HORIZON OIL LIMITED / ABN 51 009 799 455 Developing Gas in Papua New Guineas Western Province Brent Emmett CEO Papua New Guinea Investment Conference 7 & 8 September 2017
Disclaimer Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, potential growth of Horizon Oil…
Presentation key points Where Western LNG sits in the Papua New Guinea LNG landscape Western Province hosts a large gas and condensate resource, welldefined by seismic, appraisal drilling and testing Planning for an…
Papua New Guineas LNG landscape PNG is a pro development jurisdiction with stable petroleum fiscal regime Rich mineral and petroleum province with a history of successful large scale resource projects delivery e.g. PNG…
Appraised western foreland fields to be aggregated for Western LNG Significant gas resource discovered and appraised in uncomplicated structures, with highly productive sandstone reservoirs High level of condensate and…
Appraised western foreland fields resource distribution and ownership Horizon Oil and Repsol have a combined interest of 70% of the total resource and operate all the fields , which will facilitate aggregation Contingent resource…
Western LNG development scheme Gas for the domestic PNG market available at multiple locations LNG, condensate and LPG available for PNGbased customers at liquefaction facility PNG Investment Conference Sept 2017 7
Development scheme selection criteria Standalone development 1.5 mtpa rightsized for appraised resource base Simple concept with lowest technical and execution risk Maximum use of standard, proven technology System uptime…
WLNG wellplaced to supply emerging demand areas Indonesia, South China Sea Rim, China, India Strong increase in demand forecast in emerging Asian economies, pointing to supply shortfalls from 2023 Many new entrants seeking to…
Benefits to landowners, communities and the State Creates long term employment and economic development opportunities in Western Province Powerful generator of tax revenue and export income for 20+ year project life and will…
Horizon Oils health and community initiatives Water and sanitation Remote area health patrols Vocational training and life skills Case based training for rural health workers Our partners Community health education PNG…
For more information please contact: Horizon Oil Limited T: +61 2 9332 5000 Level 6, 134 William St Brent Emmett Chief Executive Officer F: +61 2 9332 5050 Woolloomooloo NSW 2011 E: infohorizonoil.com.au horizonoil.com.au Media enquiries…
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