1St Place Certificate Ministry of Petroleum QHSE 2008 Key Achievement  Awarded by kom12047

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									Ministry of Petroleum
        QHSE 2008 Key Achievement


 Awarded international 1st place, Division I, safety
award from American Gas Processors Association (GPA).



 Acquired ISO 14001/2004 Certificate.



 UGDC is on the lead front to implement Integrated
Management System (IMS) and acquire ISO 9001, ISO
14001 and OHSAS 18001 for the entire company activities.
     Community Support Achievements


 Inaugurated   a     burn treatment unit at P/S
                    new
  governmental      hospital with a total contribution
  of 2 million Egyptian pounds as a community donation.




 - Contributed 4 million Egyptian pounds for Al Azhar
  University Hospital at Damietta to renovate the
  Emergency dept, pediatric dept in addition to providing an
  ambulance.
2009-2011 Community Support Plan




 A- 2009 Second Phase Damietta Hospital



 B–2009 Port Said Fever Hospital



 C- 2010 Damietta Hospital



 D-2011 Port Said Governmental Hospital
              2008 Key Achievements

 Achieved, 2008, the highest yearly revenue since the Plant start-up
  in 2005

 Achieved the highest Monthly revenue since the Plant start-up in
  2005 with 67.4 MM $ in July, 08

 Commissioning and operation of the new loading arm in Mar,08

 Achieved, since start Operations, 1.2 MM ton of propane, 0.9 MM
  ton LPG and 5.7 MMBBls of condensate production

 Completed Oct-08 shut down with 6 days ahead of schedule

       - Early completion generated $ 8.6 million

       -    Installation, commissioning and operation of the New Pre
           Treatment unit

       - Installation, commissioning and operation of the New
         Cold box E-02
Total Derivatives Sales Quantity

                2008 Vs 2007 (k ton)




                            980
                                                     793
     848




     2007                2008 Actual            2008 Budget



      59 % of Total Production is consumed locally
Propane Sales Quantity

           2008 Vs 2007 (k ton)




                                         414


    373




    2007                                 2008



    40 k ton increase of Propane Sales
LPG Sales Quantity
    2008 Vs 2007 (k ton)




                                     334
  282




  2007                               2008



   50 k tons increase in LPG Sales
        Condensate Sales Quantity
                2008 Vs 2007 (k ton)


 kton
250
                                                     231

200           194


150


100


 50

             2007                                    2008
  0


             338 KBBL increase in Condensate Sales
                France
                41 k ton                 1st Jan-31st Dec 2008
                10%                      Propane Export
                             Italy
Portugal
                             361 k Ton
12 k ton
                             87%
3%




•   Propane Exported : 414 Kton ; 307 MM$
•   Number of Vessels : 42
•   Versus 42 vessels and 222 MM$ for the same period in 2007
UGDC 4 years Projects plan (2008–2011 )


                                           Est. Total
          Projects             Status       CAPEX       2008              2009              2010       2011
                                             MM$
De bottlenecking & Flare                                  Select     Define      Execute
                             In Progress     17.5
Mod. Project

                                                                       Select     Define
Ethane Project               In Progress      120                                            Execute




Plants modification for C3                   EPP               Execute ( Phase (1) PS
                             In Progress
Supply to EPP                               Budget             Phase (2) DA Feb.,10


New administration building
                            FEED 2009         6.2                       Select     Define    Execute
at Port Said

Residue gas compressor         Review
                                                                         Appraise
3rd train                    Economics
      Historical Total Revenue MM US$
                        Total March 05 Dec. 08 :
                       MM $ 1,407 eq. MM LE 7,753
      MM U.S.$

700
                                                           608
600

500
                                             436
400

300
                              228
200
                 135
100

  0
             2005            2006           2007          2008

                  UGDC Operations started on March 2005
             Commutative Revenue is 363% of Paid Capital
                 Historical Net Profit MM $
                       Total March 05 Dec. 08 :
                      MM $ 959 eq. MM LE 5,285
      MM U.S.$


700

600

500                                                       414

400                                           326

300

200
                               146
100              73

  0          2005             2006           2007         2008

                  UGDC Operations started on March 2005
          Net Profit After Tax (Year 2008) increased by 27%
   Financial Performance For Year 2008

                                                                     Millions


                                                       Equivalent
            Description                    MM$
                                                         MMLE


           Total Revenue                   608            3,350


             Net Profit                    414            2,281



Shareholders Distributions* (rounded)      391            2,184

                                                           $ 1.00 = LE 5.51


                Period Total Revenue LE 3.4 Billion
 Accrued Payable Corporate Tax for May 08 : Dec. 08    MM LE 253
        Plus: Accrued Deferred Tax Liability   LE 90 Million
Proposed Shareholders Dividends Distribution
           Period: October – December 2008
                                                  Millions $


       Shareholder Name

              GASCO                          12


                BP                           12



                ENI                          12


         TOTAL (rounded)                     36

								
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