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2017 Interim Results – Soco International Plc

Soco International Plc · Sep 13, 2017 · 12 slides

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Slides

  1. 2017 Interim Results – Soco International Plc – slide 1
    2017 Interim Results
  2. 2017 Interim Results – Soco International Plc – slide 2
    1H 2017 Continued Steady Progress Operational Highlights Financial Highlights 132.0m Cash, cash equivalents and Vietnam liquid investments 1H Production 8,606 BOEPD 42.7m cash inflow on Mongolian receivable Full Field…
  3. 2017 Interim Results – Soco International Plc – slide 3
    1H 2017 Financial Summary Income Statement US millions, unless otherwise stated 1H 2017 1H 2016 Commentary 1H 2017 production of 8,606 BOEPD (1H 2016: 10,862 BOEPD) Sales revenue 74.0 72.7 1H 2017 realised oil price of 53.90/bbl…
  4. 2017 Interim Results – Soco International Plc – slide 4
    1H 2017 Financial Summary Cash Flow US millions, unless otherwise stated 1H 2017 1H 2016 Commentary Operating cash flow before working 42.0 42.7 capital, interest and tax Cash taxes (22.7) (19.3) Net cash from operating…
  5. 2017 Interim Results – Soco International Plc – slide 5
    Vietnam Cuu Long Basin Blocks Asset Map: Vietnam Overview Originally signed Petroleum Contract with PetroVietnam in 1999/2000 TGT & CNV developments comprised construction of FPSO and four wellhead platforms over two…
  6. 2017 Interim Results – Soco International Plc – slide 6
    TGT Well Drilling Programme 20172018 H1.0 A/P TGT-30P TGT-15X TGT-H4-27P 2017 Drilled wells TGT-H4-28P 2018 well options TGT-H5-Infill T TGT-H5-29P TGT-14X H5S Re-entry 6
  7. 2017 Interim Results – Soco International Plc – slide 7
    Local Water Handling On H1WHP Date : August 2017 7
  8. 2017 Interim Results – Soco International Plc – slide 8
    Vietnam Blocks 125 & 126 Approval and authorisation to sign from Vietnamese authorities end August 2017 Preparation for formal signing OctNov 2017 Potential Work Programme Plains 124CMT1X (2009) Seismic acquisition, processing and…
  9. 2017 Interim Results – Soco International Plc – slide 9
    Africa Marine XI Block Proposed PEXs 9
  10. 2017 Interim Results – Soco International Plc – slide 10
    2017 Outlook Operational Financial Vietnam Expected 2017 capex and abandonment fund c.50m Reverse production decline at TGT field 35.0m for Vietnam and 15.0m for Africa Production guidance 89,000 BOEPD Continued upgrade,…
  11. 2017 Interim Results – Soco International Plc – slide 11
    Corporate Strategy Balance sheet strength and operating capability provides platform for growth 11
  12. 2017 Interim Results – Soco International Plc – slide 12
    SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com 12

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