The document is Anadarko Petroleum Corporation's 2008 second quarter operations report. It provides an overview of Anadarko's second quarter capital spending, rig activity, and sales volumes. It also summarizes Anadarko's operations in key regions such as the Rockies, Southern region, and Gulf of Mexico during the quarter. Highlights include natural gas production records set in the Natural Buttes and East Chalk fields and an ongoing drilling program across several shale plays including the Marcellus and Maverick Basin.
Anadarko Petroleum Corporation's operations report for the first quarter of 2008 provides the following key information:
- Rig activity for the quarter included 75 operated and 51 non-operated rigs in the Rockies and 25 operated and 7 non-operated in the Southern region. Capital spending totaled $1.056 billion, with $782 million spent in the U.S.
- Production volumes for the quarter were 53 MMBOE, exceeding guidance of 50-52 MMBOE.
- In the Gulf of Mexico, various development and exploration activities occurred, including drilling at the K2 and Independence Hub complexes.
- In the Rockies, natural gas production from the Greater
The document is Anadarko Petroleum Corporation's 2008 Fourth Quarter Operations Report. It summarizes Anadarko's operational performance and key accomplishments in the fourth quarter of 2008. Specifically, it discusses:
1) Strong operational performance and sales volumes above guidance despite challenges.
2) Exciting results from Anadarko's deepwater exploration program including a major Gulf of Mexico discovery.
3) Encouraging results from U.S. onshore exploration including the Marcellus and Haynesville shale plays.
4) Continued growth in Anadarko's major Rockies natural gas assets and enhanced drilling efficiencies across development programs.
The document provides an operations report for Anadarko Petroleum Corporation for the third quarter of 2008. It discusses key metrics such as capital spending, rig activity, drilling efficiencies, and production volumes across Anadarko's regions. Highlights include increased drilling efficiencies of nearly double digits across major development programs, total capital spending of $1.18 billion for the quarter, and sales volumes of 51 MMBOE for the quarter which was within guidance. Anadarko's operations and activity are summarized for key regions including the Rockies, Southern, and Gulf of Mexico areas.
This document provides an operations report for Anadarko Petroleum Corporation for the fourth quarter of 2007. It includes information on capital spending, production volumes, rig activity, major developments and exploration activities. Capital spending for the quarter totaled $997 million, with $705 million spent on US E&P activity. Production volumes for the quarter were 53 million barrels of oil equivalent. Major developments discussed include discoveries and planned developments in the Gulf of Mexico.
This document provides an overview of the Haile Gold Mine project in South Carolina. Key points include:
- The feasibility study was completed in February 2011, with the project having one of the lowest capital costs and operating costs in the industry, and one of the highest grades.
- Romarco is a gold development company focused on production in the US, with its flagship Haile project located in South Carolina. Permits are pending and the system remains open at depth.
- South Carolina has a history of gold mining and is a mining friendly state, with the Haile project benefitting from excellent infrastructure and its location.
Arête is the operator of a gas gathering system and is in the process of buying oil and gas properties in the Rocky Mountain Region of the United States.
The Company is pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arête, or entities created by Arête, will have ownership interests in the revenue streams, which can be securitized and collateralized either equity or private debt holders. For additional information on the Company visit our website at http://areteindustries.com/
Brazil\'s Congress has approved a legal overhaul of the oil sector, with the creation of a production-sharing contract system for future offshore subsalt projects
This document provides an investor presentation by Teekay Offshore Partners. It highlights Teekay Offshore's market leadership positions in harsh weather FPSOs and shuttle tankers. It also outlines the partnership's growth strategy of acquiring additional vessels and offshore projects from its sponsor Teekay Corporation. This includes potential acquisitions of 7 FPSO units and 4 new shuttle tankers. The presentation notes industry fundamentals are strong, with record oil drilling and development planned, driving increased demand for offshore production, storage and transportation assets like FPSOs and shuttle tankers.
Anadarko Petroleum Corporation's operations report for the first quarter of 2008 provides the following key information:
- Rig activity for the quarter included 75 operated and 51 non-operated rigs in the Rockies and 25 operated and 7 non-operated in the Southern region. Capital spending totaled $1.056 billion, with $782 million spent in the U.S.
- Production volumes for the quarter were 53 MMBOE, exceeding guidance of 50-52 MMBOE.
- In the Gulf of Mexico, various development and exploration activities occurred, including drilling at the K2 and Independence Hub complexes.
- In the Rockies, natural gas production from the Greater
The document is Anadarko Petroleum Corporation's 2008 Fourth Quarter Operations Report. It summarizes Anadarko's operational performance and key accomplishments in the fourth quarter of 2008. Specifically, it discusses:
1) Strong operational performance and sales volumes above guidance despite challenges.
2) Exciting results from Anadarko's deepwater exploration program including a major Gulf of Mexico discovery.
3) Encouraging results from U.S. onshore exploration including the Marcellus and Haynesville shale plays.
4) Continued growth in Anadarko's major Rockies natural gas assets and enhanced drilling efficiencies across development programs.
The document provides an operations report for Anadarko Petroleum Corporation for the third quarter of 2008. It discusses key metrics such as capital spending, rig activity, drilling efficiencies, and production volumes across Anadarko's regions. Highlights include increased drilling efficiencies of nearly double digits across major development programs, total capital spending of $1.18 billion for the quarter, and sales volumes of 51 MMBOE for the quarter which was within guidance. Anadarko's operations and activity are summarized for key regions including the Rockies, Southern, and Gulf of Mexico areas.
This document provides an operations report for Anadarko Petroleum Corporation for the fourth quarter of 2007. It includes information on capital spending, production volumes, rig activity, major developments and exploration activities. Capital spending for the quarter totaled $997 million, with $705 million spent on US E&P activity. Production volumes for the quarter were 53 million barrels of oil equivalent. Major developments discussed include discoveries and planned developments in the Gulf of Mexico.
This document provides an overview of the Haile Gold Mine project in South Carolina. Key points include:
- The feasibility study was completed in February 2011, with the project having one of the lowest capital costs and operating costs in the industry, and one of the highest grades.
- Romarco is a gold development company focused on production in the US, with its flagship Haile project located in South Carolina. Permits are pending and the system remains open at depth.
- South Carolina has a history of gold mining and is a mining friendly state, with the Haile project benefitting from excellent infrastructure and its location.
Arête is the operator of a gas gathering system and is in the process of buying oil and gas properties in the Rocky Mountain Region of the United States.
The Company is pursuing projects that have significant upside potential and can produce significant revenue. As the projects are developed, Arête, or entities created by Arête, will have ownership interests in the revenue streams, which can be securitized and collateralized either equity or private debt holders. For additional information on the Company visit our website at http://areteindustries.com/
Brazil\'s Congress has approved a legal overhaul of the oil sector, with the creation of a production-sharing contract system for future offshore subsalt projects
This document provides an investor presentation by Teekay Offshore Partners. It highlights Teekay Offshore's market leadership positions in harsh weather FPSOs and shuttle tankers. It also outlines the partnership's growth strategy of acquiring additional vessels and offshore projects from its sponsor Teekay Corporation. This includes potential acquisitions of 7 FPSO units and 4 new shuttle tankers. The presentation notes industry fundamentals are strong, with record oil drilling and development planned, driving increased demand for offshore production, storage and transportation assets like FPSOs and shuttle tankers.
As the U.S. solar market expands, we hope that Solar Market Insight will provide an invaluable decision-making tool for installers, suppliers, investors, policymakers and advocates alike.
This report contains data from Q1 2012 on the U.S. solar market.
Underground Energy Corp. holds 71,015 net acres of land leases in California and Nevada prospective for oil and gas resources. The company's initial focus is on conventional oil recovery from naturally fractured Monterey shale formations in the Santa Maria and San Joaquin Basins of California. Underground Energy has established an initial production of 80 barrels of oil per day from two existing wells and has secured a drilling contract to begin developing multiple drill-ready sites. The company aims to grow production and reserves through an aggressive drilling program applying advanced recovery technologies to its sizable land portfolio and multiple identified prospects across California and Nevada.
