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1Q11 RESULTS – OGX Petroleo

OGX Petroleo · May 9, 2011 · 20 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. 1Q11 RESULTS – OGX Petroleo – slide 1
    1Q11 RESULTS
  2. 1Q11 RESULTS – OGX Petroleo – slide 2
    1Q11 Highlights and Subsequent Events OGX Portfolio D&M reports with new estimates for the Campos and Parnaba Basins and estimates for the three Colombian basins Portfolio update New and important discoveries in Campos Basin…
  3. 1Q11 RESULTS – OGX Petroleo – slide 3
    FINANCIAL RESULTS HIGHLIGHTS
  4. 1Q11 RESULTS – OGX Petroleo – slide 4
    1Q11 Financial Results MAIN ACCOUNTS- IFRS Net Financial Results: Impact of interest income, net losses Financial Statements on hedging of future commitments in foreign currency and R ('000) 1T11 1T10 negative impact of…
  5. 1Q11 RESULTS – OGX Petroleo – slide 5
    Cash Position CASH POSITION EVOLUTION CASH ALOCATION R billion US billion Allocation by Institution 5,0 3,0 BTG Pactual 7% CS 4,0 7% 2,5 Safra 7% Others 8% 3,0 2,0 Santander ABC 2,0 Votorantim 14% 3% 3% Socit 1,5 2% 1,0…
  6. 1Q11 RESULTS – OGX Petroleo – slide 6
    OGX PORTFOLIO
  7. 1Q11 RESULTS – OGX Petroleo – slide 7
    OGX Main Take Aways From D&M Reports Portfolio de-risking through the conversion of prospective resources into contingent and delineation resources 3.0 billion boe of 3C contingent resources in the Campos Basin 1.3 billion boe of…
  8. 1Q11 RESULTS – OGX Petroleo – slide 8
    Campos Basin NET RESOURCES FOR OGX 1.4 bn bbl 5.7 bn bbl 1.3 bn bbl 3.0 bn bbl 3C = 3.0 Delineation Prospective Total 2C = 0.7 Resources Campos Basin 1C = 0.1 2011 2013: INTENSIVE APPRAISAL CAMPAIGN TO CONVERT…
  9. 1Q11 RESULTS – OGX Petroleo – slide 9
    Parnaba Basin GROSS PARNABA PROSPECTIVE RESOURCES Unrisked Gas + Oil (11.9 bn boe) Risked Gas + Oil (2.1 bn boe) 24 Prospects 24 Prospects 56 Tcf (10.0 bn boe) 25.6 Prospective Resources: unconventional (shale gas) conventional…
  10. 1Q11 RESULTS – OGX Petroleo – slide 10
    Colombian Basins Colombia net to OGX Cesar-Ranchera Basin location D&M (Mar/2011) 1.0 bn boe 1.1 bn boe 0.1 bn boe Prospective Potential Total OGX blocks Resources Volume Colombian Basins Maracaibo Basin (80 bn boe…
  11. 1Q11 RESULTS – OGX Petroleo – slide 11
    OGX Portfolio Breakdown OGX Portfolio based on Company estimates (5) OGX PORTFOLIO OGX PORTFOLIO BREAKDOWN billion boe Net (3) 19% CAMPOS 5.7 Onshore Contingent (1) 3.0 Delineation (2) 1.3 8% 73% Prospective (POS = 56.2%) 1.4 Deep…
  12. 1Q11 RESULTS – OGX Petroleo – slide 12
    PATH TO PRODUCTION
  13. 1Q11 RESULTS – OGX Petroleo – slide 13
    Campos Basin: 2011 Drilling Activities DISCOVERIES APPRAISAL OGX-35 OGX-25/27P OGX-36 OGX-28D OGX-39HP OGX-31 OGX-40D OGX-33 OGX-41D MRK-3/4P OGX-42D MRK-5 OGX-43D OGX-44HP OGX-45D Waimea Project OGX wells…
  14. 1Q11 RESULTS – OGX Petroleo – slide 14
    Campos Basin: OGX-26 Defined Production Concept PRODUCTION CONCEPT Horizontal Well (OGX-26) already drilled and successfully tested Well completed and wet christmas tree installed Buoy anchor system and flexible lines OSX - 1…
  15. 1Q11 RESULTS – OGX Petroleo – slide 15
    Campos Basin: Equipment Secured CRITICAL EQUIPMENT AND SERVICES STATUS MAIN EQUIPMENT IN PLACE Equipment FPSO OSX-1 80 kbpd of processing Wet Christmas Tree (WCT): Already installed capacity & 950 ,000 barrels of storage capacity…
  16. 1Q11 RESULTS – OGX Petroleo – slide 16
    Ordered Production Equipment FPSOs WHPs OSX-1: OSX-2: OSX-3: Production capacity of 80 Production capacity of Production capacity of Kbpd and storage of 950 100 kbpd and storage of 100 kbpd and storage of Kbbl 1.3 Mbbl 1.6 Mbbl…
  17. 1Q11 RESULTS – OGX Petroleo – slide 17
    Subsequent Events: 2011 Beginning of production in 2S11 through an EWT in the Waimea accumulation (OGX-26) Increase of appraisal campaign in the Campos, Santos and Parnaba Basins Beginning of the drilling campaign in the…
  18. 1Q11 RESULTS – OGX Petroleo – slide 18
    FINANCIAL RESULTS
  19. 1Q11 RESULTS – OGX Petroleo – slide 19
    Consolidated Balance Sheet (R000) BALANCE SHEET IFRS ASSETS 03/31/2011 12/31/2010 LIABILITIES 03/31/2011 12/31/2010 Current Assets 4,378,194 5,083,508 Current Liabilities 774,038 736,978 Cash and cash equivalents 4,084,115 4,788,166…
  20. 1Q11 RESULTS – OGX Petroleo – slide 20
    Consolidated Financial Statements (R000) FINANCIAL STATEMENTS IFRS DRE 1Q11 1Q10 Operating Income (Expenses) (75,732) (87,949) Exploration Expenses (32,293) (23,414) General and administrative expenses (43,439) (64,535)…

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