1 / 20

Ian J Cooling Vice President, International Business Development

NOT AN OFFICIAL UNCTAD RECORD. Anadarko: A Growing Independent in Africa. Ian J Cooling Vice President, International Business Development. Independents have: Deep Pockets Exploration is technology-intensive and high cost Flexibility Oil and gas is where you find it,

ronnie
Download Presentation

Ian J Cooling Vice President, International Business Development

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. NOT AN OFFICIAL UNCTAD RECORD Anadarko: A Growing Independent in Africa Ian J Cooling Vice President, International Business Development

  2. Independents have: Deep Pockets Exploration is technology-intensive and high cost Flexibility Oil and gas is where you find it, A Passion for Finding We like what we do and we’re good at it Exploration is Risky Business

  3. Who Are the Independents? • Large independents have market caps of $3 - $15 billion • Most active drillers in North America • Produce about 25% of U.S. oil and gas 2

  4. The Changing Role of Independents • Migrating to new frontiers • Focus on exploration, exploitation • U.S. onshore • Unconventional • Enhanced Oil Recovery • Deepwater • Landscape in transition: Moving more international

  5. Data Easy and low-cost access stimulates interest Realistic Terms Work program vs. bonus High risk / high reward Partnership Expectations aligned with host country Political Stability Long term investment Transparency Factors in Independents’ Success

  6. Anadarko at a Glance • Assets: $20 billion • 2005 Capital Budget: $2.7 - $3 Billion • 2004: • 2.37 Billion BOE Proved Reserves • Produced 190 Million BOE • 3,400 employees worldwide • Avg prod 153 BOPD per head • Avg annual spend $882K per head • Avg annual sales $ 2.57MM per head

  7. Production Algeria Exploration Algeria Tunisia Gabon JDZ Nigeria East Africa Anadarko in Africa

  8. Two Decades of Teamwork Continued relationship with Sonatrach Timeline of Algeria Reserves Production Continued Growth First Visit to Algeria First Discovery EMK-1 First Oil Production from HBNS Facility

  9. Sonatrach/Anadarko: Opposites with different needs, united by a common goal Collaborative approach: Ability to create more value together than apart Goal: Increase the size of the value pie Learning About Partnership

  10. New approach: Development decisions made together Benefits: Common philosophy leads to operational efficiencies Workforce: Diverse, multi-skilled, multi-cultural Result: World-class facilities in remote environment Formation of Groupement Berkine

  11. Groupement Berkine takes a multiphase approach to training Training budget at Groupement Berkine is a multimillion dollar program allocated to technical and geosciences disciplines Benefits: Increased level of professional confidence Greater project ownership Training Programs

  12. Workforce Development • Recruiting & retaining the very best people is vital • Partnership with Algiers University to recruit and train Petroleum Engineering graduates • Commitment to conduct as much of the work in country • Subsurface team based in Hassi Messaoud

  13. Prolific Area Proven petroleum system Technology Driven Innovative development Size of the Prize Low risk/high cost Anadarko in West Africa

  14. Emerging Frontier Area Right neighborhood Deepwater Analog Driven Gulf of Mexico Niger Delta Size of the Prize High risk/high potential Anadarko Looking in East Africa

  15. Deepwater Development Marco Polo Independence Hub Basin Centered Gas New, multi TCF resource Low cost drilling New frac technology Deep Drilling HTHP wells to 30,000 ft (+) Bear Head LNG Regasification facility Anadarko is Technology Driven

  16. Committed To Reducing Minimum Economic Field Size (MEFS) From 300mmboe to <50mmboe Minimum Tank Size Completion From 20mmbo to 5mmbo First Production From 6 years to 1 year from discovery Can be utilized in water depths up to 8000’ Anadarko’s Emerging Deepwater Technology Production Using MEPS Modular Early Production System MEPS is Patent Pending

  17. Act with integrity Value people as the competitive edge Learn and continuously improve Focus on sustainable commercial success Build trust with all stakeholders Anadarko’s Values

  18. The Ultimate Challenge • More Opportunities • More Capability • More Investment

  19. Characteristics of a Successful Independent • Clear strategic direction and consistent execution • Quick to act and make decisions when opportunities have been identified • Able to assess risks properly • Mindful of reputation and image • Strong skill sets technically and commercially

More Related