Underground Energy Corp. holds over 69,000 net acres of oil and gas leases in California and Nevada with an initial focus on conventional oil recovery from naturally fractured Monterey shale targets. The company's key asset is its Zaca field in Santa Barbara County, California, where it has identified potential new oil discoveries. Underground plans a 5-10 well initial drilling program at its Zaca field to test targets and increase production from existing wells, with management estimating over 20 million barrels of prospective oil resources at the field.
The document provides an overview of an analyst meeting held by El Paso Corporation on April 16, 2008. It includes cautionary statements about forward-looking projections, outlines the schedule of presentations on topics such as the macro outlook, pipelines, exploration and production, and financials. It also discusses El Paso's purpose and culture, and components of its net asset value. The meeting aimed to provide investors with information on El Paso's businesses and outlook.
- OGX reached an important milestone in 2012 by beginning oil production in the Tubarão Azul Field, only 4 years after its creation. Production reached 3.2 million barrels in 2012.
- OGX posted its first revenues of R$325 million in 2012 from oil sales.
- Important advances were made in exploration, including new commercial discoveries. However, initial production estimates for some wells were lower than expected.
- As of December 2012, OGX had a cash position of R$3.4 billion to develop its portfolio and pursue new opportunities. Average daily production was around 9.8 kboepd for the year.
- Newmont Mining Corporation reported financial and operating results for the second quarter of 2007, with equity gold sales of 531,000 ounces at a cost of $485 per ounce.
- The company provided guidance for full-year 2007 of equity gold sales between 5.2-5.6 million ounces at a cost of $375-400 per ounce.
- Capital expenditures for 2007 are expected to be $1.8-2.0 billion, directed towards major projects including a power plant in Nevada, a gold mill in Peru, and the Boddington project in Australia.
- Primero reported record quarterly results for Q2 2012, including production, profit margins, operating cash flow, and silver sales at spot prices.
- Production and financial guidance for 2012 was increased, with higher throughput, gold equivalent production, and lower cash costs expected.
- The company has a strong cash position of $126 million and significant operating cash flow, with conservative levels of debt.
- Expansion scenarios could increase production to over 200,000 gold equivalent ounces by 2015 through mill expansions.
Ante5 Oil & Gas OGIS Conference September 2011The WSR Group
The document discusses an upcoming OGIS conference in San Francisco in September 2011. It provides forward-looking statements and discusses Ante5 Inc., an oil and gas exploration and production company focused on properties in North Dakota. It provides information on the company, including its market capitalization, debt level, and management. It also discusses the Bakken shale formation in North Dakota and Montana and favorable developments for oil production in the region.
The document provides Royal Dutch Shell's fourth quarter and full year 2008 results. Key highlights include 2008 CCS earnings of $31.4 billion and a 16% increase in CCS EPS. Capital discipline resulted in $32 billion in net capital expenditure and $13 billion returned to shareholders. New project startups contributed to portfolio progress, while $7 billion in disposals and $9 billion in acquisitions rebalanced the portfolio. Shell will take a prudent approach to the economic downturn, maintaining its strategy while managing costs and affordability, with 2009 net capital expenditure projected to be $31-32 billion.
A study released by the analysts at consulting firm Deloitte that looks at the top issues facing the oil and gas sector. The study finds that within the next 5-6 years surging shale oil and natural gas production in the U.S. will "cut deeply" into OPEC's influence on setting world oil prices.
Investing in Brazil and Russia - Fabrice GrindaLe Web
The Trials and Tribulations of Angel Investing in Brazil, Russia and around the world
Fabrice Grinda's video at LeWeb 2011: http://youtu.be/EvfyUb42tuc
And his blog : http://www.fabricegrinda.com
Anadarko and Apache - Sponsorship Research ReportJohn Nowicki
Anadarko and Apache are two of the largest independent oil and gas companies in the world. The report provides an overview of the companies' leadership, operations, community involvement, marketing initiatives, lawsuits, awards and future plans. Anadarko focuses on oil and gas exploration and production, midstream, and marketing operations. Apache focuses on natural gas, crude oil and natural gas liquids. Both companies engage in community sponsorship and face legal and regulatory challenges common to the oil and gas industry.
This document provides an overview of Brazil, including its general facts, foreign direct investment, and hot topics. Brazil gained independence in 1822 and is located in South America. It has a population of over 193 million people and its capital is Brasilia. Brazil receives large amounts of foreign direct investment as the 5th largest recipient globally and 8th largest economy. However, it also faces challenges like wealth disparity and a complex regulatory environment. Hosting the 2014 World Cup and 2016 Olympics will drive infrastructure improvements and boost Brazil's economy and tourism.
This document discusses social negotiation through positive and negative sanctions. It explains that sanctions are rewards or punishments for actions that reinforce or change behavior. Positive sanctions like rewards encourage existing behavior, while negative sanctions like punishments discourage behavior. Through this process of reacting positively or negatively to others' actions, cultural norms and values are preserved or changed. Both formal and informal sanctions exist in social groups to provide social control and order.
ATP Oil and Gas Corporation is a development-focused oil and gas company operating in the Gulf of Mexico and North Sea. It has 212 million barrels of oil equivalent in proved and probable reserves with a PV-10 of $6.4 billion. ATP employs a hub strategy using re-usable floating infrastructure to improve the economics and growth potential of its reserves. It has a successful track record of converting undeveloped discoveries to production.
The document summarizes Chevron's third quarter 2008 earnings conference call. It discusses Chevron's Q3 2008 earnings of $7.9 billion, an update on upstream production including impacts from hurricanes, the status of major capital projects, and other highlights in upstream operations. Representatives from Chevron's executive team presented on topics such as earnings components, production by region, and progress on key projects.
This document is the 2006 statistical supplement of Duke Energy Corporation. It includes consolidated statements of operations and balance sheets that consolidate data from Duke Energy's various business segments, including U.S. Franchised Electric and Gas, Natural Gas Transmission, Field Services, Commercial Power, International Energy, Crescent, and other segments. The statements of operations show revenues, expenses, earnings before interest and taxes, and net income for 2006. The balance sheets list assets, liabilities, and stockholders' equity as of December 31, 2006, including current assets, property/equipment, and long-term debt.
- The company reported a 2% increase in oil production for 3Q08 compared to 2Q08 due to production growth from platforms P-52 and P-54.
- New production systems P-51, P-53 and the FPSO Cidade de Niterói are on schedule to start production in 1Q09, with first oil from P-51 in January 2009.
- The company has completed its minimum exploratory program in the pre-salt Santos Basin and is preparing for an extended well test of the Tupi field, which is on schedule.
This document provides an overview of the global energy industry and Royal Dutch Shell's position within it. It analyzes industry trends, Shell's operations and competitors, scenarios for future energy demand, and Shell's strategies. The document compares a "Scramble" scenario of uncoordinated development to Shell's preferred "Blueprints" scenario of coordinated investment and policy to transition to a lower carbon future.
energy future holindings 2008_EEI_Deck_FINALbfinance29
This presentation provides an overview of Energy Future Holdings Corporation and its subsidiaries. EFH has three distinct business segments: Oncor Electric Delivery, Texas Competitive Electric Holdings, and Luminant. Oncor is the largest transmission and distribution utility in Texas. TCEH includes TXU Energy, the largest retail electricity provider in Texas, and Luminant, the second largest power generator in the state. The presentation discusses key initiatives and value drivers for each business, including large capital expenditure programs. It also reviews the debt structure of EFH and liquidity position of the holding company.
energy future holindings 2008_EEI_Deck_FINALbfinance29
This presentation provides an overview of Energy Future Holdings and its businesses. It discusses Oncor, the largest transmission and distribution utility in Texas, which is focusing on reliability and investing in infrastructure like advanced meters. It also notes Oncor's investments in renewable energy transmission and demand-side management initiatives through smart meters. Regulation G is referenced regarding non-GAAP financial measures included in an appendix.
