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OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc.

Talisman Energy Inc. · Oct 10, 2013 · 34 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. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 1
    ASIA-PACIFIC OVERVIEW OCTOBER 2013
  2. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 2
    TALISMAN OVERVIEW Asia-Pacific Growing free cash flow, near-term exploration potential 600 million free cash flow in 2012 Algeria Pertamina relationship Ongoing rationalization within Asia-Pacific Americas Resource plays…
  3. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 3
    TWO CORE REGIONS: AMERICAS AND ASIA-PACIFIC 85% of unrisked 90% of 85% of 2P 90% of 95% of contingent prospective production reserves COGEH 2P value resource resource 2012 2P reserves 2012 COGEH 2012 contingent 2012 unrisked…
  4. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 4
    2013 PRIORITIES TO DRIVE VALUE CREATION Live within our means Set capital spending budgets that can be funded by operating cash flows Less reliance on asset sales to fund capital program in future years Maintain strong balance…
  5. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 5
    ASIA: ONE PILLAR OF OUR TWO CORE AREA MODEL Talisman has a strong, competitive advantage in each of its two core regions Valuable set of assets and infrastructure, key relationships, great people and a proven track record of…
  6. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 6
    OUR FOUR PRIORITIES TO CREATE VALUE At work in Asia-Pacific Living within our means Delivering year-on-year growth in production (8% p.a. from 2008) Generated cash flow of 1.2B and free cash flow of more than 600M in 2012 Cash flow…
  7. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 7
    TALISMANS HISTORY IN ASIA-PACIFIC Asia-Pacific part of Talismans history Some of the major events that shaped our business Corridor PM-3 CAA 150 18% Talisman Kitan compound Jambi Merang annual growth 120 2006 Suban Phase 2…
  8. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 8
    ASIA-PACIFIC BALANCED PORTFOLIO DELIVERING NEAR-TERM VALUE AND SUSTAINABLE GROWTH Capital summary 2012 2013 HST/HSD ( million) PM3 CAA and Malay Basin on production Blocks 45 and 46/07 Development 362 505 Red Emperor and Nam Con Son…
  9. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 9
    ASIA-PACIFIC GROWING PRODUCTION AND CASH FLOW Steady production growth Sources and uses of cash mboe/d million Liquid 200 2,000 Oil-linked gas Cash flow Fixed price gas Exploration capex Development capex 8% p.a 150 1,500…
  10. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 10
    RAPIDLY GROWING ASIAN ECONOMIES DRIVING INCREASED ENERGY DEMAND Southeast Asia GDP 2012 vs. 2020 Southeast Asia gas supply demand balance* billion bcf/d 800 Confirmed domestic supply 2012 6% p.a. 15 Demand 2020 Supply demand gap…
  11. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 11
    SIGNIFICANT NEW LNG IS NEEDED TO MEET THE ASIA SUPPLY CHALLENGE Asia-Pacific LNG demand and supply Sustained growth in both traditional and bcf/d new markets underpins LNG demand 50 LNG Demand growth of 5% p.a. to 2025 Committed LNG…
  12. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 12
    NEW LNG SUPPLY COSTS OFFER SIGNIFICANT HEADROOM FOR DOMESTIC GAS PRICES IN ASIA LNG break-even costs (gas price to generate a 12% project IRR) /mmbtu-real terms 2013 20 Long-term LNG contract price equivalent from 80-120/bbl Brent…
  13. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 13
    PROJECT COST INFLATION A GROWING CHALLENGE LNG Project Unit Costs (Liquefaction Only Nominal) Per unit cost average doubles /tonne those of the previous decade 2,700 Australia Pluto 2,600 Projects taking approximately 2,500…
  14. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 14
    KEY ASSETS UNDERPINNING ASIA-PACIFIC BUSINESS 2013 Cash Flow 2013 Production Profile ( Millions) (mboepd) Corridor & South Sumatra Corridor & South Sumatra PM3 & Malay Basin PM3 & Malay Basin Vietnam - HST/HSD Vietnam - HST/HSD…
  15. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 15
    INDONESIA KEY OPERATIONS AND ACTIVITIES TLM block Indonesia Highlights Oil field Growing Indonesian gas market drives Gas field robust economics ANDAMAN III Development Exploration Corridor and South Sumatra JAMBI MERANG (JM)…
  16. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 16
    SOUTH SUMATRA PREMIUM MARKETS, MATERIAL FREE CASH FLOW GENERATION TLM block Core focus Oil field Jambi Merang Well-established relationships with NOC and Gas field government, generating new opportunities Material long-term cash…
  17. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 17
    CORRIDOR WORLD CLASS ASSET Gas sales COPI gas pipeline Production outlook(1) pipeline 3rd party pipeline to Chevron Duri Gas sales mmcfe/d pipeline to Singapore 500 Base Development Sumpal plant 2012: 155 mmcf/d* Gelam plant 400…
