DET NORSKE Highlights Production Q4 production of 54.0 mboepd Finance Q4 EBITDA USD 208 million, EPS -0.77 (USD) USD 1.37 billion in cash and undrawn debt facilities Business development Acquisitions of Svenska Petroleum…
Financials Q4 2015
FINANCIALS Statement of income Income statement (USD mill) Q4 2015 Q4 2014 FY 2015 Revenues 255 346 1,222 Production costs 24 44 141 Other operating expenses 3 11 52 EBITDAX 227 291 1,029 Exploration expenses 19 51 76 EBITDA 208 239…
FINANCIALS Statement of financial position Assets Equity and liabilities (USD mill) 31.12.15 31.12.14 (USD mill) 31.12.15 31.12.14 Goodwill 768 1,187 Equity 339 652 Other intangible assets 938 940 Other provisions for liabilities incl.…
FINANCIALS Cash flow and liquidity Cash flow (USDm) Liquidity (USDbn) Cash flow from investments include payment for Undrawn credit the Svenska and Premier Norge acquisitions Cash & cash equivalents 1,74 122 Net interest-bearing…
FINANCIALS Guidance 2016 guidance1 Item Latest 2015 guidance Actual 2015 (no change from CMD) CAPEX USD 925 million USD 877 million USD 925 975 million EXPEX USD 95 million USD 97 million USD 160 170 million Production cost USD…
Operations Q4 2015
PRODUCTION Oil and gas production in Q4 2015 Net production (boepd) Q4 2015 production of 54.0 mboepd Realized oil price of USD 45/bbl Production efficiency was 86.7%, below target Production capacity reduced in the quarter…
GREATER ALVHEIM AREA Further developing the Alvheim area New projects in the Alvheim area Alvheim area 4 wells put on stream in 2015 3 new wells planned to come on stream in 2016 BoaKamNorth Q2 Viper and Kobra Q4 Transocean Arctic…
GREATER ALVHEIM AREA BoaKamNorth IOR well completed Successful operation Alvheim area well branches Tri-lateral well 24/6-A5 completed in February by Transocean Winner East Kameleon Boa Total drill-length of 14,473 meters Kameleon…
IVAR AASEN (35%1) Ivar Aasen project on plan and budget Recent events Detailed timeline Production drilling continued ahead of schedule 2012 2013 2014 2015 2016 with top quartile performance H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Concept…
IVAR AASEN (35%1) Upcoming milestones Hand over of sub-systems for Topside installation July 2016 commissioning and testing: Q1 2016 Offshore commissioning, testing and Installation of power cable Q2 2016 preparation for first…
JOHAN SVERDRUP (11.5733%) Benefitting from current market conditions Project progressing according to plan Major contracts have been awarded Pre-drilling of wells to commence in Q1 2016 Cost estimates continue to come down Phase 1…
EXPLORATION Stepping up activity Filicudi Focus near existing discoveries in the North Sea Uptonia well currently drilling reservoir section ILX prospect near Ivar Aasen Confirm volumes in Krafla/Aska area Test prospective trend…
Outlook Q4 2015
IMPROVEMENT Key improvement themes Enable G&G process efficiency Exploration Effectiveness Optimize Exploration well drilling methodology Project Develop the next Project delivery model Delivery Capture synergies from Alvheim &…
OUTLOOK Summary and outlook Development projects Ivar Aasen on plan and budget Johan Sverdrup progressing according to schedule, costs continue to come down Continue to develop the Alvheim area Financing Available liquidity of…
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