Erin Energy Corporation Who we are and what we do 9 Erin Energy Corporation is an independent oil and World-class assets in 4 gas exploration and production company focused on energy resources in sub-Saharan Africa African…
Our Company at a Glance We are a global E&P company with a leading Sub-Saharan Africa portfolio that is well positioned to provide exceptional value for shareholders Asset Overview Corporate Offices Operations Production…
2015 Overview Positive results despite challenging economic climate Operational Oyo-7 and Oyo-8 wells tied in 1.6mmbbls oil net production 6,400bbls per day average production, following Oyo-7 and Oyo-8 tie-ins Ghana: significant…
Technical Capability Top-Class technical capacity Competitive Advantages Experienced Staff Pool Majority of senior staff are from Major IOCs International experience spanning all continents Top 10 technical staff have combined more…
Operational Capability Demonstrated capability in both deepwater and shallow water Nigeria Operatorship Operator of deepwater OMLs 120 & 121 in Nigeria since 2012 with production from Oyo field Production Operator of Obe field in…
Nigeria Oyo Field Expansion Phase 1: project performance vs original Oyo development Average 40% cost savings per well for D&C and SURF (excluding FPSO) over initial project cost Average 50% drilling and completion time savings over…
Increasing Reserves Year-end 2015 proved reserves Increase due to better production performance from production wells Oyo-7 and Oyo-8 Transfer (net) due movement between P1 and P2 category Negative revision due to lower commodity…
Erin Equity Nigeria 340 million Overview bbls Background/commitment 1.7 billion bbls Block awarded in 1995 to Allied as OPL 210 Converted to OML 120 and 121 in 2002 10 successful wells drilled 253 million Sole Risk license…
Nigeria Oyo Field future development opportunities Oyo Phase II Expansion Q4 2016 Oyo-9 producing well (Oyo Central West Extension) Future Development Opportunities in Oyo Field Oyo-10 (Oyo Central West Main) Oyo-11 (Oyo Central…
Drill-Ready Exploration Wells Nigeria OML 120/121 Prolific Western Niger Delta ( 40 Billion Barrels Discovered) Flanked by the Giant Fields Bonga, Erha & Bosi OML 120 & 121 Production Facilities on the Block Portfolio of 22 prospects…
Ghana Overview Block History & Status JOA signed Jan. 2015 Block with 3 discovered fields Near term development opportunity Prospects are arranged in corridor Completed resource volume assessment between West Tano and South Tano…
The Gambia Overview Block History & Status From: Cairn Energy 2016 Blocks A2 & A5 awarded in 2012 for 4 years (Dec. 2016) Expiry extended to Dec 2018 Completed 3D Seismic acquisition and currently processing Actively seeking…
Kenya Overview Block History & Status 4 blocks awarded in 2012 Hagarso 18 months extension granted for L27 & L28 (February 2017) L1B Completed 1800km 2D seismic acquired & processed Seeking farm-in partner for 3D seismic survey…
Key Performance Catalysts (2016 Strategy) Production expected 1Q 2017(1) 7,000 BOPD tied back to existing infrastructure Oyo-9 No fixed operating cost (attached to Armada Perdana FPSO) Significantly reduces breakeven cost per barrel…
Strategic Corporate Goals Matrix of Erin Energys strategic goals Nigeria Ghana Gambia Kenya / M&A / Other Increase Production (12,000 Await resolution of boundary Explore portfolio options in 16,000 BOPD) issue Complete…
Investment Highlights Our value creation model Production and Long-Term Frontier Revenue Growth Exploration Reserves and Sub-Saharan Resources Growth Africa Assets Near-Term High Opportunistic Impact Exploration…
The Board Distinguished Board of Directors 1. 2. 3. 4. 5. 6. 7. John Hofmeister Wayne McConnell 1. Chairman 4. Independent Director Veteran of multiple industries for over 35 years; Former president, Shell Oil Company; Key…
Our Team Experienced and diverse international management team 1. 2. 3. 4. 5. 6. 7. 1. Segun Omidele Appointed Senior Vice President and Chief Administrative Officer, September 2013; joined MSc (Petroleum Engineering),…
Contact us For more information: www.erinenergy.com NYSE MKT: ERN I JSE: ERN Main +1 713 797 2940 Investor Relations US +1 713 797 2960 SA +27 11 593 7303 Media +1 713 797 2960 Erin Energy Corporation Corporate Headquarters South…
Loading...
