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Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp

Apache Corp · May 3, 2016 · 17 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. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 1
    05.03.2016 IN EGYPTS OIL & GAS SECTOR
  2. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 2
    ABOUT APACHE CORPORATION Independent oil and gas company founded in 1954 Publicly traded (NYSE, Nasdaq: APA) Headquartered in Houston, TX 3,900 employees worldwide 2015 Proved Reserves 2015 Production 1.6 Bboe 535 Mboe per day 9%…
  3. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 3
    GLOBAL PORTFOLIO OF ASSETS Balanced portfolio with diversified opportunity set: Extensive unconventional resource base in North America, anchored by Permian Conventional assets with years of exploration and development in Egypt and…
  4. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 4
    ATTRACTIVE INTERNATIONAL ASSETS In a sub 50 oil environment, international regions generate better cash margins than North America High quality, stacked pay reservoirs with relatively high cash margins Significant exploration…
  5. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 5
    2016 CAPITAL PROGRAM Allocates 23% to Egypt Region Total corporate program 2016 Capital Program by Region of 1.4 to 1.8 billion Other 7% 60% YOY reduction Canada & Midcontinent 11% 2016 Egypt Program: Permian 29% 300 to 400…
  6. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 6
    EGYPT OVERVIEW 4.8 MM gross acres (4.3 MM net) across 23 concessions First discovery in 1994, now one of the 2015 largest acreage holders in Egypts Western Reported Production Desert and largest U.S. investor in Egypt Averaged 352…
  7. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 7
    1 PRODUCER IN EGYPT Egypt's Top Five Oil & Gas Producers - 4Q 2015 400,000 Gas Liquids 328,420 350,000 312,495 300,000 134,802 250,000 144,333 BOEPD 200,000 153,874 136,872 150,000 131,478 75,833 100,000 193,618…
  8. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 8
    PRODUCTION HISTORY Uninterrupted production throughout history Mboe/d 400 Stable gross 350 production, harvesting free cash flow 300 250 200 Average Daily Gross Production 150 100 50 0 1996 1997 1998 1999…
  9. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 9
    2015 RESERVE GROWTH DESPITE 35% LESS CAPITAL Exploration drives future reserve growth MMboe Apache Egypt Reserve History 400 (1996-2015) 350 300 Year-End Proved Reserves 250 200 150 100 50 0 1996 1997 1998…
  10. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 10
    APACHE IS THE LEADING EXPLORER IN EGYPT Wells Drilled Success Rate New Field Wildcats by Operator 400 (2004-2015) 80% 350 340 70% 63% 58% 300 55% 60% 51% 50% 250 44% 50% 196 200 40% 150 30% 100 82 20% 42 49 54 50 27 24…
  11. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 11
    WESTERN DESERT STACKED PAY POTENTIAL Many ways to win 12
  12. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 12
    APOLLONIA UNCONVENTIONAL PILOT PROJECT JDT1-6H Drilling Results Drilled 3132 lateral in Apollonia A5 reservoir Apollonia Depth Map Encountered multiple faults as expected Abu Gharadig Basin Logged 2659 of net reservoir NE 86% Net…
  13. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 13
    SIGNIFICANT RECENT OIL DISCOVERIES Berenice Ptah Ptah and Berenice fields exceeded 30,000 gross bo/d during the fourth quarter of 2015 13 wells drilled and producing with an average drilling and completion cost of 3.6 million…
  14. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 14
    Days 100 150 200 250 50 0 158 Aqsa S-1X 219 WKAN T-1X 116 Bravo - 1X WKAN S-1X WKAN K-1X 143 143 178 Fagr - 1X 136 Samra SE -1X 117 WKAN N-1X 76 NTR G-1X 117 WKAN M-1X 47 Siwa L-1X…
  15. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 15
    CONTINUOUS IMPROVEMENT IN OPERATIONS Ptah Field Hydra Field Drilling to TD Logging and Casing D&C Cost (MM) Drilling to TD Logging and Casing D&C Cost (MM) Ptah and Berenice drill and complete costs decreased from 5.8 MM to 1.9…
  16. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 16
    SUPPORTING COMMUNITIES WHERE WE WORK Springboard and the Matrouh Schools Springboard Foundation Through the Foundation, Apache has built 208 schools for young girls in rural villages. Matrouh Area of Western Desert Apache has…
  17. Commercial Opportunities in Egypt's Oil and Gas Sector – Apache Corp – slide 17
    THANK YOU 18

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