Investor Presentation June 2015 Delivering value from discovery and development
Investor Presentation, June 2015 3 Strategy Balanced Mature basin exploration and development Business Model Frontier and emerging basin exploration Core development assets through to free cash flow Fully Funded Value-add…
Investor Presentation, June 2015 4 Strategy Consistent Strategic Delivery for more than 20 Years Experienced and successful exploration, appraisal and development operator Operations conducted onshore and offshore, shallow and…
Investor Presentation, June 2015 5 Creating Growth Through Exploration Significant acreage positions with technical and commercial value Range of opportunities with appropriate spectrum of risk Material discoveries and…
Investor Presentation, June 2015 6 Exploration Atlantic Margin Geological Focus illustrative geological reconstruction Countries of the world 175 million years ago Senegal one licence, three blocks Morocco Mauritania Republic of…
Investor Presentation, June 2015 7 Senegal Basin Opening Discoveries Proven hydrocarbon system in new Atlantic Margin basin Forward programme submitted to Government of Senegal last week: Appraisal and exploration drilling - 3 firm…
Investor Presentation, June 2015 8 Senegal 2015 Operations Operations to commence Q4 2015 Total Acreage 7,490km2 2015 work programme: Three wells (two appraisal, one exploration) and 3D seismic Rig selected Environmental and…
Investor Presentation, June 2015 9 Senegal Discovery and Appraisal 2D Seismic schematic FAN-1 SNE-1 Active petroleum system with world class source Basin Shelf rocks proven by FAN-1 and multiple plays FAN-1 and SNE-1 discoveries in…
Investor Presentation, June 2015 10 Senegal SNE Field Forward Programme Ocean Rig Athena SNE-1 Appraisal Objectives Drilling of optimum appraisal wells Coring and testing of the reservoir: Determine reservoir continuity and…
Investor Presentation, June 2015 11 Senegal SNE-1 Appraisal Target Considerations Central Location Velocity control depth mapping DST of key reservoir zones North Flank Evaluate all reservoir zones Core (and/or DST) North Flank…
Investor Presentation, June 2015 12 Senegal FAN-1 Forward Programme Amplitude Depth Map FAN Appraisal Seismic reprocessing and reservoir characterisation Ongoing analysis of rock and fluid samples, well log data Remapping of the…
Investor Presentation, June 2015 13 Senegal Future Exploration Programme Confirmation of source rock and burial history from new data Remapping key reservoir and source RUFISQUE LEAD 1 intervals FAN-1 Discovery Redefining basin…
Investor Presentation, June 2015 14 Senegal Cairn Prospects and Leads Inventory Currently 5 prospects and 18 80% Cairn Prospects and Leads - Probability of Commercial Success leads Bellatrix LEADS Sum of gross mean 70% PROSPECTS…
Investor Presentation, June 2015 15 Senegal Discoveries, Appraisal and Exploration SNE-1 discovery: Gross Contingent Resources 1C: 150mmbo 2C: 330mmbo 3C: 670mmbo FAN-1 discovery: Large in place volume (STOIIP P50: 950mmbbls) Hub…
Investor Presentation, June 2015 16 Development From Discovery to Development Evaluation programme aims to confirm volumes, connectivity and productivity Preliminary foundation development concept for SNE Standalone FPSO (Floating…
Investor Presentation, June 2015 17 Senegal Development Concept Potential Foundation Project Concept will depend on a number of factors: Fluid type(s) Scale of resources and location Operating philosophy Reservoir management plans…
Investor Presentation, June 2015 18 Finance Senegal Notional Development Scenario For 330mmbbls Standalone SNE Field 2,000 120 120,000 Development expenditure: 1,800 Dependent on concept solution and scale of resources 100…
Investor Presentation, June 2015 19 Finance Senegal Economic Scenarios For 330 mmbbls Standalone SNE Field 18 40% 16 IRR10 Breakeven:…
Investor Presentation, June 2015 20 Senegal Doing Business in Senegal Third year of investment with strong relationships at all levels of Government Government Senegal is a stable democracy with an important regional role Dakar US…
Investor Presentation, June 2015 21 UK and Norway Developments and Exploration in Mature and Emerging Basins Barents Sea 3 Field developments Catcher (20%), Kraken (25%) and Skarfjell (20%) Norwegian Sea First oil 2017 from…
Investor Presentation, June 2015 22 UK and Norway Catcher Premier (Operator) 50%, Cairn 20%, MOL 20% and Dyas 10% Development Schematic FPSO facility currently under construction in Singapore capable of processing 60,000 bopd…
Investor Presentation, June 2015 23 UK and Norway Kraken EnQuest (Operator) 60%, Cairn 25% and First Oil 15% FPSO deck construction FPSO vessel capable of processing 80,000 bopd, is currently under construction in Singapore…
Investor Presentation, June 2015 24 Finance Funding to End 2017 1,400 1,200 1,000 800 USm 600 400 200 0 Cash Reserve Base Catcher Kraken Committed Further 2017 Free at Year End Lending devex devex E&A programme…
Loading...
