2016 Continued Steady Progress Operational Highlights Strategic and Financial Highlights Vietnam Production 9,883 BOEPD 17.5m cash return to shareholders TGT development programme recommenced in late 2016, the first new drilling on…
2017 Update Operational Strategic and Financial Vietnam Production averaged 8,545 BOEPD YTD May guidance remains at 89,000 BOEPD Recommended dividend 5p/share Continued upgrade, optimisation and Cash inflow 42.7m received full…
Vietnam Cuu Long Basin Blocks Asset Map: Vietnam Overview Originally signed Petroleum Contract with PetroVietnam in 1999 Recently renewed a strong relationship with its partners and continue to review the development…
TGT Well Drilling Programme 2017 Currently drilling the TGT30P reservoir section and final well in programme (TGT14X) Infill wells executed on time and on budget TGTH428P TGTH427P Results to date in line with…
Local Water Handling On H1WHP Additional Equipment 1 Three Phase Separator 2 Compact Flotation Unit 4 3 Degassing System Chemical Injection 4 System 2 1 5 Flare and Ignition 5 System 3 Description Design…
Local Water Handling Project Schedule 2016 2017 Description Duration J F M AM J J A S O N D J F M AM J J A S O N D RAR Approval RAR approval CSR Approval CSR approval FFDP Approval FFDP approval Engineering Verification 1-2 months…
Vietnam: Blocks 125 & 126 Geological observations indicate: demonstrated source, generation and migration of oil in this basin; risk of gas Tertiary & Basement reservoirs Oil discovery in Block 124: Plains 124CMT1X (2009) confirms…
Vietnam: Exploration Potential Potential Work Programme Seismic acquisition, processing and interpretation 20172020 Exploration well 20212022 TGT Block Properties Medium to deep water Multiple structural and…
Africa: Marine XI Block Proposed PEXs 10
SOCO Today Productionoriented business model low cost, cash generative conventional oil assets Track record of consistent shareholder distributions Focus on growth while maintaining capital discipline no debt on balance sheet…
Business Challenges Maintain sustainable cash returns Diversify production base Achieve value growth Improve share liquidity Maintain full cycle capital discipline and financial flexibility 12
Corporate Strategy Maintain trackrecord of generating shareholder value through Organic & M&A growth Deliver capital to and diversification through shareholders investment in assets Capturing Potential Recognising…
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 14
Loading...
