Integrated Energy Services Data Pack – Petrofrac

Petrofrac · Jun 26, 2012 · 19 slides

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Slides

$Integrated Energy Services Data Pack – Petrofrac – slide 1$
Integrated Energy Services Data Pack 26 June 2012
$Integrated Energy Services Data Pack – Petrofrac – slide 2$
Purpose of this presentation To assist the capital markets in understanding the key operational activities and earnings drivers of the IES division over the period to 2015 It is not designed to provide guidance in respect of…
$Integrated Energy Services Data Pack – Petrofrac – slide 3$
Integrated Energy Services earnings guidance At the IES Capital Markets Day held in June 2011, we gave the following guidance: In 2015, IES will generate net income of around US200m from projects in operation/under development with…
$Integrated Energy Services Data Pack – Petrofrac – slide 4$
Key IES projects and operational activities Within IES, our projects are classified into three commercial models The below diagram shows the current key IES projects in the portfolio, organised by commercial model, and a summary of…
$Integrated Energy Services Data Pack – Petrofrac – slide 5$
Information provided for each commercial model The following slides describe the following for each of the three commercial models: A A reminder of how the commercial model works B The current projects within each portfolio…
$Integrated Energy Services Data Pack – Petrofrac – slide 6$
Production Enhancement Contracts A Under the PEC commercial model we are paid a tariff per barrel for production and Commercial Model therefore have no direct commodity price exposure PECs are appropriate for mature fields which…
$Integrated Energy Services Data Pack – Petrofrac – slide 7$
Production Enhancement Contracts C Ticleni, Romania Petrofac is providing production enhancement services to Petrom (the concession holder) for the Ticleni oilfield and its eight satellite fields in Romania The contract was signed…
$Integrated Energy Services Data Pack – Petrofrac – slide 8$
Production Enhancement Contracts C Magallanes and Santuario, Mexico Petrofac is providing production enhancement services to PEMEX (the concession holder) for the Magallanes and Santuario blocks in Tabasco State, central Mexico The…
$Integrated Energy Services Data Pack – Petrofrac – slide 9$
Production Enhancement Contracts D Operational Activities Key work items for the boosting of production include the drilling of new wells, the completion of well sidetracks and well workovers and water injection programmes There…
$Integrated Energy Services Data Pack – Petrofrac – slide 10$
Risk Service Contracts A Under the RSC commercial model we develop, operate and maintain a field, while the Commercial Model resource holder retains ownership and control of their reserves Our interests are aligned: we fund the…
$Integrated Energy Services Data Pack – Petrofrac – slide 11$
Risk Service Contracts D Berantai The key operational activities on the Berantai project include: 2012: achievement of first gas and the drilling of the initial phase one wells 2013: completion of the phase one drilling campaign and…
$Integrated Energy Services Data Pack – Petrofrac – slide 12$
Risk Service Contracts E Under the terms of the RSC, the Berantai partners receive a rate of return linked to their performance against an agreed incentive structure, including project costs, timing to first gas and sustained gas…
$Integrated Energy Services Data Pack – Petrofrac – slide 13$
Production Sharing Contracts A Under this commercial model we take a direct interest in a field via a PSC or Concession Commercial Model Agreement We have production and commodity price exposure Going forward, we expect to…
$Integrated Energy Services Data Pack – Petrofrac – slide 14$
Production Sharing Contracts C Block PM304, Malaysia Petrofac has a 30% operating interest in Block PM304 The interest was acquired in 2004 and is held through a PSC Petrofacs partners in the PSC are PETRONAS (30%), KUFPEC (25%) and…
$Integrated Energy Services Data Pack – Petrofrac – slide 15$
Production Sharing Contracts C Chergui, Tunisia Petrofac has a 45% interest in the Chergui gas field, held through a Concession Agreement The interest was obtained in 2007 from ETAP, the Tunisian national oil company, which holds…
$Integrated Energy Services Data Pack – Petrofrac – slide 16$
Production Sharing Contracts D Block PM304, Malaysia 2012: West Desaru completion of the early production system and achievement of first oil, which will be exported to the Cendor phase one FSO; Cendor phase two installation of the…
$Integrated Energy Services Data Pack – Petrofrac – slide 17$
Production Sharing Contracts D Chergui, Tunisia 2013-15: drilling of two wells to maintain plateau Operational Activities Greater Stella Area Development, UK 2012-15: completion of modification and upgrade of the FPF1,…
$Integrated Energy Services Data Pack – Petrofrac – slide 18$
Production Sharing Contracts E The below table shows our projection for net annual production and net income per barrel on Block PM304, the Chergui field and the Greater Stella Area development taken in aggregate Earnings…
$Integrated Energy Services Data Pack – Petrofrac – slide 19$
Financing the IES growth plan We continue to envisage gross investment of between US0.5 - 1.0 billion per year in IES on current and new projects until 2015 Projects are typically either fast-track developments (time frame of 1 3…

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