Skip to main content Investor Open House North Sea – Talisman Energy Inc. Investor Presentation | Shale Experts
Loading...
Database
Slide Database

Investor Open House North Sea – Talisman Energy Inc.

Talisman Energy Inc. · May 12, 2011 · 30 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 North Sea – Talisman Energy Inc. – slide 1
    Investor Open House, May 2011 North Sea Operations Talisman Energy
  2. Investor Open House North Sea – Talisman Energy Inc. – slide 2
    North Sea ? sustained oil production and significant cash flow 2 Growth 5-10% sustainable growth Base Free cash flow to invest 3 Exploration Renewal of the firm 1 North Sea ? Flat production at 110-140 mboe/d until 2020
  3. Investor Open House North Sea – Talisman Energy Inc. – slide 3
    0 50 100 150 200 110 2020 140 2005 2012 2006 2007 2008 2009 2010 2011 North Sea ? 110-140 mboe/d through 2020 Production mboe/d Yme Auk South Godwin Dispositions Continuing operations Grevling Beta Grosbeak Flyndre/…
  4. Investor Open House North Sea – Talisman Energy Inc. – slide 4
    Total recordable injury frequency (TRIF) and lost time injury frequency (LTIF) Per million man hours North Sea ? health, safety and environment 5 0 10 1Q 2011 2008 2009 2010 LTIF TRIF 0 0 25 50 75 100 1Q 2011 2008 2009…
  5. Investor Open House North Sea – Talisman Energy Inc. – slide 5
    United Kingdom May 2011 NYSE: TLM ?TSX: TLM www.talisman-energy.com Page 2
  6. Investor Open House North Sea – Talisman Energy Inc. – slide 6
    Cash flow and returns -1.0 -0.5 0.0 0.5 1.0 1.5 2011-2014 average 2008-2010 average Exploration Actual Development Forecast performance ($85/bbl) Capital expenditure Cash flow $ billion 0 15 30 2008-2010 average…
  7. Investor Open House North Sea – Talisman Energy Inc. – slide 7
    Operating efficiency ? targeting improvement 0 25 50 75 100 2010 69% 2009 68% 2008 66% Operating efficiency Percentage (%) Medium-term target 80-90% Improvements underpinned by performance management from the executive to…
  8. Investor Open House North Sea – Talisman Energy Inc. – slide 8
    Building reliability through our People ? Deepen operating expertise ? 2 new VPs of Operations ? Changed 25% of offshore operations leadership ? Tighten and align objectives ? Transfer 150 operations supervisor positions to staff…
  9. Investor Open House North Sea – Talisman Energy Inc. – slide 9
    0 25 50 75 100 2009 1Q 201 2007 Building reliability through improved operational Process 90 80 70 60 1Q 2011 2010 Target Improved maintenance plan attainment Percentage (%) Safety critical Total maintenance Target…
  10. Investor Open House North Sea – Talisman Energy Inc. – slide 10
    Building reliability through Plant improvements 40 74 13 0 100 200 2010 2011 2012 Facilities improvement activities Number identified Identified In-progress Completed 15 0 15 Production protection Production enhancement…
  11. Investor Open House North Sea – Talisman Energy Inc. – slide 11
    0 25 50 2009 2010 2011 2012 Claymore gas compression upgrade ? high impact improvement Production protection ? Outdated gas compressors nearing end of useful life ? Compressor availability impacting operating efficiency ?…
  12. Investor Open House North Sea – Talisman Energy Inc. – slide 12
    Claymore ? targeted investment delivers production Infill drilling maximizes resource recovery ? Resumed drilling with upgraded rig ? 20 potential targets ? 3P 47 mmboe ? 5 wells 2011-2013 ? 2P 6 mmboe ? 2P replacement cost $13/boe…
  13. Investor Open House North Sea – Talisman Energy Inc. – slide 13
    Operating cost ? held flat in an inflationary environment Annual operating costs $ million (excluding transportation) 54 47 2010 801 Well interventions Operating efficiency investments Contract management 14 Personnel…
  14. Investor Open House North Sea – Talisman Energy Inc. – slide 14
    Production ? sustained by a conveyor belt of projects United Kingdom Aberdeen Flotta UK Norway Flotta hub Burghley Flotta hub Burghley MonArb hub Cayley, Godwin, Shaw MonArb hub Cayley, Godwin, Shaw Fulmar hub Auk…
  15. Investor Open House North Sea – Talisman Energy Inc. – slide 15
    Fulmar hub ? opportunity rich Base enhancement ? Clyde ? 4 infill wells ? Maximized recovery ? Field life extended Development ? Auk North ? on-stream 2010 ? Auk South redevelopment ? 2013 ? Flyndre/Cawdor ? 2014 Exploration ?…
