Skip to main content CLAS INVESTORS FORUM – Oil Search Limited Investor Presentation | Shale Experts
Loading...
Pm

CLAS INVESTORS FORUM – Oil Search Limited

Oil Search Limited · Sep 14, 2010 · 47 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. CLAS INVESTORS FORUM – Oil Search Limited – slide 1
    OIL SEARCH LIMITED CLSA Investors Forum Hong Kong September 2010 1
  2. CLAS INVESTORS FORUM – Oil Search Limited – slide 2
    Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Operates all of PNGs producing oil and gas fields. Current gross production 40,000 boepd, net share 21,000 boepd Proven reserves base of 344 mmboe, proven and probable of…
  3. CLAS INVESTORS FORUM – Oil Search Limited – slide 3
    Oil Search Locations Tunis Sulaymaniyah Tunisia Iraq Dubai Sanaa Yemen Papua New Guinea Kutubu Ridge Camp Port Moresby (Head Office) Australia Brisbane Sydney 3
  4. CLAS INVESTORS FORUM – Oil Search Limited – slide 4
    Oil Search Locations - PNG Pnyang Madang LEGEND Proposed Hides Conditioning Plant Oil Field Proposed Juha Wabag Facility Juha Hides Gas Field Huria Mt. Hagan Prospect Moran 6S Kundiawa Lead Goroka Mendi Agogo Oil Pipeline…
  5. CLAS INVESTORS FORUM – Oil Search Limited – slide 5
    Oil Search Locations Middle East/North Africa (MENA) Tunis Office Dubai Office 5
  6. CLAS INVESTORS FORUM – Oil Search Limited – slide 6
    PNG LNG Project Update 6
  7. CLAS INVESTORS FORUM – Oil Search Limited – slide 7
    PNG LNG Fields PDL9 PDL1 PDL8 JUHA HIDES Power Plant PDL7 Nogoli Hides Camp Proposed Juha Facility ANGORE PDL7 Proposed Hides Conditioning PDL8 Plant PDL6 PDL5 MORAN PDL2 AGOGO APF Ridge Camp KUTUBU…
  8. CLAS INVESTORS FORUM – Oil Search Limited – slide 8
    PNG LNG Project Overview 6.6 MTPA, 2 train development, operated by ExxonMobil Fully contracted to quality Asian customers, with continuing strong market interest: Sinopec (China) 2.0 MTPA TEPCO (Japan) 1.8 MTPA Osaka Gas (Japan) 1.5…
  9. CLAS INVESTORS FORUM – Oil Search Limited – slide 9
    PNG LNG Project Overview Initial Equities: ExxonMobil 33.2% Oil Search 29.0% Kroton2 (PNG Government) 16.8% Santos 13.5% Nippon Oil 4.7% MRDC (PNG Landowners) 2.8% 9
  10. CLAS INVESTORS FORUM – Oil Search Limited – slide 10
    PNG LNG Project Overview Construction underway, major ramp up in activity levels following Financial Close in March 2010 First LNG sales targeted for 2014 Estimated investment for initial phase unchanged at US15 billion (ex. shipping &…
  11. CLAS INVESTORS FORUM – Oil Search Limited – slide 11
    PNG LNG Project Construction Activities Planned/Underway 11
  12. CLAS INVESTORS FORUM – Oil Search Limited – slide 12
    2010 PNG LNG Project Activities Work to date has focused on: Opening supply routes (north, south, air bridge) Building/improving roads, bridges, camps, site preparation and training facilities Ordering long lead items and placing…
  13. CLAS INVESTORS FORUM – Oil Search Limited – slide 13
    PNG LNG Logistics 13
  14. CLAS INVESTORS FORUM – Oil Search Limited – slide 14
    Highlands Highway Bridge construction 14
  15. CLAS INVESTORS FORUM – Oil Search Limited – slide 15
    PNG LNG Plant site 15
  16. CLAS INVESTORS FORUM – Oil Search Limited – slide 16
    PNG LNG Project Kopi Wharf 16
  17. CLAS INVESTORS FORUM – Oil Search Limited – slide 17
    PNG LNG Project Training Centre, Port Moresby 17
  18. CLAS INVESTORS FORUM – Oil Search Limited – slide 18
    PNG LNG Project Graduates 18
  19. CLAS INVESTORS FORUM – Oil Search Limited – slide 19
    Proposed LNG Plant Layout Future Expansion 19
