Petronor E&p Asa · OSL:PNOR
Petronor E&p Asa — Arctic Webinar: Africa E&P Investor Forum 2021
10 slides from Petronor E&p Asa's conference presentation, May 19, 2021
Slide 1: Arctic Webinar: Africa E&P Investor Forum
Arctic Webinar : Africa E&P Investor Forum May 2021, Knut Søvold (CEO) March 2020
Slide 2: Balanced portfolio across the E&P value chain
Balanced portfolio across the E&P value chain Portfolio Overview 1 Production base – Congo-Brazzaville – PNGF Sud/Bis > Net production of 3850 bopd > Low cost and high margin production with significant organic growth potential > Operated by Perenco, a world-class operator of mature assets in emergi
Slide 3: Increasing ownership in PNGF Sud to 16.8% through Private Placement
Increasing ownership in PNGF Sud to 16.8% through a successful Private Placement of NOK 340m in March Overview of transactions Key information PNGF Sud > NOK 340m equity financing strongly supported by key shareholders > Petromal and NOR has strongly supported the capital raise > Two tranches due to
Slide 4: Production Base – PNGF Sud
1 2 3 Production Base – PNGF Sud1 High margin producer with growth potential Key facts PNGF Sud '000 bopd gross mmbbl gross 40 200 > Mature oil asset which came on stream in 1987 and holds a 30 150 significant remaining potential 20 100 > Located in shallow waters (80-100m) with significant infrastr
Slide 5: PNGF SUD - Material increase in production and cash flow
PNGF SUD - Material increase in production and cash flow Becoming a significant producer in Congo 15 well infill drilling program Production outlook (2P+2C+PNGF BIS 2C)1) kbbl/d Current 2P 10.5% 8 2C PNGF BisMGI enforcement (23.56%) IOR potentialSymero (16.83%)16.8% 7 PNGF Sud 2C Maintain plateau th
Slide 6: Consistent y-o-y reserves growth driven by strong production performance
Consistent y-o-y reserves growth driven by strong production performance Gross / net reserves increased 2.4x / 3.6x respectively1 Significant historical operational improvements 2020 : 2P reserves replacement ratio of ~300% 22 5.93 20 18 16 1.68 Net reserves, mmbbl 14 +28% 2.73 12 3.06 10 3.50 -0.87
Slide 7: The Aje field: Intention to revitalize license
1 2 3 The Aje field: Intention to revitalize license Key redevelopment Aje field location and partnership overview > Participating interest pending ministerial approval - process well advanced > Producing asset1 with significant upside potential to be unlocked through new partnership and different t
Slide 8: West African exploration “hotspot” – the MSGBC basin
1 2 3 West African exploration “hotspot” – the MSGBC basin The MSGBC exploration hotspot Overview map The MSGBC Basin – Mauritania - Senegal - Gambia - Guinea Bissau - Guinea Conakry – Sangomar Field1 is the key analogue for the MSGBC basin – Target production of 100.000 bopd in 2023 PetroNor – Re-e
Slide 9: Robust financial position enables further growth
Robust financial position enables further growth Financial platform and key principles for growth > Healthy balance sheet Robust capital > PetroNor aims to maintain a low financial leverage and conservative structure capital structure Positions PetroNor with the financial capacity and flexibility to
Slide 10: PetroNor 3-Year Target
PetroNor PetroNor 3-Year Target Reserves Production 300 mmbbl 30,000 boepd
PetroNor E&P — Arctic Webinar: Africa E&P Investor Forum 2021 on 6ix