Skip to main content Q3 2014 EARNINGS CALL – Ecopetrol S.A. Investor Presentation | Shale Experts
Loading...
Pm

Q3 2014 EARNINGS CALL – Ecopetrol S.A.

Ecopetrol S.A. · Nov 4, 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. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 1
    Operational and Financial Results 3rd Quarter of 2014 Nov. 4/ 2014
  2. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 2
    Management Participants Javier Gutirrez Magda Manosalva CEO CFO Ecopetrol Ecopetrol Hector Manosalva Adriana Echeverri VP of Development and Production VP of Growth & Strategy Ecopetrol Ecopetrol Pedro Rosales Alberto Vargas…
  3. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 3
    Agenda 1. Highlights 2. Operational Update 3. Financials 4. Outlook for 4Q 2014 5. Q&A 4
  4. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 4
    Highlights 1 discovery in the Gulf of Mexico (U.S.): Leon Well Exploration 5 blocks awarded in 2014 ANH Colombia Round Mr. Max Torres appointed as Exploration Vice-President Increase in production vs. 2Q 2014: +2.8% (+20 mboed)…
  5. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 5
    Investment (Jan Sep 2014)* (US million) Allocation Key projects 5,593 Facilities in Rubiales, Quifa and Casabe fields Production: 48% Expansion of Acacias Station Water treatment facility in Chichimene field 2,687 Cartagena…
  6. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 6
    Upstream Exploration A3 Wells (Jan-Sep) Highlights: Country Drilled Success Evaluation Dry 1 discovery in the GoM (U.S.): Leon Well Colombia (EC + Hocol) 17 1 4 12 5 blocks awarded in 2014 ANH Round (1 off shore) U.S. (Gulf of…
  7. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 7
    Secondary Recovery Pilots (Non Thermal) Pilots per Regions in 2014 Schedule (as of Sep 30) Highlights 1Q 2Q 3Q 4Q Beginning of six pilots in 2014 Mid Mag & 2 1 2 5 Catatumbo 3Q: Two pilots started Palo Grande (CEOR) Provincia…
  8. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 8
    Tertiary Recovery (Thermal recovery in heavy oil fields) Pilots in Colombia: Teca-Cocorn 2013 2014 2015 2016 2017 2018 2019 2020 2021 onwards Chichimene Air Injection Chichimene Other fields Steam Injection Teca-Cocorn Pilot…
  9. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 9
    Mid & Downstream Midstream Volumes Transported by Cenit (mbd) Highlights: 1,174 1,232 252 Increase in transported volumes : + 5% vs. 3Q/2013 243 932 980 Rising volumes in Ayacucho - Covenas oil line (increasing volumes from…
  10. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 10
    * Net Income Drivers 3.97 Net 2.36 -0.94 Income +0.33 (COP tn) -0.60 -0.25 -0.16 3Q-2013 Price FX Transport Affiliates Others 3Q-2014 Fees Lower sales prices (crude, product and gas) due to decrease 1. Price Decrease in…
  11. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 11
    Income Statement Drivers (COP Tn) * 3Q/2014 vs. 16.22 14.58 3Q 2013 +0.05 -0.40 -1.15 Revenues -0.14 -1.64 (-) 3Q-2013 Volumes Price Other FX 3Q-2014 7.85 7.33 Variable -0.47 +0.26 +0.01 -0.53 (+) -0.21 -0.12 costs 3Q-2013…
  12. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 12
    * Key Financial Results (COP tn) 50% 8.2 38% 3Q/2014 vs 3Q/2013 5.5 Ebitda and Ebitda Margin -2.7 3Q-2013 3Q-2014 6.0 3.3 -2.8 Pre-Tax Income 3Q-2013 3Q-2014 2.1 0.9 -1.1 Income Tax 3Q-2013 3Q-2014 25% 4.0 16%…
  13. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 13
    4Q 2014 Outlook Finalize drilling of 4 wildcats and complete the 2014 drilling campaign Assessment of wildcats: Exploration Colombia: Orca (offshore) and Nueva Esperanza (CPO-09) International: Jacar (Angola) 18 mboed production…
  14. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 14
    Investor Relations Phone (+ 571) 234 5190 Email investorsecopetrol.com.co Website www.ecopetrol.com.co 15 15
  15. Q3 2014 EARNINGS CALL – Ecopetrol S.A. – slide 15
    Ecopetrol S.A. All rights reserved. The re production of this presentation is forbidden without the written authorization of Ecopetrol S.A.

From the store

Browse maps, data & reports in the Shale Experts store