2015: Steady Progress Operational Highlights Strategic and Financial highlights Average production 12,000 BOEPD No debt TGT H5 wellhead platform on-stream, Attractive Vietnam production economics under budget, and ahead of…
2016: Build on Progress Operational Strategic and Financial Production averaged 11,000 BOEPD YTD May Focus on receiving 52.7m earn-out payment 2016 from disposal of Mongolia interest in 2005. Daqing have officially confirmed…
Current Areas of Operation Major UK investor in Vietnam SOCO has producing assets with Vietnam Africa strong potential in Vietnam (partnered with PetroVietnam and PTTEP) and an exploration/development portfolio in Africa…
Production & Optimisation Water shut-offs Negotiations with and perforations Remedial work on Upgrade FPSO liquid handling BAB ongoing high water cut wells capacity Water shut-offs Utilise ullage as 3rd and additional party…
Water Shut-offs and Perforations Additional Expected Actual Initial Oil Well Perforations Oil Gain (BOEPD) Gain (BOEPD) TGT-H1-5P Upper 5.2U 300 700 TGT-H4-12P 5.2U 300
Vietnam: Exploration Growth Blocks 125-126 Highlights Vietnam Prime Minister approval in May 2016 Full PSC negotiations with PetroVietnam are now underway Medium to deep water with multiple structural and stratigraphic plays…
Africa: Focus on Value Marine XI Cabinda North MPS 12 month extension to Decree issued to extend the Complete well evaluation complete detailed Block licence by three years and will relinquish licence evaluation mid-year 2016…
Value Creation Through Asset Transactions Operations Capital Markets Acquisition - UK, Yemen and First oil flow from Mongolia drilling 1997 Tunisia at IPO 1997 IPO - 65m 1997 Acquisition Territorial Resources. Development drilling…
Overview Uphold the highest standards of governance, safety and responsibility Continue our focus on value over growth through-cycle capital discipline low cash costs, 2016 expected opex costs to be c.10/boe maintain financial…
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
Loading...
