Disclaimer The information contained in this presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the Companys current views with…
1 1H12 Results Overview 22 Company Prospects 3
1H12 Performance Highlights Financial Results Overview Markets and Performance Deepwater Business Development QHSE & Participation in Charity New Achievements in R&D Performance of the Four Segments 4
Financial Results Overview 1 RMB million 30 Jun 2012 30 Jun 2011 Change Revenue 10,010.6 8,139.2 23.0% Operating profit 2,949.3 2,607.2 13.1% Operating profit margin 29.5% 32.0% 2.5pp Net profit2 2,397.7 2,071.2 15.8% EPS (RMB…
Markets and Performance Domestic: core market, revenue up 16.3% Overseas: target markets, revenue up 40.6% North Sea Offshore China GOM Middle East Southeast Asia Australia Revenue breakdown: 68% from domestic…
Deepwater Business Development 12-streamer vessel HYSY981 Deepwater geotech survey vessel Deepwater AHTS vessel Deepwater business commenced operation in offshore China. Running and managing deepwater equipment with…
QHSE and Participation in Charity Performance on safety remains stable OSHA score at 0.27 Improved capabilities Environment protection Participated proactively in to respond to emergencies and reduced emission charity and public…
New Achievements in R&D A deepwater high-precision seismic 409 exploration technology, having collected over 4,000 km2 of qualified seismic data, 373 received with national technical acceptance Logging equipment successfully…
Performance of the Four Segments Involve in exploration, development and production Geophysical Drilling Well Services MS & T 34 drilling rigs logging, drilling fluids, 7 seismic vessels 72 utility vessels directional…
Performance of Four Segments Revenue by segments Operating profit by segments 21% 11% 10% 53% 14% 68% 11% 12% RMB million RMB million 4,000 12,000 10,011 1,241 3,000 2,949 8,139 20.9% 2,607 335 18.9% 8,000 1,401…
Drilling 1. New equipment added more operating days 92.8% 90.6% Four 200ft rigs added 484 more operation days COSLPioneer added 173 days HYSY981 added 133 days Fig. 1 2. Equipment structure further improved 1H2011 1H2012 No.…
Well Services 1. Operational volume rebounded 2. Quality of technical services Marketing the increases Technologies Self-developed ELIS-II Logging equipment in operation logging system entered 3. Significant inroads made the China…
MS & T 1. Self-owned fleets calendar-day utilization rate reached 90.9%, no. of operation days dropped 8.3% To retire 3 vessels and down 357 days Upgraded and modified 2 vessels into 35 geophysical vessels, down 362 days HYSY683,…
Geophysical 1. 3D geophysical operation volume and data processing recorded yoy growth of 37.4% and 88.7% respectively 13,659 9,938 2. New and high-spec equipment significantly improved operation capacity and efficiency Deepwater…
1 1H12 Results Overview 2 Company Prospects 16
Oil Prices and Oil&Gas CAPEX Crude Oil Resources Contribution Is expected to Deepwater will remain volatile increase contribution Global Oil & Gas Shows Strong Capital Expenditure Contribution from deepwater approaches…
Market Maintains Good Momentum Utilization rate and day rate of Jack-ups drilling rigs 180 100% 200 Jack-up Day Rates 90% 160 Day rate up of Count (USkpd) 120 Day rate down 80% 120 70% 80 No.Rig 60 60% 40 0…
Optimization of Equipment Structure Enhance capacity via construction or acquisition CAPEX Focus on high-spec deepwater equipment Target to achieve a balance of investments driven by demand 6 11…
Optimizing Equipment Structure Improving Drilling Capabilities Decreasing Average Fleet Age Rig Count Age: Years Over 50% of 25 22 35 34 fleet aged less 30 7 20 18 than 10 yrs 25 22 15 3 15 20 Over 50% 15 12 27 New High-10 10…
Contracts Confirmed for New Capacities 2012 2013 2014 COSLInnovator COSLPromoter Drilling COSLProspector Expected delivery in Q4 2014, with operation commencement in mid-2015 HYSY981 (1) Well Well services-related Service…
Deepwater Development Plan COSLPioneer Contour map of South Map of Pearl River Delta Basin Map illustrating operation locations China Sea Source: CNOOC Ltd of Semi-submersible Work closely with client's South China Sea…
Selectively Expand Into New Area Low- permeability oilfields; Business CBM: Completed wire-line logging services; Development Signed PSA contracts fracturing works; Shale Gas: Won tenders for providing logging services.…
Key Future Growth Drivers Improving in-house Adding New Capacities Technologies Optimizing Equipment Further Portfolio Internationalization Deepwater Operations Selective Development of Come to Life Unconventional Oil &…
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