OMV (NORGE) AS Progress as foreseen

OMV (NORGE) AS
Progress as foreseen
NOC-Conference,
November 19, 2015
OMV Exploration & Production
OMV – an integrated, international oil and gas company
Downstream
Upstream
►
Worldwide exploration &
production activities
►
Mature core countries:
Romania and Austria
►
Approximately 85% of production in
EU and OECD countries
►
Production: 309 kboe/d
►
Reserves:
1.09 bn boe 1P
1.81 bn boe 2P
OMV supplies more than 200 mn
people with energy
2 | OMV Aktiengesellschaft | OMV Group presentation | September 2015
Downstream Oil
►
3 refineries with capacity of 17.4 mn t
►
~4,100 filling stations in 11 countries
►
36% share in Borealis
Downstream Gas
►
Gas sales business in CEE, SEE
and Turkey
►
Gas logistics in Austria and
Germany
►
Gas-fired power plants in Romania
and Turkey
OMV Upstream – International Portfolio
Oil & Gas Ratio
Production 2014
49
3
Ptil, Nov. 19, 2013
51
OIL
GAS
OMV NORGE
Growth on NCS
OMV Upstream
Portfolio Overview
Exploration
Appraisal
Wisting
Existing
OMV
position
33 licences
GF: Shetland/ Lista
Luno II
Wisting
Development
Zidane
Execution
E. Grieg
Zidane
Edvard Grieg
Aasta Hansteen /
NSGI
~30- 40 kboe/d
|
Production
Gullfaks,
Gullfaks
Gudrun
~50+ kboe/d
Final 2014
FC 2015
OMV NORGE: Production & Investments
Prognosis
90
PRODUCTION
Kboed
2016: 60+ kboed
80
70
60
50
40
30
20
10
0
2014
2015
2016
2017
2018
2019
2020
2021
2018
2019
2020
2021
800
CAPEX
EUR mn
600
400
2016: NOK ~ 5 bn
200
0
2014
2015
2016
2017
OMV (Norge) AS:
Staffing Development 2007 -2016
140
Gullfaks, Gudrun
125
120
Grieg, Wisting
100
Expats
80
Zidane, Hansteen
Locals
60
Total
40
20
0
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
OMV (Norge) AS: Portfolio Overview

33 licenses (7 operated) with 21 JV’s






Barents Sea
Norwegian Sea
North Sea
07 (2 op)
10 (4 op)
16
Discoveries/Appraisal Projects

Wisting (25%, OMV-Operated)

Luno II (20 %, Lundin OP)

Zidane (20%, Dea OP)
Field Development Projects (PDO)

Edvard Grieg (20 %, Lundin OP)

Ivar Aasen (0,55 %, Det Norske OP, Divestment)

Aasta Hansteen (15%, Statoil OP)

Polarled Pipeline (9%, Statoil OP)
Production Assets
(Statoil OP)

Gullfaks 19% (OMV production since NOV. 2013)

Gudrun 24% (production start April 2014)
OMV Portfolio: North Sea 2015
Edvard Grieg, Ivar Aasen & Luno 2
 Edvard Grieg 20%:
 Platform ready for start-up soon
 Pipelines (UHGP, EGOP) ready
 Production drilling to continue in 2016
Gemini dry
 E&A Drilling 2015 (Gemini, Rolvnes)
 PL 359 /Luno 2, 20%:
Rolvnes ongoing
 2 central compartments proven
 Luno 2 North drilled in Q3/2016
 Progressing to BOV/development
concept

Ivar Aasen (0,556%)
 Divestment with Tellus announced
|
10
Luno 2
North
Gullfaks & Gudrun - Overview
 Gullfaks – going strong
 Diverse Projects successfully
closed out (GSO, GSC, GFBU)
 Gas Blow down at Rimfaks
Brent started; Rimfaksdalen
development ongoing
 PDO - for Shetland/Lista
submitted
 Gudrun – on plateau
 Full capacity reached in Q3 /
2015
 Good drilling performance
 Helideck issue
OMV Portfolio: Norwegian Sea 2015 (10)
Mid Norway
 Zidane
 Ministry Ruling in October: Negotiations
with Heidrun re-opened
 Capex-reduction pursued
 Re-tendering planned
 PDO in Q2/Q3?
 Aasta Hansteen:
 Execution over 60%
 Start-up moved to 2018
driven by delays in HHI -Yard
 Snefrid North well successful
 Polarled - Pipeline laid
 PL 644 – Hægar Exp-well dry
 Exploration Vøring Basin – APA
|
13
OMV Portfolio: Barents Sea 2015
PL537: Wisting Discovery
Awarded to OMV 2009, OP 25%
Petoro, Idemitsu, Tullow (all 20%) and
Statoil (15%)
► Opened new play type in 2013
► Shallow reservoir ca. 250 m below sea bed
Leiv Eiriksson
► Four wells drilled (Sept. 2013 to June 2015)
► More drilling planned in 2016
► Working towards DG 1 by end 2016/ early
2017
NORWAY
► Start of production: post 2020
► Potential Hub for Southern Hoop High
► Technical feasibility studies ongoing
► 23rd Round
Wisting: Structure and Resources
Hanssen
Recoverable Res.
Sto & Fruholmen Fm.
LOW
BASE
HIGH
MMSTB
Hassel
Central West
Central East
Central South
Bjaaland
Dry
Wisting Central II,
planned horizontal
Drilled: Central
East, Hanssen
Undrilled (C. West,
C. South, Hassel)
Total Resources
(unrisked)
OOIP in Place
(unrisked)
100
150
220
100
120
180
200
270
400
700
900
1200
► Total Wisting Resources in PL 537
► Recoverable ca. 200- 400 mnbbl
► Ca. 60% of volume drilled up
► Additional Exp-potential
Wisting: Horizontal Well Design
Seabed at -442 m
Formation 240-250m
1450 m of Horizontal Section at -684m TVDSS
17
OMV (Norge) AS: Outlook 2016 and forward
1. Strong Performance in next years

Production increase to over ~ 80.000 boe/d before 2020

Investments decrease as ongoing projects mature
2. Secure basis for adequate production levels post 2020

Long-term organic growth from exploration guided by
Infrastructure & frontier opportunities

Portfolio optimization around acquired/developing assets

Open for selected acquisitions
3. Mature Wisting to DG1 in 2016 and to PDO mid term
CONTACT:
OMV NORGE AS
Fjordpiren, Laberget 22
4020 Stavanger
[email protected]
http://www.omv.no
Vienna:
Corporate Communications
[email protected]
www.omv.com
www.omv.com/socialmedia