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Maersk Oil profile [18/6 2013, MINSC, Hans-Henrik Kogsbøll]
Maersk Oil profile[18/6 2013, MINSC, Hans-Henrik Kogsbøll]
Maersk Oil – A Top 30 oil company
Gross Production by Operator, 2011 (‘000 bpd)
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SuperMajor
Note: Data from Wood Mackenzie. National Oil Companies are not included.
Majors MidsizeCompanies
Maersk Oil at a glance• 3,450 employees• 321 Licences , incl. 130 operated• Active in 11 countries• Production level (2011)• Operated: 626,000 bpd• Entitlement: 333,000 bpd• Headquartered in Copenhagen• Wholly-owned subsidiary of APMM
page 2
Maersk Oil – A Top 30 oil company
0
1000
2000
3000
4000
5000
SuperMajor
Majors MidsizeCompanies
page 3
Gross Production by Operator, 2011 (‘000 bpd)
Note: Data from Wood Mackenzie. National Oil Companies are not included.
Maersk Oil at a glance• 3,450 employees• 321 Licences , incl. 130 operated• Active in 11 countries• Production level (2011)• Operated: 626,000 bpd• Entitlement: 333,000 bpd• Headquartered in Copenhagen• Wholly-owned subsidiary of APMM
Maersk Oil – from local to global player
EORExploration Appraisal Development Primary production Mature field Abandonment
Business Development
The value chain
2012
Denmark
Qatar
UK
USA
Brazil
Norway
Algeria
Kazakhstan
Angola
Kurdistan
Greenland
Expansion of geographical focus
Denmark
Qatar
2002
Algeria
Kazakhstan
page 4
North Sea
GoM/Atlantic Margin
Middle East / North Africa
A balanced portfolio
Producing countries
Exploration
Production level (‘000 bpd) 311 265 400Producing countries 3 6 10Major projects 1 14
2002 2012 2020
page 5
265
0
50
100
150
200
250
300
350
400
450
Target production level of 400,000 bpd, achievable through identified projects
2020
400
201220112010200920082007200620052004200320022001
DenmarkQatarAlgeriaKazakhstanUKBrazil
Entitlement Production (‘000 bpd)
333377
428424393
322289301313311
246
page 6
Asset Management Major Development Projects
Three pillars of our growth strategy
SAFETY – INCIDENT FREETECHNOLOGY
Exploration
PEOPLE AND LEADERSHIP
page 7
Levers for successWorld class oil & gas assets
People and leadership
Technical capabilities
Safety
Maersk Oil
page 8
Maersk Oil Sep 2012Industry Benchmark 2009
60-6455-5950-5445-4940-4435-3930-3425-2920-24
% of Total
Age Group
0
5
10
15
25
Subsurface and Drilling Professionals per Age Category
20
page 9
Oil Water
Oil-production Water-injection
Deploying technology to unlock potential
Maersk Oil is known for• Turning marginal and challenging
fields into commercial successes• Early adoption and deployment of
technology• World-class project execution
page 10
The North Sea
First licence in 1962Foundation of the Maersk Oil story40 years of oil production Pioneered development of chalk reservoirsLarge EOR potential
Country entry: 2004Actively building portfolio through licence rounds and acquisitionsPL 501 (Johan Sverdrup) awarded in 2008Pre-discovery farm-in to Zidane
Denmark
Active since 2003Significant growth in 2005 via Kerr McGee acquisitionA growing part of the portfolioMature assetsHPHT capability centreContinued Exploration success
United Kingdom
Norway
page 11
Middle East / North Africa
Country entry: 1992Largest offshore oil field operator1.2 billion barrels oil produced1/3 of Qatar’s oil production
Country entry: 2000Leveraging our tight reservoir capabilities to unlock large resource base200 well drilling programme initiated
Kazakhstan
Country entry: 1990Operated by AnadarkoReliable production from major assetsAttractive outlook as El Merk comes on stream
Algeria
Qatar
Country entry: 2011Risk-managed entry30% share-holding in HKN EnergySarsang PSC; Large, multi-prospect, oil proneWorld-class discovery
Kurdistan
page 12
The natural upstream oil and gas partner; navigating complexity, unlocking potential
