Exploration in Asia Building the portfolio and knowledge to deliver value Play master approach in the Nam Con Son Basin Exploiting new plays in Indonesia Strategy for organic growth in Asia December 2011
Premier Oil exploration in Asia Rift Basins The majority of the worlds petroleum resources are found in 3 basin types: Passive Margins: e.g. West Africa / SE Brazil, NW Australia and the Gulf of Mexico Fold-belts / Forelands: Western…
Exploration in SE Asia - Strategy December 2011
Southeast Asias Rift Basins Rift Basin Evolution 1. Early Rift Source Rocks 2. Late Rift Reservoirs, Seals 3. Post-Rift Traps, Maturity The continental Tertiary rift basins of SE Asia (in Yellow) formed and evolved over…
Premier Oil exploration in Asia Rift Basins 1986 B11/27 Premier Oil began exploring Asia in 1986 with the B11/27 concession offshore of S. Thailand. B11/27 was located over the undrilled Songkhla and Nakhon Tertiary rift…
Premier Oil exploration in Asia Rift Basins 1988 M13/M14 S NING R LEA Songkhla-1 With the first well in B11/27 Premier Oil discovered the Songkhla oil field. Encouraged by this success, Premier signed two new rift basin…
Myanmar exploration Yetagun discovery Premiers first Offshore Myanmar seismic survey - 1990 On the new seismic data, on the margin the Tanintharyi Basin, out in the open Gulf of Martaban was a tantalizing December 2011
Myanmar exploration Yetagun discovery 1991 Flat Spot A direct indication of gas in the subsuface . A low risk exploration target in a frontier area December 2011
Premier Oil exploration in Asia Rift Basins 1995 NGS M10 RNI LEA Cambodia IV Halmahera Pangkah Following the Yetagun discovery Premier expanded its Tertiary rift basin holdings into a fourth Myanmar block;…
Premier Oil exploration in Asia Rift Basins 1997 1997 Kakap Natuna A Cumi Cumi In 1996 Premier secured its first operated acreage in Indonesia and in 1997 added the non operated Kakap production asset and the Cumi Cumi…
Indonesia Natuna Sea Block A Natuna Sea Block A, located over the West Natuna Basin contains classic inverted rift grabens. In the 1980s these features were exploited for oil but Premier saw the potential of the Singapore energy market…
Premier Oil exploration in Asia Rift Basins 1997-1998 NW Natuna 1 In 1997 Premier discovered gas in Gajah Puteri-1 and Pelikan-1. In 1998 Ujung Pangkah-1 discovered oil and gas. A fourth W Natuna block, NW Natuna 1, was…
Indonesia Natuna Sea Block A 1996 Gas Resources Natuna Sea Block A Gas No Certified Gas Through a combination of In 1996 Natuna Sea Block A contained exploration and appraisal the stranded Anoa Field gas, Premier Oil has built the…
Premier Oil exploration in Asia Rift Basins 2003 In 2003 Premier sold Myanmar and Pangkah to buy two major shareholders out of Premier. This restructuring freed Premier to grow shareholder value. December 2011
Premier Oil exploration in Asia Rift Basins 104 2004-Present 12W 107/03 NSBA Tuna LEARNINGS Buton learnings from Pakistan; stepping stone into East Indonesia under the frontal fold belt theme Using our Tertiary rift…
Exploration in Asia historic performance Premier Discoveries 1988-2011 (gross mmboe) Starting as a Frontier Explorer in Thailand and Myanmar, Premier built a position in the region. 1400 Premier evolved to a basin-focussed Play Master…
Nam Con Son exploration and future potential December 2011
Nam Con Son Basin exploration portfolio funnel Evaluate Drill Appraise NAM CON Leads Prospects Mature Prospects Appraisal SON Total Unrisked: 240 Total Unrisked: 152 Total Unrisked: 0 Total: 19 QUOTED Total Risked : 68 Total Risked: 38…
