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July 2016 Corporate Presentation – Faroe Petroleum

Faroe Petroleum · Jul 14, 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. July 2016 Corporate Presentation – Faroe Petroleum – slide 1
    Value through Acquisition of assets from DONG Energy AS July 2016
  2. July 2016 Corporate Presentation – Faroe Petroleum – slide 2
    Faroe Petroleum overview Value focused independent E&P company Successful E&P company focused on the wider North Sea Strong track record of delivering growth 10x increase in production since 2009: 79 mboepd 2016 30x increase in 2P…
  3. July 2016 Corporate Presentation – Faroe Petroleum – slide 3
    Consolidating a core hub area Acquisition of DONG Energys Norwegian North Sea production portfolio Transaction overview: Faroe has agreed to acquire a package of assets from DONG Energy for cash consideration of 70.21mm, effective 1…
  4. July 2016 Corporate Presentation – Faroe Petroleum – slide 4
    Transaction rationale A transformational deal for Faroe: perfect strategic fit Faroe taking advantage of a buyers market Majors, utilities and large independents looking to rationalise portfolios Revenue1 (mm) Faroe, as pre-qualified…
  5. July 2016 Corporate Presentation – Faroe Petroleum – slide 5
    Continuing our track record of delivery Consistent growth in reserves and production 2P Reserves (mmboe) (1) W.I. Production (mboepd) Faroe Faroe 15 17 DONG Assets DONG Assets 81 40x increase 61 16x increase 11 9 8…
  6. July 2016 Corporate Presentation – Faroe Petroleum – slide 6
    Creating value through production growth New cashflow enhances growth potential in Faroes existing portfolio Note: this chart is illustrative and not forward guidance and from existing, defined projects 25 - 35 mboepd Pil and…
  7. July 2016 Corporate Presentation – Faroe Petroleum – slide 7
    Core Ula hub: Ula Significant upside from further infill drilling and WAG reinjection scheme Faroe W.I. 20.0% Operator BP Partners BP (80.0%) 2P Reserves Gross (Net)1 42 (8.3) mmboe 2C Resources Gross (Net) 1 34 (7) mmboe 2016…
  8. July 2016 Corporate Presentation – Faroe Petroleum – slide 8
    Core Ula hub: Tambar Low cost production asset with upside from infill drilling Faroe W.I. 45.0% Operator BP Partners BP (55.0%) 2P Reserves Gross (Net) 1 14 (6.4) mmboe 2C Resources Gross (Net) 1 5 (2) mmboe 2016 4 months…
  9. July 2016 Corporate Presentation – Faroe Petroleum – slide 9
    Core Ula hub: Oselvar Mature producing field Faroe W.I. 55.0% Operator Faroe Partners CapeOmega (45.0%) 2P Reserves Gross (Net) 1 2 (1.3) mmboe 2016 4 months Production Gross2 (Net) 2,045 (1,125) boepd 1 CPR Jun 16 2 Grossed up…
  10. July 2016 Corporate Presentation – Faroe Petroleum – slide 10
    Core Ula hub: Butch synergy (existing portfolio) Simple, high-return oil development via Ula hub infrastructure Faroe W.I. 15.0% Operator Centrica (40.0%) Partners Suncor (30.0%), Tullow Oil (15.0%) 2P Reserves Gross (Net)* 42…
  11. July 2016 Corporate Presentation – Faroe Petroleum – slide 11
    Operated Trym gas field Low cost production with upside potential Faroe W.I. 50.0% Trym Operator Faroe N Harald Partners Bayerngas (50.0%) DK 2P Reserves Gross (Net) 1 8 (3.8) mmboe 2C Resources Gross (Net) 1 4 (2.1) mmboe 2016…
  12. July 2016 Corporate Presentation – Faroe Petroleum – slide 12
    Summary Attractive value play in the North Sea, enhanced by the transaction Acquisition of DONG assets is transformational Bilateral deal secures production portfolio in core hub area Material impact on production, reserves, cash…
  13. July 2016 Corporate Presentation – Faroe Petroleum – slide 13
    Appendices
  14. July 2016 Corporate Presentation – Faroe Petroleum – slide 14
    E&A Drilling activity Exploration and appraisal focussing on near field opportunities Prospect Equity 2016 2017 2018 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Brasse 50 % Brasse sidetrack 50 % Njord NF2 7.5% Dazzler/Bon 20 % Oshun 20 % Dobby…
  15. July 2016 Corporate Presentation – Faroe Petroleum – slide 15
    E&A Drilling activity Brasse discovery The Brage area (Faroe 14.3% in producing Brage field) Very prospective area Significant infrastructure including Oseberg, Brage and oil and gas export pipelines PL740 Brasse discovery Faroe…
  16. July 2016 Corporate Presentation – Faroe Petroleum – slide 16
    Greater Njord Area Key area for next phase of organic growth GNA has remaining reserves around 300mmboe* Njord/Hyme/Snilehorn over 200 mmboe* gross (Faroe over 15mmboe net) Pil 95 mmboe* gross (Faroe 24 mmboe net) Snilehorn & Hyme…
  17. July 2016 Corporate Presentation – Faroe Petroleum – slide 17
    Executive team Graham Stewart Helge Hammer Jonathan Cooper Chief Executive Officer Chief Operating Officer Chief Financial Officer Instrumental in founding Faroe Joined Faroe Petroleum in 2006 Joined Faroe Petroleum as Chief…

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