Dno Asa Class A · OSL:DNO

Dno Asa Class A — Pareto Oil & Offshore Seminar 2001

43 slides from Dno Asa Class A's conference presentation, Sep 5, 2001

  1. Slide 1: DNO ASA - Pareto Oil & Offshore Seminar

    DNO ASA Pareto Oil & Offshore Seminar 5 September 2001 Helge Eide Managing Director PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  2. Slide 2: Pareto Oil & Offshore Seminar 2001 agenda

    PARETO OIL & OFFSHORE SEMINAR 2001 • Introduction • Financial Performance • Overview of Activities • Short Term Outlook PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  3. Slide 3: DNO ASA

    DNO ASA • Niche Oil Company • Substantial expansion during past 5 years • Solid basis for further growth PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  4. Slide 4: Key Strategies

    KEY STRATEGIES • Operator or active Partner • Project-oriented Network • Investments in Rigs and Oil Service PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  5. Slide 5: DNO's Vision

    DNO’S VISION ”DNO shall be a leading, international niche player engaged in both the development of smaller oil & gas fields, and in extended production and increased recovery from mature petroleum fields.” PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  6. Slide 6: Business Structure

    BUSINESS STRUCTURE DNOASA DNO ASA Oil&&Gas Oil Gas Offshore&& Offshore Services Services PDR ASA 37,2% DetNorske Det Norske DNOBritain DNO Britain DNO DNO PDR ASA IOT AS 37,2% 100,0% IOT AS 100,0% OljeselskapAS Oljeselskap AS Ltd Ltd International International Clampon AS 36,0% Clampon AS 36,0% 12 P

  7. Slide 7: License Portfolio

    LICENSE PORTEFOLIO NORWAY NORWAY Lisence Lisence Interest Interest Operator Operator Jotun Jotun 3.25% 3.25% Exxon/Mobil Exxon/Mobil Glitne Glitne 10.00% 10.00% Statoil Statoil PL203 PL 203 15.00% 15.00% N.N.Hydro Hydro Tyr Tyr 10.00% 10.00% AmeradaHess Amerada Hess PL148 PL 148 30.00% 30.00% Amerad

  8. Slide 8: Agenda

    PARETO OIL & OFFSHORE SEMINAR 2001 • Introduction • Financial Performance • Overview of Activities • Short Term Outlook PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  9. Slide 9: Highlights 1. H 2001

    HIGHLIGHTS 1. H 2001 Average Oil Production: 13.011 BOPD Operating Revenue: MNOK 561,5 Operating Profit: MNOK 189,2 EBITDA: MNOK 293,1 Bond Issue: MNOK 500 Free Cash Reserves as of June 2001: MNOK 474,5 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  10. Slide 10: Oil Production 2000-2001

    OIL PRODUCTION 2000-2001 BOPD 20.000 15.000 13.174 12.881 10.000 8.638 6.303 6.695 6.048 5.000 0 1. Q 00 2. Q 00 3. Q 00 4.Q 00 1. Q 01 2. Q. 01 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  11. Slide 11: Business Performance 2000-2001

    BUSINESS PERFORMANCE 2000-2001 MNOK 350 300 250 200 150 100 50 - 1. Q 00 2. Q 00 3. Q 00 4. Q 00 1. Q 01 2. Q 01 OPERATING REVENUE PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  12. Slide 12: Business Performance 2000-2001

    BUSINESS PERFORMANCE 2000-2001 MNOK 350 300 250 200 150 100 50 - 1. Q 00 2. Q 00 3. Q 00 4. Q 00 1. Q 01 2. Q 01 OPERATING REVENUE OPERATING PROFIT PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  13. Slide 13: Business Performance 2000-2001

    BUSINESS PERFORMANCE 2000-2001 MNOK 350 300 250 200 150 100 50 - 1. Q 00 2. Q 00 3. Q 00 4. Q 00 1. Q 01 2. Q 01 OPERATING REVENUE OPERATING PROFIT EBITDA PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  14. Slide 14: 1. H 2001 Main Financials

