Galp Energia, Sgps S.a. Class B · EURONEXT:GALP
Galp Energia, Sgps S.a. Class B — Galp Energia — Investor Day (March 2012)
20 slides from Galp Energia, Sgps S.a. Class B's investor day presentation, Mar 6, 2012
Slide 1: High potential exploration assets
High potential exploration assets Roland Muggli Head of Exploration 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: Over 100 prospects and leads currently in exploration funnel
Over 100 prospects and leads currently in exploration funnel Screen Evaluate Drilling Appraisal Bracuhy Caramba Carcará Iara Amazonas Pernambuco Júpiter Angola LNG II East Timor Mozambique Uruguay New ventures Potiguar Block 141 Alentejo Block 14K1 Espírito Santo Block 331 Peniche Block 321 Campos 1
Slide 4: Still a lot of upside potential from current exploration portfolio
Still a lot of upside potential from current exploration portfolio Exploration portfolio – potential/risk profile Mozambique Lower risk Espírito Santo basin Júpiter Blocks 14/ 14K Campos basin Caramba Blocks 32/33 BM-S-8 Alentejo basin Potiguar basin Higher risk Pernambuco basin Peniche basin East T
Slide 5: Mozambique embraces a world class province
Mozambique embraces a world class province Rovuma basin discoveries Mamba South-1 and North-1 wells discovered gas in place resources of up to 30 Tcf Excellent reservoir characteristics in terms of porosity and permeability Mamba North-1 test flowed 1 mln m3/d (35 mmscf/d) constrained by test
Slide 6: Intense exploration and appraisal campaign in place
Intense exploration and appraisal campaign in place Area 4 discoveries Back-to-back drilling of 5 exploration/appraisal wells in 2012 with testing operations Plan to also test a separate Eocene/Paleocene prospect not connected to Mamba structure Block holds additional prospectivity warranting
Slide 7: Key Júpiter NE appraisal well in 2012
Key Júpiter NE appraisal well in 2012 BM-S-24 Júpiter discovery well found a reservoir of significant oil, condensate and gas with CO2 content Júpiter NE appraisal well expected to be drilled in 2H2012 testing a thicker pre-salt reservoir section Primary aim is to assess CO2 distribution and t
Slide 8: Testing Caramba resource upside in 2013
Testing Caramba resource upside in 2013 BM-S-21 Caramba well in 2007 found a reservoir of light oil Caramba pre-salt discovery with significant updip potential Plan to drill Caramba Sul appraisal well in 2013 Expected DoC by April 2015 8 | Capital Markets Day - March 6th 2012
Slide 9: 3rd exploration well outcome is key to support a development plan
3rd exploration well outcome is key to support a development plan BM-S-8 Evaluation plan for 2,432 km2 Two exploration wells to date encountered high API pre-salt oil in Bem-Te-Vi and Biguá accumulations 3rd exploration well, Carcará currently being drilled Results will be an important contr
Slide 10: New frontier area with high potential
New frontier area with high potential Pernambuco basin Underexplored basin 3D seismic acquired over entire concession covering prospects in structural/stratigraphic trapping configuration Multiple objectives of over Tertiary/Cretaceous intervals (clastics/carbonate) Maturation of identified
Slide 11: Espírito Santo is a highly prolific oil and gas province
Espírito Santo is a highly prolific oil and gas province Espírito Santo basin Extensive portfolio of prospects mapped Targets: Upper Cretaceous and Tertiary turbiditic sandstones structurally trapped against salt diapirs 2nd exploration well, targeting post- salt prospect to be drilled by 2012
Slide 12: New frontier province with significant resource potential
New frontier province with significant resource potential Potiguar basin Two contracts including stakes in five blocks, covering an acreage of 3,736 km2 Prolific shallow waters area located near Brazilian equatorial margin 9 prospects identified in water depths of 1,500m in a predominantly str
Slide 13: Exploration phase extended in East Timor
Exploration phase extended in East Timor East Timor Timor island accretionary wedge and foreland basin (Northern Bonaparte) First frontier exploration well Cova-1 in 2011 was considered to be non- commercial Well data allowed to re-evaluate entire concession including deeper plays (Permian, Tr
Slide 14: Alentejo basin exploration drilling to start as early as 2013
Alentejo basin exploration drilling to start as early as 2013 Alentejo basin Mesozoic rift basin with large structures identified 1,800 km2 of 3D seismic with excellent quality acquired in 2011 Several prospects identified with significant resource potential Drilling decision for the 1st exp
Slide 15: Exploration activities still in early stages
Exploration activities still in early stages Uruguay 6,290 km of 2D seismic over Blocks 3 and 4 in Punta del Este basin 2D seismic evaluation ongoing with focus on Tertiary stratigraphic and Paleozoic syn-rift plays Several leads identified with significant upside potential Basin modelling t
Slide 16: Optimising upside potential nearby existing infrastructure
Optimising upside potential nearby existing infrastructure Blocks 14/14k Investment strategy is to provide new volumes for the existing facilities Pinda targets present the largest defined exploration volumes in existing DA’s Fault bounded structures (rafts) at Pinda Fm level Drill one Pinda
Slide 17: Evaluation program on track in blocks 32 and 33
Evaluation program on track in blocks 32 and 33 Blocks 32/33 Block 32 Five year exploration program to develop 2nd hub in block 32 Two exploration/appraisal wells in 2H12 (Gengibre-3 / Caril -2) Oligocene/Miocene channels in mixed trapping configuration Block 33 One exploration well Sumate-1
Slide 18: More than 20 exploration and appraisal wells to drill in 2012
More than 20 exploration and appraisal wells to drill in 2012 2012 Country Area Total 1Q 2Q 3Q 4Q Lula A1 A1 A1 3 Cernambi A1 1 Iara A 1 Brazil BM-S-8 E 1 BM-S-24 A 1 Potiguar offshore E 1 BM-ES-31 E 1 Block 14 E1 1 Block 32 E1 A1 2 Angola Block 33 E 1 LNG II A A A 3 Mozambique Rovuma E A A E E/A E/
Slide 19: 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 20: 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,”