800,000 750,000 Contractor export payments(1) 700,000 75m 75m 75m 75m 56m 36m 650,000 600,000 KRI export pipeline shut in 550,000 between 17 February and 10 500,000 March 2016 450,000 bopd 400,000 350,000 300,000…
Export payment mechanism announced by Ministry of Natural Resources on 1 February 2016 Monthly payment to Contractor calculated as a proportion of monthly field revenue as a proxy for entitlement MNR aims to process monthly payments…
Net 1P reserves evolution (mmbbls) pre and post FY15 updates(1) Net 2P reserves evolution (mmbbls) pre and post FY15 updates(1) 160 400 140 350 120 300 100 250 80 200 60 150 40 100 20 50 - - Pre FY15 reserve updates…
Taq Taq 2016 Development of Reservoir Qamchuqa Activity RIG Jan Feb March April May June July Aug Sep Oct Nov Dec activity plan Fracture Systems Management Workover Pilaspi test & production P O O Rigless Workover TT-07 P O O Rig-1…
Upstream and midstream term sheets signed Revised terms enhance original agreements and deliver alignment along the value chain Term sheets to be converted into binding documentation during Q2 2016 Acquired OMVs stake in Bina Bawi…
Chia Surkh-10 and Chia Surkh-11 (2013) Peshkabir-1 (2012) CS-10 and CS-11 encountered light oil and gas in Jeribe/Euphrates Drilled on flank of structure, based on sparse 2D data, 27-29 API oil Oligo-Miocene with flow rates between…
Bond buy-back successfully implemented in March 2016 55.4 million of nominal value repurchased at 63% plus accrued interest Provides liquidity and allows orderly exit for distressed sellers Bonds now quoted at 63(1) compared with…