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Exploration Driving Value Presentation – BG Group

BG Group · Sep 10, 2013 · 46 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. Exploration Driving Value Presentation – BG Group – slide 1
    Exploration: Driving value Malcolm Brown, EVP Exploration September 2013 Deepsea Metro I drill ship, Tanzania
  2. Exploration Driving Value Presentation – BG Group – slide 2
    Exploration strategy Agenda Project review Summary 2
  3. Exploration Driving Value Presentation – BG Group – slide 3
    Introduction Global presence Exploration Existing hubs New basins strategy Leverage our current positions: Leverage exploration commercial skills to gain access: Existing infrastructure Target low cost, early entry Knowledge of…
  4. Exploration Driving Value Presentation – BG Group – slide 4
    Introduction BG Group organic reserve and 3 year reserve replacement** Value creation*** 2002-11 (bn) resource adds* (mmboe) 2500 300% Proven industry 1500 200% leading explorer 500 100% -500 0% 2002 2007 2012 0 10 20 30…
  5. Exploration Driving Value Presentation – BG Group – slide 5
    Introduction Robust Wide geological People screening Levers for expertise & culture process success Fast decision Speed in making; execution of Active portfolio commercial E&A management agility programme 5
  6. Exploration Driving Value Presentation – BG Group – slide 6
    Introduction Carbonates Proven: Brazil, Kazakhstan, Tunisia, India New: Honduras, Kenya Tertiary deltas Wide Proven: Trinidad & Tobago, Egypt, Thailand geological New: Tanzania technical HPHT expertise Proven: UK, Kazakhstan…
  7. Exploration Driving Value Presentation – BG Group – slide 7
    Introduction Differentiation Large company opportunities World-class projects, global scope Small company culture, 300 geoscientists People Networked, flat organisation & culture International graduate programme 20-year track…
  8. Exploration Driving Value Presentation – BG Group – slide 8
    Introduction More than 100 evaluated in 2012 Tectonic Setting Database Stratigraphic Collation Modelling Consistent Well Failure Analysis Gross Depositional Environment Mapping Statistical Analysis and robust Basin…
  9. Exploration Driving Value Presentation – BG Group – slide 9
    Introduction Projects should provide a competitive advantage Early entrant Disciplined approach to Distinctive knowledge new projects LNG opportunity Hub strategy 9
  10. Exploration Driving Value Presentation – BG Group – slide 10
    Introduction Access Explore Execute Entry Bolivia Sanction Australia Strong E&A Huacareta T&T Bowen CSG (Bounty) Lula further development pipeline Brazil Kenya Egypt (Barreirinhas) Oligocene Karachaganak WDDM expansion…
  11. Exploration Driving Value Presentation – BG Group – slide 11
    Introduction Entry Explore Appraise Develop Production Managing the portfolio Early entry Optimisation Bring in strategic partners, & expansion High levels reduce equity. Retain assets of equity & Divest as appropriate with…
  12. Exploration Driving Value Presentation – BG Group – slide 12
    Trinidad & Tobago Distinctive knowledge LNG opportunity BG Group integrated NCMA Hub strategy Ixora Field Poinsettia operations Chaconaia Equity production supplies Trinidad Hibiscus Caribbean Sea LNG exports into BG global…
  13. Exploration Driving Value Presentation – BG Group – slide 13
    Trinidad & Tobago Distinctive knowledge LNG opportunity Three discoveries in Endeavour Hub strategy 3D Seismic Block 5(c) in 2008 & 2009 Victory Coverage Starfish Acquired 3D seismic covering entire greater Greater Dolphin…
  14. Exploration Driving Value Presentation – BG Group – slide 14
    Trinidad & Tobago Dolphin Bounty-1 & Distinctive knowledge Dolphin-1 Deep-1 Endeavour-1 LNG opportunity Hub strategy Multi-strata objectives Not to scale 14
  15. Exploration Driving Value Presentation – BG Group – slide 15
    Trinidad & Tobago Distinctive knowledge 2013 2014 2015 2016 2017 LNG opportunity Hub strategy Seismic acquisition & processing Planned forward Analysis & prospect mapping programme Initial appraisal Exploration drilling…
  16. Exploration Driving Value Presentation – BG Group – slide 16
