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Ports Rail 3
68693 Public Disclosure Authorized Caucasus Transport Corridor for Oil and Oil Products Public Disclosure Authorized Public Disclosure Authorized Prepared by: ECSSD The World Bank Public Disclosure Authorized December 2008 Abbreviations and Acronyms ACG Azeri, Chirag and deepwater Gunashli (oil fields) ADDY Azerbaijan Railway AIOC Azerbaijan International Oil Consortium bpd Barrels per day BTC Baku-Tbilisi-Ceyhan (pipeline) CA or CAR Central Asian Region Caspar Azerbaijan State Caspian Shipping Company CIS Commonwealth of Independent States CNPC China National Petroleum Corporation CPC Caspian Pipeline Consortium (pipeline) dwt Deadweight ton FOB Free on board FSU Former Soviet Union GDP Gross Domestic Product GR Georgian Railway km Kilometer KCTS Kazakhstan Caspian Transport System KMG KazMunaiGaz KMTP Kazmortransflot kV Kilovolt MEP Middle East Petroleum MOU Memorandum of Understanding OECD Organization for Economic Co-operation and Development RTC Rail tank-car RZD Russian Railway SOCAR State Oil Company of Azerbaijan tpa Tons per annum (per year), metric TRACECA Transport Corridor Europe-Caucasus-Asia Vice President, Europe and Central Asia: Shigeo Katsu, ECAVP Country Director: Donna Dowsett-Coirolo, ECCU3 Sector Director: Peter D. Thomson, ECSSD Sector Manager, Transport: Motoo Konishi, ECSSD Task Team Leader: Martha Lawrence, ECSSD I II Table of Contents EXECUTIVE SUMMARY 1. CASPIAN OIL TRANSPORT MARKET DYNAMICS Outlook for Caspian Oil Production Transport Options for Caspian Oil 2. CAUCASUS RAIL CORRIDOR—PHYSICAL CONSTRAINTS Ports -
Acquisition of Maersk Oil August 2017 Slide Feb
Acquisition of Maersk Oil August 2017 Slide Feb. 2017 Capitalizing on strengths to secure future growth Taking advantage of current market conditions Maintaining discipline to reduce breakeven Taking advantage of low-cost environment • Sanctioning high-return projects • Adding attractive resources Increasing leverage to oil price Committed to creating shareholder value 2 Acquiring an attractive and complementary portfolio Adding quality assets offering growth in core areas Mainly conventional OECD assets with strong growth and high margins Complementary international portfolio Significant synergies Cash flow and earnings accretive from 2018 3 An excellent fit between Maersk Oil and Total assets Mainly OECD portfolio & Significant synergies > 80% North Sea Norway 85% OECD Johan Sverdrup, 8.44% 60% operated UK Culzean, 49.99%, op. Denmark DUC, 31.2%, op. Kazakhstan Dunga, 60%, op. United States Jack, 25% Iraq Kurdistan Algeria Sarsang block, 18% Berkine Basin, 12.25% Kenya South Lokichar, 25% Brazil Itaipu, 26.7% Wahoo, 20% Angola Chissonga, 65% op. Maersk Oil & Total Maersk Oil only Total only 4 Share and debt deal Closing expected early 2018* Offer for 100% Maersk Oil’s equity Total will obtain ~ 1 billion barrels of reserves • > 85% in OECD countries 4.95 B$ in Total shares (97.5 million shares) Net production of 160 kboe/d in 2018 increasing to > 200 kboe/d by early 20’s Predominantly liquid production with high margins and free cash flow breakeven < 30 $/bbl Total will assume 2.5 B$ of Maersk Oil’s debt > 1.3 B$ CFFO at 50 $/b in 2018 before synergies Experienced teams with strong operational skills * Subject to regulatory approvals A new long term shareholder 5 A competitive transaction Earnings and Cash per share accretive from 2018 Consideration / production 2018 CFFO at 50 $/b k$ / boed $ / share > 0.2 100 $ / share 46 k$/boepd 0 Maersk Oil Recent comparable Total Total incl. -
Maersk Olie Og Gas A/S
