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2000 PRELIMINARY RESULTS – Premier Oil

Premier Oil · Mar 12, 2001 · 24 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. 2000 PRELIMINARY RESULTS – Premier Oil – slide 1
    2000 PRELIMINARY RESULTS PRESENTATION 12th March 2001
  2. 2000 PRELIMINARY RESULTS – Premier Oil – slide 2
    2000 Preliminary Results Presentation PRESENTATION Introduction and Overview Sir David John Results John van der Welle Operations Richard Liddell Strategy and Outlook Charles Jamieson Make a Difference
  3. 2000 PRELIMINARY RESULTS – Premier Oil – slide 3
    2000 Preliminary Results Presentation HIGHLIGHTS Return to profits Outstanding exploration & appraisal results Growing reserves base Developments on track Strengthened board & management Make a Difference
  4. 2000 PRELIMINARY RESULTS – Premier Oil – slide 4
    2000 Preliminary Results Presentation RESULTS Make a Difference
  5. 2000 PRELIMINARY RESULTS – Premier Oil – slide 5
    2000 Preliminary Results Presentation RESULTS OVERVIEW Production 27.3 mboed (1999 : 29.1 mboed) Operating profit 35.2 million (1999 : loss 6.3 million) Net profit 6.1 million (1999 : restated loss 27.7 million) Treatment of…
  6. 2000 PRELIMINARY RESULTS – Premier Oil – slide 6
    2000 Preliminary Results Presentation ACCOUNTING ISSUES SORP (Accounting for Oil & Gas) - Yetagun Take or Pay record a liability account until make-up gas delivered (para 130 (b)) - Revenue deferred 11.8 million - Net profit…
  7. 2000 PRELIMINARY RESULTS – Premier Oil – slide 7
    2000 Preliminary Results Presentation PROFIT & LOSS ACCOUNT 2000 1999 (restated) Production (mboepd) 27.3 29.1 Excludes Yetagun ToP Realised oil price (/bbl) 21.62 14.93 (SORP) Realised gas price (/mcf) 2.64 1.87 m m Hedging…
  8. 2000 PRELIMINARY RESULTS – Premier Oil – slide 8
    2000 Preliminary Results Presentation CASHFLOW 2000 2000 1999 (Incl. JVs) (As reported) (As reported) m m m Net cashflow from operations 52 42 32 Increase in line with higher net revenues Net interest (17) (17) (22) Taxation (17)…
  9. 2000 PRELIMINARY RESULTS – Premier Oil – slide 9
    2000 Preliminary Results Presentation BALANCE SHEET 2000 2000 1999 (incl. JVs) (As reported) (As restated) m m m Cash 30 27 154 Debt 475 347 325 Net debt 445 320 171 Shareholders funds 290 NA NA Gearing ratio 153 % NA NA…
  10. 2000 PRELIMINARY RESULTS – Premier Oil – slide 10
    2000 Preliminary Results Presentation PRODUCTION AND CAPITAL EXPENDITURE 80,000 160 140 60,000 120 Production (boepd) Capex million 100 40,000 80 60 20,000 40 Production 20 Capital Expenditure 0 0 2000 2001…
  11. 2000 PRELIMINARY RESULTS – Premier Oil – slide 11
    2000 Preliminary Results Presentation OPERATIONS Make a Difference
  12. 2000 PRELIMINARY RESULTS – Premier Oil – slide 12
    2000 Preliminary Results Presentation OPERATIONS HIGHLIGHTS Production performance World class developments Exploration successes Reserves enhancement Make a Difference
  13. 2000 PRELIMINARY RESULTS – Premier Oil – slide 13
    2000 Preliminary Results Presentation PRODUCTION DELIVERING OPERATIONS PERFORMANCE 80,000 Production 60,000 Production (boepd) 40,000 20,000 0 2000 2001 2002 2003 2004 Make a Difference
  14. 2000 PRELIMINARY RESULTS – Premier Oil – slide 14
    2000 Preliminary Results Presentation MYANMAR YETAGUN WORLD CLASS DEVELOPMENTS 650 million major project (Premier 26.7%) Premier operated Delivered on time, on budget Expected to deliver DCQ within 2001 Paid on time for gas…
  15. 2000 PRELIMINARY RESULTS – Premier Oil – slide 15
    2000 Preliminary Results Presentation INDONESIA WEST NATUNA WORLD CLASS DEVELOPMENTS Anoa Platform KF Platform IA SI A YS LA NE MA DO Major platform and pipeline project IN E K LIN 22 year contract 325 mmscfd…
  16. 2000 PRELIMINARY RESULTS – Premier Oil – slide 16
    2000 Preliminary Results Presentation PAKISTAN Zamzama (Premier 9.4%) - Reserves over 2 tcf - Phase I production on schedule for April 2001 Qadirpur (Premier 4.75%) - Facilities upgrade on stream 2003 Zamzama early gas…
  17. 2000 PRELIMINARY RESULTS – Premier Oil – slide 17
    2000 Preliminary Results Presentation UNITED KINGDOM KYLE AND CHESTNUT APPROXIMATELY 12Km TOBANFF FPSO North Kyle Drill Centre Well 29/2c- TZ Tee Protection Frame Kyle (Premier 35%) Control Umbilical T Connection…
  18. 2000 PRELIMINARY RESULTS – Premier Oil – slide 18
    2000 Preliminary Results Presentation EXPLORATION AND APPRAISAL WELLS IN 2000 7 SUCCESSES FROM 12 WELLS U.K. West Natuna Gajah Baru Kyle Naga Iguana Natuna Sea Pakistan Pangkah Zarghun South Sidayu Ujung…
  19. 2000 PRELIMINARY RESULTS – Premier Oil – slide 19
    2000 Preliminary Results Presentation OIL AND GAS RESERVES (END 2000) Booked Reserves 488 mmboe Unbooked Reserves 114 mmboe 114 mmboe Chestnut 5 mmboe Myanmar 100 (177 mmboe) Block A 46 mmboe Un se mb 80 bo rve oe Re 4…
  20. 2000 PRELIMINARY RESULTS – Premier Oil – slide 20
    2000 Preliminary Results Presentation STRATEGY and OUTLOOK Make a Difference
  21. 2000 PRELIMINARY RESULTS – Premier Oil – slide 21
    2000 Preliminary Results Presentation RESERVES GROWTH 700 Unbooked 600 Booked 500 400 mmboe 300 200 100 0 1996 1997 1998 1999 2000 Note: Working interest proved and probable basis Make a Difference
  22. 2000 PRELIMINARY RESULTS – Premier Oil – slide 22
    2000 Preliminary Results Presentation PORTFOLIO DELIVERY 1996 2000 A PORTFOLIO THAT HAS DELIVERED 1996/2000 Reserves added - Booked 346 mmboe - Unbooked 114 mmboe Gas commercialised Yetagun West Natuna Qadirpur Bhit…
  23. 2000 PRELIMINARY RESULTS – Premier Oil – slide 23
    2000 Preliminary Results Presentation LOOKING FORWARD Focus - Realising the cashflow - Commercialising unbooked gas reserves - The alliance Targets - Indonesia - 2nd sale from West Natuna - Gas contract from Pangkah -…
  24. 2000 PRELIMINARY RESULTS – Premier Oil – slide 24
    2000 Preliminary Results Presentation SUMMARY Improved financial outlook Sustained higher production Gas commercialisation Delivering value for shareholders Make a Difference

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