    North Sea Distinctive knowledge Hub strategy Aiming to replicate Key CNS hubs Armada success in other operated hubs Knarr Geographical focus North Sea Central North Sea hub UK Norway Near existing BG Group equity…
  17. Exploration Driving Value Presentation – BG Group – slide 17
    Egypt Distinctive knowledge LNG opportunity HPHT Notus well in Hub strategy Kala progress WDDM Farmed-out 40% in Q4 2012 Egypt - Notus Early results encouraging Oligocene play; 6 tcf* Oligocene New hub opportunity potential…
  18. Exploration Driving Value Presentation – BG Group – slide 18
    Australia Distinctive knowledge LNG opportunity Bowen Basin CSG Hub strategy Pilot / core hole programme in 2013 Pilot frac-testing in 2014 Australia - Bowen Basin deep gas sands exploration Proven concept programme Four-well…
  19. Exploration Driving Value Presentation – BG Group – slide 19
    Australia Distinctive knowledge 2014 2015 2016 2017 LNG opportunity Hub strategy Seismic acquisition & processing Planned Subsurface analysis forward programme Bowen CSG pilot production testing Bowen CSG appraisal drilling…
  20. Exploration Driving Value Presentation – BG Group – slide 20
    Brazil - Iara Distinctive knowledge BM-S-11 Iara is a giant field - similar oil in place to Lula Iara Iara high-angle Four successful exploration wells and three Iara-1 drill stem tests to date Iara-3 Iara-2 Recent Iara-4 well…
  21. Exploration Driving Value Presentation – BG Group – slide 21
    Brazil - Iara Distinctive knowledge Adding value Iara through high-angle applied technology Leveraged carbonate expertise Seismic reprocessing Drilling, multi-stage acid frac Optimising well locations Field development…
  22. Exploration Driving Value Presentation – BG Group – slide 22
    Tanzania Early entrant Distinctive knowledge Exploration analysis and LNG market Rufiji Delta LNG opportunity system Ngisi insights drove entry Chewa Major acreage position (20 850 sq km) with BLOCK 4 multiple play types…
  23. Exploration Driving Value Presentation – BG Group – slide 23
    Tanzania Early entrant 2010 2011 2012 2013 Distinctive knowledge Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 LNG opportunity Progress Seismic 3D 3D 3D demonstrates Farm-in to Blocks 1, 3 & 4 speed of execution Jodari…
  24. Exploration Driving Value Presentation – BG Group – slide 24
    Tanzania Early entrant Jodari North-1 Jodari-1 Jodari-2 &ST Distinctive knowledge Jodari LNG opportunity North Jodari Jodari - giant field with world-class Gas reservoir GWC Gas Aquifer High quality seismic, completely…
  25. Exploration Driving Value Presentation – BG Group – slide 25
    Tanzania Early entrant 8 km Distinctive knowledge Pweza-2 Pweza-1 Pweza-3 Chewa-1 Ngisi-1, ST-1 & ST-2 LNG opportunity S N Intensive M380 Block 4 appraisal M500 M501 programme M505 Gas Aquifer M510 20 km 25
  26. Exploration Driving Value Presentation – BG Group – slide 26
    Tanzania Early entrant Upper Middle Distinctive knowledge LS3 Lower LS2 LS1 LNG opportunity Mzia-3 Mzia-1 Mzia-2 Mzia - a potential giant 3 Upper sand Middle sand Lower sand US 1 2 GWC Aquifer 4 km 26
  27. Exploration Driving Value Presentation – BG Group – slide 27
    Tanzania Early entrant H2 2013 2014 2015 2016 2017 Distinctive knowledge Additional seismic acquisition, LNG opportunity processing & reprocessing Analysis & prospect mapping Planned forward Potential additional Further…
  28. Exploration Driving Value Presentation – BG Group – slide 28
    Kenya Early entrant Distinctive knowledge Leveraging carbonate experience Longclaw Approval to country entry Hoopoe / in 6 months Kenya - Sunbird Turaco Crombec Cisticiola L10a & L10b 10 400 sq km potentially Chatterer…
  29. Exploration Driving Value Presentation – BG Group – slide 29
    Kenya Early entrant Tembo Trough W E Distinctive knowledge Sunbird Inboard area carbonate Turaco prospects Babbler Carbonate reefs developed over Underlying Tertiary extensive platform. source rocks 29
  30. Exploration Driving Value Presentation – BG Group – slide 30
    Kenya Early entrant 2014 2015 2016 Distinctive knowledge Potential further Seismic acquisition seismic acquisition & processing & processing Planned forward programme Subsurface analysis & prospect mapping Initial drilling…
  31. Exploration Driving Value Presentation – BG Group – slide 31
