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Q2 2011 RESULTS – OGX Petroleo

OGX Petroleo · Aug 11, 2011 · 19 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. Q2 2011 RESULTS – OGX Petroleo – slide 1
    OGX: 2Q11 Results
  2. Q2 2011 RESULTS – OGX Petroleo – slide 2
    2Q11 Highlights and Subsequent Events First oil expected in October/November 2011 Horizontal well OGX-26HP (Waimea) prepared for start-up of production All key equipment already secured and delivered FPSO OSX-1 expected to arrive in…
  3. Q2 2011 RESULTS – OGX Petroleo – slide 3
    Financial Results Highlights
  4. Q2 2011 RESULTS – OGX Petroleo – slide 4
    2Q11 Financial Results Net Financial Results: Impact of interest Financial State me nts R ('000) 2Q11 2Q10 1H 11 income, net losses on hedging of future N et Financ ial Res ult (30,157) 135,548 (12,256) commitments in foreign…
  5. Q2 2011 RESULTS – OGX Petroleo – slide 5
    Financing Secured Until OGX is Cash Flow Positive Transaction Highlights Summary of Terms OGX raised US 2.563 billion in a bond issuance on OGX Petrleo e Gs Issuer: Participaes S.A. May 26, 2011 Subsidiaries with over 75% of…
  6. Q2 2011 RESULTS – OGX Petroleo – slide 6
    Robust Cash Position Following Bond Offering Cash Position Evolution Cash Allocation Allocation by Institution R billion US billion Votorantim Santander 6,0 6,0 4% 8% Safra 3% BTG Pactual 4,0 4,0 8% CS Bradesco 4% 2,0 2,0 37%…
  7. Q2 2011 RESULTS – OGX Petroleo – slide 7
    Path to Production
  8. Q2 2011 RESULTS – OGX Petroleo – slide 8
    Production Will Begin in the Waimea Accumulation Beginning of Production 1st Oil Production Concept Horizontal production well already drilled, completed and successfully tested Wet christmas tree installed Electrical…
  9. Q2 2011 RESULTS – OGX Petroleo – slide 9
    Final Steps Towards Production Arrival of the Buoy and Flexible lines / umbilicals Moorings and Piles installation installation connection and risers installation 1 2 3 Arrival of the FPSO OSX-1 Buoy hook-up and connection…
  10. Q2 2011 RESULTS – OGX Petroleo – slide 10
    Waimea Complex Production Concept Pioneer Project Development Pioneer Production Concept 5 development wells connected to the FPSO OSX-1 3 horizontal production wells 1st production well, OGX- 26HP, ready for production 2nd…
  11. Q2 2011 RESULTS – OGX Petroleo – slide 11
    Campos Basin: Production Concept Full Project Development Future production concepts in the Campos Basin will contemplate pairs of 1 FPSO Module N and 1 WHP per project Module 4 Waimea Project: Module 3 3 FPSOs and 2 WHPs…
  12. Q2 2011 RESULTS – OGX Petroleo – slide 12
    Moving Forward with Parnaba Basin Business Plan Paranba Complex Declaration of commerciality of two fields (Gavio Real & Gavio Azul) already submitted to ANP Initial production expected in 2H12 Second seismic crew contracted to…
  13. Q2 2011 RESULTS – OGX Petroleo – slide 13
    Exploratory Campaign
  14. Q2 2011 RESULTS – OGX Petroleo – slide 14
    Campos Basin: Focusing on Wildcat & Appraisal Wells Wildcat Wells Appraisal Wells 2009 Activities 2010 Activities OGX-1 OGX-9D OGX-2A OGX-13 OGX-3 OGX-21D/OGX-26HP 2010 Activities 2011 Activities OGX-4 Well Drilling Area OGX-5…
  15. Q2 2011 RESULTS – OGX Petroleo – slide 15
    Campos Basin: Positve Horizontal Wells Test Results Recent Horizontal Wells Tested Horizontal wells tested Drill-stem tests performed in horizontal wells Waimea OGX 26HP Production capacity of up to 20,000 bbl/day Oil Quality of…
  16. Q2 2011 RESULTS – OGX Petroleo – slide 16
    Parnaba Basin: Rapid Declaration of Commerciality Wildcat Wells Appraisal Wells 2010 Activities 2011 Activities OGX-16 Well Drilling Area OGX-22 OGX-38 3C 43m OGX-46D 3C 15m 2011 Activities OGX-51D 3C 8m OGX-34 OGX-49 OGX-57 3C -…
  17. Q2 2011 RESULTS – OGX Petroleo – slide 17
    Santos Basin: New Significant Discoveries Wildcat Wells 2010 Activities MRK-2B OGX-11D OGX-12 OGX-17 OGX-19 2011 Activities OGX-23 OGX-24 OGX-30 OGX-47 Recent discoveries OGX-30 (Salvador) and OGX-47 (Macei) tested…
  18. Q2 2011 RESULTS – OGX Petroleo – slide 18
    Continued Progress Beginning of production in October/November through an EWT in the Waimea accumulation (OGX-26HP) Commercialization contracts for first oil sale prior to the beginning of production Continue appraisal campaign in…
  19. Q2 2011 RESULTS – OGX Petroleo – slide 19

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