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LATINVE&P 2012LATINVE&P 2012

Steve CrowellSteve Crowell

CEO, PLUSPETROLCEO, PLUSPETROL

Latin America and the Caribbean

Investment Opportunities

in Oil and Gas Exploration and Production

Colombia, 2012

CONTENTCONTENT

1. Who is PLUSPETROL?

2. Our Business Model

3. Conclusion

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Who is Pluspetrol?

WHO IS PLUSPETROL?WHO IS PLUSPETROL?

PLUSPETROL is a private independent E&P

company highly involved

in developing countries

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WHO IS PLUSPETROL?WHO IS PLUSPETROL?

*operated / 2011

Argentina One of the largest oil and gas producers (42 Mbbl/d and

292 MMcf/d respectively*).

Peru. The largest oil & condensate producer (80 Mbbl/d

condensate from Camisea + 32 Mbbl/d Oil from PPN*).

The Operator responsible for the successful development and

completion of the Camisea upstream project (second semester 2012

production 1.660 Bcf/d. Gas proved Reserves: 10.32 Tcf).

Bolivia. 2 producing licenses (630 oil bbl/d + 95 MMcf/d of gas ) /

Exploration projects.

Angola. Oil development Project. The first ONSHORE oil discovery in 35

years.

Colombia, Venezuela, Chile. Active Explorer

WHO IS PLUSPETROL?WHO IS PLUSPETROL?

We operate on behalf of

different partners, on

different continents

They trust in our expertise

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WHO IS PLUSPETROL?WHO IS PLUSPETROL?

We embrace this challenge

We have a provenbusiness model

Our proven business model

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OUR BUSINESS MODELOUR BUSINESS MODEL

Drivers / Focus

-Reinvestment for asset growth

-Long term view

-Commitment to sustainability

DRIVERSDRIVERS FOCUSFOCUS

We create opportunities

OUR BUSINESS MODELOUR BUSINESS MODEL

More than words

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OUR BUSINESS MODELOUR BUSINESS MODEL

We are investing in people, technology, exploration

Camisea Project

Production 1.660 Bcf/d.

Gas proved Reserves 10.32 Tcf

Full exploration planHigh pressure gas experts

MMUSD

1,1251,125

2000-2011

w.i%

OUR BUSINESS MODELOUR BUSINESS MODEL

We are operating in extremely sensitive conditions

Camisea Project

Biodiversity Monitoring Program CommunitiesConsulting meeting

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OUR BUSINESS MODELOUR BUSINESS MODEL

Camisea Project – for Peru

We are committed to the country

-Formed the initial gas industry for

Peru which required a regulatory

framework.

-Changed hydrocarbon sector from an industry in decline to a major

contributor to economic growth in Peru.

-Changed the balance of trade for hydrocarbons in Peru, reducing its

dependence on imports.

Conclusion

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CONCLUSIONCONCLUSION

For us, success in developing countries means more than just

seeking opportunities for Pluspetrol

It means creating opportunities

CONCLUSIONCONCLUSION

For us, success in developing countries means more than

simply accepting project challenges

It means committing

to development

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CONCLUSIONCONCLUSION

For us, success in developing countries means more than

merely tolerating diversity

It means building relationships

based on continuous dialogue

CONCLUSIONCONCLUSION

For us, success in developing countries means

true collaboration,

unwavering commitment

and a confident vision of growth

For building

a long term business

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A COMPANYWITH ENERGY THAT

PRODUCES ENERGY

LATINVE&P 2012LATINVE&P 2012

Thank you

Colombia, 2012