Strategic partnership with Statoil and Norwegian asset acquisition 21 N November b 2011
Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Centrica shares or other securities securities. This presentation contains certain forward-looking…
Sam Laidlaw Chief Executive
Transaction overview Strategic partnership and Norwegian asset acquisition, significantly enhancing Centricas upstream scale 10 year, year NBP linked gas supply contract from 2015 2015, boosting energy security for the UK 1bn…
Gas supply contract 10 year NBP-linked NBP linked contract, commencing October 2015 5bcm per annum, seasonally weighted i ht d Secures sufficient gas to meet 5% of total UK demand demand, enough for 33.5m 5m British Gas…
Asset acquisition 1,525m (965m) transaction transaction* KvB pipe Focused portfolio of producing Kollsnes operated and non-operated assets in the h NNorwegian i sector first operated production assets in St. Fergus Norway…
Asset acquisition Increases 2P reserves by 117mmboe (29%1) and increases production by Centrica 2P reserves (mmboe)1 700 34,000 boe/day (25%) +29% 29% c70% gasgas, c30% liquids package includes producing Norway Kvitebjrn asset…
Production profile Production (mmboe p.a.) (mboe per day) 80 200 70 Future developments Newly 60 Under development acquired 160 Producing fields 50 Exploration Future developments 120 40 30 Under development 80…
Asset acquisition Attractive returns strong cash generation earnings profile reflects Norwegian t regime tax i and d assett d development l t profile Lengthens reserve life Strengthens the post-tax energy hedge Deploying…
Memorandum of Understanding Strategic partnership with leading Norwegian player MoU to consider exploration and production d ti partnership t hi iin existing i ti licences and new licensing rounds Further enhances attractive…
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