  18. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 18
    CORRIDOR LONG LIFE, PREMIUM PRICES, OPERATIONAL EXCELLENCE Premium natural gas pricing: 55% of gas production is realizing liquids- linked pricing Average 10.65 / mscf (2Q 2013) Ongoing gas sales agreement price re- negotiation…
  19. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 19
    JAMBI MERANG TLM block Other block Oil pipeline Gas pipeline Prospect Palau Gading gas plant, Jambi Merang JOB Phase 1 Principle customers are Chevron (at 10/mmbtu) and Jabung PSC PLN (at 5.4/mmbtu) 2D & 3D seismic…
  20. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 20
    TANGGUH LNG TLM block Offshore gas production feeding liquefaction Muturi block plant, Talisman holds 3.1% equity interest Muturi Area 5 LNG plant Berau A On stream in 2009 with 325 cargoes delivered Wiriagar by 2Q 2013 Muturi Area…
  21. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 21
    MALAYSIA KEY OPERATIONS AND ACTIVITIES TLM block Malaysia Highlights MALAY BASIN Oil field Exploration Gas field Malay Basin (PM-3 CAA, VN Enhance core production area through step-out Development 46/2 & 7, VN 45) Exploration…
  22. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 22
    PM-3 CAA AND MALAY BASIN OPERATIONS EXCELLENCE WITH EXCITING UPSIDE Core focus Long life production and cash flow Remove 51 and PM 325 and PM 302 Gaining recognition as an operator of choice through technical TLM block excellence…
  23. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 23
    PM-3 CAA HIGH QUALITY OPERATING BUSINESS TLM block Block 46-02 Oil field Production outlook mboe/d Gas field 50 Base Development Vietnam 40 30 FSO Block 46 Southern Northern Cai Nuoc Fields 20 Fields PM-3 CAA Complex…
  24. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 24
    MALAYSIA/VIETNAM PM-3 CAA FACTS AND FIGURES PM3 is Talismans largest operated asset worldwide Current gross production 100,000 boe/d (60% gas, 40% oil) A complex of 12 fields produced through 11 installations and 2 FSOs 300…
  25. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 25
    KINABALU AND SABAH BASIN TLM block Core focus Oil field Gas field Material acreage position in a prolific and proven SSGP pipeline hydrocarbon province anchored by the Kinabalu Proposed plant PSC Accessing low-cost discovered oil…
  26. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 26
    KINABALU IMMEDIATE PRODUCTION, SIGNIFICANT GROWTH Production outlook mboe/d 30 20 10 0 2013 2014 2015 2016 Kinabalu platform Sources and uses of cash million 300 Progressive PSC terms granted for Cash flow 250…
  27. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 27
    SABAH EXPLORATION Exploration program underway TLM block Grafit-1 first exploration well in SB310 gas Oil field discovery with development potential as part of Gas field gas aggregation strategy Gas pipeline Similar geological…
  28. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 28
    VIETNAM KEY OPERATIONS AND ACTIVITIES TLM block Vietnam 2013 Activities (Vietnam) TLM block (Malaysia) Block 15-2/01 HST/HSD Oil field On production ahead of schedule and Gas field under budget Development Exploration Nam Con…
  29. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 29
    HST/HSD ON STREAM AHEAD OF SCHEDULE AND UNDER BUDGET HST/HSD production* quick ramp up after early first oil TLM block mboe/d Multiphase HSD production 15 Gas lift Water injection 12 Gas export Oil field 9 HST 6 FPSO 3…
  30. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 30
    RED EMPEROR AND THE NAM CON SON TLM block Block 135 & Block 136/03 Oil field Significant near field inventory of low risk prospects Gas field Pipeline Two well program in 2014, complementing Block 07/03 activity Oil discovery 133…
  31. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 31
    PNG CAPITALISING ON PROLIFIC RESOURCE POTENTIAL IN A LOW F&D COST ENVIRONMENT TLM block Core area focus Discoveries Dominant position in prolific hydrocarbon basin Proposed with up to 20 tcf undiscovered petroleum initially…
  32. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 32
    PNG LIQUIDS AND LOCAL GAS SALES YIELDING EARLY CASH AND MATERIAL VALUE Resources early liquids and local gas sales Resources gas aggregation to LNG mmboe, gross (TLM average working interest 42%) tcf, gross (TLM average working interest…
  33. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 33
    ASIA-PACIFIC GROWING PRODUCTION AND CASH FLOW Steady production growth* Sources and uses of cash* mboe/d million Liquid 200 2,000 Oil-linked gas Cash flow Fixed price gas Exploration capex Development capex 8% p.a 150 1,500…
  34. OCTOBER 2013 CORPORATE PRESENTATION – Talisman Energy Inc. – slide 34
    OUR FOUR PRIORITIES TO CREATE VALUE At work in Asia-Pacific Living within our means Delivering year-on-year growth in production (8% p.a. from 2008) Generated cash flow of 1.2B and free cash flow of more than 600M in 2012 Cash flow…

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