1. Building a Company IAPG HOUSTON - JUNE 2014 Steve Crowell
CEO, PLUSPETROL

2. CONTENT
Who are we?
What do we look like?
Why do we look like this?
How do we go forward?

3. 1
Who Are We?

4. More than 35 years in the industry Operates in 7 countries,
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

5. 2
What Do We Look Like?

6. Argentina Angola Bolivia Chile Colombia Perú Venezuela
2. WHAT DO WE LOOK LIKE?
Argentina
Angola
Bolivia
Chile
Colombia
Perú
Venezuela

7. Total Net Sales(PP share): 2526 MMU$S
2. WHAT DO WE LOOK LIKE?
Production: 538 MBOE/d
Reserves: 887,5 MMBOE*
Total Net Sales(PP share): 2526 MMU$S
* P1/ December 31st. 2013

8. 2. WHAT DO WE LOOK LIKE?

9. 2. WHAT DO WE LOOK LIKE?

10. 2. WHAT DO WE LOOK LIKE?

11. 3
Why Do We Look Like This?

12. 3. WHY DO WE LOOK LIKE THIS?
We have a vision
To excel as a benchmarking company among the international energy companies.

13. Thinking beyond obvious possibilities.
3. WHY DO WE LOOK LIKE THIS?
We have values
Thinking beyond obvious possibilities.
Taking action despite uncertainty.
Being persistent.

14. We have a business model
3. WHY DO WE LOOK LIKE THIS?
We have a business model
GOOD ROCKS
ENVIRONMENT
POLITICS
COMMUNITY
We reinvest
for growth
• Capabilities
• Profitability

15. We have acquired skills… starting from challenges!
3. WHY DO WE LOOK LIKE THIS?
We have acquired skills… starting from challenges!
Let’s talk about our process of growth.

16. • Old oil rehabilitation
3. WHY DO WE LOOK LIKE THIS?
1977 / Centenario Field - Argentina
• Old oil rehabilitation

17. 3. WHY DO WE LOOK LIKE THIS? • High pressure gas • Complex logistics
1979 / Ramos Field - Argentina
• High pressure gas
• Complex logistics

18. • Old oil rehabilitation • High water treatment
3. WHY DO WE LOOK LIKE THIS?
1996 / Block 8 - Perú
• Complex logistics
• Old oil rehabilitation
• High water treatment
• Communities relationships
• Environmental sensitivity

19. 3. WHY DO WE LOOK LIKE THIS? • High pressure gas • Complex logistics
1997 / Tacobo - Bolivia
• High pressure gas
• Complex logistics

20. 3. WHY DO WE LOOK LIKE THIS? • Tight gas / fracking
1998 / Centenario Field – Argentina
• Tight gas / fracking

21. • Old oil rehabilitation • Complex logistics • High water treatment
3. WHY DO WE LOOK LIKE THIS?
1999 / Block 1AB - Perú
• Old oil rehabilitation
• Complex logistics
• High water treatment
• Heavy oil

22. • Communities relationships • Environmental sensitivity
3. WHY DO WE LOOK LIKE THIS?
2000 / Camisea Project – Perú
• High pressure gas
• Complex logistics
• Communities relationships
• Environmental sensitivity
Political & media relationships

23. 3. WHY DO WE LOOK LIKE THIS? • High pressure gas • Complex logistics
2002 / Venezuela
• High pressure gas
• Complex logistics

24. 3. WHY DO WE LOOK LIKE THIS? • Heavy oil • Complex logistics
2008 / Colombia
• Heavy oil
• Complex logistics

25. 3. WHY DO WE LOOK LIKE THIS? • Heavy oil • Sand control
2009 / Petroandina
• Heavy oil
• Sand control

26. Communities relationships • Environmental sensitivity
3. WHY DO WE LOOK LIKE THIS?
2009 / Angola
• Complex logistics
Communities relationships
• Environmental sensitivity

27. 3. WHY DO WE LOOK LIKE THIS? • Fracking 2013 / Unconventionals blocks*
* In process

28. 3. WHY DO WE LOOK LIKE THIS?
2013 / Petrodelta *
* In process

29. 4
Our Development Model

30. skills out of challenges
4. OUR DEVELOPMENT MODEL
We acquire new
skills out of challenges
but skills alone are not enough.

31. Uncertainty grows For the Oil & Gas industry sustainability is getting
4. OUR DEVELOPMENT MODEL
For the Oil & Gas industry
sustainability is getting
• Tougher
• More complex
• More competitive
Uncertainty grows

32. We have a development model
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

33. and manage uncertainty
4. OUR DEVELOPMENT MODEL
Skills
Business Model
Vision /
Values
A model
to balance
our decisions
and manage uncertainty

34. 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.

35. 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.

36. IAPG HOUSTON – JUNE 2014
Thank You