Keeping Houston the Energy Capital of the World - PowerPoint PPT Presentation

1 / 17
About This Presentation
Title:

Keeping Houston the Energy Capital of the World

Description:

The following presentation includes forward-looking statements ... 48 Wells : 31 Wildcat & 17 Appraisal Wells (excludes Asset Exploration) DW GOM. Venezuela ... – PowerPoint PPT presentation

Number of Views:41
Avg rating:3.0/5.0
Slides: 18
Provided by: luc55
Learn more at: http://www.bauer.uh.edu
Category:

less

Transcript and Presenter's Notes

Title: Keeping Houston the Energy Capital of the World


1
  • Keeping Houston the Energy Capital of the World
  • June 15, 2004

Terry LuchtManager, Drilling Engineering
Operations
2
Forward Looking Cautionary Statement
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE
SAFE HARBOR PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995 The
following presentation includes forward-looking
statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. You can
identify our forward-looking statements by the
words expects, anticipates, intends,
plans, projects, believes, estimates, and
similar expressions. For risks related to these
forward-looking statements, please review our SEC
filings, including our recently filed Form 10-K
for the year ending December 31, 2003.
3
ConocoPhillips
  • Competitive Integrated Energy Company
  • Operate in more than 40 countries
  • 2003 Revenues of 105 B / Assets of 82 B
  • Approximately 37,200 employees
  • Diversified Integrated Portfolio of Legacy Assets
  • EP 1.6 MM BOE/d produced / 8.1 B BOE reserves
  • RM 2.6 MM B/d refining capacity
  • Joint Ventures in Chemicals and Midstream
  • 50B market cap / A- credit rating

Includes Syncrude
4
2003 Performance
  • Solid operations
  • Synergy capture
  • ROCE improvement
  • Portfolio optimization
  • Enhanced opportunities
  • Improved financial strength

5
First Quarter 2004 Progress
Strong Production Volumes
High Refining Utilization
Improving Economy
Synergy Capture
6
YTD Total Shareholder Return
COP STOCK PRICE January 1, 2004 65.57
May 3, 2004 73.90
Peer Group Average 4.1
7
Legacy Asset Development
  • Maintaining mature area production
  • Alaska, Canada, Lower 48, Norway, UK
  • Key growth areas
  • Venezuela
  • Timor Sea
  • Indonesia
  • Vietnam
  • China
  • Kazakhstan
  • Qatar

8
Deepwater Projects
Magnolia
  • Other projects discoveries
  • Ursa / Princess
  • K2
  • Leveraging skills inWest Africa Asia Pacific
  • Operator, WI 75
  • First oil 2004
  • Worlds deepest TLP
  • 55 MBOED net peak rate

9
New Legacy Projects - Heavy Oil
Surmont
Hamaca
  • WI 43
  • First oil 2006
  • Production increasing to 50 MBOED net
  • WI 40
  • Upgrader online 2004
  • Production increasing to 70 MBOED net

Leader in Heavy Oil to North America
10
Legacy Projects - Asia Pacific Oil
Bohai Bay
Su Tu Den
  • WI 23.3
  • First oil Oct 2003, ahead of schedule
  • 20 MBOED net peak ratein 2008
  • Operator, WI 49
  • Current 17 MBOED net
  • Phase II first oil 2008
  • 80 MBOED net peak ratein 2009

11
LNG Supply for U.S. Market
East Venezuela LNG
Qatar LNG
Brass LNG
  • HOA signed 2003
  • WI 30
  • Giant North Dome field
  • 1 BCFD gross sales volume
  • Startup 2008-2009
  • HOA signed 2003
  • WI 17
  • 2 Trains
  • 680 MMCFD grossper train
  • Startup 2008-2010
  • Existing discovery
  • WI 40
  • Appraisal drilling in 2004
  • Startup 2009-2011

12
Legacy Projects - Asia Pacific Gas
W. Natuna Sea
S. Sumatra - Corridor
Bayu-Undan
  • Operator, WI 40
  • Long-term sales to Singapore and Malaysia
  • 60 MBOED net peakrate in 2007
  • Operator, WI 54
  • Substantial resource
  • 75 MBOED net peakrate in 2009
  • Operator, WI 56.7
  • 17 year LNG contract
  • First LNG cargo 2006
  • 90 MBOED net peakrate in 2009

Major Gas Supplier to Key Markets
13
2004 Drilling Program
48 Wells 31 Wildcat 17 Appraisal Wells
(excludes Asset Exploration)
Alaska
Mackenzie
North Sea
Canada Foothills
Caspian
China
DW GOM
Vietnam
Malaysia
Venezuela
West Africa
Indonesia
14
Capturing Value of Integration
  • Canada US Midcontinent refining
  • Syncrude and Surmont production
  • Billings and Wood River refineries
  • Recent Hartford acquisition
  • Venezuela USGC refining
  • Petrozuata and Hamaca heavyoil production
  • Lake Charles and Sweeny refineries
  • PDVSA joint ventures

15
Building Momentum
  • Addressing future global energy concerns
  • Capturing value through integration
  • Developing legacy asset areas with
    project execution focus
  • Financial discipline

15
16
(No Transcript)
17
(No Transcript)
Write a Comment
User Comments (0)
About PowerShow.com