OGX Business Plan Development of Campos and Parnaba Discoveries June 2011
Agenda Executive Summary OGX Portfolio OGX Development and Production OGX Financial Overview Appendix 3
Executive Summary
OGXs Core Pilars Highly prospective portfolio of 34 blocks: 29 blocks in 5 Brazilian sedimentary basins and 5 onshore blocks in 3 Colombian concessions including potential 10.8 sedimentary basins billion boe located in offshore and…
Beginning of Production Phase Exploration Activities Production Plan OGX developed the largest private-sector 4.2 billion boe business plan: exploratory campaign in Brazil with a portfolio of 4.1 billion boe in Campos and 0.1 billion…
US 2.563 Billion Notes Offering Transaction Highlights Summary of Terms OGX raised US 2.563 billion in a bond issuance in May 26, 2011 Issuer: OGX Petrleo e Gs Participaes S.A. Largest non-investment grade offering ever by an O&G…
OGX Portfolio
OGX Portfolio Potential 34 blocks: 29 blocks in 5 Brazilian sedimentary basins and 5 onshore blocks in 3 Colombian sedimentary basins Unique portfolio with 10.8 billion potential resources barrels of oil equivalent OGXs Campos and…
OGX Portfolio Potential OGX Portfolio Potential (1) OGX Portfolio Breakdown billion boe (7) Net (6) 19% CAMPOS Onshore 5.7 (2) Contingent 3.0 8% 73% (3) Delineation 1.3 Deep water Shallow Prospective (POS = 56.2%) Water 1.4…
Campos Exploratory Drilling Strategy and Results Drilling Strategy Drilling Results 1st phase strategy (from Mar/08 to Dec/10) Drilling of 36 wells with hydrocarbons Seismic campaign to better image the areas OGX analysis supports…
Campos Basin: Development Business Plan Initial Projects Campos Basin Development Plan Project 2 Waikiki Complex 4.1 bn bbl 1st oil date: 4Q13 Shallow waters 22 development wells 14 production Average production per well 8…
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 OSX - 1 Buoy anchor system and flexible lines…
Secured 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 1.3 Mbbl…
OGX Strategy to Expedite Production Pre-Drilling Strategy Available Drilling Resources Expedite drilling process and accelerate production ramp-up OGX plans to drill on average five horizontal wells prior to the arrival of the…
Parnaba Basin: Development Business Plan Parnaba Development Project 1 2 fields (Gavio Real & Gavio Azul) 1st gas: 2H12 1 production complex 23 production wells Declaration of commerciality of two fields already submitted to ANP…
Parnaba Basin: Project Development Parnaba Development Schematic Gas Thermal Power Plant Development OGX Maranho (70%) + Petra (30%) MPX + Petra A site to construct a power investments investments plant in the PN-T-68 block has…
Production Targets OGX Production Targets OGX Offshore Equipment Demand In kboepd 19 units FPSO 1,380 12 units for Campos Basin discoveries Campos and Parnaba discoveries development 730 24 units WHP 11 units for…
OGX Financial Overview
OGX Financial Sources and Uses (2Q11 4Q13) Financial Sources and Uses Cash Position of US 5.1 bn 0.5 1.0 bn 2.563 bn (4.0 5.0 bn) 2.5 bn 1.0 1.5 bn Current Cash Unsecured Notes Operating Cash Flows Capex Remaining…
Campos Basin: Equipment Secured Critical equipment and services status Main equipment in place Equipment FPSO OSX-1 Wet Christmas Tree (WCT): Already installed 80 Kbpd of processing capacity & 950,000 barrels Umbilical Terminal…
Campos Basin: Typical Production Project Typical Replicable Project Assumptions Campos Basin Distance from shore: 80 km Water depth: 100 to 150 meters Recoverable volume: 500 million bbl (low Gas:Oil Ratio (GOR)): all gas produced…
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