Operational and Corporate Highlights Dr Abdul Jaleel Al Khalifa, CEO Our production & exploration sites Our offices Delivering for the future
Dragon Oil Today The Cheleken Contract Area, offshore Turkmenistan, our main producing asset (100% interest) where we have 55% interest in the operated for almost 15 years Bargou Exploration Permit, Tunisia Turkmenistan…
Dragon Oils Strategy Organic growth: exit 2015 at a production target of 100,000 bopd and plateau for five years Diversification in Africa, Middle East The Dzheitune (Lam) B platform. and Asia 5 Delivering for the future…
Key Highlights (2014 1Q 2015) Production growth 1Q 2015 AVERAGE GROSS PRODUCTION 6.8% growth in 2014 to 78,790 bopd December 2014 average gross production of 88,700 bopd 89,680 bopd; 2014 exit rate of 92,008 bopd reached 1Q 2015…
Reserves and Resources in the Cheleken Contract Area AS AT 31 DECEMBER 2014 AS AT 31 DECEMBER 2013 Proved and Probable Remaining Oil and Condensate Gas Oil and Condensate Gas Recoverable Reserves million barrels TCF million barrels TCF…
Discoveries in Iraq OIL 2C CONTINGENT RESOURCES, FORMATION TEST RATE QUALITY DEPTH net on a working interest basis 32/64 64/64 198 million barrels of oil MISHRIF 2,000 bopd 3,400 bopd 20 API 2,700m 56 Bscf of gas Pending a report…
Diversification: Two Onshore Blocks in Algeria Contract for the exploration and exploitation of hydrocarbons ALGERIA signed on 29 October 2014 MSARI AKABLI BLOCK TINRHERT NORD BLOCK 30% paying interest In partnership with ENEL…
Financial Strength US1.9bn in cash and cash US cents Dividends per share per share equivalents and term 40 deposits, excluding funds set 35 Interim Final aside for abandonment and 30 decommissioning activities, 16 as of 31…
Rigs Deployment in 2015 Status Jack-up rig Elima Contracted until May 2016 Jack-up rig Neptune Contracted until Mercury is ready to replace Neptune Caspian Driller jack-up rig Five-year initial contract + a two-year optional…
Infrastructure Highlights Fabrication of Dzheitune (Lam) E platform and associated pipelines commenced Dzheitune (Lam) F platform in the central part of the Dzheitune (Lam) field substantially completed Quadrupling of our crude…
Surface Facilities: New Well Slot Preparation Challenges No space on existing platforms Structural adequacy to be checked Additional topside facilities to be created Additional instrumentation & control system to be installed…
Surface Facilities: New Water Bath Heater at CPF Objective Observed problems To increase the incoming fluid Insufficient heating for incoming fluid temperature by 25-30C at CPF leading to process issues, especially during winter…
Surface Facilities: New Added Equipment at CPF Enabled accommodating the Slug and availed sparing capacity at the CPF New Finger Type Slug Catcher & Three-Phase Separator 5TH Heater Treater with Pre-Heat Exchanger 15 Delivering…
Secondary Oil Recovery: Artificial Lift Objective is to increase production and enhance recovery Artificial lift application commenced in June 2013 with installation in two wells Jet pumps installed in two more wells in 2014…
Secondary Oil Recovery: Water Flood Objective is to increase reserves, increase production rate and extend plateau Pilot water injection project ongoing at the Dzheitune (Lam) 75 area Plans to expand to other platforms in 2015…
Subsurface Techniques: Expandable Sand Screen Expanded screen Standard screen Lam 28/179 7 ESS Lam 13/199 Standard 5.5 Completion inside 8.5 OH: MeshRite inside 9-5/8Casing: ESS set across 98m of Perforated 103.5 net pay…
Subsurface Techniques: RT Scanner Technology for Thin Lamination GR Rv P40 D-N Sw RT Scanner can resolve thin lamination and calculate resistivity vertical (Rv) In anisotropic formation it enables to calculate correct hydrocarbon…
Low Resistivity Pay Technology (LRP) LAM 13/135 well - Campaign to perforate LRP zones leads to more production gain LRP (500 bopd) per well 20 Delivering for the future Dragon Oil plc
Gas Evaluation of bids to select a contractor Strip condensate for sale and target for EPIC of the Gas Treatment Plant long-term gas sales agreement or other ongoing with award expected in due alternatives course 2015 2015-19…
Marketing of Crude Oil Diversification achieved: one-year agreement with two buyers for all anticipated entitlement export production in 2015 FOB (free-on-board) the Aladja Jetty, Turkmenistan exporting via Baku, Azerbaijan and…
Our Talent 1,900 professionals 93% of workforce in Turkmenistan are local people 475 people joined in 2014 Dragon Oil team in Ashgabat. 98% RETENTION RATE Dragon Oil employees in Dubai. ACROSS THE GROUP 23 Delivering…
Training and Development In-house and external training programmes Partnerships with educational institutes in the region More employees have enrolled to receive assistance with higher education tuition fees Fire fighting…
Health & Safety LTIF IMPROVED The Group continued to FURTHER TO 0.6 operate without fatalities or major accidents Significant increase in the number of HSE-focused training courses HSE training. HSE training. 25 Delivering…
Investment in Community Allocation of approximately US10mn annually for jointly identified social projects and training programmes School in Hazar, Turkmenistan. 26 Delivering for the future Dragon Oil plc
2014 Financial Results Tarun Ohri, Director of Finance Delivering for the future
2014 Financial Highlights Revenue Net Profit Cash Balance US1.1bn US650.5mn US2.0bn Production growth Final dividend of Self-financing of 16 US cents per share development & Lower realised oil prices for 2014 exploration…
2014 Financial Highlights Strong balance sheet USmn 2014 2013 CHANGE allows us to Revenue 1,093.1 1,047.9 4% Operating profit 578.6 687.7 -16% Continue with the development of the Cheleken Net profit 650.5 512.6 27% Contract…
2014 Cash Flow Cash and term deposits total US1,924mn Abandonment and decommissioning fund as at 31 March 2015 totalled US664mn Net cash from operations higher by 26% Cash and term deposits totalled US1,975mn Total capital…
2014 Capital Expenditure 1Q 2015 72 76 5 Infrastructure 2014 332 295 52 Drilling Exploration activities 2013 121 151 59 Drilling (44%) 14 development and appraisal wells, including two sidetracks, completed Infrastructure…
Outlook Dr Abdul Jaleel Al Khalifa, CEO Delivering for the future
Production Target annual production growth of around 10+% in 2015 and exit 2015 at 100,000 bopd Maintain this rate as plateau for at least five years Water injection at more platforms Jet pumps in 12 more wells The…
Drilling Complete between 15 and 20 wells a year in 2015 and in 2016 Four drilling rigs (three jack-up and one platform-based rigs) in 2015 Caspian Driller is being commissioned for commencement of drilling operations in 2Q…
Infrastructure Installation of the Dzheitune (Lam) F platform ongoing Fabrication and installation of the Dzheitune (Lam) E platform US500mn to US600mn estimated capital expenditure for infrastructure and drilling excluding…
Diversification Two appraisal wells in Block 9, Iraq Re-processing of existing 2D seismic data in East Zeit Bay, Egypt Airborne gravity and magnetic data acquisition in Afghanistan 36 Delivering for the future Dragon Oil plc
Investor and analyst enquiries Dragon Oil plc Anna Gavrilova + 44 20 7647 7804 agavrilovadragonoil.com irdragonoil.com Media enquiries Citigate Dewe Rogerson Martin Jackson +44 20 7638 9571 Joint Corporate Brokers Davy Thank…
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