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Paredo Conference – Petrolia Se

Petrolia Se · Sep 5, 2013 · 30 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. Paredo Conference – Petrolia Se – slide 1
    PETROLIA SE Pareto Conference 2013 5 September 2013 Kjetil Forland & Vidar Bergo Larsen
  2. Paredo Conference – Petrolia Se – slide 2
    Contents 1. Company Profile 2. Turnaround and New 2015 Strategy 3. OilService 4. Drilling & Well Technology 5. E&P 6. Summary and Q&A
  3. Paredo Conference – Petrolia Se – slide 3
    Petrolia SE Company Profile Established in 1997, now an internationally recognised oil & gas service Group with E&P interests Headquartered in Cyprus with listing on the Oslo Stock Exchange (Ticker PDR) 3 business segments:…
  4. Paredo Conference – Petrolia Se – slide 4
    Turnaround and New Strategy
  5. Paredo Conference – Petrolia Se – slide 5
    The Petrolia Turnaround 2011 - 2013 Restructure IOT Group Establish Petrolia Norway AS Raising equity and restructure bond Re-domiciling and governance structures Managing inherited legal issues 5
  6. Paredo Conference – Petrolia Se – slide 6
    Petrolia SE 2015 Strategy Growing the business through: An upstream E&P business focusing on the NCS A highly profitable global oil services business A drilling and well technology unit with solid operational performance…
  7. Paredo Conference – Petrolia Se – slide 7
    Petrolia SE Core Business Units Going Forward Petrolia SE Drilling & Well E&P OilService Technology 7
  8. Paredo Conference – Petrolia Se – slide 8
    Q2 2013 P&L: Solid Growth and Performance All figures in USD millions Q2 2013 Q2 2012 Total Revenue 29.8 24.7 EBITDA, excl. exploration costs 9.9 4.1 Operating Expenses 19.9 20.6 Operating profit (loss) (12.3) (5.0) Net…
  9. Paredo Conference – Petrolia Se – slide 9
    Q2 2013 Balance Sheet Assets 30.06. 2013 31.12.2012 Total non-current assets 112,286 124,100 Total current assets 104,149 103,842 TOTAL ASSETS 216,435 227,942 Equity & Liabilities Majority interests 88,901 87,447 Minority…
  10. Paredo Conference – Petrolia Se – slide 10
    Shareholders as of September 2013 10
  11. Paredo Conference – Petrolia Se – slide 11
    OilService E&P OilService Drilling & Well Technology
  12. Paredo Conference – Petrolia Se – slide 12
    IOT Group Descrip5on of division Revenues (MUSD) 120 Independent Oil Tools (the IOT Group) is a 100 leading rental equipment company for the global oil industry 80 The company employs a sta of around 350 60 highly…
  13. Paredo Conference – Petrolia Se – slide 13
    Well-known Equipment and Service Provider IOT Group provides rental of drillpipe, downhole components, handling equipment, pressure control equipment and test tubing. IOT Group provides tubular running services, downhole fishing…
  14. Paredo Conference – Petrolia Se – slide 14
    Strong Market Outlook Source: Pareto Research 14
  15. Paredo Conference – Petrolia Se – slide 15
    World Class Customers 15
  16. Paredo Conference – Petrolia Se – slide 16
    Global Scale and Reach A world wide operation, delivering the highest quality of service 16
  17. Paredo Conference – Petrolia Se – slide 17
    Drilling & Well Technology E&P OilService Drilling & Well Technology
  18. Paredo Conference – Petrolia Se – slide 18
    Drilling & Well Technology Two state of the art land rigs : 150 Ton/1000 HP Ultrasingle Drilling Rig 150 Ton/1000 HP Ultrasingle Work-over rig (sale lease-back) One rig on contract in Romania until December 2013. The rig has…
  19. Paredo Conference – Petrolia Se – slide 19
    Exploration and Production E&P OilService Drilling & Well Technology
  20. Paredo Conference – Petrolia Se – slide 20
    Petrolia Norway Challenging Consensus Industry experience Inial por]olio in the & network Stord Basin Cost ecient, robust Challenging consensus and scalable business model Targeng 6 10 Drilling program fully…
  21. Paredo Conference – Petrolia Se – slide 21
    Targeting 6 10 licenses within 2015 Current Status Focus on Norwegian Continental Shelf (NCS) Pre-qualified as NCS license holder in Feb 2012 Awarded a 50% share of the promising PL674 in APA 2012 (east of Johan Sverdrup field) 10%…
  22. Paredo Conference – Petrolia Se – slide 22
    Experienced Team With a Broad Network Managing Director Vidar B. Larsen Administraon & Finance Communicaons Manager Slve Nilsen (SE/NUF) - Finance Manager Geir Bjrlo (c) Renate Brekke (SE/NUF) - Accountant Chrisne…
  23. Paredo Conference – Petrolia Se – slide 23
    Initial Portfolio in the Stord Basin Solid position through PL 674, PL 628, PL 506: Multiple Plays identified Jurassic, Cretaceous and Tertiary prospectivity mapped out new depositional models and reservoir presence. Limited…
  24. Paredo Conference – Petrolia Se – slide 24
    PL674 License Information Partners E.ON 50% (op) Petrolia 50% Location Blocks 16/3, 16/6, 17/1, 17/2, 17/4, 25/12 and 26/10 Norwegian North Sea, east of the Johan Sverdrup discovery Work program 3D seismic acquisition…
  25. Paredo Conference – Petrolia Se – slide 25
    PL628 License Information Partners Statoil 70% (op) Petoro 20% Petrolia 10% (pending governmental approval) Location East of Jotun Work program Drilling in Q4 2013 Drilling program fully funded 25
  26. Paredo Conference – Petrolia Se – slide 26
    PL506 License Information PL506S, BS, CS and DS Stratigraphic licensing Rocksource 25% (op), Petrolia 30%, Ithaca 25%, Petoro 20% Work program Well 26/5-1 drilled in April 2013 Under budget, but did not encounter hydrocarbons…
  27. Paredo Conference – Petrolia Se – slide 27
    APA 2013 Will submit APA 2013 applicaon at 12:00 11 September 2013 27
  28. Paredo Conference – Petrolia Se – slide 28
    Summary and Q&A
  29. Paredo Conference – Petrolia Se – slide 29
    Summary and Outlook Petrolia Norway: Experienced geological and engineering team with offices in Stavanger, Bergen and Oslo Challenging consensus Fully funded drilling program Targeting 6 10 licenses within 2015 Net annual…
  30. Paredo Conference – Petrolia Se – slide 30
    Petrolia SE 27 Spyrou Kypriano 4001 Limassol Republic of Cyprus Email: pdrpetrolia.no Website: www.petrolia.eu Q&A

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