As the U.S. solar market expands, we hope that Solar Market Insight will provide an invaluable decision-making tool for installers, suppliers, investors, policymakers and advocates alike.
This report contains data from Q1 2012 on the U.S. solar market.
Underground Energy Corp. holds 71,015 net acres of land leases in California and Nevada prospective for oil and gas resources. The company's initial focus is on conventional oil recovery from naturally fractured Monterey shale formations in the Santa Maria and San Joaquin Basins of California. Underground Energy has established an initial production of 80 barrels of oil per day from two existing wells and has secured a drilling contract to begin developing multiple drill-ready sites. The company aims to grow production and reserves through an aggressive drilling program applying advanced recovery technologies to its sizable land portfolio and multiple identified prospects across California and Nevada.
Underground Energy Corp. holds over 69,000 net acres of oil and gas leases in California and Nevada with an initial focus on conventional oil recovery from naturally fractured Monterey shale targets. The company's key asset is its Zaca field in Santa Barbara County, California, where it has identified potential new oil discoveries. Underground plans a 5-10 well initial drilling program at its Zaca field to test targets and increase production from existing wells, with management estimating over 20 million barrels of prospective oil resources at the field.
The document provides an overview of an analyst meeting held by El Paso Corporation on April 16, 2008. It includes cautionary statements about forward-looking projections, outlines the schedule of presentations on topics such as the macro outlook, pipelines, exploration and production, and financials. It also discusses El Paso's purpose and culture, and components of its net asset value. The meeting aimed to provide investors with information on El Paso's businesses and outlook.
- OGX reached an important milestone in 2012 by beginning oil production in the Tubarão Azul Field, only 4 years after its creation. Production reached 3.2 million barrels in 2012.
- OGX posted its first revenues of R$325 million in 2012 from oil sales.
- Important advances were made in exploration, including new commercial discoveries. However, initial production estimates for some wells were lower than expected.
- As of December 2012, OGX had a cash position of R$3.4 billion to develop its portfolio and pursue new opportunities. Average daily production was around 9.8 kboepd for the year.
- Newmont Mining Corporation reported financial and operating results for the second quarter of 2007, with equity gold sales of 531,000 ounces at a cost of $485 per ounce.
- The company provided guidance for full-year 2007 of equity gold sales between 5.2-5.6 million ounces at a cost of $375-400 per ounce.
- Capital expenditures for 2007 are expected to be $1.8-2.0 billion, directed towards major projects including a power plant in Nevada, a gold mill in Peru, and the Boddington project in Australia.
- Primero reported record quarterly results for Q2 2012, including production, profit margins, operating cash flow, and silver sales at spot prices.
- Production and financial guidance for 2012 was increased, with higher throughput, gold equivalent production, and lower cash costs expected.
- The company has a strong cash position of $126 million and significant operating cash flow, with conservative levels of debt.
- Expansion scenarios could increase production to over 200,000 gold equivalent ounces by 2015 through mill expansions.
Ante5 Oil & Gas OGIS Conference September 2011The WSR Group
The document discusses an upcoming OGIS conference in San Francisco in September 2011. It provides forward-looking statements and discusses Ante5 Inc., an oil and gas exploration and production company focused on properties in North Dakota. It provides information on the company, including its market capitalization, debt level, and management. It also discusses the Bakken shale formation in North Dakota and Montana and favorable developments for oil production in the region.
The document provides Royal Dutch Shell's fourth quarter and full year 2008 results. Key highlights include 2008 CCS earnings of $31.4 billion and a 16% increase in CCS EPS. Capital discipline resulted in $32 billion in net capital expenditure and $13 billion returned to shareholders. New project startups contributed to portfolio progress, while $7 billion in disposals and $9 billion in acquisitions rebalanced the portfolio. Shell will take a prudent approach to the economic downturn, maintaining its strategy while managing costs and affordability, with 2009 net capital expenditure projected to be $31-32 billion.
A study released by the analysts at consulting firm Deloitte that looks at the top issues facing the oil and gas sector. The study finds that within the next 5-6 years surging shale oil and natural gas production in the U.S. will "cut deeply" into OPEC's influence on setting world oil prices.
Investing in Brazil and Russia - Fabrice GrindaLe Web
The Trials and Tribulations of Angel Investing in Brazil, Russia and around the world
Fabrice Grinda's video at LeWeb 2011: http://youtu.be/EvfyUb42tuc
And his blog : http://www.fabricegrinda.com
Anadarko and Apache - Sponsorship Research ReportJohn Nowicki
Anadarko and Apache are two of the largest independent oil and gas companies in the world. The report provides an overview of the companies' leadership, operations, community involvement, marketing initiatives, lawsuits, awards and future plans. Anadarko focuses on oil and gas exploration and production, midstream, and marketing operations. Apache focuses on natural gas, crude oil and natural gas liquids. Both companies engage in community sponsorship and face legal and regulatory challenges common to the oil and gas industry.
This document provides an overview of Brazil, including its general facts, foreign direct investment, and hot topics. Brazil gained independence in 1822 and is located in South America. It has a population of over 193 million people and its capital is Brasilia. Brazil receives large amounts of foreign direct investment as the 5th largest recipient globally and 8th largest economy. However, it also faces challenges like wealth disparity and a complex regulatory environment. Hosting the 2014 World Cup and 2016 Olympics will drive infrastructure improvements and boost Brazil's economy and tourism.
This document discusses social negotiation through positive and negative sanctions. It explains that sanctions are rewards or punishments for actions that reinforce or change behavior. Positive sanctions like rewards encourage existing behavior, while negative sanctions like punishments discourage behavior. Through this process of reacting positively or negatively to others' actions, cultural norms and values are preserved or changed. Both formal and informal sanctions exist in social groups to provide social control and order.
ATP Oil and Gas Corporation is a development-focused oil and gas company operating in the Gulf of Mexico and North Sea. It has 212 million barrels of oil equivalent in proved and probable reserves with a PV-10 of $6.4 billion. ATP employs a hub strategy using re-usable floating infrastructure to improve the economics and growth potential of its reserves. It has a successful track record of converting undeveloped discoveries to production.
The document summarizes Chevron's third quarter 2008 earnings conference call. It discusses Chevron's Q3 2008 earnings of $7.9 billion, an update on upstream production including impacts from hurricanes, the status of major capital projects, and other highlights in upstream operations. Representatives from Chevron's executive team presented on topics such as earnings components, production by region, and progress on key projects.
This document is the 2006 statistical supplement of Duke Energy Corporation. It includes consolidated statements of operations and balance sheets that consolidate data from Duke Energy's various business segments, including U.S. Franchised Electric and Gas, Natural Gas Transmission, Field Services, Commercial Power, International Energy, Crescent, and other segments. The statements of operations show revenues, expenses, earnings before interest and taxes, and net income for 2006. The balance sheets list assets, liabilities, and stockholders' equity as of December 31, 2006, including current assets, property/equipment, and long-term debt.
- The company reported a 2% increase in oil production for 3Q08 compared to 2Q08 due to production growth from platforms P-52 and P-54.
- New production systems P-51, P-53 and the FPSO Cidade de Niterói are on schedule to start production in 1Q09, with first oil from P-51 in January 2009.
- The company has completed its minimum exploratory program in the pre-salt Santos Basin and is preparing for an extended well test of the Tupi field, which is on schedule.
