Steady progress made during 1H 2014 Vietnam production in line with our expectations 13,960 BOEPD in 1H 2014 2014 full year guidance 1415,000 BOEPD TGT FPSO total liquids test to 140,000 barrels of liquids successfully…
2014 capital spend programme Capex 1H14 vs 1H13, mm TGT 2014 drilling programme ongoing expect 8 wells in 2014 1H13 10 21 Total = 31mm 17PST1, 18PST1 and 11X wells completed with Ensco 109 rig; 19I well next 1H14 31 29 Total…
Vietnam production 2014 full year production guidance at 1415,000 BOEPD Total production, net to SOCO, averaged 13,960 BOEPD in 1H 2014, of which oil 12,154 BOPD TGT 30.5% WI TGT 11,929 BOEPD vs CNV 25% WI 14,967 in H1…
TGT field H5 development on track H5 development project on track to deliver first oil September / October 2015 H5 Reserve Assessment Report (RAR) approved on 18 June 2014 H5 Field Development Plan to be submitted to…
TGT field including H5 development Successfully completed FPSO total liquids test up to 140,000 barrels of liquids FPSO oil capacity test to beyond 60,000 BOPD expected in 1H 2015 pending completion of additional wells Evaluating…
TGT static and dynamic modelling ERC Equipoise engaged to build new field wide models incorporating all available data Static geoscience model in progress Field simulation model history matching ongoing Results…
CNV Field fractured Basement field CNV7P well suspended due to unexpected subseismic geological problems Previous six wells drilled did not encounter this issue Indications are of a geothermally affected faulted/fractured zone…
Africa Current Portfolio Marine XI LXM101, 100% WI Lidongo X Marine 1, spudded 5th August Evaluation of discovery at 40.39% WI Lideka East on Marine XI is underway Mer Profonde Sud well to be drilled 2015 60% WI…
Congo Republic Marine XI LXM101 Well Extension of presalt Litchendjili Field (ENI) announced to be c.1.2bn boe in place Well spudded 5 August Target Depth: 2666 m; currently preparing to drill ahead after setting 13 3/8 casing…
Congo Republic Mer Profonde Sud (MPS) SOCO now operator of MPS block Various leads and prospects identified ranging 50 300 mmbo Offsets fields of 200 mmbo recoverable Engaged in drillsite determination G&G effort Seismic…
Outlook Continued strong cash generation from the Vietnam assets Production outlook for 2014 maintained at 1415,000 BOEPD Focus on continued development drilling on TGT including H5 Second phase of sustained capacity test on TGT…
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 16
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