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Investor Open House Southeast Asia – Talisman Energy Inc.

Talisman Energy Inc. · May 10, 2011 · 27 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 – Talisman Energy Inc. – slide 1
    Investor Open House, May 2011 Southeast Asia Operations Talisman Energy
  2. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 2
    Southeast Asia ? positioned for continued profitable growth Ex Growth 5-10% sustainable growth 1 Base Free cash flow to invest 3 Exploration Southeast Asia ? Talisman focus area Renewal of the firm 2 Southeast Asia ? ~8% growth…
  3. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 3
    ? Growth strategy in Southeast Asia is on track ? Four-fold increase in footprint ? 10% production growth in 2010 with significant free cash flow generation ? Medium-term ~8% p.a. growth through existing developments ? Quality…
  4. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 4
    Total recordable injury frequency (TRIF) and lost time injury frequency (LTIF) Per million man hours Southeast Asia ? health, safety and environment Number of spills (>0.5 bbl) and unintentional hydrocarbon releases (UHR) 4 3 2 1 0…
  5. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 5
    0 15 30 45 60 75 90 Demand 2000 2005 2010 2015 2020 0 15 30 45 60 75 90 2000 2005 2010 2015 2020 Asia Pacific gas demand by sector bcf/d Growing gas demand continues to support premium pricing Asia Pacific gas supply…
  6. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 6
    9 6 3 0 12 15 +10% 2005 2010 Talisman advantage in Southeast Asia Southeast Asia oil-linked production 0 250 500 750 0 20 40 60 80 100 2008 2009 2010 2011 2015 TLM Southeast Asia production linked to oil mmcf/d…
  7. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 7
    Near-term growth projects Australia Indonesia Malaysia Vietnam Papua New Guinea Timor Leste 0 500 1,000 1,500 Km Jambi Merang Jambi Merang PM-3 CAA IOR PM-3 CAA IOR HST/HSD HST/HSD OK OK Corridor Corridor Kitan Kitan…
  8. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 8
    0 2008 2009 2010 2011 2012 2013 2014 2015 200 100 Near-term projects underpin production growth 729 593 559 CAPEX ($ million) 731 644 769 Cash flow ($ million) Southeast Asia production mboe/d Base Development ~8% Key…
  9. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 9
    Indonesia South Sumatra core area ? Strategic core area ? 2P reserves of 369 mmboe ? Infrastructure in place ? Gas price underpinned by demand ? Demonstrated execution Gas to Java Gas to Gas to Singapore Duri South Sumatra…
  10. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 10
    1Q 2011 price realization and netbacks $/mcf Corridor ? a major cash generator for Southeast Asia ? Largest gas producing property in Talisman?s portfolio ? 1 bcf/d (gross) sales gas ? 4.3 tcfe (gross) committed to gas contracts ?…
  11. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 11
    0 20 40 2011 2012 2013 2014 2015 Corridor ? continuing to grow Sumpal plant expansion ? Increase capacity to 310 mmcf/d (gross) raw dry gas Letang Tengah Rawa Optimization (LTRO) ? Rawa station modification ? Additional 45…
  12. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 12
    Jambi Merang ? a high quality acquisition ? Strategically located next to key infrastructure ? 2P reserves of 28 mmboe at cost of $8.15/boe ? Fast track development ? Leveraging premium domestic market ? Potential for significant…
  13. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 13
    Jambi Merang ? first production delivered in 15 months ? Results exceeding pre-drill expectations ? Ahead of schedule and on budget ? Targeting plant expansion ? 7.4 million hours in 2010 without LTI ? Strong execution…
  14. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 14
    Malaysia ? proven project execution Total gross project EUR 310 (mmboe) Total gross cost ($ million) 2,700 First production 2003 Sanction date 2000 PM-3 CAA ? Southern fields Total gross project EUR 40 (mmboe) Total gross cost ($…
  15. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 15
    0 10 20 30 40 50 20092008 20112010 2015 PM-3 CAA ? stable production base with near-term growth ? Stable and reliable production base ? Substantial cash flow ? Further organic growth through incremental oil recovery projects…
  16. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 16
    PM-3 CAA ? incremental oil recovery projects 8 6 4 2 0 2011 2012 2013 2014 2015 IOR (Phases 1 & 2a) production mboe/d IOR Phase 1 IOR Phase 2a IOR Phase 2a (Kekwa) IOR Phase 2a (Kekwa) IOR Phase 2b (Raya) IOR Phase 2b…
  17. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 17
    Vietnam Block 15-2 HST/HSD development Peak production (boe/d) 10,000 ? 15,000 IRR >30% at $75/bbl Current plan First oil 2013 Sanction 2011 year-end 2P reserves (mmboe) 24 Hai Su Trang (HST) ? Underpins development in Block…
  18. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 18
    PNG Nam Con Son Basin Nam Con Son Basin Makassar Straits Makassar Straits Papua New Guinea Papua New Guinea Sabah Sabah Australia Indonesia Malaysia Vietnam North Sumatra JPDA Arun LNG East Indonesia Bontang LNG Tangguh…
  19. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 19
    120 100 80 60 40 20 0 Expanding exploration footprint in the region ? Four-fold increase in footprint ? Substantial exploration position provides potential long-term growth ? Vietnam ? Nam Con Son Basin ? Indonesia ? Makassar…
  20. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 20
    0 50 100 150 200 250 2008 2011 2015 2020 Exploration supports longer-term production growth Near-term projects ? Corridor additional gas sales ? Jambi Merang ? PM-3 CAA IOR ? PM-3 CAA infill drilling ? HST/HSD ? Kitan…
  21. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 21
    Nam Con Son basin delivers gas into growing power market ? Power demand growth (8.4% p.a outpacing GDP (6.5% p.a.) ? Nam Con Son Pipeline 2 approve doubling capacity from Nam Con basin 0.0 0.5 1.0 1.5 2.0 2010 2015 Southeast…
  22. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 22
    PNG ? well positioned for significant resource capture ? Estimated 15-20 tcf (gross) unrisked prospective resource ? Access to 14 licenses covering >9 million net acres ? Aggregate 2-4 tcf (gross) ? Positioned to lead PNG foreland…
  23. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 23
    PNG ? early success at Stanley ? Early condensate recovery scheme in Stanley ? Early monetization ? Sanction end of 2011 ? 450 bcf gas and 10 mmbbls condensate contingent resources ? Drill 8-10 wells in 2011 ? Strategic…
  24. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 24
    PNG ? potential to deliver competitively priced gas Feed gas cost comparisons $/mmbtu Source: CERA 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Darwin AP LNG Ichthys Expansion PNG LNG Queensland Curtis Donggi- Browse Wheatstone Pluto…
  25. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 25
    Southeast Asia capital Activity (2011-2015) Exploration ? PNG ? Makassar Straits ? Nam Con Son ? Sabah Development ? Corridor additional gas ? Jambi Merang ? PM-3 CAA IOR ? PM-3 CAA infill drilling ? HST/HSD ? Kitan Base ?…
  26. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 26
    Southeast Asia incremental production 0 10 20 30 40 50 60 2011 2015 2012 HST/HSD Jambi Merang Kitan PM-3 CAA Corridor Incremental production mboe/d Corridor ? Underpinned by demand PM-3 CAA ? Organic growth through…
  27. Investor Open House Southeast Asia – Talisman Energy Inc. – slide 27
    Southeast Asia ? summary Long-term, safe, profitable growth ? Strong free cash flow generation from base operations ? ~8% growth largely self-funded over the medium-term Large footprint with high quality acreage ? Four-fold increase…

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