Dno Asa Class A · OSL:DNO
Dno Asa Class A — DNO International — Macquarie Explorers Conference 2013
26 slides from Dno Asa Class A's conference presentation, Jan 7, 2013
Slide 1: Macquarie Explorers Conference
MACQUARIE Explorers Conference 7 January 2013
Slide 2: Disclaimer
Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections abo
Slide 3: Content
Content • Introduction • 2012 Drilling results • Projects and Plans 2013 • Summary DNO - Macquarie Explorers Conference - 7 January 2013 3
Slide 4: A MENA focused exploration and production company
DNO International A MENA focused exploration and production company 2P reserves (CWI) Kurdistan (Iraq) Tunisia 600 500 400 300 200 United Arab Emirates 100 0 2009 2010 2011 2012 Oman 2012 reserves as per 31 March 2012 (March) Production (CWI) Yemen 50,000 40,000 • Diversified operations Significant
Slide 5: DNO holds 530.5 million boe as of March 2012
P50 reserves on Company Working Interest basis: DNO holds 530.5 million boe as of March 2012 Africa Northern Europe Yemen Kurdistan Oman UAE 600 500 400 300 200 100 0 2005 2006 2007 2008 2009 2010 2011 2012 Million barrels of oil and oil equivalents – P50, Company Working Interest DNO - Macquarie Ex
Slide 6: High drilling activity continue into 2013
High drilling activity continue into 2013 (Including firm and contingent wells in 2013) 7.1.2013 12 Wells completed in 2012 • Kurdistan Tawke PSC; T-16, T-14, T-14A, T-18, T-19 and Peshkabir-1 • Kurdistan Erbil PSC; Benenan-3 • Yemen; Tasour-27, Nabrajah-21 and -20 • Oman; West Bukha-4 and -5 5 Well
Slide 7: 2012 Kurdistan Fieldwork Location Map
2012 Kurdistan Fieldwork Location Map Tawke PSC Bekhme Gorge Dohuk PSC Erbil PSC DNO - Macquarie Explorers Conference - 7 January 2013 7
Slide 8: Fractured Reservoir Characterisation Using Outcrop Analogues
Fractured Reservoir Characterisation Using Outcrop Analogues DNO - Macquarie Explorers Conference - 7 January 2013 8
Slide 9: Tawke Wells
Tawke Wells Tawke-14A Tawke-17 Tawke-19 Tawke-16 Tawke-18 DNO - Macquarie Explorers Conference - 7 January 2013 9
Slide 10: New Tawke Wells 2012
New Tawke Wells 2012 Tawke-16 • Confirmed significant additional in place volume in the north flank of Tawke • Completed as producer Tawke-18 • Primary objective to increase Cretaceous production capacity from the Tawke, secondary to test the footwall prospect • Decision was made to perforate and co
Slide 11: Tawke-14A (side-track)
Tawke-14A (side-track) Cretaceous producer • Tawke-14 was drilled as a producer on the Tawke North Flank, but missed the main Cretaceous producing interval • T-14A is a sidetrack from T-14, and has successfully reached TD in the Cretaceous main reservoir body – completion ongoing, test production to
Slide 12: Tawke-17
Tawke-17 A combined exploration and production well • Primary objective to test the deeper prospective resources of Jurassic and Triassic • Secondary well objective is to add Cretaceous production capacity from the Tawke Field • Currently drilling ahead DNO - Macquarie Explorers Conference - 7 Janua
Slide 13: Tawke-20
Tawke-20 Pilot to land first horizontal producer in Cretaceous BEAM v2 Seismic PSDM Seismic DNO - Macquarie Explorers Conference - 7 January 2013 13
Slide 14: Peshkabir-1
Tawke PSC Peshkabir-1 • Confirmed movable oil in Jurassic • Discovery notice submitted • 200 sq km 3D seismic survey ongoing as part of a comprehensive appraisal program • Fast track 3D cube ready by February 2013 DNO - Macquarie Explorers Conference - 7 January 2013 14
Slide 15: Benenan-3
Benenan-3 A combined appraisal and production well • Benenan-3 initiated the Benenan and Bastora field development • The well was originally planned to be a horizontal producer in the Upper Najmeh reservoir • The pilot well encountered movable oil in the Bekhme formation and proved an additional 210