    1. H 2001 Main Financials 1. H 1. H NOK mill. 2001 2000 Average Oil Production (BOPD) 13 011 6 604 Operating Revenue 561,5 302,1 Operating Profit 189,2 90,9 Result before tax 161,4 98,5 Result after tax 67,9 67,5 EBITDA 293,1 133,1 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  15. Slide 15: Oil Production 1996 - 2001

    OIL PRODUCTION 1996 - 2001 BOPD 15000 10000 5000 0 1996 1997 1998 1999 2000 2001 * * 1 H 2001 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  16. Slide 16: Revenue & EBITDA 1996 - 2001

    REVENUE & EBITDA 1996 - 2001 700 MNOK 600 500 400 Operating Revenue 300 200 100 0 PRESENTATION 1996 1997 1998 1999 2000 2001 * PARETO OIL & OFFSHORE SEMINAR * 1 H 2001 5. SEPTEMBER 2001 DNO ASA

  17. Slide 17: Revenue & EBITDA 1996 - 2001

    REVENUE & EBITDA 1996 - 2001 MNOK 700 600 500 400 Operating Revenue EBITDA 300 200 100 0 PRESENTATION 1996 1997 1998 1999 2000 2001 * PARETO OIL & OFFSHORE SEMINAR * 1 H 2001 5. SEPTEMBER 2001 DNO ASA

  18. Slide 18: Book Value of Total Assets 1995 - 2001

    BOOK VALUE OF TOTAL ASSETS 1995 - 2001 MNOK 3000 2500 2000 1500 1000 500 140 0 DEC 1995 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  19. Slide 19: Book Value of Total Assets 1995 - 2001

    BOOK VALUE OF TOTAL ASSETS 1995 - 2001 MNOK 3000 2294 2500 2000 1500 1000 500 140 0 DEC 1995 JUNE 2001 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  20. Slide 20: Agenda

    PARETO OIL & OFFSHORE SEMINAR 2001 • Introduction • Financial Performance • Overview of Activities • Short Term Outlook PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  21. Slide 21: License Portfolio - UK

    LICENSEPORTEFOLIO - UK UK UK Lisence Interest Operator Lisence Interest Operator Heather 100.00% DNO Heather 100.00% DNO W. Heather 100.00% DNO W. Heather 100.00% DNO P. 250 100.00% DNO P. 250 100.00% DNO Claymore 1.00% Talisman Claymore 1.00% Talisman Solan 3.70% Am. Hess Solan 3.70% Am. Hess PRESE

  22. Slide 22: UK Licenses

    UK LICENSES PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  23. Slide 23: Heather Area

    HEATHER AREA DUNLIN/MERLIN EIDER MURCHISON 3 TERN STATFJORD HUDSON HUTTON / NW HUTTON CORMORANT PELICAN BRENT 206 207 1 HEATHERLYELL STRATHSPEY Shetland ALWYN NORTH Islands EMERALD ELLON NINIAN/ DUNBAR COLUMBA ALLION 2 3 4 FRIGG 5 6 7 8 9 BRUCE 10 ey NESS NEVIS BERYL Heather Alpha GRYPHON ds HARDING

  24. Slide 24: Heather Resources

    HEATHER RESOURCES Prospect with 60 – 220 mill. bbls Resource potential Heather Main SS “ PETROLIA” West Heather + North Terrace South Terrace P + P Reserves 50 MILL. FAT South-West Heather 2/4 2/5 3/1 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  25. Slide 25: Heather & West Heather

    HEATHER & WEST HEATHER Heather + West Heather Development Concept 50 Mill. BOE PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  26. Slide 26: License Portfolio - Norway

    LICENSE PORTEFOLIO - NORWAY NORWAY License Interest Operator Jotun 3.25% Exxon/Mobil Glitne 10.00% Statoil PL 203 15.00% N. Hydro Tyr 10.00% Amerada Hess PL 148 30.00% Amerada Hess PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  27. Slide 27: Norway

    NORWAY JOTUN FIELD - 3.25 % (EXXON/MOBIL OPERATOR) GLITNE FIELD - 10,00 % (STATOIL OPERATOR) PL 203 - 15.00 % (NORSK HYDRO OPERATOR) PL 006C - 10.00 % (BP OPERATOR) PL 148 - 30.00 % (AMERADA HESS OPERATOR) PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  28. Slide 28: Jotun