  20. CLAS INVESTORS FORUM – Oil Search Limited – slide 20
    Proposed Hides Gas Conditioning Plant and Well Pads 20
  21. CLAS INVESTORS FORUM – Oil Search Limited – slide 21
    Mananda-5 Growth Opportunities 21
  22. CLAS INVESTORS FORUM – Oil Search Limited – slide 22
    PNG Gas Growth Key strategic priority for Oil Search is to grow gas business in PNG, with LNG the optimum commercialisation route PNG LNG will provide infrastructure and capacity to facilitate expansion and provide excellent cost…
  23. CLAS INVESTORS FORUM – Oil Search Limited – slide 23
    PNG Gas Growth Two core development strategies: Train 3 Development PNG LNG Expansion Brown fields development leveraging synergies Underwritten by PNG LNG fields resource base Train 4 Development Utilising discovered gas resource…
  24. CLAS INVESTORS FORUM – Oil Search Limited – slide 24
    Sources and Timing of Gas Resource Maturation Resources required to underpin LNG expansion being considered at present: Studies underway Likely to be less than T1/2 threshold volumes Potential sources of gas PNG LNG dedicated fields…
  25. CLAS INVESTORS FORUM – Oil Search Limited – slide 25
    Requirements for LNG train growth in PNG PNG LNG Project PPL260 Pnyang tcf Gas Resources 25 Juha North PRL03 Hides Non PNG LNG Gas Forelands Juha Angore & PRL02 PDL1 PRL11 Resources Offshore Huria Resources2 Hides Deep…
  26. CLAS INVESTORS FORUM – Oil Search Limited – slide 26
    PNG LNG Dedicated Fields Potential upside possible in all PNG LNG fields Near term focus on: Associated Gas Fields (Kutubu/Moran/Gobe/Agogo) Recent wells and additional production history indicate increased gas resource.…
  27. CLAS INVESTORS FORUM – Oil Search Limited – slide 27
    Onshore Exploration and Appraisal Huria (PRL 11/PDL 8) ExxonMobil (Op) & Oil Search Seismic recently completed over Huria prospect and Angore Currently being interpreted Targeting drilling decision by year end with potential drilling…
  28. CLAS INVESTORS FORUM – Oil Search Limited – slide 28
    Offshore Strategy Optimisation of licence holdings 8S taking place Proven gas bearing area (Pandora, Uramu & Pasca) 4,700km2 3D seismic acquisition to identify and de- risk prospects. First phase complete, second phase complete…
  29. CLAS INVESTORS FORUM – Oil Search Limited – slide 29
    PNG CSG Exploration CSG effort run as small low cost team Three firm wells 4 commencing September Low cost wells, high risk, 1 potentially large prize Preliminary results by end 2010 2 3 6 5 30km 29
  30. CLAS INVESTORS FORUM – Oil Search Limited – slide 30
    PNG Oil Exploration PPL233 APPL350 Mananda Attic MANANDA ATTIC PDL6 PDL5 PPL233 APPL PPL 219 WI % 349 Moran SE Mananda 219 Oil Search 71.25 PPL219 APF JX Nippon Oil & Gas 28.75 Agogo PPL219 Moro Kutubu Ridge Camp Near…
  31. CLAS INVESTORS FORUM – Oil Search Limited – slide 31
    MENA Exploration Tajerouine + Le Kef K42 & Shakal Tunis Office - Currently shooting 600km 2D - Recently completed 200km of - 2 commitment wells by 2Q 2012 2D in K42 - Currently shooting 50km of 2D in Shakal Dubai Office…
  32. CLAS INVESTORS FORUM – Oil Search Limited – slide 32
    Production 32
  33. CLAS INVESTORS FORUM – Oil Search Limited – slide 33
    Production Summary Oil Search Net Production (mmboe) 6.0 MENA Hides GTE 5.0 SE Mananda SE Gobe 4.0 Gobe Main Moran Kutubu 3.0 2.0 1.0 0 1H 07 2H 07 1H 08 2H 08 1H 09 2H 09 1H 10 33
  34. CLAS INVESTORS FORUM – Oil Search Limited – slide 34