Slide 16: West Bukha-5
West Bukha-5 A horizontal designed producer A • West Bukha-5 was drilled as a horizontal well at the top of Thamama • Acid stimulation improved the productivity and the well has • Completed as producer WB-5A TD Ilam WB-5A WB-3 B WB-3 Fault zone Nahr Umr A Thamama B OWC DNO - Macquarie Explorers Conf
Slide 17: West Bukha-4
West Bukha-4 A long step out from the field centre • West Bukha-4 has successfully appraised the SE part of the West Bukha Field and was drilled to 6,000 meters (MD) • The well as been completed as a near horizontal producer in the main producing Wasia reservoir • Completed as producer DNO - Macquar
Slide 18: Nabrajah-20 and -21
Nabrajah-20 and -21 Horizontal Qishn producers Qishn Carbonate Qishn Carbonate Qishn Carbonate Qishn Carbonate Qishn Carbonate • Nabrajah-21 is the first horizontal Qishn producer, drilled east in the field Qishn Carbonate • Nabrajah-20 was drilled back-to-back with N-20, a horizonral well west in t
Slide 19: Exploration
Yemen BL 43 Exploration • 3D seismic acquisition in 2013, for detailed mapping of the Raydah trend leads • Continue on Nabrajah ”deep”: Assessment of additional Basement potential in and near-by the Nabrajah Field • Review of other leads Dahgah-1 Thoub-1Mesari-1 Raydah Shaibah-1 Yaalen-2 Yaalen-1 Bl
Slide 20: Yaalen Development
Yemen BL 47 Yaalen Development • Production from 2 - 5 wells • 1 well for injection of produced water Yaalen-‐4 target • CPF Located at Yaalen • Trucking of crude to Block 43 Nabrajah CPF Yaalen-‐5 tenta:ve • Facilities required in Block 43 for final processing of crude to sales quality and export
Slide 21: Summail Field
Dohuk PSC Summail Field • Summail has been mapped on newly acquired 3D seismic • Field Development studies of a gas development in progress • Supply local Power/Thermal Stations close to Dohuk City • Heavy Oil studies ongoing DNO - Macquarie Explorers Conference - 7 January 2013 21
Slide 22: Saleh Field Redevelopment and Rak B
Ras Al Khaimah Saleh Field Redevelopment and Rak B Saleh Field Revised Development Strategy – A deeper un-depleted Thamama reservoir is targeted for the field re-development – Drilling and producing from one horizontal well as first stage in the field re-development planned for 2013 – Favourable fis
Slide 23: Exploration in Tunisia
Exploration in Tunisia FKIRINE onshore Prospecting Permit • Geochemical survey completed • 2D seismic campaign: acquisition of 261 kms from 19th August till 24th September • Processing completed (CGGV) • 300 kms existing seismic reprocessing should be performed by January 2013 • Commitments of the P
Slide 24: Exploration Onshore Oman
Exploration Onshore Oman • Several small gas discoveries in Block 30 • Maturing the Al Jariya prospect for possible drilling in 2013 • Pursuing new acreage through license rounds and farm-ins AL’JARIYA Prospect DNO - Macquarie Explorers Conference - 7 January 2013 24
Slide 25: Prospect Portfolio
Prospect Portfolio • Current Portfolio contains 19 prospects • Expected farm-down of gas prospects prior to drilling not included Category Oil Gas Oil & Gas Mmbo Bscf Mmboe Gross Unrisked 666 906 827 WI Unrisked 380 906 540 DNO - Macquarie Explorers Conference - 7 January 2013 25
Slide 26: Summary
5 Summary Tunisia Onshore and offshore 1 Kurdistan exploration prospects World-class field (s) Target growth opportunities Reserves and production • DNO is today operating oil fields in the Understand the subsurface and manage the reservoirs region with gross capacity around Discov
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