Maersk Olie og Gas A/S I CVR-IMo. 22757318 Annual Report 2015 Approved at the GeneraTAssembly: 29 April 2016 Chairman of the meeting: Majbritt Perotti Carlson Esplanaden 50,1263 Copenhagen K mp Mdsrsk Olie og Gas A/S CVR-No. 22757318 Annual Report 2015 Content Page Company information 3 List of companies 4 Directors' Report 6 Management's Statement 13 Independent Auditors' Report 14 Accounting policies 16 Income statement - Group 21 Balance sheet - Group 22 Cash Flow statement - Group 24 Income statement - Parent 25 Balance sheet - Parent 26 ( Notes 28 2 MP Masrsk Olie og Gas A/S CVR-No. 22757318 Annual Report 2015 Company information Maersk Olie og Gas A/S Esplanaden 50 1263 Copenhagen K CVR-No.: 22757318 Date of incorporation: 26 September 1962 Registered office: Copenhagen Financial year: 01 January 2015 - 31 December 2015 Board of Directors Nils Smedegaard Andersen (Chairman) Michael Pram Rasmussen Trond Westlie Management Jakob Thomasen Auditors KPMG Statsautoriseret Revisionspartnerselskab Dampfaergevej 28 2100 K0benhavn 0 3 Msersk Olie og Gas A/S CVR-No. 22757318 Annual Report 2015 List of Companies Maersk Olie og Gas A/S is a wholly-owned subsidiary of A.P. M0ller - Maersk A/S (Copenhagen) and is included in the accounts for the A.P. Moller - Maersk Group. Maersk Olie og Gas A/S is the parent company for the following directly or indirectly subsidiaries (100% owned if not otherwise indicated): Maersk Oil Qatar A/S, Copenhagen Maersk Olie, Algeriet A/S, Copenhagen Maersk Oil Colombia A/S, Copenhagen Maersk Oil Angola A/S, Copenhagen -
Black Sea Container Market and Georgia's Positioning
European Scientific Journal November 2018 edition Vol.14, No.31 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 Black Sea Container Market and Georgia’s Positioning Irakli Danelia, (PhD student) Tbilisi State University, Georgia Doi:10.19044/esj.2018.v14n31p100 URL:http://dx.doi.org/10.19044/esj.2018.v14n31p100 Abstract Due to the strategically important geographical location, Black Sea region has a key transit function throughout between Europe and Asia. Georgia, which is a part of Black sea area, has a vital transit function for Caucasus Region, as well as for whole New Silk Road area. Nevertheless, still there is no evidence what kind of role and place Georgia has in The Black Sea container market. As the country has ambition to be transit hub for containerizes cargo flows between west and east and is actively involved in the process of formation “One Belt One Road” project, it is very important to identify Country’s current circumstances, capacities and future potential. Because of this, the purpose of the study is to investigate cargo flows and opportunities of the Black Sea container market, level of competitiveness in the area and define Georgia’s positioning in the regional Container market. Keywords: Geostrategic Location, New Silk Road, Transit Corridor, Cargo flow, Container market, Georgia, Black Sea Methodology Based on practical and theoretical significance of the research the following paper provides systemic, historical and logical generalization methods of research in the performance of the work, scientific abstraction, analysis and synthesis methods are also used. Introduction Since the end of the Cold War, the Black Sea region has no longer been a static border between the West and the East. -
Issued in Accordance with Article 17 of Instruction DOC-2016-04 of the French Financial Markets Authority (Autorité Des Marchés Financiers)
Announcement issued in accordance with Article 17 of Instruction DOC-2016-04 of the French Financial Markets Authority (Autorité des Marchés Financiers). Total completes the acquisition of Maersk Oil and issues 97,522,593 new Total shares for the benefit of A.P. Møller - Mærsk A/S as consideration for the contribution of Maersk Oil shares to Total S.A. Paris, 8 March 2018 Total announces the completion of the acquisition of Mærsk Olie og Gas A/S (Maersk Oil) as part of the share and debt transaction, announced on 21 August 2017, and the definitive completion of the contribution to Total S.A. by A.P. Møller - Mærsk A/S (Maersk) of all the shares it holds in the share capital of Maersk Oil (the Contributed Shares). Accordingly, Total S.A. has issued 97,522,593 new shares to Maersk as consideration for the contribution of the Contributed Shares. These shares are fully assimilated to all other existing Total S.A. shares and will be admitted to trading on Euronext Paris on the same trading lines as the existing Total shares. The reasons and terms of the transaction are described hereafter. 