Galp Energia, Sgps S.a. Class B · EURONEXT:GALP
Galp Energia, Sgps S.a. Class B — Galp Energia — Investor Day (March 2012)
16 slides from Galp Energia, Sgps S.a. Class B's investor day presentation, Mar 6, 2012
Slide 1: Upstream growth
Upstream growth Fernando Gomes Executive Director Capital Markets Day - March 6th 2012
Slide 2: A focused E&P strategy
A focused E&P strategy Resources and targets High potential exploration assets Delivering world class development projects 2 | Capital Markets Day - March 6th 2012
Slide 3: World class projects and a high potential exploration portfolio
World class projects and a high potential exploration portfolio E&P portfolio Core area Potential area 3 | Capital Markets Day - March 6th 2012
Slide 4: Capturing value from early exploration to production
Capturing value from early exploration to production E&P projects lifecycle Development Production Exploration Appraisal cumulative value creation Galp Energia is present in the entire upstream value chain 4 | Capital Markets Day - March 6th 2012
Slide 5: Focus on de-risking exploration assets
Focus on de-risking exploration assets Project screening process Focus on high-risk / high-reward projects Screening the most relevant projects - to be developed first Continuous de-risking process Risk Adding value to consortium decision making process Ensuring financial discipline and +
Slide 6: Galp Energia is well positioned for future delivery
Galp Energia is well positioned for future delivery Exploration footprint Exploration status First mover advantage Solid track record in identifying, accessing and delivering high Low entry costs potential and unexplored basins Leverage Portuguese flavour Knowledge on deepwater projects
Slide 7: Enlarging our presence in key geographies with competitive advantages
Enlarging our presence in key geographies with competitive advantages Key geographies of the E&P portfolio Focus on well-known geologies and geographies Access to new acreage in specific areas based on geological, regulatory, fiscal and political contexts Brazil Aim to access areas with more M
Slide 8: A focused E&P strategy
A focused E&P strategy Resources and targets High potential exploration assets Delivering world class development projects 8 | Capital Markets Day - March 6th 2012
Slide 9: Drilling activity throughout 2012 expected to unlock more than 100 Mln boe
Drilling activity throughout 2012 expected to unlock more than 100 Mln boe Exploration resources1 (Mln boe) Unrisked Santos basin Risked + 11% Other Brazil 2,821 Other areas 2,550 494 478 2010 2011 Several high impact prospects identified within Galp Energia’s portfolio 1 Mean estimate 9 | Capital M
Slide 10: Outstanding exploration delivery translated into contingent resources upgrade
Outstanding exploration delivery translated into contingent resources upgrade Contingent resources1 (Mln boe) + 13% 2,672 2,356 + 15% 754 870 + 17% 172 202 2010 2011 2010 2011 2010 2011 1C 2C 3C 1 Working interest resources 10 | Capital Markets Day - March 6th 2012 Source: DeGolyer and MacNaughton @
Slide 11: Balanced and diversified resource base
Balanced and diversified resource base 3C contingent resources1 Oil Lula/Cernambi Gas Iara Júpiter Other Brazil Angola Mozambique Diversification of resource base towards gas Pre-salt Santos basin accounting for over 75% of total contingent resources 1 Working interest resources 11 | Capital Markets
Slide 12: Continuously de-risking contingent resource base
Continuously de-risking contingent resource base Reserves1 (Mln boe) + 24% 709 574 + 0% 397 399 + 14% 128 145 2010 2011 2010 2011 2010 2011 1P 2P 3P 1Net entitlement reserves 12 | Capital Markets Day - March 6th 2012 Source: DeGolyer and MacNaughton @ 31/12/2011
Slide 13: Lula and Cernambi fields are the main contributors to reserve base
Lula and Cernambi fields are the main contributors to reserve base 3P reserves1 Oil Brazil Gas Angola Gas reserves accounts for c.15% of total Lula and Cernambi development projects continuously gaining relevance 1 Net entitlement reserves 13 | Capital Markets Day - March 6th 2012 Source: DeGolyer a
Slide 14: Lula and Cernambi project is the main driver for production growth
Lula and Cernambi project is the main driver for production growth Working interest production (kboepd) 300 + • Mozambique • Iara • Júpiter • other areas 70 + 21 2011 2015E 2020 target Angola Lula / Cernambi other areas 14 | Capital Markets Day - March 6th 2012
Slide 15: Acronyms
Acronyms # Number GWh Gi ga Wa tt hour $ Uni ted States dol l a r HSE Hea l th, Sa fety a nd Envi ronment % Percentage IPO Ini tia l Publ i c Offeri ng 2D Two di mens i ona l s ei s mi c Kboepd Thous a nd ba rrel s of oi l equi va l ent per da y 3D Three di mens i ona l s ei s mi c Kbpd Thous a nd b
Slide 16: Disclaimer
Disclaimer Financial outlook figures are RCA figures except otherwise noted. Matters discussed in this presentation may constitute forward-looking statements. Forward-looking statements are statements other than in respect of historical facts. The words “believe,” “expect,” “anticipate,” “intends,”