em value creation - Hugin.info

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2013 – 3D EM Barents Sea MC LaunchEMGS ASA
CEO, Roar Bekker CFO, Svein Knudsen Pareto Securities‘ Oil & Offshore Conference 2013 , Oslo, 5 September 2013
EMGS IN BRIEF
2
Hydrocarbon Reservoirs are Resistors
Resistivity [m] -1
Seawater: 0.3 Ωm
Revenues and revenues/costs per vessel month (USD Million)
7.5
22.4
(39%)
Backlog significantly improved
Expanding the multi-client segment
• Major investments in Brazil and Barents Sea
• Partnering with TGS
Cash Liabilities
51% equity ratio
USD 46.2 million
USD 73.0 million
PEMEX DEEP WATER OIL EXPLORATION RESULTS 2004-2010
EM INTRODUCED IN PORTFOLIO MANAGEMENT
PEMEX DEEP WATER OIL EXPLORATION RESULTS 2004-2013
EM – THE KEY TO SUCCESS IN THE BARENTS SEA
POLHEIM SUB-PLATFORM
Non commercial:
BJØRNØYA BASIN
– Lead 1: EM coincides partly with
seismic anomaly
Lead 1
Lead 2
Salt dome
BJØRNØYA BASIN
high seismic anomaly
16 Exploration Wells
Probability of success (PoS)
A v e ra
Low High
Probability of success (PoS)
A v e ra
Low High
results in the Barents Sea
Technology and
market leadership
• Proven technology
Scalable &