1. Reasons for the transaction This operation will enable Total to acquire a company with a growing production, quality assets with a good fit to Total portfolio in core regions. With the integration of Maersk Oil assets, Total will become the second largest operator in the North Sea, will increase the share of conventional assets in OECD countries in its portfolio and will generate commercial, operational and financial synergies. -
Environmental Assessment Report: Georgia, Port of Poti
Environmental Assessment Report Environmental Audit Report September 2009 Prepared by Scientific Research Firm Gamma for Poti Sea Port Corporation This report has been submitted to ADB by Poti Sea Port Corporation and is made publicly available in accordance with ADB’s public communications policy (2005). It does not necessarily reflect the views of ADB. Poti Sea Port Corporation Environmental Audit Report for Current Operations of Poti Sea Port Executed by: Scientific Research Firm Gamma President Vakhtang Gvakharia Tbilisi-Poti 2009 9 M. Alexidze st, 0193, Tbilisi, Georgia tel: +(995 32) 330 274, 330 374 tel/fax +(995 32) 333 268 e-mail: [email protected] SCIENTIFIC RESEARCH FIRM GAMMA Environmental Audit, Poti Sea Port Corp. Page 2 of 38 Content 1 INTRODUCTION.............................................................................................................................................3 2 BRIEF DESCRIPTION OF POTI SEA PORT OPERATIONS ........................................................................4 2.1 ABOUT POTI SEA PORT .............................................................................................................................4 2.2 PORT’S EXTENSIVE DEVELOPMENT............................................................................................................7 3 DESCRIPTION OF PORT’S TECHNOLOGICAL PROCESSES .....................................................................7 3.1 TECHNOLOGICAL SCHEME AND CAPACITY OF OIL PRODUCT HANDLING ..................................................7 -
Maersk Oil – Turning Challenges Into Opportunities
MAERSK OIL – TURNING CHALLENGES INTO OPPORTUNITIES Carsten Sonne-Schmidt, Maersk Oil CFO Swedbank Summit, 16 March 2017 page 2 AGENDA 1. INTRODUCING MAERSK OIL 2. OUR PERFORMANCE JOURNEY 3. BUILD OUR FUTURE BUSINESS page 3 Maersk Oil has a proven track record of +50 years of turning challenges into opportunities First oil from the First gas Halfdan field less Entry in Kurdistan from Maersk Oil is than 1 year after Region of Iraq Culzean awarded a licence discovery Chissonga Acquisition of Kraka, the first oil Operator of field Breakthrough in Qatar, start of deepwater Acquisition of Kenya and Ethiopia First oil discovery in the developments and with horizontal the Al Shaheen Maersk Oil enters Entry in the US discovery in Brazilian assets First oil licences and from Johan North Sea some exploration wells field development Kazakhstan Gulf of Mexico Angola from SK Energy El Merk, Algeria exploration acreage Sverdrup A.P. Møller awarded First oil from the First gas from the Maersk Oil enters First oil from the Acquisition of The Culzean gas Discovery of the Dunga Phase Golden Eagle, UK 50th anniversary for the concession for Dan field in the Tyra field in the Algeria Al Shaheen field Kerr-McGee’s discovery in UK giant Johan II, onshore brought on stream first oil in the Danish oil and gas Danish North Sea Danish North Sea assets in the UK Sverdrup field in Kazahkstan, Danish North Sea extraction. DUC Norway development Start of production established commenced from the non- operated Jack field, US page 4 Maersk Oil’s global presence today -
GEORGIA (Acting Through the Ministry of Finance of Georgia) U.S.$500,000,000 2.750% Notes Due 2026 ISSUE PRICE: 99.422%
