Development and Opportunities across Vietnam and the Nam Con Son Basin 22 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…
Vietnam at a glance Capital Hanoi (Largest city Ho Chi Minh City) Official language - Vietnamese Government Socialist republic, Single-party communist state President Nguyn Minh Trit Prime Minister Nguyn Tn Dng Area: 331,690 km2…
Premier Oil in Vietnam J F M A M J J A S O N D Farmed in to Established Awarded Acquired 2D 2004 VAMEX Office in 75% Blocks data in 07/03 option HCMC 12E & 12W 07/03 Acquired 2005 Dua 3D Santos Drilled Dua Block 12 Drilled Dua…
Organisation - POVO management team Phil Phil MacLaurin MacLaurin Country Country Manager Manager Peter Peter Henderson Henderson Alexis Alexis Van Van Lennep Lennep Development Development Manager Manager Exploration…
HSES 2009 PVN HSE Award for Chim Sao Project 2008 PVN HSE Award for Drilling & Logistics June 2010 Page 8
Exploration June 2010 Page 9
Block 104-109/05 Song Hong Basin Block Block 104-109/05 104-109/05 1 UK Quad Larger Larger than than 11 UK UK Quad Quad in in the the North North Sea Sea June 2010 Page 10
Natuna Sea Block A to Nam Con Son Block 12W Nam Con Son Basin / East Natuna Sea 12W Dua Discovery Chim Sao Development 07/03 s rnininggs n Tuna ar LLeea Natuna Sea Block A June 2010 Page 11
Dua & Chim Sao to Block 07 Extending a new play Dua Dua Development Development Chim Chim Sao Sao Development Development C C Rng Rng Discovery Discovery June 2010 Page 12
Indonesia Tuna PSC - Gajah Laut Utara 1 W Gajah Laut Utara E PTD 4250m MD (3550m TVD) Top Arang Depth C.I.=100 metres 2500m PRIMARY TARGET PTD SECONDARY TARGET 2 Km June 2010 Page 13
Indonesia Tuna PSC - Belut Laut 1 NE Belut Laut SW PTD 4300m MD (3870m TVD) Top Arang Depth C.I.=100 metres PRIMARY TARGET 2500m PRIMARY TARGET PTD SECONDARY TARGET 2 Km June 2010 Page 14
Block 07/03 Further exploration potential June 2010 Page 15
Development June 2010 Page 16
Chim Sao Revised scope / lower cost ORIGINAL POVO BLOCK 12W FIELD LAYOUT PROPOSED CHIM SAO WHP FIELD LAYOUT June 2010 Page 17
Project on schedule 2009 2010 2011 2012 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M A Jacket Fabrication & Installation Topsides Fabrication & Installation…
Jacket completion, load out and installation June 2010 Page 19
Jacket in transit June 2010 Page 20
Jacket being installed by Castoro-8 June 2010 Page 21
Jacket installation complete 9 days ahead of schedule June 2010 Page 22
Topsides complete, ready for load-out June 2010 Page 23
FPSO on schedule for mid-2011 first oil production June 2010 Page 24
Reservoir detailed planning June 2010 Page 25
Dua potential addition to Block 12W development June 2010 Page 26
Drilling June 2010 Page 27
Two year drilling program contracted to Ensco June 2010 Page 28