This document provides an overview of the global energy industry and Royal Dutch Shell's position within it. It analyzes industry trends, Shell's operations and competitors, scenarios for future energy demand, and Shell's strategies. The document compares a "Scramble" scenario of uncoordinated development to Shell's preferred "Blueprints" scenario of coordinated investment and policy to transition to a lower carbon future.
energy future holindings 2008_EEI_Deck_FINALbfinance29
This presentation provides an overview of Energy Future Holdings Corporation and its subsidiaries. EFH has three distinct business segments: Oncor Electric Delivery, Texas Competitive Electric Holdings, and Luminant. Oncor is the largest transmission and distribution utility in Texas. TCEH includes TXU Energy, the largest retail electricity provider in Texas, and Luminant, the second largest power generator in the state. The presentation discusses key initiatives and value drivers for each business, including large capital expenditure programs. It also reviews the debt structure of EFH and liquidity position of the holding company.
energy future holindings 2008_EEI_Deck_FINALbfinance29
This presentation provides an overview of Energy Future Holdings and its businesses. It discusses Oncor, the largest transmission and distribution utility in Texas, which is focusing on reliability and investing in infrastructure like advanced meters. It also notes Oncor's investments in renewable energy transmission and demand-side management initiatives through smart meters. Regulation G is referenced regarding non-GAAP financial measures included in an appendix.
energy future holindings 2008_EEI_Deck_FINALbfinance29
This presentation provides an overview of Energy Future Holdings Corporation and its subsidiaries. EFH has three distinct business segments: Oncor Electric Delivery, Texas Competitive Electric Holdings, and Luminant. Oncor is the largest transmission and distribution utility in Texas. TCEH includes TXU Energy, the largest retail electricity provider in Texas, and Luminant, the largest power generator in Texas. The presentation discusses financial results, capital expenditure plans, regulatory proceedings, and debt structure for each subsidiary. It also provides updates on construction progress for new generation plants and discusses initiatives in areas like smart grid, renewable energy, and nuclear power.
The document summarizes Braskem's 2Q12 earnings conference call. It notes that Braskem's EBITDA was R$845 million in 2Q12, up 7% from 1Q12, despite extraordinary effects of R$108 million. Braskem's market share of thermoplastic resins in Brazil expanded 3 percentage points to 71% in 2Q12. New projects such as PVC and butadiene were on schedule. Braskem is focused on expanding market share in Brazil and diversifying its feedstock and suppliers through projects such as acquiring a propylene splitter in the US. Braskem forecasts potential positive factors for 2H12 such as growth in emerging markets, but also
Kuwait Oil Markets, 2011SummaryThis profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Kuwait. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Kuwait. The report compares the investment environment in Kuwait with other countries in the region. The profiles of the major companies operating in the crude oil sector in Kuwait together with the latest news and deals are also included in the report.Scope- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Kuwait for the period 2000-2015.- Operator and equity details for major crude oil assets in Kuwait.- Key information relating to market regulations, key energy assets and the key companies operating in the Kuwait's energy industry.- Information on the top companies in the Kuwait including business description, strategic analysis, and financial information.- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.Reasons to buy- Gain a strong understanding of the country's energy market.- Facilitate market analysis and forecasting of future industry trends.- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.- Assess your competitor's major crude oil assets and their performance.- Analyze the latest news and financial deals in the oil sector of each country.- Develop strategies based on the latest operational, financial, and regulatory events. - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.- Identify and analyze the strengths and weaknesses of the leading companies in the country.
- McMoRan reported first quarter 2009 production of 198 million cubic feet of gas equivalent per day (MMcfe/d) from existing fields.
- At the Flatrock field, four wells are currently producing at a gross rate of approximately 235 MMcfe/d, with first production from two additional wells expected by mid-year 2009.
- McMoRan has three deep gas exploration prospects in progress - Ammazzo, Cordage, and Blueberry Hill - targeting combined potential reserves of over 1 trillion cubic feet of gas.
This document provides an overview and summary of Petrobras' 2nd Quarter 2012 financial results. Key points include:
- Petrobras reported a loss in 2Q12 versus a profit in 1Q12, due to factors like exchange rate devaluation, lower oil product prices in Brazil, production stoppages, and increased exploration expenses.
- The average exchange rate depreciated in 2Q12 compared to 1Q12, negatively impacting costs.
- Operational highlights included refining throughput records and advances in contracting for offshore oil development.
- 2Q12 results were affected by unique factors that are unlikely to occur together or at the same intensity in future quarters.
Cuba Oil Markets, 2011SummaryThis profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Cuba. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries and pipelines) in Cuba. The report compares the investment environment in Cuba with other countries in the region. The profiles of the major companies operating in the crude oil sector in Cuba together with the latest news and deals are also included in the report.Scope- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.- Historical and forecast data and information for all the major oil fields, refineries and pipelines in Cuba for the period 2000-2015.- Operator and equity details for major crude oil assets in Cuba.- Key information relating to market regulations, key energy assets and the key companies operating in the Cuba's energy industry.- Information on the top companies in the Cuba including business description, strategic analysis, and financial information.- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.Reasons to buy- Gain a strong understanding of the country's energy market.- Facilitate market analysis and forecasting of future industry trends.- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.- Assess your competitor's major crude oil assets and their performance.- Analyze the latest news and financial deals in the oil sector of each country.- Develop strategies based on the latest operational, financial, and regulatory events. - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.- Identify and analyze the strengths and weaknesses of the leading companies in the country.
Unibanco 3rd Annual Small Caps ConferenceGafisa RI !
The document summarizes Gafisa's performance in the second quarter of 2006. It announces strong growth in real estate launches and pre-sales compared to the second quarter of 2005, with launches growing 151% and pre-sales growing 168%. It also provides financial highlights showing continued growth in key metrics like revenues, gross profit, EBITDA, and net income both quarter-over-quarter and year-over-year. The agenda outlines details on Gafisa's recent performance, the Brazilian housing industry environment, and why Gafisa is well positioned to take advantage of market opportunities.
Marathon Oil Corporation reported financial results for the second quarter of 2004, with the following key highlights:
1) Net income increased 48% over the second quarter of 2003 to $352 million, driven by strong performance in the downstream segment and higher oil and gas prices.
2) Important milestones were reached in the integrated gas strategy, including reaching a final investment decision on an LNG project in Equatorial Guinea and delivering two LNG cargos under a long-term agreement.
3) Exploration success continued with two significant discoveries made during the quarter offshore Angola and Equatorial Guinea.
OGX reported financial results for the first nine months of 2012. Key highlights include:
- Revenues of R$150.7 million from the sale of ~800,000 barrels of oil in Q3 2012.
- EBITDA loss of R$305.1 million for the year-to-date and R$51.6 million in Q3.
- Net loss of R$887.1 million for the year-to-date and R$343.6 million in Q3.
- Production averaged 9.3 kboepd in Q3 from the Campos Basin fields, with a third well coming online soon.
- Exploration success rate was 80% in 2012, with
The document discusses developing a regional program to improve economic statistics in Asia and the Pacific. It notes that many countries lack capacity to produce basic economic data. It outlines work completed in 2009, including establishing an advisory group and assessing countries' capacities. The proposed regional program aims to develop skills and infrastructure to produce a core set of economic statistics by 2020 for analysis and decision making. It will be finalized in 2010 and submitted for endorsement.
This document provides guidelines for loadouts of offshore structures onto floating or grounded barges. It describes the approval process for loadouts requiring GL Noble Denton approval. The guidelines cover requirements for the structure being loaded, the loadout site, link beams, pumping/ballasting, moorings, weather forecasts, and other considerations. Methods for lifted loadouts are derived from separate lifting guidelines. Checklists are provided of information required for approval. Revisions to the mooring and barge freeboard sections are noted.
The document summarizes Santander's 7th annual Brazil conference held in August 2006. It provides an overview of Gafisa's second quarter 2006 results including a 151% increase in launches and 168% increase in pre-sales compared to the same period last year. It also discusses the strong growth prospects for Brazil's housing market given favorable demographics and increasing availability of mortgage financing.
The document summarizes Gafisa's 2nd quarter 2006 results and provides an outlook for the Brazilian housing market and Gafisa's position in that market. Specifically:
- Gafisa reported 151% growth in housing launches and 168% growth in pre-sales in 2Q06 compared to 2Q05.
