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Research Analyst Meetings – EnQuest PLC

EnQuest PLC · May 7, 2019 · 14 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. Research Analyst Meetings – EnQuest PLC – slide 1
    Research analyst meetings May 2019
  2. Research Analyst Meetings – EnQuest PLC – slide 2
    EnQuest A clear strategy with a focused business model Strategic vision To be the operator of choice for maturing and underdeveloped hydrocarbon assets Focused business model A production and development led E&P business Utilises…
  3. Research Analyst Meetings – EnQuest PLC – slide 3
    EnQuest priorities Debt reduction remains the priority Deliver De-lever Grow Production growth Scheduled amortisation Potential for near-field, Cost control Targeting net short-cycle opportunities Capital discipline…
  4. Research Analyst Meetings – EnQuest PLC – slide 4
    2019 outlook Focused on projects that maximise cash flow Operating costs and Near-term opportunities Production capital spend Target: 63,000-70,000 Boepd Evaluation underway On track YTD Feb: 67,700 Boepd Maintain low unit…
  5. Research Analyst Meetings – EnQuest PLC – slide 5
    2P/2C reserves and resources Three world-class assets: Magnus, Kraken and PM8/Seligi 2P reserves of 245 MMbbls, an increase of 17% over 2017 Significant resource base in existing fields; delivered largely through drilling Magnus: 75%…
  6. Research Analyst Meetings – EnQuest PLC – slide 6
    Magnus A giant field with significant growth potential Magnus is one of 3 giant oil-fields in NNS; c.2bn boe HIIP c.50% RF; large volume of remaining mobile oil Secured early wins: plant de-bottlenecking, drilled 2 wells;…
  7. Research Analyst Meetings – EnQuest PLC – slide 7
    Magnus opportunity Significant 2P reserves and 2C resources 405500 406000 406500 407000 407500 408000 408500 409000 409500 410000 410500 411000 411500 412000 412500 413000 413500 414000 414500 415000 TR1 Triassic Northern Discovery…
  8. Research Analyst Meetings – EnQuest PLC – slide 8
    Kraken FPSO performance improving; work ongoing Material improvement in production efficiency in March/April compared to first two months of 2018 Main power engine activities: provision of clean, reliable fuel spares management…
  9. Research Analyst Meetings – EnQuest PLC – slide 9
    Kraken FDP drilling complete; upside opportunity in the Western Flank 2P reserves NW Area - Drilling and subsea infrastructure complete Barra DC3 Central West Focus on Production Efficiency and cost management 2C resources…
  10. Research Analyst Meetings – EnQuest PLC – slide 10
    PM8/Seligi A giant field with significant upside potential J18/20 Reservoir Outline with Initial Fluid Contacts Hotel c.2bn boe STOIIP; 12 stacked reservoirs; c.35% RF 0 Targets Alpha 9 Targets Historically strong production…
  11. Research Analyst Meetings – EnQuest PLC – slide 11
    Subsea tie-back opportunities Eagle discovery 2C resources EnQuest 100% High quality Fulmar reservoir discovered in 2016 through a single exploration well Analysis shows reservoir with a vertical thickness of 67ft excellent…
  12. Research Analyst Meetings – EnQuest PLC – slide 12
    Subsea tie-back opportunities Don NE and Ythan near field Don NE - 2C resources 14-1 100% EnQuest Development concept and economics under evaluation Dons P2137 - Accumulations and Top Brent Depth Contours June 2018 single…
  13. Research Analyst Meetings – EnQuest PLC – slide 13
    EnQuest A clear strategy with a focused business model Questions & Answers 12
  14. Research Analyst Meetings – EnQuest PLC – slide 14
    Forward-looking statements This presentation may contain certain forward-looking statements with respect to EnQuests expectation and plans, strategy, managements objectives, future performance, production, costs, revenues, reserves…

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