Premiers gas exports powering Singapores growth The story to date and opportunities for the future 23 June 2010
Forward looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning future events and are subject to known and unknown…
West Natuna location map June 2010 Page 2
West Natuna planned production facilities June 2010 Page 3
Introduction West Natuna Premier Position We acquired an operator interest in West Natuna Block A PSC in 1996 and an interest in the Kakap PSC in 1997 which has led to our current net 14.3% overall share of the 1999 gas contract with…
Oil prices track HSFO Brent vs HFSO (1 July 08 - 30 Sep 09) 900 800 700 600 HSFO /mt 500 400 300 200 Our gas is in essence 100 a Brent linked fuel 0 0 20 40 60 80 100 120 140 160 Brent /bbl June 2010 Page 5
The West Natuna Gas group WNG PSCs supply gas in market shares: Block A (Premier) 37%; Block B (ConocoPhillips) 43%; Kakap (Star Energy) 20%. Block A has strong export capacity and we have already captured 200 million of extra revenue…
West Natuna gas demand to date Our gas supply enabled Singapore to switch from liquid fuels to more efficient cleaner gas fired power generation; our gas is 15%* cheaper than the fuel mix used previously for electricity generation in…
West Natuna future gas demand Singapore Gas demand by the main generators will increase as a result of Singapores economic growth (12% Q1 2010) and from population growth planned by the Government shown in the following charts. New…
Singapore population growth Singapore population growth (2000 to 2020) 7.00 Actual 6.00 Projection 5.00 4.00 Millions 3.00 2.00 1.00 0.00 2000 2005 2010 2015 2020 Source: SingStat June 2010 Page 9
Singapore GDP growth Singapore GDP growth (2000 to 2020) 10.0 8.0 6.0 4.0 2.0 Percent 0.0 -2.0 -4.0 Actual -6.0 Lower Range Higher Range -8.0 -10.0 2000 2005 2010 2015 2020 Source: MTI and Economic Strategies…
Singapore power demand Yearly electricity consumption by use 80,000 Domestic Manufacturing 70,000 Other industries Forecast (WoodMac) 60,000 50,000 40,000 30,000 20,000 10,000 0 2030 2005 2010 2000…
Singapore gas demand by sector Singapore gas demand breakdown (2000-2030) 1800 On-grid power Captive power 1600 Non-power (direct sales to industry) Non-power (steam sales from Cogen) 1400 Non-power (residential and commercial)…
West Natuna future gas demand Indonesia domestic gas Government policy Government policy is to prioritise domestic supply where possible. Very little domestic demand is within easy connection reach of our gas. Domestic pricing has…
West Natuna other competition LNG Singapore will commission its first LNG re-gas terminal during 2013* SLNG capacity will be 3 mtpa, roughly equal to 420 BBtud. The main driver is to ensure energy diversification and the target…
Singapore gas balance Singapore gas demand supply balance (2000-2030) 1800 Contracted and committed DCQ LNG uncontracted 1600 Natuna Sea Block A uncontracted Natuna Sea YTF 1400 South Sumatra uncontracted South Sumatra YTF 1200…
Development plans to meet future gas demand GSA1 Our first field, Anoa, is a prolific producer and we continue to add to our ultimate field reserves estimates. Three new fields Pelikan, Bison and Gajah Puteri will be developed for…
Natuna Block A sales gas reserves (1.5 TCF) 6. Iguana 2016 Beruang Lembu Petang Macan Tutul 5. Naga 2014 Iguana Naga Gajah Baru Bison Gajah Puteri Pelikan Anoa 2. WL drilling 2011 1. Gajah Baru 2011 3. Anoa Phase 4…
Natuna Block A gas sales forecast Natuna Block A gas sales forecast Potential Gajah Puteri 500 across nearby Kakap Exploration potential Extra available 450 Iguana export capacity Naga Possible additional Gajah Baru 400 Bison…
Natuna Block A infrastructure investment Natuna Block A gas sales forecast 10 1.5 billion capital investment over 8 years 100 Pipelines (km) / No. of producing wells 9 90 No. of platforms 8 No. of producing wells 80 Extra…
Conclusion In 1996 Premier forecast that Singapore gas demand would grow strongly after 2001. There is now every indication of continued expansion at a steady rate about 6% annually according to independent analysts Wood Mackenzie,…
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