- Despite strong pre-sales results, Gafisa's financial results continue to be impacted by external events from 2004 as revenues are recognized over time under the PoC method.
- The Brazilian housing market is expected to continue growing significantly due to favorable demographics and pent-up demand, supported by increasing mortgage availability and declining interest rates.
- Gafisa is well positioned to
Similar to anadarko petroleum 2Q08 Operations Report (20)
This document provides consolidated financial highlights for Burlington Northern Santa Fe Corporation for the years 1991-1995. Some key points:
- Revenues grew from $4.559 billion in 1991 to $6.183 billion in 1995. Operating income improved from a loss of $239 million in 1991 to income of $526 million in 1995, excluding unusual merger-related charges.
- Net income was $92 million in 1995 but would have been $416 million without accounting changes and debt retirement costs related to the merger.
- Capital expenditures were $1.042 billion in 1995 and are planned to be nearly $1.7 billion in 1996 to support revenue growth and cost reduction initiatives.
This document summarizes the financial performance of Burlington Northern Santa Fe Corporation for the years 1992-1996. It reports that in 1996:
- Operating income increased 14% to $1.75 billion compared to 1995 on a comparable basis.
- Revenues reached $8.19 billion despite a drop in agricultural commodities revenues.
- Operating expenses were $178 million below 1995 levels, lowering the operating ratio to 78.6%.
- Net income grew 21% to $889 million, or $5.70 per share, compared to $733 million in 1995.
This annual report summarizes Burlington Northern Santa Fe Corporation's financial and operational performance in 1998. Some key highlights include:
- Revenues reached a record $8.94 billion, a 6.8% increase over 1997.
- Adjusted operating income grew 16% to a record $2.16 billion.
- Adjusted net income exceeded $1.12 billion, a 19% improvement over 1997.
- The operating ratio improved to 75.9%, nearly 2 points better than 1997's adjusted ratio.
- Safety continued to improve, with reductions in reportable injuries and rail accidents.
Burlington Northern Santa Fe Corporation's 1999 Annual Report summarizes the company's performance in 1999 and compares it to 1994, the year before the BNSF merger. Key points:
1) BNSF achieved record results in safety, customer service, efficiency and financial performance in 1999 compared to 1994.
2) Safety metrics like lost workdays and injuries dropped significantly. Customer service improved with 91% on-time performance. Operating expenses per ton-mile dropped 20-25%.
3) Financial results were also much stronger, with operating income reaching a record $2.24 billion, up 14% annually from 1994. The operating ratio improved 9 points to 75.4%.
Burlington Northern Santa Fe Corporation's 2000 Annual Report summarizes the company's performance for the year. Key points include:
- Revenues grew to $9.2 billion while operating expenses only increased 1% despite a $230 million rise in fuel costs.
- Intermodal revenues increased 6% to a record level while safety and efficiency improvements were made.
- However, weak coal demand, high fuel prices, and a slow US economy impacted results for the year.
- Over the past five years since the Burlington Northern and Santa Fe merger, significant progress has been made in safety, service, efficiency and financials.
This document is the 2001 Annual Report to Shareholders for Burlington Northern Santa Fe Corporation. It contains the following key information:
1) The CEO discusses BNSF's progress on its strategic priorities of People, Growth, Ease of Doing Business, Service, and Efficiency in 2001, noting challenges from the economic slowdown but some record achievements.
2) Safety improvements were made but injuries remained level, while discussions progressed with unions on safety agreements.
3) Revenues were flat in 2001 due to economic conditions, but some business lines like Mexico grew, and new customers and services helped capture additional market share.
4) Financial results disappointed expectations for revenue and operating ratio goals, though costs
BNSF is a major railroad network in the United States that transports a variety of goods. In 2003, BNSF saw revenue growth of 5% driven by strong intermodal growth, though on-time performance fell short of goals. Safety performance reached record levels with injury rates down significantly. Looking forward, BNSF aims to continue revenue growth through initiatives like expanding intermodal capacity and pursuing market-based pricing across all business lines.
Burlington Northern Santa Fe Corporation reported earnings of $0.36 per diluted share for the first quarter of 2001, compared to $0.55 per diluted share for the same period in 2000. Freight revenues were $2.26 billion, up slightly due to a 4% increase in ton-miles. Operating expenses increased 7% to $1.87 billion due to higher fuel costs, severe winter weather, and increased energy costs. The operating ratio was 81.5% compared to 77.3% in 2000. Revenue from agricultural commodities increased 11% while industrial revenues declined 3% and coal revenues declined 1% compared to the first quarter of 2000.
The document is Burlington Northern Santa Fe Corporation's 2nd Quarter 2001 Investors' Report. It summarizes that:
1) Earnings were $0.50 per diluted share compared to $0.53 per diluted share in the same period last year, with revenues remaining even despite 2% higher ton-miles.
2) Operating expenses were $65 million higher due to factors like flooding in the Midwest and higher fuel costs.
3) Operating income decreased to $428 million from $483 million last year, and the operating ratio increased to 80.9% from 78.4% last year.
The document is Burlington Northern Santa Fe Corporation's third quarter 2001 investors' report. Key points:
- Earnings per share were $0.58 compared to $0.64 in third quarter 2000. Freight revenues were $2.31 billion, even with last year.
- Operating expenses were higher by $69 million due to increased compensation, benefits, and fuel costs. Operating income was $502 million versus $571 million in 2000.
- 4.1 million shares were repurchased in the quarter, bringing the total under the buyback program to 101.1 million shares.
- The report provides financial statements and statistics on revenues, expenses, operations, and capital expenditures for
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
Burlington Northern Santa Fe reported earnings of $0.51 per share for Q2 2002, up slightly from $0.50 per share in Q2 2001. Freight revenues were $2.18 billion, down 3% from the previous year, with declines in coal, agricultural products, and industrial products offsetting growth in consumer products. Operating expenses decreased 2% despite lower fuel prices, helping maintain the operating ratio at 81.4%. The company also repurchased 4.2 million shares during the quarter.
The document is Burlington Northern Santa Fe Corporation's third quarter 2002 investors' report. It includes:
- BNSF reported earnings of $0.51 per share for Q3 2002, even with adjusted earnings of $0.56 per share for the same period in 2001.
- Freight revenues were $2.28 billion for Q3 2002, even with adjusted revenues of $2.28 billion for Q3 2001.
- Operating income decreased to $421 million for Q3 2002 compared to adjusted operating income of $470 million for Q3 2001, with the operating ratio increasing to 81.6% from 79.4%.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2002. It includes:
1) Key financial highlights for Q4 2002 including $0.54 earnings per share, $2.27 billion in freight revenues, and $436 million in operating income.
2) Annual 2002 results including $2.00 earnings per share, $8.87 billion in freight revenues, and $1.66 billion in operating income.
3) Details of common stock repurchases totaling approximately 116 million shares under their repurchase program.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Vadhavan Port Development _ What to Expect In and Beyond (1).pdfjohnson100mee
The Vadhavan Port Development is poised to be one of the most significant infrastructure projects in India's maritime history. This deep-sea port, located in Maharashtra, promises to transform the region's economic landscape, bolster India's trade capabilities, and generate a plethora of employment opportunities. In this blog, we will delve into the various facets of the Vadhavan Port Development: what to expect in and beyond its completion, and how it stands to influence the future of India's maritime and economic sectors.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
2. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Forward Looking Statement
Cautionary Note to U.S. Investors: The United States Securities This report contains forward-looking statements within the
and Exchange Commission (“SEC”) permits oil and gas meaning of Section 27A of the Securities Act of 1933 and Section
companies, in their filings with the SEC, to disclose only proved 21E of the Securities Exchange Act of 1934. Anadarko believes
reserves that a company has demonstrated by actual production or that its expectations are based on reasonable assumptions. No
conclusive formation tests to be economically and legally assurance, however, can be given that such expectations will prove
producible under existing economic and operating conditions. to have been correct. A number of factors could cause actual results
Anadarko uses certain terms in this operations report, such as to differ materially from the projections, anticipated results or
“estimated recoverable resources”, and similar terms that the other expectations expressed in this operations report. Anadarko
SEC’s guidelines strictly prohibit Anadarko from including in cannot guarantee that it will successfully execute on its
filings with the SEC. U.S. Investors are urged to consider closely exploration, drilling and development plans or meet its
the disclosure in Anadarko’s Form 10-K for the year ended production guidance. See “Risk Factors” in the company’s 2007
December 31, 2007, File No. 001-08968, available from Anadarko Annual Report on Form 10-K and other public filings and press
at www.anadarko.com or by writing Anadarko at: Anadarko releases. Anadarko undertakes no obligation to publicly update or
Petroleum Corporation, 1201 Lake Robbins Drive, The revise any forward-looking statements.
