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Transcript of Steve Crowell CEO, PLUSPETROL Building a Company IAPG HOUSTON - JUNE 2014.
![Page 1: Steve Crowell CEO, PLUSPETROL Building a Company IAPG HOUSTON - JUNE 2014.](https://reader036.fdocuments.net/reader036/viewer/2022062308/56649cd85503460f949a0c23/html5/thumbnails/1.jpg)
Steve CrowellCEO, PLUSPETROL
Building a Company
IAPG HOUSTON - JUNE 2014
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CONTENT
① Who are we?
② What do we look like?
③ Why do we look like
this?
④ How do we go forward?
![Page 3: Steve Crowell CEO, PLUSPETROL Building a Company IAPG HOUSTON - JUNE 2014.](https://reader036.fdocuments.net/reader036/viewer/2022062308/56649cd85503460f949a0c23/html5/thumbnails/3.jpg)
Who Are We?
1
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1. WHO ARE WE?
• A private independent E&P company
• More than 35 years in the industry
• Operates in 7 countries, in South America & West Africa
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What Do We Look Like?
2
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2. WHAT DO WE LOOK LIKE?
Argentina
Angola
Bolivia
Chile
Colombia
Perú
Venezuela
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2. WHAT DO WE LOOK LIKE?
• Production: 538 MBOE/d
• Reserves: 887,5 MMBOE*
• Total Net Sales(PP share): 2526 MMU$S
* P1/ December 31st. 2013
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2. WHAT DO WE LOOK LIKE?
1977
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0
1,000
2,000
3,000
4,000
5,000
6,000 Assets [MMUSD]
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2. WHAT DO WE LOOK LIKE?1977
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0
50,000
100,000
150,000
200,000Operated Oil & Liquids Production [Mbbl/day]
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2. WHAT DO WE LOOK LIKE?
1977
1978
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0
500
1,000
1,500
2,000
2,500 Operated Gas Production [MMCF/day]
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Why Do We Look Like This?
3
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We have a vision
To excel as a benchmarking company among the international energy companies.
3. WHY DO WE LOOK LIKE THIS?
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Thinking beyond obvious possibilities.
Taking action despite uncertainty.
Being persistent.
We have values
3. WHY DO WE LOOK LIKE THIS?
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We have a business model
3. WHY DO WE LOOK LIKE THIS?
We reinvestfor growth
GOOD ROCKS
ENVIRONMENT
POLITICS
COMMUNITY
• Capabilities
• Profitability
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We have acquired skills… starting from challenges!
Let’s talk about our process of growth.
3. WHY DO WE LOOK LIKE THIS?
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3. WHY DO WE LOOK LIKE THIS?
1977 / Centenario Field - Argentina
• Old oil rehabilitation
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1979 / Ramos Field - Argentina
• High pressure gas
• Complex logistics
3. WHY DO WE LOOK LIKE THIS?
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1996 / Block 8 - Perú
• Complex logistics
• Old oil rehabilitation
• High water treatment
• Communities relationships
• Environmental sensitivity
3. WHY DO WE LOOK LIKE THIS?
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1997 / Tacobo - Bolivia
• High pressure gas
• Complex logistics
3. WHY DO WE LOOK LIKE THIS?
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1998 / Centenario Field – Argentina
• Tight gas / fracking
3. WHY DO WE LOOK LIKE THIS?
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1999 / Block 1AB - Perú
• Old oil rehabilitation
• Complex logistics
• High water treatment
• Heavy oil
3. WHY DO WE LOOK LIKE THIS?
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2000 / Camisea Project – Perú
• High pressure gas
• Complex logistics
• Communities relationships
• Environmental sensitivity
• Political & media relationships
3. WHY DO WE LOOK LIKE THIS?
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2002 / Venezuela
• High pressure gas
• Complex logistics
3. WHY DO WE LOOK LIKE THIS?
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2008 / Colombia
• Heavy oil
• Complex logistics
3. WHY DO WE LOOK LIKE THIS?
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2009 / Petroandina
• Heavy oil
• Sand control
3. WHY DO WE LOOK LIKE THIS?
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2009 / Angola
• Complex logistics
• Communities relationships
• Environmental sensitivity
3. WHY DO WE LOOK LIKE THIS?
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2013 / Unconventionals blocks*
• Fracking
3. WHY DO WE LOOK LIKE THIS?
* In process
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2013 / Petrodelta *
3. WHY DO WE LOOK LIKE THIS?
* In process
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Our Development Model
4
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4. OUR DEVELOPMENT MODEL
We acquire new
skills out of challengesbut skills alone are not enough.
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4. OUR DEVELOPMENT MODEL
Uncertainty grows
For the Oil & Gas industry
sustainability is getting
• Tougher• More complex• More competitive
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4. OUR DEVELOPMENT MODEL
• We have a vision and values that compel us
to think bigger and dare to the new.
• We have a business model for growth in
profitability and capabilities.
• We have acquired skills out of challenges.
We have a development model
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A model to balanceour decisionsand manage uncertainty
4. OUR DEVELOPMENT MODEL
Skills
Business Model
Vision /
Values
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4. OUR DEVELOPMENT MODEL
With our development model
• We reduce uncertainty (we get smarter as we grow!).
• We honor long term commitments with the countries
where we operate.
• We embrace challenges as opportunities.
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4. OUR DEVELOPMENT MODEL
With our development model
We bring true growth for Pluspetrol, for our employees, for the
communities and for the host countries on a long term basis.
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Thank You
IAPG HOUSTON – JUNE 2014