  16. Investor Open House North Sea – Talisman Energy Inc. – slide 16
    Auk North ? delivered three months early ? 2P reserves ? 23 mmboe ? Replacement cost $15/bbl ? First oil November 2010 ? 8% under budget 0 10 20 4Q 2011 2015 2010 Fulmar Fulmar Auk North Auk North Auk North reservoir Auk…
  17. Investor Open House North Sea – Talisman Energy Inc. – slide 17
    0 100 200 Clyde infill Flyndre Cawdor Auk South Auk North Base extension Fulmar hub ? projects extend field life 2P reserves P3 reserves Risked prospective resources 5 0 10 15 20 25 2010 2015 2020 Base extension…
  18. Investor Open House North Sea – Talisman Energy Inc. – slide 18
    MonArb hub ? production growth through tie-backs Base enhancement ? Montrose ? 7 infill wells ? Maximized recovery ? Field life extended Development ? Godwin ? 2012 ? Cayley ? 2015 ? Shaw ? 2015 Exploration ? Vigne ? Seagull…
  19. Investor Open House North Sea – Talisman Energy Inc. – slide 19
    MonArb ? redevelopment maximizes value ? Develop Shaw and Cayley discoveries via new Bridge Linked Platform ? Develop Godwin discovery via Arbroath ? Enhance base facilities ? Improve operating efficiency ? Reduce unit opex by 66%…
  20. Investor Open House North Sea – Talisman Energy Inc. – slide 20
    5 0 10 15 20 2012 2015 2020 MonArb hub ? projects extend field life Base extension/infill New investment Incremental 2P production mboe/d 0 100 200 Base Godwin Shaw Cayley Upside Exploration extension/ infill 2P reserves…
  21. Investor Open House North Sea – Talisman Energy Inc. – slide 21
    Norway May 2011 NYSE: TLM ?TSX: TLM www.talisman-energy.com Page 10
  22. Investor Open House North Sea – Talisman Energy Inc. – slide 22
    Cash flow and returns 1.0 0.5 0.0 -0.5 -1.0 2011-2014 average 2008-2010 average Capital expenditure Exploration Development Forecast performance ($85/bbl) Actual Cash flow and capital $ billion 5 0 10 2011-2014…
  23. Investor Open House North Sea – Talisman Energy Inc. – slide 23
    Varg hub ? efficient development maximizes value FPSO UK Norway Grevling Grevling Wildcat Wildcat Rev Rev Isbj?rn Isbj?rn Varg Varg Future infill location Prospect Oil field Gas field Base enhancement ? 4-8 infill wells ?…
  24. Investor Open House North Sea – Talisman Energy Inc. – slide 24
    0 40 80 Area Exploration synergies Grevling development Infill & gas export Base extension 2P reserves 2C resources Risked prospective resources Varg hub ? delivering resources and production 0 10 20 1Q 2011 2006…
  25. Investor Open House North Sea – Talisman Energy Inc. – slide 25
    Yme ? first oil by end of fourth-quarter Project near completion ? Subsea equipment insta ? Drilling complete ? Topsides ready for insta ? First oil 4Q 2011 ? 2P reserves ? 44 mmbo Topsides in Stavanger ready for installation 0…
  26. Investor Open House North Sea – Talisman Energy Inc. – slide 26
    0 10 20 30 EOR Total possibilities Cost reduction Artificial Infill lift Gyda ? reducing cost and developing resources 70 60 50 40 0 28% 2012 target cost Optimizing Other maintenance 2008 2010 Offshore organization…
  27. Investor Open House North Sea – Talisman Energy Inc. – slide 27
    Acquisitions ? build new strategic core areas ? Strategy is to sustain production at 30-50 mboe/d ? 2 deals in 2010 sustain production ? Builds 2 new core areas ? Exploration portfolio renewal in a resource rich area ? Beta…
  28. Investor Open House North Sea – Talisman Energy Inc. – slide 28
    North Sea capital 1.5 1.0 0.5 0.0 2012-2015 average 2010 2011 Cash capital spend $ billion Exploration Yme redevelopment Development ? MonArb hub redevelopment ? Godwin, Cayley and Shaw discoveries ? Fulmar hub ? Auk South…
  29. Investor Open House North Sea – Talisman Energy Inc. – slide 29
    North Sea production ? oil focused 0 15 30 45 60 2011 2012 2013 Incremental production mboe/d Auk South redeve Yme Auk North Infill and workover May 2011 NYSE: TLM ?TSX: TLM www.talisman-energy.com
  30. Investor Open House North Sea – Talisman Energy Inc. – slide 30
    North Sea ? summary ? 110-140 mboe/d sustainable to 2020 ? Improving operational foundations to build a highly reliable and efficient business ? Focus on cost and project delivery ? Building exploration portfolio to sustain business…

From the store

Browse maps, data & reports in the Shale Experts store