Woodlands, Texas 77380 Attn: Investor Relations. You can also
obtain this form from the SEC by calling 1-800-SEC-0330.
2
NYSE:APC www.anadarko.com
3. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Overview
– RIG ACTIVITY –
2Q08 Rig Activity
Operated Non-Operated Total
22
Rockies 74
52
25
Southern 33
8
47
LOWER 48 107
60
1
Alaska 2
1
5
Gulf of Mexico 9
4
– CAPITAL SPENDING –
53
TOTAL U.S. 118
65
3
INTERNATIONAL 8
5
! The capital program totaled $1,232 million during the quarter, of 56
TOTAL COMPANY 126
70
which $928 million (75%) was dedicated to ongoing U.S. E&P
activity. Full-year capital expenditures are expected to be between
$4,550 and $4,750 million (excluding expensed exploration) with
– VOLUMES –
approximately 20% allocated to exploration.
! Sales volumes for the 2nd Qtr were 50 MMBOE, which was within
Capital Spending*
guidance (50-52 MMBOE), despite more than eight weeks of shut-
1Q08
2Q08
in production at Independence Hub.
$ MM $ MM
308
338
Rockies
Net Volumes (MMBOE)*
189
272
Southern
2Q08
497
609
LOWER 48 % Change
31
30
Alaska 2Q08 1Q08 2Q07** vs. 1Q08 vs. 2Q07
255
289
Gulf of Mexico 19 19 16 5% 20%
Rockies
784
928
TOTAL U.S. 11 11 12 1% -7%
Southern
102
100
INTERNATIONAL 30 29 28 4% 8%
LOWER 48
133
133
Midstream 2 2 2 4% -17%
Alaska
38
71
Capitalized Items / Other 11 15 10 -30% 12%
Gulf of Mexico
1,056
1,232
TOTAL COMPANY 43 46 40 -7% 8%
TOTAL U.S.
7 6 7 8% -4%
INTERNATIONAL
50 53 47 -5% 6%
TOTAL COMPANY
*Data may not add to totals due to rounding.
* Data may not add to totals due to rounding.
** 2Q07 volumes exclude divested volumes.
3
NYSE:APC www.anadarko.com
4. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Rockies
Gross
Rig Activity Completed Wells
Net Volumes* Capital*
2Q08 2Q08
2Q08 2Q08
1Q08
Expl. Dev.
Oper. Non-Op.
$ MM
MMcf/d MBbls/d MMcf/d MBbls/d
TIGHT GAS
Natural Buttes 240 4 219 3 101 8 3 0 67
Wattenberg 174 19 165 17 84 7 1 0 120
Pinedale 73 1 69 1 39 0 26 0 54
Wamsutter 70 7 83 8 24 1 9 0 10
Other 68 4 84 5 17 1 6 0 40
CBM 379 0 348 -1 37 4 7 0 11
EOR 4 12 3 11 36 1 0 0 10
1,008 46 970 45 338 22 52 0 312
TOTAL
Tight Gas
EOR CBM *Data may not add to totals due to rounding.
Powder River CBM
– TIGHT GAS DEVELOPMENT –
WYOMING
Greater Natural Buttes
Pinedale Salt Creek
! Natural Buttes achieved another great quarter – growing volumes
st th
Wamsutter 10% from 1 Qtr and 35% from 4 Qtr 2007, with a new single-day,
Moxa Monell
gross-operated production record of 304 MMcf/d.
Monell
Atlantic Rim
! The Chipeta plant is now running at full capacity, processing 270
MMcf/d and increasing NGL production to 3,000 Bbl/d.
Greater
Wattenberg
Natural Buttes
Helper
! More than 50 wells were completed in the 2nd Qtr, including 16 wells
on a two-tier, 10-acre pad above the White River – a unique
operation that earned Anadarko the Earth Day Award from the Utah
Division of Oil, Gas and Mining.
UTAH COLORADO
4
NYSE:APC www.anadarko.com
5. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Rockies
Wattenberg
! In the 2nd Qtr, Anadarko drilled a company-record 83 wells and ! At Monell, we recently completed a 10-well pilot drilling program to
evaluate the results of greater well density in existing CO2 flood
performed 227 fracs. Two additional rigs were mobilized in June. The
ramp-up program is on pace to drill more than 350 wells this year – a patterns.
50% increase from 2007.
– GREATER GREEN RIVER BASIN –
– COALBED METHANE DEVELOPMENT –
Moxa
! Operated Powder River CBM assets achieved a single-day, gross-
nd
record sales level of 408 MMcf/d in the 2 Qtr. The County Line field ! In the Moxa area, Anadarko has one operated rig and four non-
operated rigs. Through the end of the 2nd Qtr, the company spud 11
also set a gross-operated sales record of 200 MMcf/d during the
quarter. Total gross production for the asset (operated plus non- operated wells and 27 non-operated wells, and completed a total of 26
operated) exceeded 800 MMcf/d in late June. wells.
! The midstream expansion continued in the Powder River Basin with Wamsutter
the startup of the Big George Line. This major gathering lateral
immediately de-bottlenecked 75 MMcf/d of gas and we expect to ! In the Wamsutter area, Anadarko has one operated rig and 10 non-
operated rigs. Through the end of the 2nd Qtr, the company spud 12
provide significant system capacity for future Big George
development volumes. In addition, Phase III (Segment 1) of the Fort operated wells and 80 non-operated wells and completed a total of 52
Union Gas Gathering System (“FUGGS”) was completed, adding 200 wells.
MMcf/d of take-away capacity. Work on FUGGS Phase III Segment 2
was completed in late July, bringing total capacity on Fort Union to Pinedale
1.3 Bcf/d.
! Anadarko continues to participate in an active program with 27 rigs
– ENHANCED OIL RECOVERY – currently running in the Pinedale area. Along with our partners,
Ultra, Questar and Shell, Anadarko spud 128 wells and completed 88
wells through the end of the 2nd Qtr.
! Salt Creek Phase 5 was commissioned and CO2 injection commenced
during the 2nd Qtr. Construction for Phase 6 is ongoing and expected to
be complete at year end.
5
NYSE:APC www.anadarko.com
6. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Southern
Gross
Net Volumes* Rig Activity Completed Wells
Capital*
2Q08 2Q08 2Q08
2Q08
1Q08
$ MM Expl. Dev.
MMcf/d MBbls/d Oper. Non-Op
MMcf/d MBbls/d
84 60 6 2 0 8
Haley 0 101 0
41 4 1 0 0 14
Ozona 1 40 1
59 3 0 0 0 0
Mid-Continent 1 59 1
Tight Gas
156 27 2 1 0 4
Bossier 0 153 0
Fractured Reservoirs
82 56 5 0 0 29
Carthage 5 81 5
Marcellus 44 61 7 1 0 6
Chalk 12 39 12
Other
Shale 92 62 4 4 0 25
S. Texas / Other 5 91 4
557 272 25 8 0 86
TOTAL 24 563 24
*Data may not add to totals due to rounding.