    Uruguay Early entrant Distinctive knowledge BRAZIL Awarded 3 blocks in 2012 13 000 sq km URUGUAY Atlantic Ocean Highly competitive Uruguay - Successful bidding strategy large frontier Cretaceous fan play oil play 3D seismic…
  32. Exploration Driving Value Presentation – BG Group – slide 32
    Uruguay Early entrant Distinctive knowledge Cretaceous deep water play identified on existing 2D data 3D data will define and Uruguay - prioritise exploration effort multiple BG Groups largest operated leads 3D survey to-date…
  33. Exploration Driving Value Presentation – BG Group – slide 33
    Uruguay Early entrant 2013 2014 2015 2016 2017 Distinctive knowledge Seismic acquisition & processing Planned forward programme Subsurface analysis & prospect mapping Potential initial drilling programme Potential…
  34. Exploration Driving Value Presentation – BG Group – slide 34
    Honduras Early entrant Negotiated large licence (35 000 sq km) in 2012 No drilling for more than 30 years Honduras Patuca Basin Oil and gas shows in older - large Oil seeps wells; some wells flowed frontier Mosquitia High…
  35. Exploration Driving Value Presentation – BG Group – slide 35
    Honduras Early entrant Cross-section across Mosquitia & Patuca basins Plays Eocene carbonates and clastics Oligocene reefs Miocene + Pliocene clastics 35
  36. Exploration Driving Value Presentation – BG Group – slide 36
    Honduras Early entrant Licence Contract BG Groups reputation application awarded Agility & November 2012 April 2013 critical to PSC award reputation Application to contract…
  37. Exploration Driving Value Presentation – BG Group – slide 37
    Honduras Early entrant 2014 2015 2016 2017 Gravity / gradiometry Seismic acquisition & processing acquisition & processing Planned forward programme Subsurface analysis & prospect mapping Potential initial drilling…
  38. Exploration Driving Value Presentation – BG Group – slide 38
    Brazil - Barreirinhas Early entrant Distinctive knowledge 7 000 sq km frontier AP1 position in oil play Brazil 10 operated blocks: 6 at 100%; 4 at 50% Barreirinhas Farm-down / equity-swap Basin AP2 opportunities 3D seismic…
  39. Exploration Driving Value Presentation – BG Group – slide 39
    Brazil - Barreirinhas Early entrant Distinctive knowledge Ghana 90Ma 110Ma Cretaceous fan play analogue Paon 200 mmboe Barreirinhas bid Jubilee Area round area 1 bn boe 39
  40. Exploration Driving Value Presentation – BG Group – slide 40
    Brazil - Barreirinhas Early entrant Distinctive knowledge Significant prospectivity BG Group interpretation 40
  41. Exploration Driving Value Presentation – BG Group – slide 41
    Brazil - Barreirinhas Early entrant Rollover domain Distinctive knowledge BAR-M-252 BAR-M-217 0 0 SW NE Tertiary Sector AP-1 2000 Fan 2000 seismic line Cretaceous Fan Depth (m) 4000 4000 Depth (m) Base Tertiary 6000…
  42. Exploration Driving Value Presentation – BG Group – slide 42
    Brazil - Barreirinhas Early entrant 2014 2015 2016 2017 Distinctive knowledge Seismic acquisition & processing Planned forward programme Subsurface analysis & prospect mapping Potential initial drilling Potential…
  43. Exploration Driving Value Presentation – BG Group – slide 43
    Portfolio overview Delivered 4 new basins in 2 years New basins Resulting in a larger, better-balanced Brazil - Barreirinhas Uruguay portfolio Improved Kenya Honduras Almost 50 000 sq km net new acreage opportunity Existing hubs…
  44. Exploration Driving Value Presentation – BG Group – slide 44
    Portfolio overview Existing hubs Norway New basin entry UK Exploration USA Brazil (Barreirinhas) Egypt 2013-2015 Honduras Trinidad &Tobago Kenya Thailand activity Bolivia Tanzania Australia Brazil Madagascar Uruguay…
  45. Exploration Driving Value Presentation – BG Group – slide 45
    Portfolio overview 2013 2014 2015 Egypt: Notus, Kala Kenya: 2 inboard wells Trinidad: Cachalot and Dolphin Deep wells Exploration Brazil: Iara 4 and high-angle well tests Tanzania: Terrace outboard, up to 2 wells North Sea:…
  46. Exploration Driving Value Presentation – BG Group – slide 46
    Conclusions World-class Consistent Proven track exploration Exploration team strategy record summary Portfolio Success is High-quality management / repeatable opportunity set capital discipline 46

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