Chim Sao North West Chim Sao Near Field Exploration 2012 Resource potential 7 to 12mmbo plus upside subject to appraisal Line 3614 Shallow Anomalies associated With CSNW Far Fault Line 4070 Zoom CSNW Far Chim CSNW NN…
Key prospects in Tuna and Block 07/03 acreage Top Oligocene Structure Map Mackerel CRD NE Cobia Leads Blue Marlin CRD AD Deep Silver Sillago Gajah Laut Utara Belut Laut Singa Laut December 2011
Chim Sao field vs. Silver Sillago SW Chim So NE NW Silver Sillago SE CS-2X Top NCS MMU MMU Dua MDS5 Top Cau Top Cau Top Basement Top Basement Direct access to Bright Lower-Cau Chim So Line SR package…
Chim Sao field vs. Singa Laut SW Chim So NE W Kuda Laut Singa Laut E Kuda Laut Sing Laut CS-2X Top NCS MMU MMU Dua MDS5 T op Cau To pB ase Top Cau me nt Top Basement Chim So Line Direct access to Bright…
Nam Con Son Basin exploration portfolio funnel Evaluate Drill Appraise NAM CON Leads Prospects Mature Prospects Appraisal SON Total Unrisked: 240 Total Unrisked: 152 Total Unrisked: 0 Total: 19 QUOTED Total Risked :68 Total Risked: 38…
Indonesia exploration December 2011
Indonesia exploration 2011 activity summary Andaman II JSA (40%) Tuna PSC (65%) Approved, awaiting award Gajah Laut Utara & Belut Laut (2011) P&A with oil & gas shows West Tuna JSA (100%) Awarded April 29, 2011 Executing study…
Indonesia exploration Natuna PSC Biawak Besar play fairway Pelikan-1 AI-1X Iguana-1 Opportunity for extension of Delta Plain Stratigraphic Trap Play Crevasse Channel Dist Channel Ca5 Crevasse Ca3 Channel Ba12 Fluid…
Indonesia exploration 2012 looking forward Andaman II JSA (40%) Tuna PSC (65%) Execute study Propspect maturation for 2013 drilling West Tuna JSA (100%) Complete study NSBA PSC (41.67%) Matang Q2 2012 Natuna A PSC (28.67%)…
Asia exploration growth for the future December 2011
Exploration in SE Asia remaining potential SE Asia Creaming Curve SE Asia Creaming Curve Cumulative BOE Discovered (Billions of Barrels) 125 years of exploration in Indonesia, Malaysia, 130 Thailand, Brunei, Vietnam, Myanmar and Cambodia…
Exploration in SE Asia recent discoveries Some Significant Discoveries in Last 3 years Discoveries in New Areas Husky PRMB Premier Oil 07-CRD-1X : 100 MMBOE Extensions of existing Areas Liwan 3-1-1 Husky Liwan Play : 4 TCF / 670 MMBOE…
Exploration in SE Asia - Strategy December 2011
Exploration in SE Asia strategy Old Old 1 Play Master The areas we know best The West Natuna core area will reliably deliver ongoing incremental value. Exploration acreage in E Natuna/NCS and N Sumatra contain attractive…
Exploration in SE Asia strategy Old Old 1 Play Master The areas we know best The West Natuna core area will reliably deliver ongoing incremental value. Exploration acreage in E Natuna/NCS and N Sumatra contain attractive…
Exploration in SE Asia strategy Old New Old 1 Play Master Old 3 New Themes & Capabilities The areas we know best Build into new plays and utilize new The West Natuna core area will reliably technologies. deliver ongoing incremental…
Exploration in SE Asia strategy Old New Old 1 Play Master Old 3 New Themes & Capabilities The areas we know best Build into new plays and utilize new The West Natuna core area will reliably technologies. deliver ongoing incremental…
Exploration in SE Asia strategy Play Master : Ongoing exploration in our established core areas, both in existing licences and in future licences nearby. Knowledge Transfer : Use our knowledge gained from successful exploration to…