GEORGIA (acting through the Ministry of Finance of Georgia) U.S.$500,000,000 2.750% Notes due 2026 ISSUE PRICE: 99.422% The U.S.$500,000,000 2.750% Notes due 2026 (the "Notes") to be issued by Georgia, acting through the Ministry of Finance of Georgia (the "Issuer" or "Georgia"), will mature on 22 April 2026 (the "Maturity Date") and, unless previously purchased and cancelled, will be redeemed at their principal amount on that date. The Notes will bear interest from, and including, 22 April 2021 at the rate of 2.750% per annum payable semi-annually in arear on 22 April and 22 October in each year, commencing on 22 October 2021. This Offering Circular comprises neither a prospectus for the purposes of Part VI of the Financial Services and Markets Act 2000 (as amended) (the "FSMA"), a prospectus for the purposes of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation"), nor listing particulars given in compliance with the listing rules made under Part VI of the FSMA by the UK Financial Conduct Authority (the "FCA") pursuant to the FSMA. Application has been made for the Notes to be admitted to the official list of the FCA (the "Official List") and to trading on the main market (the "Market") of the London Stock Exchange plc (the "London Stock Exchange"). The Notes are being offered (i) in offshore transactions in reliance on, and as defined in, Regulation S (the "Regulation S Notes") under the U.S. -
Press Release
Press Release UK: Total starts up production of the Culzean field Paris, June 11, 2019 – Total has started up production from the Culzean gas condensate field located on Block 22/25a, 230 kilometers off the coast of Aberdeen, in the UK. With a plateau production of 100,000 barrels of oil equivalent per day (boe/d), Culzean will account for around 5% of the UK’s gas consumption, bringing to 18% the proportion of the country’s gas demand supplied by Total. “The Culzean project is delivered ahead of schedule and more than 10% below the initial budget, which represents Capex savings of more than 500 million dollars. This has been achieved thanks to the excellent performance of the project teams in charge of the construction and drilling operations,” stated Arnaud Breuillac, President Exploration & Production at Total. “Culzean is a good example of our efforts to upgrade our portfolio in the North Sea over the last years, notably by bringing Total and Maersk Oil together. The Culzean field is located in the Central Graben area, close to the Elgin-Franklin fields, also operated by Total, thus generating synergies.” Discovered in 2008 by Maersk Oil, the Culzean field contains resources estimated between 250 and 300 million barrels of oil equivalent. The project includes the drilling of six wells, the construction of three bridge-linked platforms and of a Floating Storage and Offloading (FSO) unit. Gas from Culzean is exported via the CATS pipeline and the UK National Grid whilst condensate is stored in the FSO for offloading by shuttle tanker. New digital technologies applied on the project, such as the latest smart rooms, will deliver higher efficiency during operations and create a safer working environment. -
June 2021 20
Annual Report 2020 June 2021 20 202 Olie Gas Danmark — Annual Report 2020 DBU Employees Offshore Tabel of contents 3 Board of Directors 4 Foreword 7 Key Achievements 2020 Climate and Sustainability Health, Safety and Environment Skills and Capabilities 14 Communication and External Engagement Communication Legal & Regulatory Affairs Partnering and recognition Publications 17 International engagement IOGP Bilateral collaboration around the North Sea 18 Covid-19 related activities 20 Current Oil Gas Denmark Members 21 Committee and Workgroup members 24 Financial Performance 2020 25 Employees Annual Report 2020 — Olie Gas Danmark 3 Board of Directors Martin Rune Pedersen Verner Andersen Christian Krüger Vice President and Country Vice President, Semco VP, Global Account Chair for TotalEnergies Den- Maritime, Vice Chairman