Skip to main content PARETOS ANNUAL E&P CONFERENCE – North Energy Investor Presentation | Shale Experts
Loading...
Pm

PARETOS ANNUAL E&P CONFERENCE – North Energy

North Energy · Jan 22, 2013 · 29 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. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 1
    North Energy at Paretos annual E&P Conference London, 22 January 2013
  2. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 2
    Important information This presentation and its appendices (together the Presentation) have been prepared and delivered by North Energy ASA (North Energy or the Company). The Presentation is prepared for information purposes only, and is…
  3. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 3
    Agenda North Energy in brief Exploration status Taking a northern position North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
  4. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 4
    Introduction to North Energy The most northern oil and gas Portfolio development, of licenses company. Headquartered in Alta in 24 Finnmark, Northern Norway 14 Listed on Oslo Axess (ticker: NORTH) 8 Market cap of 30 MUSD 24…
  5. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 5
    Exploration success in core the Norwegian Sea and the Barents Sea right from the start The Fogelberg discovery Discovery Area Mmboe First exploration well 1 Norvarg Barents Sea 290 The Norvarg discovery 2 Skrugard Barents Sea 260*…
  6. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 6
    Competition for resources on the Norwegian Continental Shelf NCS is maturing. Almost half of 50 cos 30 cos 20 cos the resources are produced and rate of discovery is dropping With a most likely outcome, the opened part of the…
  7. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 7
    Drilling program fully funded Net cash position Q3 2012 Net cash position of NOK 308 million 800 supports exploration of 275 8 1 billion 700 600 538 Unused exploration 500 loan facility of NOK 410 400 million 300 553 Exploration…
  8. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 8
    First 5 year plan is fulfilled Build up and execution of exploration program Two commercial discoveries Northern profile recognized by the authorities Solid awards in all licensing rounds Well-positioned for the upcoming licensing…
  9. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 9
    Agenda North Energy in brief Exploration status Taking a northern position North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
  10. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 10
    Licence map Partner in 24 licences on the Norwegian Continental Shelf 8 in the Barents Sea 8 in the Norwegian Sea 8 in the North Sea Operator in two licences (Norwegian Sea) License award in Norwegian Sea in latest license…
  11. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 11
    Two wells drilled in December. One was dry, but Jette is undecided Jette. PL 385 in the Norwegian Sea Acquired 2009 Main prospect Jette Operator Statoil (45%) Hydrocarbons Gas Cond. Partners DONG (20%) Drilled Q4 2012 Noreco (20%)…
  12. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 12
    Firm and possible wells 2013 - 2015 Two wells firmed up for 2013 Wells 2013 PL 535 Norvarg appraisal (20%) Wells 2014-2015 operated by Total Drill or Drop Decision PL 299 Frode (20%) operated by next 6 months Talisman Drilling…
  13. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 13
    Firm Drilling Programme North Energy 2013 2014 - Dec. Aug. Sep. Nov. Feb. Mar. May Jan. Jun. Oct. Apr. Jul. License NE Share Operator Rig PL 299 Frode 20 % Talisman Maersk Giant PL 535 Norvarg 2 20…
  14. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 14
    PL 535 Norvarg significant gas discovery PL 535 in the Barents Sea- pre drill Awarded 20th round (2009) Main prospect Norvarg Operator Total (40%) Hydrocarbons Gas Partners North Energy (20%) Det norske (20%) Valiant (13%)…
  15. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 15
    Well Norvarg-2 planned for spring 2013 Norvarg-2 position Spud expected March-April 2013 with Leiv Eriksson rig Norvarg-2 will test geological model and provide further information on Reservoir productivity, especially channel…
  16. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 16
    PL 299 Frode - oil in the North Sea PL 299 Frode in the North Sea Acquired 2012 Main prospect Frode Operator Talisman (31.5%) Hydrocarbons Oil Partners Dong (20%) Expected drilling Q22013 Agora (28.5%) North Energy (20%) Prob. of…
  17. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 17
    Frode in the fairway of discoveries The volume is decided by the sealing fault Dry well just on other side of fault indicates that the fault seals If fault does not seal, still sufficient oil to give commercial accumulation in the…
  18. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 18
    PL 510 Scarecrow new partnership has decided to drill a well in 2014 PL 510 in the Norwegian Sea Awarded APA 2008 Main prospect Scarecrow North Hydrocarbons Gas Cond. Energy 100% Expected drilling 2014 Prob. of success 40%…
  19. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 19
    PL 510 Scarecrow - new firm well for North New licence group: Approved by authorities Soon to be announced 5 prospects with potential cluster development: Scarecrow Toto Dorothy Henry Lion Wet gas expected Transport via TS or…
  20. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 20
    PL 526 Vgar Drill or drop in spring of 2012 6609/7-1 A B PL 526 in the Norwegian Sea Depth (MSLm) Awarded 20th round (2009) Main prospect Vgar Nordland Group 1000 Vgar Prospect Operator North Energy Hydrocarbons Oil (66,67%)*…
  21. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 21
    PL 526 Vgar evaluated with new technology is likely first drill decision in DoD licenses. Vgar prospect - a big prospect with possible oil and gas cap on the doorstep to Lofoten area Well 6609/7-1 indicate presence of gas and…
  22. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 22
    First possible addition to Drilling Programme from operated DoD license 2013 2014 Dec. Aug. Sep. Nov. Feb. Mar. May Jan. Jun. Oct. Apr. Jul. License NE Share Operator Rig PL 299 Frode 20 % Talisman…
  23. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 23
    Agenda North Energy in brief Exploration status Taking a northern position North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
  24. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 24
    Recognized by the authorities solid awards in recent licensing rounds Top 10 in recent licensing rounds and runner-up in the north Statoil 26 Statoil 13 Det norske 20 North Energy 11 Lundin 19 Noreco 9 Wintershall 16 Wintershall 8…
  25. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 25
    Exploration in the Barents Sea picking up Learning geology from wells increases hitrate 66 % 66 % Increasing hitrate, increases number 4444 %% of wells Record number of wells expected in 2013, 14 and 15 Has the timing…
  26. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 26
    Record high drilling activity in Barents Sea in 2012. Real break through in 2013 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. Operator Field 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 Statoil PL 532…
  27. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 27
    Norvarg development options among more than 70 other prospects in the North North Energy ASA, Markveien 38b, Postboks 1243,9504 Alta, Norway. Phone: (+47) 78 60 79 50 Fax: (+47) 78 60 83 50 E-Mail: postnorthenergy.no…
  28. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 28
    There is room for small, but competent companies, also in the North 40 oil companies have drilled 62 exploration 25 wells north of 62 deg. Mmboe 20 per well 14 companies did not Large caps discover. (4 super 15 Medium caps…
  29. PARETOS ANNUAL E&P CONFERENCE – North Energy – slide 29
    Summary Acquisition and exploration success in long term projects in the North Working to prove supporting short term strategy in the North Sea New, and recently tested, technology could be a competitive edge when going for…

From the store

Browse maps, data & reports in the Shale Experts store