Dno Asa Class A · OSL:DNO
Dno Asa Class A — DNO International — Investor Day (2008)
19 slides from Dno Asa Class A's investor day presentation, 2008
Slide 1: Value Through Exploration
DNO INTERNATIONAL ASA VALUE THROUGH EXPLORATION
Slide 2: Value Creation Through Exploration
VALUE CREATION THROUGH EXPLORATION A STRUCTURED APPROACH TO EXPLORATION • Organic growth through exploration • The way we explore • Set the direction THE EXPLORATION VALUE CHAIN PRODUCE DEVELOP DRILL EXPLORE CAPTURE CAPITAL MARKETS DAY 2008 2
Slide 3: Exploration Assets
EXPLORATION ASSETS UNITED KINGDOM • More than 250 km2 of offshore exploration acreage • Mature area SYRIA KURDISTAN REGION OF IRAQ • 3,000 km2 of exploration acreage • 2,350 km2 of prime acreage • Frontier exploration • In the early Exploration phase YEMEN • More than 17,850 km2 of exploration acrea
Slide 4: The Way We Explore
THE WAY WE EXPLORE SMART EXPLORATION AND INTEGRATION OF DATA • Competence • Field Work • Satellite Images • Seismic • Wells, Logs and Cores • New technologies (EM and other) DNO geologist doing field work in Kurdistan CAPITAL MARKETS DAY 2008 4
Slide 5: Satellite and Surface Data
SATELLITE AND SURFACE DATA Satellite imagery from the Tawke PSC in Kurdistan Region of Iraq CAPITAL MARKETS DAY 2008 5
Slide 6: Structural Understanding
STRUCTURAL UNDERSTANDING CAPITAL MARKETS DAY 2008 6
Slide 7: Geological Interpretation
GEOLOGICAL INTERPRETATION CAPITAL MARKETS DAY 2008 7
Slide 8: Reservoir Model
RESERVOIR MODEL AN ILLUSTRATION OF THE TAWKE FIELD CAPITAL MARKETS DAY 2008 8
Slide 9: DNO Is Different
DNO IS DIFFERENT UNIQUE KNOWLEDGE • Offshore history – onshore success • Experience as an operator both onshore and offshore • Wide range of competencies • Subsurface and petroleum engineering • Petrophysics, operations geology, testing and data management • A ’hands on’ approach CAPITAL MARKETS DAY
Slide 10: Exploration Well Ranking Process
EXPLORATION WELL RANKING PROCESS WELL RANKING FLOW SHEET Management Corporate Request for Request for Exploration preliminary list DNO preliminary DNO final well drilling Wells in Business of drilling well list list candidates Plan candidates Business Units BU’s ranking of Mature drilling BU’s G&G L
Slide 11: Risking Procedure for Definition of POS
RISKING PROCEDURE FOR DEFINITION OF ”POS” PROBABILITY OF SUCCESS (POS) • POS to be defined for prospects • Prospects can vary in maturity from early evaluation to prospects ready to drill • Identify main critical factors • POS is case specific- the most likely or P50 case - high and low cases (P10 a
Slide 12: Exploration Direction
EXPLORATION DIRECTION KEY ELEMENTS • Maintain a series of growth options • Develop current positions in proven basins, known and new plays • Follow potential extensions of proven plays into adjacent basins • Pursue entries into frontier basins in the Middle East – Eastern Africa region, mainly onsho
Slide 13: Yemen: Remaining Potential
YEMEN: REMAINING POTENTIAL Chrono- strat. Masila Basin Tectonics 2D SEISMIC E. Oligocene 30 Red Sea ONE WELL Habshiya L. Eocene Priabonian 44 Rus Bartonian 40 Middle Eocene Jeza 2D SEISMIC Tertiary Lutetian Uplift 50 ONE WELL E. Pal. L. Palaeocene Early Eocene Maastric. Danian Selandian Thanetian Yp
Slide 14: Kurdistan: Understanding the Plays
KURDISTAN: UNDERSTANDING THE PLAYS Tertiary PALEOGENE CRETACEOUS Cretaceous A play is a geographically and stratigraphically delimited area where a specific set of geological factors such as reservoir rock, trap, mature source rock and migrations paths exist in order that petroleum may be provable C
Slide 15: Kurdistan: The DNO Approach
KURDISTAN: THE DNO APPROACH KEY ACTIVITIES • Study of field data and satellite imagery to identify possible leads • 2D seismic design and acquisition • Prospect evaluation • Exploration drilling • Infill seismic; 2D or 3D • Appraisal and development CAPITAL MARKETS DAY 2008 15
Slide 16: Mozambique: XXL Area, Low Data Density
MOZAMBIQUE: XXL AREA, LOW DATA DENSITY CAPITAL MARKETS DAY 2008 16
Slide 17: Mozambique: Frontier Exploration
MOZAMBIQUE: FRONTIER EXPLORATION Acquisition of passive seismic from micro earthquakes Geochemical techniques in field to detect vertical seepage CAPITAL MARKETS DAY 2008 17
Slide 18: Summary and Conclusions
SUMMARY AND CONCLUSIONS DNO WILL: • Continue to create values through exploration • Maintain access to substantial exploration acreage • Pursue a series of growth opportunities, primarily onshore in the axis Middle East - East Africa • Work professional and efficient • Adapt quickly to new technolog
Slide 19: Disclaimer: Forward Looking Statement
DISCLAIMER: FORWARD LOOKING STATEMENT 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, est