OIL SEARCH LIMITED 1 Strategies for Growth Optimise performance of existing producing PNG oil fields Support ExxonMobil in delivering PNG LNG Project on schedule Aggregate gas resources in PNG Highlands to underpin LNG…
Changing Face of Oil Search Delivery of PNG LNG Trains 1 & 2 approaches: Project over 80% complete Increasing confidence in delivering on schedule and within revised budget Start of substantial long term (20 years+) cash flow stream…
PNG LNG Project Angore Hides Juha Juha Facility Moran 6S Hides Gas Conditioning Plant Komo Airfield Agogo Kutubu Gobe Main 7S Onshore pipeline and Infrastructure Oil Pipeline 8S Kumul Terminal PNG LNG Gas…
PNG LNG Plant Site LNG Facility PNG LNG plant site, March 2013 Engineering and procurement substantially complete. Preparations underway to ready plant for receipt of commissioning gas 9 PNG LNG Plant Site LNG…
PNG LNG Plant Site Storage tanks LNG Facility 11 PNG LNG Offshore Pipeline Offshore Pipeline Offshore pipelay SEMAC I Offshore pipelay SEMAC I Offshore pipeline completed in 2012 12
PNG LNG Onshore Pipeline Highlands section pipeline Onshore Pipeline Pipeline burial Onshore pipeline welding 258km of onshore pipeline welded at end March 2013, with 197km of pipeline hydrotested 13 Associated…
PNG LNG Project - Upstream HGCP Hides Gas Conditioning Plant (HGCP) Mar 2013 Dec 2012 Mar 2013 Completed HGCP foundations and erection of structural steel substantially complete 15 PNG LNG Project - Upstream Komo…
PNG LNG Project - Drilling PDL 1/7 Hides Field 8 New Production Wells Hides GTE Plant Drilling 2012+ Hides Nogoli Camp PDL 8 Angore Field 2 New Wells Hides Gas Conditioning Plant 10km Komo Airstrip PNG LNG development…
Gas Growth - PNG Highlands PPL260 PNG LNG Project Comprehensive exploration PRL3 Hides Gas NonResources PNG LNG and appraisal in PNG Juha North Gas Resources Highlands, to fully understand Wabag 260 Pnyang Juha PDL9…
Gas Growth - Gulf of Papua Exploration programme for gas to 100km support possible new LNG hub recently Elk/Antelope commenced: 2D Seismic 2011 Lines Development options include standalone LNG, floating LNG or integration…
PNG Production and Near Field Opportunities Juha PPL260 PRL PDL9 02 North Hides PNG producing fields are PDL1 PRL 11 Angore highly profitable and Juha PDL 7 PDL8 PRL 11 PPL277 generate strong cash flows 6S PDL6 PDL5 PDL7…
Production Outlook (ex-PNG LNG) Expect 2013 production to be Net Production (mmboe) Forecast Hides GTE similar to 2012. Guidance range 9 8.12 SE Mananda SE Gobe of 6.2 6.7 mmboe 8 7.66 Gobe Main Moran 6.69 Kutubu Active…
MENA Exploration Existing Middle East/North Africa licences focused on oil exploration opportunities that have material potential Long term strategy is to leverage existing strong relationships and skill base (expertise in…
Strong Financial Position Strong balance sheet, able to fund remaining equity share of PNG LNG Project as well as active exploration and development programme: US439 million in cash at end March 2013. Cash invested and actively managed…
Production Outlook including possible Mananda development Net Production (mmboe) 30 PNG LNG (T1+T2) Mananda 25 Base oil production Hides GTE SE Mananda 20 SE Gobe Gobe Main Moran Kutubu 15 10 8.12 7.66 6.69 6.38 6.2-6.7…