Dno Asa Class A · OSL:DNO
Dno Asa Class A — DNO International — Investor Day (2008)
12 slides from Dno Asa Class A's investor day presentation, 2008
Slide 1: Operational Introduction
DNO INTERNATIONAL ASA OPERATIONAL INTRODUCTION
Slide 2: DNO in Brief
DNO IN BRIEF PRESENT IN SEVEN COUNTRIES ON THREE CONTINENTS • 500 staff • 15 nationalities • Corporate headquarter in Norway • International offices in: • London, UK • Sana'a, Yemen • Dubai, UAE • Erbil, Northern Iraq • Beira, Mozambique Photo from DNO Iraq AS’ international offices in Dubai, UAE CA
Slide 3: Organization
ORGANIZATION CORPORATE FUNCTIONS President and Managing Director Helge Eide Chief Operating Officer Chief Financial Officer Corporate Head of Exploration QHSE Manager Ivar Brandvold Haakon Sandborg Tore Lilloe-Olsen Ole-Andreas Isdahl Chief Petroleum Engineer Chief Geologist Ole Nygaard Ståle Monsta
Slide 4: Our Mission
OUR MISSION DNO’S KEY FOCUS IS TRANSFORMING RESOURCES TO RESERVES AT LOW COSTS. GOING FORWARD THE COMPANY WILL GROW PRODUCTION FROM AN INCREASING RESERVE BASE.
Slide 5: Business Overview
BUSINESS OVERVIEW NORWAY (PARTICIPATING INTEREST) UNITED KINGDOM • 50 % in an exploration license • 36.9 % equity interest in Det norske oljeselskap ASA • 1 promote licenses KURDISTAN REGION OF IRAQ • Three PSC’s signed March 2008 • Tawke fast-track development SYRIA • Unique position in a frontier
Slide 6: Operational Highlights
OPERATIONAL HIGHLIGHTS KURDISTAN REGION OF IRAQ • Appraisal and Development • Tawke well T-12 completed; tested gross rate of 9,000 bopd • Exploration • Discovery in well Hawler-1 in Erbil PSC tested 9,000 bopd and 11MM scf/d gas in the Jurassic. • Further testing in Jurassic and Cretaceous ongoing
Slide 7: Production Update
PRODUCTION UPDATE MONTHLY PRODUCTION* DNO PRODUCTION 2008 (JAN/FEB): 25 000 NCS Block 32 Block 43 Block 53 Tawke • Yemen: 10,691 bopd • Kurdistan: 6,860 bopd • Total 17,551 bopd 20 000 DNO’S PRODUCTION CAPACITY: 15 000 • Yemen: 12,000 bopd • Kurdistan: 30,000 bopd** boe/day 10 000 • Total 42,000 bop
Slide 8: Strong Foundation for Growth
STRONG FOUNDATION FOR GROWTH KEY SUCCESS CRITERIA • Combining the organizational talent • Achieved strong organic growth through exploration: • UK – Heather area • Yemen – blocks 32, 53 and 43 • Norway – several fields and discoveries • Equatorial Guinea – block P development plan • Kurdistan – Tawk
Slide 9: DNO Is Making a Difference
DNO IS MAKING A DIFFERENCE REPUTATION AND ACCOUNTABILITY • Attractive operator and partner COST EFFECTIVE AND FAST • From discovery to production fast, safe and at low cost COMPETENCE • Geological knowledge and operational experience LOCAL CONTENT • Employees and services SAFE • The strictest intern
Slide 10: Our CSR Foundation
OUR CSR FOUNDATION Corporate citizenship CSR Components Triple Bottom Line Corporate Governance Our corporate citizenship The CSR components reflect Our job is to optimize our Our corporate governance defines our role in local and our stakeholders’ triple bottom line, that is shall ensure that the g
Slide 11: Going Forward
GOING FORWARD EXPLORATION • Build up prospect portfolio on existing assets • Extensive exploration drilling • Assess emerging areas DEVELOPMENT POTENTIAL FOR • Mature new discoveries to STEP-CHANGE production • Fast-track, flexible and cost IN PRODUCTION effective projects PRODUCTION • Efficient ope
Slide 12: 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