Economics and Financing of Integrated Gulf LNG Project Collin Visaggio Chief Financial Officer September 2012
Papua New Guinea Poised to Join the Ranks of Asian LNG Suppliers Page 3
LNG Project Agreement Fundamental Principles 1. World Class Project The size and scope of the Gulf LNG Project is of international scale and quality. InterOil plans to apply best industry practices with commensurate resources. 2.…
The Resource: 2011 Third Party Resource Estimate of Elk Antelope. Underpins a Large LNG Development Gross Contingent Resource Estimate for Gas and Condensate as of December 31, 2011 As at December 31, 2010 Case An evaluation of…
Integrated Gulf LNG Development Map Development Map Upstream Gas Project Petroleum Development Licence Elk and Antelope Fields PDL Elk Antelope Elk Antelope fields, - 8.59 tcf Recoverable Sales Gas, and 129 MMbbls Condensate (2C…
LNG Project Capital Expenditure Comparison Project Schedule Expected Capital Plant Plant Expend (USD Production Type Cost Per Mtpa billions) (Mtpa) (USD millions) Ichthys 2016 34.0 8.4 Phased 4,047 Pluto 2012 15.2 4.3 Phased…
Integrated Gulf LNG Project Commercial Map Dry Gas Pipeline Joint LNG Revenue - 14.35 MMBTU 100/bbl oil price Government owns Venture Condensate Revenue - 22.5% through entire 95 bbl 100/bbl oil price value chain Facility Owners…
InterOil Gulf LNG Project Modelling Cases Plant Capacity - Case Timing Existing Plan Train 1: 2016 Initial condensate stripping plants and Expected associated facilities (900 MMscf/d) Production Total 4 Mtpa LNG Capacity 4 Mtpa…
Breakdown of the States Revenue - Expected Case At 100/bbl oil price government cash flow of K172bn (USD85bn) Page 12
InterOil Gulf LNG Project Modelling Assumptions Assumptions Oil Price 100/bbl Recoverable Raw Gas 9.54 tcf Condensate 5/bbl Marketable Condensate 128.9 MMbbls (Discount to Brent) 14.35/Mmbtu LNG Prices and Slope (based on LNG slope…
Upstream Project Capital and Operating Expenditure Export Condensate Condensate LNG LNG Land Terminal Fields Stripping TOTAL Pipeline Pipeline Based & Facilities Common Train 1 Expected Production [4 Mtpa Land Based LNG] CAPEX…
Offtake Agreements in Place for Train 1 MTPA Years of Supply HOA signed Noble Group 1.0 10 Jul 2011 EWC Philippines 0.3 10 Apr 2011 Gunvor 1.0 15 Nov 2011 ENN 1.5 15 Dec 2011 TOTAL 3.8 Train 1 Page 15
InterOils 1 Priority is Achieving Integrated Gulf LNG FID InterOil is moving ahead towards PNG Government approval of the fully integrated LNG project Development plan and integrated timetable presented to the PNG government…
Project Update and Future Milestones InterOil is moving ahead to reach FID CSP facilities re-engineered for increased production volumes are nearing completion Pipelines for natural gas and condensate have been designed to handle…
National Benefits and Content Production to average K13 billion per annum (GDP 40% higher than National Budget forecast for 2011) Exports to increase by K12 billion per annum (80% increase on National Budget forecast for 2011)…
Project Site in The Gulf Project agreement provides an alternative site to Napa Napa Bluff location is within area described as alternative sites in the 2009 Project Agreement Advantages to the location in Gulf No need for a USD…
InterOil Engages Advisors on Sale of Interest in Resource and Exploration InterOil has retained Morgan Stanley & Co (LLC), Macquarie Capital (USA) Inc. and UBS AG as joint financial advisors to assist InterOil in the selection of an…
Conclusion First LNG by 2016 On track for LNG FID to meet 2009 LNG Project Agreement, with first train of 4 MTPA of LNG in 2016 followed by additional train of 4 MTPA in 2018 . Future expansion to 12 MTPA. FID Ready: Ready to go to…
Way Forward APPROVAL FOR PROJECT AGREEMENT FID AND GULF LOCATION CONCLUDE LNG EQUITY PARTNER SELL DOWN OBTAIN LAND TITLE AT BLUFF GULF PROVINCE TO START EARLY WORK Portion 334 C Portion 335 C OBTAIN MAIN PERMITS PDL…
Loading...
