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QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited

Oil Search Limited · Feb 27, 2003 · 19 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. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 1
    Project Update PNG Pipeline to Australia QUEENSLAND POWER & GAS CONFERENCE O I L S E A R C H L I M I T E D February 2003
  2. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 2
    PNG Pipeline Project Developers completed market review post AGLs decision not to take PNG Gas as a foundation customer. Sufficient market potential exists to underwrite Project development in Northern Australia, Queensland and Southern…
  3. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 3
    PNG Pipeline Project Committed Conditional Agreements TXU Southern States CS Energy South Queensland MIM Northern Territory Other Major Potential Customers Alcan, PAWA Northern Territory Mt Isa Energex,Comalco, QAL, Incitec, etc.…
  4. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 4
    PNG Pipeline Project Total Volume Committed 60-75PJ/year Total Volume Required for FEED 100-150PJ/year Dependent on customer quality and commitment FEED threshold clearly within reach
  5. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 5
    PNG Pipeline Project Progress in past 12 months: Upstream Agreements/PNG Legislation in place Workable Upstream Partner Agreements in place Credible financing plan for State participation Conditional Sales Agreements in place…
  6. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 6
    PNG Pipeline Project AGL decision a set back prior to major decision on FEED Project working to year end timetable for FEED Decision based on timing of delivery and certainty Conundrum Project certainty requires commitment
  7. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 7
    PNG Pipeline Project Impact of AGL Decision Required Developers to review market size and distribution NT and Queensland markets now operating in restricted supply environment Major engineering work now completed in preparation…
  8. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 8
    PNG Pipeline Project Impact of AGL Decision PNG gas penetration of southern customers limited in 2007-2010 timeframe Clearly results in higher gas prices for southern consumers and less competition Trade-off of price vs timing and…
  9. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 9
    Eastern Australia* (ex NT) supply/demand without PNG Gas Total Demand and Supply by Field CSM Moranbah 1600 Sunrise CSM Moura 1400 CSM Dawson CSM Fairview Denison 1200 Gilmore Bass 1000 Otway Off-Shore Potential Demand…
  10. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 10
    Eastern Australia* (including NT) supply/demand without PNG Gas Total Demand and Supply by Field CSM Moranbah 1600 Sunrise CSM Moura 1400 CSM Dawson CSM Fairview Potential Demand Denison 1200 Gilmore Bass 1000 Otway…
  11. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 11
    PNG Pipeline Project Pre-FEED Engineering Highlighted viability and do-ability of development programme, with lower cost and greater flexibility Preferred option to build gas processing plant onshore, with a number of sites being…
  12. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 12
    PNG Pipeline Project Pre-FEED Engineering Involves simple development of Hides contemporaneous with Kutubu Kutubu, Moran, Gobe and Hides producing over 400 mmscfd, with proven production record and reserve backing Involves NGL…
  13. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 13
    PNG Pipeline Project Pre-FEED Engineering and Commercial Analysis Provided comprehensive review of pipeline routes and cost structure Can only be finalised by market definition Confident on process and viability
  14. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 14
    PNG Gas Pipeline Options Darwin Gove Weipa Darwin Gove McArthur Gove Townsville Darwin Weipa River Weipa Mt Isa Amadeus Basin Gladstone McArthur McArthur River Townsville River Townsville Mt Isa Ballera Mt Isa Moomba…
  15. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 15
    PNG Pipeline Project Present Focus Pre-FEED engineering work largely completed documentation underway Intense marketing efforts to secure required customers for FEED Customers in Queensland, Northern Territory & Southern States
  16. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 16
    PNG Pipeline Project An Oil Search Perspective Totally committed to fully test viability of Project Clearly the best option for PNG, for industry development underscoring economic growth Clearly the best option for Australia…
  17. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 17
    PNG Pipeline Project An Oil Search Perspective Reviewing all options to commercialise large gas volume A number of complementary options identified Clear commercial pressure to move forward to develop resource ASAP
  18. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 18
    PNG Pipeline Project Summary FEED engineering and programme ready to go Pipeline and transportation are all manageable issues. Require confirmation with market distribution (Same for all potential suppliers) Developers are ready…
  19. QUEENSLAND POWER AND GAS CONFERENCE – Oil Search Limited – slide 19
    PNG Pipeline Project Summary Intense marketing effort taking place Clearly last option for Australian customers to introduce real long term competition for gas supply in this time frame Positive impact on pricing and development…

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