    JOTUN 2000 PRODUCTION- 122.000 BOPD % 180 100 160 90 140 80 70 Vanninnhold Produksjon (kbd) 120 60 100 50 80 40 60 30 40 20 INITIAL RESERVERS: 190/33 MMBBL/BSCF PRESENTATION 20 10 PARETO OIL & OFFSHORE 0 0 FIRST OIL NOVEMBER 1999 SEMINAR 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 År 5. SEPTE

  29. Slide 29: Jotun

    JOTUN Jotun Partners Exxon/Mobil (OP) : 45.00 % DNO : 3.25 % Enterprise : 45.00 % Conoco : 3.75 % SDØE : 3.00 % BOPD 2001 4000 Net to DNO 2000 (3.25 %) 0 PRESENTATION PARETO OIL & OFFSHORE JAN FEB MAR APR MAI JUN SEMINAR 5. SEPTEMBER 2001 DNO ASA

  30. Slide 30: Glitne

    GLITNE Sm3/dag Production Forecast 7000 6000 5000 4000 3000 2000 1000 0 07.2001 01.2002 01.2003 01.2004 Reserves: 25 mill. BOE Net to DNO 2,5 mill. BOE (10 %) PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  31. Slide 31: Glitne

    GLITNE Statoil Operator 58.9% DNO 10.0 % Total/Elf/Fina 21.8% Pelican 9.3% First Oil 29 August 2001 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  32. Slide 32: PL 203

    PL 203 Status: Field Development Plan for gas late 2001 Development of oil resources now more likely Resources (Net to DNO): Gas: 7 mill. BOE Oil: 3 mill. BOE PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  33. Slide 33: Tyr Prospect (PL 006 C)

    TYR PROSPECT (PL 006 C) Resource Potential: (Net to DNO): 12 mill. BOE Expected start of drilling: November 2001 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  34. Slide 34: License Portfolio - Yemen

    LICENSE PORTEFOLIO - YEMEN YEMEN License Interest Operator Tasour 41.00% DNO Sharyoof 24.45% Dove Energy PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  35. Slide 35: Yemen

    YEMEN 280.000 bopd production PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  36. Slide 36: Yemen

    YEMEN Tasour Tasour Sharyoof Sharyoof Tasour Initial Reserves: 8 Mill. BOE (DNO 3.1 Mill. BOE) PRESENTATION Sharyoof Initial Reserves: 25 Mill. BOE (DNO 6.1 Mill. BOE) PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  37. Slide 37: Yemen

    YEMEN BOPD 2001 6000 4000 2000 0 JAN FEB MAR APR MAI JUN Tasour Net to DNO Fast Track Development - 9 months - MUSD 15 First Oil November 2000 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  38. Slide 38: Agenda

    PARETO OIL & OFFSHORE SEMINAR 2001 • Introduction • Financial Performance • Overview of Activities • Short Term Outlook PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  39. Slide 39: Main Activities 2 H 2001

    MAIN ACTIVITIES 2 H 2001 • First Oil on Glitne • Drilling on West Heather • Drilling in the Tasour Area • PDO on PL 203 • First Oil on Sharyoof • Drilling the ”Tyr” Prospect PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  40. Slide 40: DNO Reserves (P+P) as of June 2001

    DNO RESERVES (P+P) AS OF JUNE 2001 MILL BOE 110 90 74,7 70 67 AS OF JANUARY 2001 50 PRODUCED 1 H 2001 PL 203 30 AS OF JUNE 2001 10 10 -10 -2,3 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  41. Slide 41: DNO Resource Potential

    DNO RESOURCE POTENTIAL MILL BOE 250 200 12 150 TYR 120 WEST HEATHER (P50) 100 AS OF JUNE 2001 50 74,7 0 PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  42. Slide 42: DNO ASA

    DNO ASA • Niche Oil Company • Substantial expansion during past 5 years • Solid basis for further growth PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

  43. Slide 43: PRESENTATION PARETO OIL & OFFSHORE SEMINAR

    PRESENTATION PARETO OIL & OFFSHORE SEMINAR 5. SEPTEMBER 2001 DNO ASA

DNO — Pareto Oil & Offshore Seminar 2001 on 6ix