    1H10 Performance Excellent safety performance Strong production performance 3.95 mmboe (3.81 mmboe in 1H09) Kutubu and Agogo Production enhanced by 1,500 bopd from ADT2 ST3 well Sustained contribution from new development wells…
  35. CLAS INVESTORS FORUM – Oil Search Limited – slide 35
    Operational Outlook Following PNG LNG sanction, facilities life (and oil field life) will be extended. Particular focus on oil export system which will also be used for PNG LNG Project condensate storage and export Strong near field…
  36. CLAS INVESTORS FORUM – Oil Search Limited – slide 36
    2010/11 Development & Near- Field Appraisal Drilling Activity PPL260 PRL02 Hides PPL239 PDL1 PRL11 Juha Angore PRL 12 Moran: PRL12 PDL6 PDL5 2010 : 1 well PPL233 2011: 1 well PPL219 Kutubu: SE Mananda 2011: 1 well…
  37. CLAS INVESTORS FORUM – Oil Search Limited – slide 37
    FY10 Production Outlook 2H10 production expected to be impacted by: ADT2 ST3 off line for further testing of deep zones Potential reduced offtake at Hides GTE due to water shortage at Porgera mine site Natural decline Production…
  38. CLAS INVESTORS FORUM – Oil Search Limited – slide 38
    Production Outlook Despite maturity, recent development drilling success expected to reduce oil production decline curve prior to first LNG. High value barrels PNG LNG adds 18 mmboe pa to OSH at plateau in 2015 onwards. 30 year…
  39. CLAS INVESTORS FORUM – Oil Search Limited – slide 39
    Strategic Review 39
  40. CLAS INVESTORS FORUM – Oil Search Limited – slide 40
    Strategic Review Major strategic review underway to optimise growth path and prepare for substantial production and revenue growth. Dedicated review team in place Focus areas : PNG oil and gas operations interface PNG LNG delivery Gas…
  41. CLAS INVESTORS FORUM – Oil Search Limited – slide 41
    Summary PNG LNG T1/2 construction progressing steadily, timing and budget estimates unchanged. Project is in good hands With PNG LNG underway, new OSH strategic objective is LNG expansion: De-risking/appraisal of existing gas…
  42. CLAS INVESTORS FORUM – Oil Search Limited – slide 42
    OIL SEARCH LIMITED 42
  43. CLAS INVESTORS FORUM – Oil Search Limited – slide 43
    PDL 1, PDL 7 and PDL 8 Hides & Angore PDL 1 ExxonMobil 36.81% Oil Search 16.66% Santos 24.03% PDL 1 Hides Field PNG Govt 20.50% 8 New Wells Gas Resources Gigira Ltd.(L/O) 2.00% Drilling 2011+ PDL 7 GTE PL 1 Hides GTE Plant…
  44. CLAS INVESTORS FORUM – Oil Search Limited – slide 44
    PDL 9 - Juha JUHA NORTH PDL 9 Juha Field 4 New Wells PL 7 - Juha Pipelines 55km Gas & Liquids Construction 2021+ 10km PDL 9 ExxonMobil 43.39% Juha Facility Oil Search PNG Govt 24.42% 20.50% 1,133 kSm3/hr Nippon Oil…
  45. CLAS INVESTORS FORUM – Oil Search Limited – slide 45
    PDL 5 & 6 Moran PDL5 ExxonMobil 36.81% Oil Search 40.69% PL 4 HGCP to LNG Eda Oil (PNG Govt) Petroleum Resources Moran (L/O) 20.50% 2.00% Plant 690km Gas Pipeline PDL6 Construction 2011-13 ExxonMobil 18.36% Oil Search 71.07% Nippon…
  46. CLAS INVESTORS FORUM – Oil Search Limited – slide 46
    PDL 2 Kutubu Field Complex (Iagifu, Hedinia, Usano, Agogo) Moro Airstrip & Camp Kutubu Facility Additional Gas Treatment & 2km Agogo Oil Field pipeline Construction 2011/12 Kutubu Oil Field PL 4 HGCP to LNG PL 2 Plant…
  47. CLAS INVESTORS FORUM – Oil Search Limited – slide 47
    PDL 4 Gobe Gobe Facility Additional Gas Treatment & 10km Pipeline (PL 8) Construction 2011/12 PL 3 Gobe Export Pipeline Gobe Airstrip & Camp PL 4 HGCP to LNG Plant 690km Gas Pipeline PDL4 ExxonMobil 14.52%…

From the store

Browse maps, data & reports in the Shale Experts store