Hugoton
East Chalk
Haley
Carthage
Bossier ! On May 31, 2008, East Chalk reached record gas production of 100
East Chalk MMcf/d gross. By the end of the 2nd Qtr, the East Chalk drilling
Ozona
program had ramped up to seven operated rigs.
Maverick
Freestone
South Texas
! The Bossier asset team continued to execute a successful program,
completing three operated wells during the quarter. In early July, an
Carthage additional rig began drilling. The three-rig program will continue
for the remainder of the year.
! Carthage continued an active drilling program with six rigs running
throughout the quarter. Rig efficiencies continue to be realized as Haley / Delaware Basin
the vertical rig program saw an average decrease of two drilling days
per well within the quarter. The horizontal drilling program ! The Anadarko/Chesapeake partnership had eight rigs running in
continues to provide encouraging results with six wells drilled to the Delaware Basin during the 2nd Qtr, with six wells spud and eight
date. wells completed.
6
NYSE:APC www.anadarko.com
7. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Southern
South Texas Marcellus
nd st
During the 2 Qtr, the South Texas team implemented a successful ! Marcellus shale play leasing continued in the 1 Qtr in
!
new dual-completion program. Pennsylvania. Anadarko’s leasehold in the play is approximately
625,000 gross acres. In conjunction with partners, Anadarko
– EXPLORATION – anticipates drilling 5 to 10 wells in five pilot areas this year. Two
vertical wells (one in Bradford County and one in Clinton County)
nd
Maverick Basin were spud and cored during the 2 Qtr, and completions are
rd
anticipated during the 3 Qtr. In July, the second and third vertical
! In early April, Anadarko entered into a joint exploration agreement wells were spud in Bradford County.
with TXCO Resources, Inc., on its 349,000-acre lease in the area.
Two horizontal wells were spud (one each in the Pearsall and
nd
Eagleford Shale) in the 2 Qtr. and are expected to be completed in
rd
the 3 Qtr. Current Drilling
Haynesville
! We have more than 70,000 net acres, prospective for the Haynesville
shale play. Essentially all of the prospective acreage is held by
production underneath our currently producing fields in the
Carthage area and Elm Grove. Before the end of this year, we intend
to conduct three or four exploratory tests targeting the Haynesville Marcellus Shale
shale objective. Gas Fairway
7
NYSE:APC www.anadarko.com
8. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Gulf of Mexico
LOUISIANA
TEXAS
New Orleans
Baldpate/Conger
Net Volumes Power Play
2Q08 1Q08
Nansen
MMcf/d MBbls/d MMcf/d MBbls/d
604 70
TOTAL 301 68
Boomvang
Independence
Hub
Independence Marco Polo
Hub
Gunnison Red Hawk
APC acreage
APC facilities
– PRODUCING PROPERTIES –
San Jacinto
Spiderman
Independence Hub
Mondo NW Atlas NW
Q
! In early April, a leak was discovered in the flex joint on Enterprise
Atlas Pipeline Partners’ Independence Trail pipeline, which serves as the
Merganser
export gas line from the Independence Hub facility. The platform
Vortex was immediately shut-in, and crews were mobilized to address the
leak. After removing and replacing the O-ring in the flex joint, the
Jubilee
Independence Hub platform resumed production in mid-June and
Cheyenne
quickly ramped up.
! The Cheyenne #3 well (APC 100% WI), which was drilled and
st
completed in the 1 Qtr, was tied back to the Independence Hub
nd
facility and brought on line in the 2 Qtr.
8
NYSE:APC www.anadarko.com
9. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Gulf of Mexico
– PRODUCING PROPERTIES (CONT.) –
Power Play Nansen
Garden Banks 258/302 (APC 45% WI) East Breaks 558/602/646/689/690 (APC 50% WI)
! Anadarko’s Power Play discovery was successfully tied back and ! We continued our successful satellite program at Nansen, where we
brought on line during the 2nd Qtr. Initial production from the well was encountered pay in two wells, the EB 646 #8 Shackleton (an
exploration well) and the EB 646 #7ST (a sidetrack well).
approximately 9,000 BOE/d gross.
Gunnison
Marco Polo
Garden Banks 667/668/669 (APC 50% WI)
Green Canyon 608 (APC 100% WI)
! We successfully completed the GB 667 #2 well and tied it back to the
! On the Marco Polo platform, the A-7 well was successfully brought on
nd
line at a rate of 3,300 BOE/d gross and the A-3 well was recompleted Gunnison spar in the 2 Qtr. In addition, new zones in two existing
and brought on line at a rate of 3,350 BOE/d gross. wells – the GB 668 #9 and the GB 669 #1 – were brought on line. Total
production from the three wells is approximately 11,000 BOE/d gross.
Boomvang
Conger
East Breaks 643/642/688 (APC 30% WI)
East Breaks 598 (APC 100% WI) Garden Banks 215 (APC 25% WI)
East Breaks599 (APC 33% WI)
! Anadarko is participating in the recompletion operations of the GB
nd
215 #8 ST1 well. Completion operations are progressing and
! The East Breaks 688 #6ST well was brought on line in the 2 Qtr.
Anadarko expects the well to be on line during the 3rd Qtr.
Initial production from the well was ramped up to a rate of 46 MMcf/d
gross.
9
NYSE:APC www.anadarko.com
10. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Gulf of Mexico
– PRODUCING PROPERTIES (CONT.) – – MAJOR DEVELOPMENT PIPELINE –
Red Hawk Caesar / Tonga Complex
Garden Banks 877 (APC 50% WI) Green Canyon 683/726/727/770 (APC 33.75% WI pending MMS
approval)
! Recompletion operations were concluded on the GB 877 #1 ST 2 well
in the 2nd Qtr. The new zone was brought on line and the well is ! Development activities at the Caesar-Tonga complex continued to
progress in the 2nd Qtr. Anadarko and its partners continued to refine
currently producing 12 MMcf/d gross.
the field development plan and spud the GC 770 #1 well in early July.
! The GB 877 #2 ST2 well watered out prematurely and is currently In addition, all partners have agreed to the unit operating plan and a
shut-in. Forward proposed plans for the wellbore include formal unitization proposal has been made to the MMS.
sidetracking to a new fault block in early 2009.
Blind Faith
! Anadarko is also currently proposing a third well (GB 877 #3) in the
field, with plans to initiate drilling operations in late 2008. The Mississippi Canyon 695/696 (APC 25% WI) – Chevron operated
prospect targets new fault blocks, with proven field pay in addition to
several new horizons. If successful, the well would be completed in ! The Blind Faith semi-submersible production platform continued
early 2009 and on line in the 2nd half of 2009. with its mooring installation and commissioning activities in the 2nd
Qtr. The eight mooring lines were successfully installed on the
facility. Operations in the 3rd Qtr involve installation and
commissioning of the flowlines and pipelines, as well as final platform
commissioning.
! Completion operations on the fourth Blind Faith well, MC 696 #5,
were finished in the 2nd Qtr. Production from the Blind Faith field is
rd th
expected either late 3 Qtr or 4 Qtr 2008.
10
NYSE:APC www.anadarko.com
11. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Gulf of Mexico
– MAJOR DEVELOPMENT PIPELINE (CONT.) –
K2 Complex Updip of HKO
HKO to LKO
Upside
Green Canyon 561/562/605/606/518/563/607 (APC 42% WI) Undrilled Potential
Anadarko WI
Flowlines
! At the K2 complex, initial sidetracking operations finished 2008 Drilling Program
successfully on the GC 561 #2 ST1, after the downdip appraisal
penetrated the same sands previously encountered in the original
wellbore. Significant progress has also been made on the updip Marco
K2 Unit
sidetrack which provided additional data to support the pay section Polo
APC WI: 42%
extension of four new hydrocarbon-bearing sands as well as another
400 feet of downdip extension to the existing M-14 sand. The updip
lateral is anticipated to be completed as a producer and should be on
0 2
line in mid-2009. A proposal to the partners is expected to be
MILES
presented by year-end 2008 regarding the optimum enhanced oil
recovery technique for the field.
