVIEW Consolidated Financial Information (R million) 3Q14 3Q13 % Net income 42.5 75.2 -43.5% Amortization and depreciation 29.0 23.6 22.8% Net financial income (expenses) (20.1) (16.0) -25.7% Income tax and…
CAPEX 2014-2015 2014 capital expenditures: US130 million CAPEX to be spent on Blocks BS-4, BM-J-2, BM-S-8 and Blocks won in Round 11 2015 capital expenditures: US145 million CAPEX to be spent on Blocks BS-4, BM-J-2, BM-S-8,…
BS-4: SETTING THE STAGE FOR NEW OIL PRODUCTION FPSO bidding process in final stage of contracting Production at Atlanta to start in 1H16 at initial production of 25kbbl/day Tests at first two horizontal wells of Atlantas EPS…
NEW DEVELOPMENT AT BM-S-8 First Carcar appraisal well: First phase of drilling concluded in November Second phase planned to start in 3Q15 with a rig equipped with MPD, testing to follow Drilling and testing of another Carcar…
UPDATE OF OTHER ACTIVITIES Blocks Acquired in 11th ANP Bidding Round Contracting of 3D seismic data for the blocks awarded in the 11th Bidding Round progresses: Foz do Amazonas Basin: 3D seismic surveys performed by Spectrum and…
MAJOR MILESTONES AHEAD 2014 2015 2016-2017 2018-2021 BS-4: Bidding process for Drilling and testing of second Arrival of FPSO and First oil expected from the FPSO for Atlanta Field Carcar extension well to start first oil from the…
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…
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…