2011 CAPP Oil & Gas Investment Symposium June 13-15
Forward Looking Statements This presentation may contain forward-looking statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance. These statements include, among others, statements…
Corporate Strategy Impact plays Financial strength High netbacks Low finding costs
Active Exploration Blocks 40 35 7 Countries 30 36 Blocks Indonesia 25 26 Operated Indonesia Trinidad of blocks 20 Kurdistan Madagascar Trinidad 15 Pakistan Bangladesh Kurdistan 10 Pakistan Madagascar India Pakistan…
Block D6 East Coast India 1.9 million acres Oil Development 10% working interest with opportunity to Gas Development increase to 13% Current production 1.7 bcf/day and 17,000 bbls/day liquids
D6 Future Development AK3 Oil Development 20 additional exploration Gas Development successes to develop Additional exploration prospects AR1 AW1 Potential for gas price BD1 increase BJ1 BJ2 BA1-A
NEC 25 BAY OF BENGAL 2.4 million acres 10% working interest 15 exploration 3D SEISMIC successes Many additional exploration prospects Niko has the AJ10 AJ9 opportunity to AJ11 increase its interest to AJ12 13% 0 10 20…
D4 Block 4.2 million acres 15% working interest with opportunity to increase to 19.5% 4400 km. of 2D and 3500 sq. km. of 3D seismic completed 3 well drilling program to commence 2011
Average Production MMCFE 350 300 250 200 D6, Proforma 3% D6, 10% 150 All Other, India/Block 9 100 50 - F2009 F2010 F2011 F2012
D6 Proforma--Sensitivities MM USD/Year Field Volume increase from 1.75 bcf/d to 2.10 bcf/d (50 mmscm/d to 60 mmscm/d) * 60 Field Volume increase from 1.75 bcf/d to 2.80 bcf/d (50 mmscm/d to 80 mmscm/d) * 180 Price increase of…
Bangladesh CHATTAK Current gross production BLOCK 9 120 mmcf/d DHAKA FENI KOLKATA BAY OF BENGAL
Pakistan Blocks Over 2.4 million acres on 4 blocks 100% working interest 2000 sq. km. 3D seismic complete One of the worlds largest submarine fan systems Drilling 2012
Grand Prix Block - Madagascar 4.2 million acres 75% working interest Multi beam, sea bed coring and 3200 sq. km. 3D seismic complete Drilling 2012
Qara Dagh Block - Kurdistan 209,000 acres Operator with 37% interest Prospective recoverable resource of up to .5 billion Iraq Oil and Gas Fields bbls Oil KNOC Gas Westernzagros Oil and Gas
Trinidad 2.5 million NCMA 2 extremely prospective NCMA 3 acres Adjacent to infrastructure Block 2(ab) 2.5 trillion cubic feet already Block 4(b) discovered in M/G 5(c) Block Block 5(c) Guayaguayare
Rowan Gorilla III
Guayaguayare Oil Seep
Deep Water Indonesia Indonesia has significant unexplored deep water acreage 23 billion barrels and 70 TCF produced to date Excellent fiscal terms on frontier acreage Utilized multi-beam and Nikos SeaSeep technology to select…
Indonesian vs Gulf of Mexico One 5,000 km2 Indonesian Block = 200 GOM Blocks Allows us to capture the entire trend Gulf of Mexico 25 km2 Gulf of Mexico Block 5,000 km2 Block Indonesian PSC
Indonesian Portfolio 16 Blocks within or adjacent to proven hydrocarbon basins Independent prospective resource on first three blocks exceeds 12.1 billion boe Exxon, Marathon, Repsol and Statoil have farmed into 8 blocks First 20…
Indonesian Blocks S ou t h C h i n a S e a 110E 120E 130E LEGEND NIKO Operation Blocks Other Active PSC's Na t u n a Se a Cel e b es S e a PACI F I C OC EAN Ha lma h e ra North North Se a Makassar Makassar Strait…
Makassar Strait Portfolio 117E 120E 123E 0 10 20 40 60 80 Kilometers North Makassar Strait 0 0 ExxonMobil Eni SE Ganal-1 Marathon ConocoPhillips Statoil South Matindok West Talisman Sageri Bone Bay…
East Papua Portfolio 129E 132E 135E 0 10 20 40 60 80 Kilometers 0 0 Kofiau Cendrawasih Bay II Halmahera- Kofiau Salawati Oil Field Cendrawasih Bay III Tangguh Gas Field Cendrawasih 17 TCF East Bula Murphy…
300,000 km Multi-beam Program
Conclusion 30high impact exploration wells by the end of 2012
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