Mission Deep
Green Canyon 956 (APC 50% WI)
! Early in the 3rd Qtr, Anadarko initiated sidetrack appraisal operations
at its Mission Deep discovery. The appraisal well, GC 956 #1 ST2, is
being sidetracked approximately 1,700 feet to the east of the initial
discovery and 500 feet downdip in block 956. It is targeting the Middle
Miocene sands.
11
NYSE:APC www.anadarko.com
12. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
Gulf of Mexico
– EXPLORATION –
! Anadarko is currently drilling the Shenandoah prospect (Walker LOUISIANA
TEXAS
Ridge 8), which spud in early June. The well has a Lower Tertiary New Orleans
(Wilcox) objective and is located in 5,815 feet of water with a proposed
total depth of 31,000 feet (30,500 feet total vertical depth). Anadarko is Blind Faith
operator and holds a 30% working interest. Partners include Conoco- Tonga West Caesar
Phillips (40%), Cobalt (20%) and Marathon (10%).
! Anadarko also is participating in the Sturgis North prospect (Atwater
Vito
Valley 138), which spud in early February and has Middle and Lower
Sturgis North
Miocene targets. The well is located in 3,490 feet of water with a
K2 Complex
proposed total depth of 31,150 feet. Anadarko and partners, Chevron
Shenandoah APC acreage
(operator), Statoil-Hydro and Devon Energy each hold a 25% working
Exploratory Drilling
interest in this exploratory well. Heidelberg
Major Developments
Mission Deep
! The Vito exploration well (Mississippi Canyon 984) is scheduled to
spud late 3rd Qtr to early 4th Qtr. The well is a middle Miocene test and
has a projected total depth of 29,500 feet in 4,000 feet of water.
Anadarko is the operator with 20% working interest, along with
Statoil-Hydro (25% WI) and Shell (55% WI). Shell will operate after
the exploration well has been drilled.
! The Heidelberg exploration well (Green Canyon 859) is scheduled to
rd
spud in late 3 Qtr. The well is a Miocene target that is on-trend with
the Tonga West discovery and has a projected total depth of 28,500 feet
in 5,025-foot water depth. Anadarko holds a 44.25-percent working
interest and is the operator. Our partners in Heidelberg include
Mariner (12.5% WI), ENI (12.5% WI), Exxon (9.375% WI), Cobalt
(9.375% WI), Hydro (12.0% WI).
12
NYSE:APC www.anadarko.com
13. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
International / Frontier
Net Volumes* Capital*
2Q08 1Q08 2Q08
$ MM
MBbls/d MBbls/d
20 30
Alaska 21
51 8
Algeria 56
17 16
China 17
0 77
Other 0
88 130
TOTAL 94
– DEVELOPMENT – *Data may not add to totals due to rounding.
Alaska China
! Average gross oil production for the Colville River Unit during the 2nd ! During the 2nd Qtr, oil production averaged 46,000 Bbl/d gross from
Qtr was up slightly from the 1st Qtr at approximately 112,000 Bbl/d Bohai Bay.
gross. Five new development wells were drilled and completed during
! Development drilling continued, with four wells (two multi-laterals)
the quarter, including the first of eight wells at the new Qannik
drilled in the CFD 11-1 field during the quarter.
development.
Brazil
! Construction of the Qannik facilities has been completed and first oil
was achieved in early July, three months ahead of schedule.
! The sale of the Peregrino project is progressing towards transaction
close, which should be around year-end 2008.
Algeria
! During the quarter, oil production from the Hassi Berkine South and
the Ourhoud Central Processing Facilities was down to 419,000 Bbl/d
gross due to a planned shutdown, which was completed in mid-April.
! BKNE-B field development was approved by the Algerian
authorities. The first two wells are expected on line in the 3rd Qtr 2008.
! The El Merk project team launched the competitive FEED, and site
preparation began during the quarter.
13
NYSE:APC www.anadarko.com
14. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
International / Frontier
– EXPLORATION –
Brazil Ghana
! We mobilized the Deepwater Millennium drillship from the Gulf of ! Plans to sanction the Jubilee Field in 2008 remain on track. Inquiries
Mexico to Brazil to carryout our exploration program. The rig is have been made in the FPSO market, and it appears that several
currently drilling the Wahoo pre-salt prospect in BM-C-30, which suitable options are available to achieve 2010 first production. Project
awards on several long-lead items are anticipated in 3rd Qtr 2008.
will be drilled to a total depth of 19,750 feet and will test several play
concepts in the pre-salt section. This prospect is a direct offset to the
announced Caxareu pre-salt discovery, where one well in this complex ! The drilling rigs Erik Raude and Blackford Dolphin are expected to
was tested for over 10,000 Bbl/d of light sweet oil. Anadarko is arrive before the end of 2008 and begin the exploration, appraisal and
operator and has a 30% working interest in the Wahoo prospect. development well drilling program. In addition, the partners have
contracted for two additional rigs to arrive in 2009.
! Following completion of operations on the Wahoo prospect, the
Millennium will re-enter the Serpa pre-salt prospect. Petrobras will ! Following the completion of drilling operations of the Mahogany #2
continue to operate the well and has procured the needed drilling well, seven miles northeast and updip from the Hyedua discovery
tools to allow completion of operations to the proposed total depth of well, the partnership performed two drillstem tests on selected
19,500 feet. As previously reported, Serpa was suspended before intervals of the 165 feet of pay sand encountered in the well. Both the
reaching the primary objective due to insufficient rig capacity. The lower and upper tests flowed at a facility constrained rate of
partnership is encouraged with the secondary sands encountered in approximately 5,000 BOE/d. The oil gravity was between 36 and 39
the pre-salt section to dates. Anadarko has a 30% working interest in degree API. In both tests, the oil was found to be high quality and
the prospect. sweet. The well will be temporarily abandoned and may be used as a
producing well in field development. We have now increased our
China estimated recoverable resources expectations to between 500
MMBOE and 1.8 BBOE in this Upper Cretaceous fan discovery.
! Anadarko acquired 900 km of 2D seismic data on deepwater Block
nd
43/11 in the South China Sea during the 2 Qtr. This acquisition
completes a 2,000 km survey, which commenced in late-2007.
Acquisition of a separate, 1,500 km 2D seismic survey should be
rd
completed in early 3 Qtr. Preparations continue for a planned 4,000-
th
meter exploratory well during the 4 Qtr 2008.
14
NYSE:APC www.anadarko.com
15. Second Quarter 2008 ANADARKO PETROLEUM CORPORATION
International / Frontier
– EXPLORATION (CONT.) –
West Africa
Ghana Blocks
! Anadarko acquired interests in five blocks (5.1 million acres) within
the emerging West African Upper Cretaceous fan play trend. Two of
the blocks are located offshore Sierra Leone. Anadarko will operate
these blocks with a 50% working interest. The other three blocks are
located offshore Liberia. Anadarko will operate these blocks with a
65% working interest. Current expectations are to drill a well in Sierra
2
Leone in 2009 and commence a 4,700 km 3D seismic shoot in Liberia
in early 2009. Partners in all five blocks will be Repsol and Woodside.
Indonesia
! In the Bukat block in the Tarakan Basin, Anadarko participated in a
2
multi-azimuth 3D survey over the Aster Field (420 km ) and an 1,800
2 nd
km 3D in the deepwater fold belt region of the block during the 2
Qtr.
Sierra Leone / Liberia Blocks
! Anadarko elected to divest its 51% interest in the onshore BungaMas
PSC located in South Sumatra to focus attention and investment on
the offshore and deepwater portfolio, where the company operates
four blocks and is a partner in two additional blocks.
15
NYSE:APC www.anadarko.com