KrisEnergy Ltd: Tackling Headwinds & Delivering on Targets 22nd CLSA Investors Forum, 14-18 September 2015
Asia: An Emerging Force in the Global Energy Market Asia is the biggest consuming region, accounting for 41% of global primary energy consumption in 20141 Primary Energy Consumption By Region1 5000 Million tonnes of oil…
Southeast Asia Expenditure/Discovery Size Focus on value vs volume and fall in oil price will impact frontier exploration; average discovery size in Southeast Asia rose to 47 mmboe in 2014 Global conventional E&A spend Wells…
Southeast Asia Awards/M&A Activity Myanmar, Malaysia and Indonesia have driven recent licensing activity; M&A activity in Southeast Asia at record levels in 2013/2014 Active licences awarded in SE Asia SE Asia M&A spend/activity…
Building a Sustainable Oil & Gas Company
Portfolio Building Across the E&P Life Cycle September 2015 Oil Gas Oil & Gas PROSPECTIVE RESOURCES RESERVES DEVELOPED DEVELOPMENT UNCLARIFIED DEVELOPMENT PENDING (PROSPECTS & LEADS) & UNDEVELOPED LEAST MATURE ASSETS MOST MATURE…
Active Involvement Across Portfolio Life Cycle Our portfolio contains assets at all stages of the exploration and production life cycle and therefore we are actively involved in all key stages along the value chain Pre-Exploration…
Delivering on 2015 Operational Targets
Production Existing production: B8/32 and B9A in Gulf of Thailand and Block 9 onshore Bangladesh New fields on stream: Nong Yao in June 2015 and Wassana in August 2015 www.krisenergy.com 2015 KrisEnergy Limited 9
New Production: Nong Yao, G11/48 First oil from Nong Yao achieved 17 June 2015 Two-platform development and floating storage offloading vessel (FSO), 19 development wells Initial production rate 2,500 bopd Production capacity 10,000…
New Production: Wassana, G10/48 First oil achieved on 14 August 2015 KrisEnergys first operated greenfield development Production achieved 15 months after taking over operatorship MOPU Ingenium producing to FSO Rubicon Vantage Peak…
Development Pipeline for Future Growth
Development Projects 2017/2018 Rossukon, G6/48: Production area application submitted in June 2015 Apsara, Cambodia Block A: Fiscal and technical terms agreed in 1H2015, formal documentation underway; first oil 24 months after FID…
Exploration/Appraisal 1H2015 results: 100% success rate for five wells in G6/48 and G10/48 2D seismic completed in SS-11 and Udan Emas PSC 3D seismic completed in Block 120; potential exploration drilling in late 2016…
1H2015 Update
Financial Summary Revenue 1H2015 Revenue Breakdown Realised Oil and Gas Prices vs Brent 50 US/bbl US/mcf 43.5 120 8 Gas US mm 90 6 9.6 mm Oil and 42% Liquids 25 23.1 13.4 mm 58% 60 4 30 2 0 0 0 1H2014 1H2015 2010…
1H2015 Operational Highlights Production Profile 1H2015 Production Breakdown boepd Oil and 8,000 Liquids 1,382 boepd 18% 6,000 4,000 Gas 6,254 boepd 2,000 82% 0 2010 2011 2012 2013 2014 1H2015 Glagah-Kambuna TAC B8/32 &…
Capital Expenditure (US million) CAPEX by country Planned CAPEX 1H2015 CAPEX Revised CAPEX Budget (Net to KrisEnergy) (as at FY2014) (as at 1H2015) Exploration, Appraisal and Development CAPEX for 168.96 90.73 189.76 non-producing…
4.2 Million Man Hours since 2014 A strong EHSS culture is essential to long-term shareholder value given the inherent risks of E&P operations Singapore office received OHSAS 18001 certification by All EHSS policies and procedures are…
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