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FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA

QGEP Participacoes SA · Mar 14, 2012 · 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. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 1
    March 14th, 2012 Fourth Quarter and Full Year 2012 Results
  2. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 2
    Agenda Performance Overview Asset Portfolio Update Financial Results Looking Ahead
  3. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 3
    FULL YEAR AND Q4 2012 OVERVIEW Continued to execute on strategy to develop asset portfolio Maintained unique balancebetween producing and exploratory activities/operatorship and partnerships Reported significant year-over-year…
  4. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 4
    Agenda Performance Overview Asset Portfolio Update Financial Results Looking Ahead
  5. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 5
    INCREASED PRODUCTION AT MANATI FIELD Average gas production from the Manati Field was 6.1 MMm/day in 4Q12 and for FY12 Due to scheduled maintenance at the Field, the Company forecasts average daily production of between 5.5 MMm and…
  6. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 6
    BM-S-8: MAJOR COLUMN OF AT LEAST 471 METERS OF OIL OF 31 API AT CARCAR PROSPECT Contingent and Prospective A Drill Stem Test (DST) for Resources the Carcar well will be performed at an appraisal 10% stake well, expected to start…
  7. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 7
    BS-4: OPERATORSHIP IN DEEP WATERS Atlanta and Oliva post-salt fields with heavy oil ranging from 14 to 16 API N 30% stake and Operator W E S S-M-172 185 km off the coast Pre salt exploratory potential: Piapara prospect,…
  8. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 8
    BM-J-2: DRILLING EXPECTED IN 2013 100% stake and Operator 2 Prospects: Alto de Canavieiras: 29% of GCOS Alto Externo: 24% of GCOS Risked Prospective Resources: 94.2 million boe (Blended Case) QGEP is in final discussions to…
  9. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 9
    EXPLORATION ACTIVITIES UPDATE: BLOCKS BM-S-12, BM-CAL-5, BM-CAL-12 AND BM-C-27 BM-S-12 The ANP approved the consortiums revised Evaluation Plans for the Ilha Bela well (1-SCS- 13), a discovery well that was previously drilled in 2008…
  10. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 10
    Agenda Performance Overview Asset Portfolio Update Financial Results Looking Ahead
  11. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 11
    4Q12 MANATI FIELD PRODUCTION Gas Production Net Revenue (R million) (Millions of m) +49.7% 1,010.6 +60.0% 462.3 675.1 289.0 +30.9% +39.6% 252.6 116.0 192.9 83.1 2011 2012 4Q11 4Q12 2011 2012 4Q11 4Q12 Strong demand…
  12. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 12
    4Q12 OPERATING RESULTS EBITDAX (R million) Net Income (R million) 300.0 62% 70% 92.1 41% 54% 100.0 45% 60% 90.0 82.5 40% 285.1 250.0 50% 80.0 32% 29% 35% 200.0 70.0 36% 30% 47.3 40% 60.0 25%…
  13. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 13
    OPERATING COSTS Operating Costs (R million) 182.8 11.5 5.9 9.8 128.7 10.4 35.8 3.0 2.0 22.7 81.9 2.3 8.2 49.1 53.1 44.0 1.1 1.5 0.9 2.5 9.0 6.6 15.2 20.4 37.5 37.9 12.0 13.3 4Q11 4Q12 2011 2012 Production…
  14. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 14
    EXPECTED CAPEX 2013 capital expenditure budget: US155 million - 2013s budget to be spent at Blocks BM-J-2, BM-S-8, and BM-S-4 2014 capital expenditure budget: US360 million - 2014s budget to be spent at Blocks BS-4, BM-S-8,…
  15. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 15
    STRONG NET CASH POSITION Investment Distribution Votorantim 5% In 4Q12, cash balance was Government BNB R952.3 million Securities 16% 17% In the second quarter, the Ita 10% Company eliminated its debt, HSBC following the…
  16. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 16
    Agenda Performance Overview Asset Portfolio Update Financial Results Looking Ahead
  17. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 17
    QGEP: AN IMPORTANT PLAYER PREPARED FOR THE 11TH ANP BIDDING ROUND The eleventh ANP Bidding Round is scheduled to take place in May 2013 and will offer: 289 blocks 11 basins 155.8 thousand square kilometers, with the majority…
  18. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 18
    MAJOR MILESTONES AHEAD 2018-2020 2015-2017 First oil expected from Carcar Development 2014 of Atlanta Field BS-4: Development 2013 First oil from the Atlanta Field Drilling of the Piapara pre-salt of Carcar prospect…
  19. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 19
    CONTACT US Investor Relations QGEP Participaes S.A. Av. Almirante Barroso, n 52/sala 1301, Centro, Rio de Janeiro, RJ CEP: 20031-918 Phone - IR: 55 21 3509-5959 Fax: 55 21 3509-5958 E-mail: riqgep.com.br www.qgep.com.br/ri…
  20. FOURTH QUARTER AND FULL YEAR 2012 RESULTS – QGEP Participacoes SA – slide 20
    DISCLAMER This document contains some statements and information about the Company that reflect the current views and/or expectations of the Company and its managers with regard to its activities. These include all statements…

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