Full year results 2014 Introduction Andrew Gould Interim Executive Chairman FPSO Cidade de Mangaratiba, offshore Brazil 2014 Full year results 2014 TRCF* 2.5 2.26 2.0 1.92 Improved 1.63 safety 1.5 1.36 performance…
Full year results 2014 2014 Full year results Volumes Delivering growth projects E&P at 606 kboed 5 FPSOs onstream in Brazil 2014 178 LNG cargoes First LNG from QCLNG operational highlights Accelerating value creation…
Full year results 2014 2014 Full year results Brent price /bbl 160 140 Historical 120 oil price 100 80 60 40 20 0 1986 1990 1994 1998 2002 2006 2010 2014 Source: Bloomberg 7 2014 Full year…
Full year results 2014 Operational update Sami Iskander Chief Operating Officer QCLNG liquefaction plant, Curtis Island, Australia Operational update E&P volumes (kboed) 650 633 (50) 39 606 600 64 (19) (6) 9…
Full year results 2014 Operational update Net production (kboed) 50 Q4 net production 40 46 kboed 2014 Upstream infrastructure in place QCLNG 30 2 350 wells drilled delivery 1 600 wells available for 20 production or…
Full year results 2014 Operational update Net production (kboed) 120 100 Q4 net production 103 kboed 2014 80 3 FPSOs on plateau Brazil FPSO 5 (Iracema South) start-up in October delivery 60 FPSO 4 (Sapinho North) 40…
Full year results 2014 Operational update 5 more FPSOs due onstream 7 producer wells Brazil: pre-drilled Leased FPSOs 2016 and Work ongoing in Asian beyond shipyards Replicant FPSOs FPSO 10 in Brazil for integration work…
Full year results 2014 Operational update LNG cargoes 200 Europe & other North America Spot purchases LNG: Asia 150 South America remains the Equatorial Guinea focus 100 Nigeria Asia Egypt 50 Trinidad & Tobago…
Full year results 2014 Operational update mmboe 20000 18 511 17 771 221 mmboe reserves 17 016 monetised via production 4 583 4 740 Moved 350 mmboe to Reserves 15000 4 212 discovered resource from and 6 739 risked…
Full year results 2014 Operational update Focus on safety and asset integrity 2015 Upstream growth driven by Australia and Brazil operational Base assets: maximise throughput and minimise costs priorities Optimise LNG portfolio…
Full year results 2014 Financial review million 2014 2013 % change Upstream 3 947 4 967 -21% Financial LNG Shipping & Marketing 2 544 2 643 -4% highlights Total operating profit 6 537 7 616 -14% 2014 Net cash flow from…
Full year results 2014 Financial review E&P cost ( million) 8000 442 (178) 7 201 408 220 6 309 New 6000 DD&A developments drive 4000 Other E&P costs increased Royalties & other costs 2000 Lifting costs 0 2013…
Full year results 2014 Financial review LNG Shipping & Marketing total operating profit ( million) 2750 35 (133) 2 643 Spot 2500 (1) 2 544 purchases drive higher costs of 2250 supply 2000 2013 Volumes Margin, mix &…
Full year results 2014 Financial review billion 6 0.7 5.9 0.1 0.1 0.2 5 0.3 2.7 5.9 billion 4 post-tax non-cash 3 impairments 2 1.8 1 Commodity price impact Australia 0 QCLNG QCLNG Tunisia North Sea USA Others…
Full year results 2014 Financial review 2015 outlook billion 2013 2014 vs. 2014 Brazil development 1.8 2.4 Similar Reducing Lower by capital spend Australia development 5.7 3.6 50% Lower by Base assets development 2.4…
Full year results 2014 Financial review Production 650-690 kboed 2015 outlook LNG Shipping & Marketing total operating profit 0.7-1.0 billion Cash capital spend of 6-7 billion Group effective tax rate 45% Group sensitivity…
Full year results 2014 million 2500 2000 Capital market 1500 maturity 1000 profile 500 0 USD GBP EUR HKD Based on recent forward curve assumptions, excluding further changes to the portfolio 35 BG Group 2014…
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