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Investor Open House Southeast Asia Operations – Talisman Energy Inc.

Talisman Energy Inc. · May 10, 2012 · 17 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. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 1
    INVESTOR OPEN HOUSE SOUTHEAST ASIA OPERATIONS MAY 2012 INVESTOR OPEN HOUSE SOUTHEAST ASIA OPERATIONS MAY 2012
  2. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 2
    Lost time injury frequency (LTIF) Per million exposure hours SOUTHEAST ASIA ? DELIVERING ON STRATEGIC OBJECTIVES 120 80 40 0 2008 2011 Production mboe/d 9%pa ? Strategy on track ? Top quartile in safety performance ? 1Q 2012…
  3. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 3
    5 0 10 15 2005 2011 2015 2020 0 200 400 600 800 Singapore Indonesia Malaysia Vietnam SOUTHEAST ASIA ? CONTINUES TO BE A GREAT PLACE TO INVEST Southeast Asia GDP 2011 vs. 2020 $ billion Southeast Asia gas supply demand…
  4. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 4
    5 0 10 15 20 Singapore Indonesia Malaysia Vietnam DOMESTIC GAS PRICES SET TO INCREASE ? Increasing domestic gas prices ? Legacy of cheap local supplies and subsidies is unsustainable ? Securing energy supply is vital to continue…
  5. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 5
    RENEGOTIATED INDONESIAN FIXED GAS CONTRACTS Talisman Jambi Merang 2010 $6.00 $5.73 $5.40 Pertamina Pagar Dewa 2012 Conoco Natuna B. 2012 Pertamina ONWJ 2011 Renegotiated contract price Original contract price Recently…
  6. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 6
    HIGH NETBACK PORTFOLIO ? Southeast Asia represents ~ 1/3 of Talisman global gas production in 2011 ? 1Q 2012 gas value continues to rise ? 1Q 2012 realized gas price of $9.85/mcf ? 1Q 2012 gas netback of $5.82/mcf ? Liquids…
  7. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 7
    SOUTHEAST ASIA PORTFOLIO ? SECURE BASE WITH FUTURE GROWTH *December 2011 exit rate, Corridor normalized for unitization impact ** 2011 netback Australia/Timor Leste Kitan First oil in October 2011 10 mboe/d* $64/boe netback**…
  8. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 8
    CORRIDOR ? MAJOR CASH GENERATOR Cash flow ($ million) 251 337 449 361 330 5.91 10.06 303 336 4.00 7.58 227 307 3.61 Gas price ($/mcf) 6.41 Netback ($/mcf) Production* (mmcfe/d) Free cash flow ($ million) Production…
  9. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 9
    NORTHERN FIELDS COMPLEX Gas Export to Malaysia SOUTHERN FIELDS Block 46 COMPLEX Cai Nuoc Malaysia Vietnam Gas Export to Vietnam FSO FSO PM-3 CAA TLM block Oil field Gas field PM-3 CAA PM-3 CAA Southern Fields Complex…
  10. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 10
    VIETNAM HST/HSD ? ON TRACK FOR FIRST OIL IN 2013 Payback 2014 Production (mboe/d) 10 First oil 2H 2013 Sanctioned December 2011 2P reserves (mmboe) 26 HSD HSD HST HST TGT Existing TGT Existing Gas to Bach Ho Field FPSO FPSO…
  11. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 11
    KINABALU ? COMPELLING NEW ADDITION TO THE PORTFOLIO Payback 2016 Assumed operatorship December 2012 Production (mboe/d) 10-20 Estimate Estimate Production Cumulative free cash flow* mboe/d $ million 5 0 10 15 20 0 30 60 90…
  12. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 12
    PNG ? RESOURCE AGGREGATION STRATEGY ON TRACK WITH EARLY LIQUIDS POTENTIAL Evaluate and execute gas Planning 6 monetization option Evaluate and high-grade In progress 2 position 1 3 4 5 Execute early liquids project In progress ?…
  13. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 13
    8 6 4 2 0 10 12 MC farm-in block TLM block TLM block to be relinquished 2012 well ? Strategic partnership agreed with Mitsubishi ? $280 million deal ? Farmed-in for an average 20% across 9 blocks* ? Largely funds the resource…
  14. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 14
    SOUTHEAST ASIA ? MULTIPLE INVESTMENT OPPORTUNITIES Activity (2012-2016) Exploration and appraisal ? PNG ? Nam Con Son ? Sabah Development and maintenance capital ? Corridor additional gas ? Jambi Merang ? PM-3 CAA IOR ? PM-3…
  15. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 15
    579 Total gross project EUR (mmboe) Total gross cost 4,690 ($ million) 31 Time to first production* (months) STRONG PROJECT EXECUTION ? DELIVERING LIQUIDS FOCUSED GROWTH 112 211 17 Total gross project EUR (mmboe) Total…
  16. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 16
    PRODUCTION GROWTH AND FREE CASH FLOW GENERATION Sources and uses of cash $ million 0 250 500 750 1,000 1,250 Development capex Exploration and appraisal capex Cash flow** 2008 2009 2012 2010 2011 Production* mboe/d 0 50…
  17. Investor Open House Southeast Asia Operations – Talisman Energy Inc. – slide 17
    SOUTHEAST ASIA ? DELIVERING EXCEPTIONAL RESULTS IN A DYNAMIC ENVIRONMENT ? Dynamic Southeast Asia environment ? Vibrant economies ? Strong energy demand growth supporting premium pricing ? Stable and attractive fiscal regimes ?…

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