Miran and Bina Bawi a world-class resource 11.4 tcf of gross mean raw gas, 8.4 tcf of gross mean sales gas 34 mmbbls mean oil reserves & resources, 45 mmbbls mean first-stage condensate resources Onshore location and scale deliver…
Gas supply by source Origin of gas imports 56% 99% Russia Iran Azerbaijan Algeria 1% 19% 3% Nigeria 9% 13% Natural gas imports Natural gas production Excludes spot LNG imports Gas supply by contract type End-user…
US/mmBtu 18 16 14 12 10 8 6 4 2 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Japan LNG cif German import price CIF UK NBP US Henry Hub Source: BP Statistical…
bcma 90 3.5% 80 70 2% 60 KRG GAS 1% 2005-2014 gas demand growth CAGR = 6.8% NIGERIA 50 ALGERIA AZERBAIJAN-II 40 AZERBAIJAN-I 30 IRAN RUSSIA 20 OTHERS 10 Denotes assumed extension of contract 0 after expiry 2006…
Upstream MidstreamCo Responsible for the gas treatment facilities at Miran and Bina Bawi Miran and Bina Bawi, 100% operated and owned by Genel Energy(1) Genel leading on EPC tender and securing equity and debt financing Delivery of…
Gas Supply Agreement (GSuA): Terms under which raw gas (after removal of first stage condensate) is sold to the KRG Turkey GSA/crude oil sales backed guarantee provided by the KRG Genel commits to deliver raw gas on the following…
Point forward capex for the upstream gas development: 2.9 billion, 1 billion to be incurred before first gas Source: KRI 2014 The Oil Point forward capex for the upstream oil development: 400 million, 60 & Gas Year, Company…
Full form agreements PSC Amendment Agreements and Gas Supply Agreement H2 2015 Midstream H2 2015 EPC award H1 2016 Midstream financial close H2 2016 FID on midstream/upstream after financial close First gas 30-36 months after…
World-class opportunity c.2bn boe of mid-case raw gas resource Combined Miran and Bina Bawi life of field upstream and midstream capex and opex < 5/boe Turkey-KRG gas sales agreement KRI supply to ramp up from 4bcma to 10bcma,…