of Oil Management, Welltec A/S mark, Chairman of Oil Gas Gas Denmark Denmark Martin is responsible for TotalEnergies’ ac- Verner is VP of Semco Maritime´s Opera- Christian is VP, Global Account Manage- tivities in Denmark, and as Vice President tions Support in the Oil & Gas Division. ment of Welltec. His background is an MSc Offshore Development he is responsible His background is an electrical engineer. in Geology from the University of Copen- for global development support to conven- He joined Semco Maritime after having hagen. He has more than 30 years of expe- tional offshore operation. He holds an MSc held several managerial positions in vari- rience from the oil & gas industry and has in Engineering from Aalborg University as ous offshore companies in Scandinavia. worked both in the field and in managerial well as a Graduate degree in Management He is also member of the Board in Esbjerg positions around the world. -
Georgia Finland
SWEDEN GEORGIA FINLAND NORWAY ST PETERSBURG YEKATERINBURG KRASNOYARSK ESTONIA CHELYABINSK GATEWAY TO THE CAUCASUS AND CENTRAL ASIANOVOSIBIRKSK RIGA LATVIA MOSKOW DENMARK KLAIPEDA LITHUANIA RUSSIA SAMARA BELARUS KOSTANAY ASTANA IRELAND HAMBURG UNITED AMSTERDAM KINGDOM NETHERLAND POLAND ROTHERDAM KARAGANDY GERMANY AKTOBE ANTWERP BELGIUM UKRAINE LUXEMBOURG LE HAVRE CZECH REPUBLIC SLOVAKIA ATYRAU KAZAKHSTAN NANTES MOLDOVA AUSTRIA ODESSA AZOV HUNGARY KYZYLORDA DOSTYK FRANCE SWITZERLAND ROMANIA AZOV SEA DRUZHBA SLOVENIA ILLICHIVS'K RIJEKA CROATIA RAVENNA BUCURESTI GENOA ALMATY BOSNIA URUMGI AND MARSEILLE HERZEGOVINA SERBIA CONSTANTA AKTAU UZBEKISTAN LA SPEZIA SHYMKENT BISHKEK BLACK SEA ADRIATIC BULGARIA POTI CASPIAN KYRGYZSTAN ITALY MONTENEGRO VARNA GEORGIA DASOGUZ TOULON SEA SEA BAR BARCELONA LIVORNO ISTANBUL TBILISI TASHKENT MACEDONIA BATUMI LEIXOES SPAIN BAKU DURRES SAMSUN ARMENIA AZERBAIJAN NAPOLI ALBANIA THESSALONIKI GEMLIK PORTUGAL TURKEY TURKMENISTAN TURKMENABAT TAJIKISTAN TYRRHENIAN SEA SALERNO CHINA VALENCIA GREECE TURKMENBASHI DUSHANBE SETUBAL IZMIR PIRAEUS ASHGABAT MARY SINES RADES ANTALYA ALGIERS MERSIN BEJAIA ISKENDERUN TUNISIA MALTA ERBIL SYRIA SFAX CYPRUS CASABLANCA AFGHANISTAN LEBANON IRAN MEDITERRANEAN SEA BEIRUT ALGERIA IRAQ HAIFA PAKISTAN MOROCCO TRIPOLI DAMIETTA ISRAEL ALEXANDRIA ASHDOD SAUDI ARABIA LIBYA JORDAN EGYPT KUWAIT NEPAL QATAR WESTERN SHARAH UNITED ARAB EMIRATES INDIA OMAN PUNE MAURITANIA MALI NIGER CHAD ERITHEA SENEGAL SUDAN YEMEN BURKINA FASO DJIBOUTI GUINEA BENIN LogisticsTOGO ServicesNIGERIA Multimodal Services -
Investor Presentation June 2016
A.P. Møller - Mærsk A/S June 2016 page 2 Forward-looking Statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond A.P. Møller - Mærsk A/S’ control, may cause actual development and results to differ materially from the expectations contained in the presentation Title of presentation |page 3 Agenda 1 History and Group overview 2 Market Overview 3 Business segments 4 Financial review and strategy 5 Funding strategy page| page 4 4 The Maersk Group at a glance • Diversified global conglomerate with activities focused in energy and transportation • Established 1904: 110+ years of financial strength • Headquartered in Copenhagen, Denmark • 2015 FY revenues USD 40.3bn, EBITDA USD 9.1bn • Market cap of around USD 26.8bn at end Q1 2016 • Approximately 90,000 employees in more than 130 countries • Long term credit ratings of BBB+ (negative) and Baa1 (stable) from S&P and Moody’s respectively • Stable and consistent ownership structure • Strategic focus on: • Maersk Line • Maersk Oil • APM Terminals • Maersk Drilling • APM Shipping Services page 5 The Maersk Group at a glance MAERSK LINE Brands Share of FY #1 Global container liner by TEU capacity (14.7% share1) 2015 CFFO Operates a capacity of 3.0m TEU by end Q1 2016: • 287 (1.8m TEU) owned vessels • 318 (1.2m TEU) chartered vessels 41% Young fleet – efficient on fuel and reduced environmental impact MAERSK OIL Mid sized independent E&P company with an entitlement production of 312,000 boepd