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CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd

Oak Point Energy Ltd · Jan 1, 2014 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 1
    Oak Point Energy Ltd. Superior SAGD Development Through Applied Engineering Innovation How Operators Are Optimizing And Reconfiguring SAGD Facility Design To Minimize Costs And Environmental Impact Oak Point Energy California…
  2. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 2
    Presentation Overview 1. Why a New Project Execution Strategy Understanding the Role of Future Heavy Oil Reservoirs Moving on to lower quality reservoirs International Opportunities Current Challenges Facing the Industry Market…
  3. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 3
    The Future Will be Heavy Oil and Bitumen 22
  4. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 4
    Bitumen and Extra Heavy Oil The Majority of World Reserves Heavy Oil Reserves Are the Future Extra heavy oil & bitumen make up over half of the worlds reserves Conventional reserves has been reduced to 30% of the known reserves…
  5. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 5
    Recoverable In Situ Resource New Technology Critical to Improve Economics Large Contiguous deposits Exploitable Opportunity resource resource if using new technology design trend Smaller scale continues Lower cost Shorter…
  6. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 6
    Commodity Pricing Should Support Growth Yet Producers Seem Hesitant Today 2007 2000 (01/10/14) WTI Price (/bbl) 92.72 72.34 30.38 Brent Price (/bbl) 107.25 72.44 28.66 WCS Price (/bbl) 74.11 49.62 Nat. Gas Price (/mscf) 4.05…
  7. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 7
    Overcoming Existing Oil Sands Challenges 66
  8. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 8
    Major Challenges to Overcome Change is essential to make oil sands competitive MARKET ACCESS Delayed pipeline approvals High delivery costs Discourage foreign PROJECT PERFORMANCE investment Reservoir performance Facility…
  9. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 9
    Growing Negative Public Sentiment Demand responsible oil sands development 88
  10. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 10
    The High Cost Challenge Factors Contributing to High Costs SAGD Project Development Decision Cycle: When oil price is up, all companies are incented to expanded at the same time, but the rate of growth is largely dependent on the…
  11. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 11
    The Project Performance Challenge Factors Contributing to Project Performance Flexibility to Adapt to Reservoir Performance: Cost and time to pilot test a reservoir prior to commercial development Facility capacity not matched to the…
  12. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 12
    SAGD surface facilities have a history of generally poor performance and reliability PROJECT PERFORMANCE AND RELIABILITY 120.0% Reliability Median: 75 % 100.0% 80.0% 60.0% 40.0% Performance Median: 60 % 20.0% Project…
  13. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 13
    The Market Access Challenge Factors Contributing to Restricted Market Access Benefits beyond Alberta borders Lower cost feedstock to new refining markets Increase economic benefits to regions impacted by pipeline right-of-ways…
  14. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 14
    Improved Facility Design 13 13
  15. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 15
    Innovative Proprietary SAGD Facility Design Design Principles to Reduce Cost, Schedule and Risk 1. Portability: Portable SAGD facility that can be assembled or dismantled in 30 days. This single feature addresses many of the industry…
  16. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 16
    Oak Points Approach Portable SAGD Surface Facilities Portability (Assemble or Dismantle in 30 Days) Maximizes use of modularization and minimize inefficient site work Accesses service providers beyond Alberta borders Uses existing…
  17. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 17
    Steam Generation Technology Selection Determined by Boiler Feedwater Treating Technology Design Parameter Traditional Design Oak Point Design Boiler Type Once-Through-Steam-Generator Package Boiler (Water Tube) Boiler Feed Water…
  18. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 18
    1st Generation Evaporator Design Oil Accumulation & pH Control Hardness although evaporators have been equipped with on-line acid wash systems, they are not necessary as thermal produced water has a low Vapor Compressor hardness…
  19. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 19
    Next Generation Evaporator Design Portable and Reliable Evaporator Design Oak Points proprietary evaporator was designed specifically for oil sands service: Control system designed to robustly and automatically control oil and silica…
  20. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 20
    Much Simpler and More Effective Design Compared to Traditional SAGD Facilities Produced Gas Dilbit Natl Gas Diluent Addition Produced Boiler Feed Primary Steam Water Water Separation Generation Treatment Treatment Steam…
  21. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 21
    The Solution: Standardized Portable SAGD Facilities UltraLite 1nSite MultiSite Capacity 1,260 bbl/day 7,200 bbl/day 21,600 bbl/day 1-2 well pairs 8-12 well pairs 2-4 well pads Application Pilot Small assets Large, contiguous…
  22. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 22
    Low Environmental Impact Solution Substantially Better Than Conventional Oil 1. Land…
  23. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 23
    Enabling a New Project Execution Strategy 22 22
  24. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 24
    Equipment Fabrication Focus vs. Large Scale Capital Project Execution Engineering Engineer once build multiple units Standard engineering packages for each configuration proceed directly to fabrication Custom engineering where…
  25. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 25
    Mass Production Techniques Proven in a Number of Industries 24 24
  26. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 26
    1nSite Facility Fabrication Shift Work to Efficient Manufactuing Jurisdictions Sub-Assembly Component Fabrication Multiple fabrication shops located in established manufacturing centres to construct shippable sized equipment, piping…
  27. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 27
    Facility and Reservoir Capacity Capacity to Provide 25+ Year Project Life Cycle Production vs Reservoir Capacity Conventional Approach 100 Reservoir Capacity Production 80 Facility Capacity Capacity 60 40 20 0 0 5…
  28. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 28
    Facility and Reservoir Capacity Align for the Full Life Cycle Production vs Reservoir Capacity Oak Point Approach Reservoir Capacity Facility Capacity 100 80 Opportunity to sustain capacity by redeploying Capacity 60…
  29. CALIFORNIA WATER MANAGEMENT 2014 CONGRESS – Oak Point Energy Ltd – slide 29
    Innovative Design and Execution Strategy Improve Global Competitiveness and Acceptance 1. Improved Returns to Resource Developers (Incentive to invest) Cost reduction Shorter cycle times to cash flow 2. Improved Royalties and Taxes…

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