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LNG Supplies for Asian Markets Conference – Oil Search Limited

Oil Search Limited · Mar 1, 2015 · 16 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. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 1
    PNG, a new entrant to LNG supply LNG Supplies for Asian Markets Conference, Singapore March 2015 Oil Search Limited ASX: OSH POMSoX: OSH US ADR: OISHY ARBN 055 079 868 www.oilsearch.com
  2. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 2
    Introduction PNG joined LNG exporting nations in May 2014 Successful delivery of PNG LNG is transformational for PNG and Oil Search Demonstrates ability for PNG to successfully manage complex logistics, social and financial…
  3. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 3
    Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Market capitalisation A12.5bn (US10bn) Erbil Tunis Sulaymaniyah Listed on ASX (Share Code OSH) TUNISIA IRAQ and POMSOX, plus ADR Dubai programme (Share Code…
  4. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 4
    PNG LNG Project Hides development PNG LNG Project drilling complete Gas Fields Papua New Guinea Hides Hides Juha Kutubu Future Juha Port Moresby Facility Angore Hides Gas Moran Conditioning Plant & Komo Airfield Agogo OSH…
  5. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 5
    Project delivered on time and within revised budget COMMENCEMENT INSTALLATION COMPLETION Continued early works Continue onshore Complete construction Detailed design pipe lay and commissioning of Complete offshore pipe lay HGCP and…
  6. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 6
    PNG LNG Project delivered on time and within revised budget PNG LNG Project condensate production commenced late March, with LNG production from Train 1 in April and Train 2 in May Sales of new Kutubu Blend, comprising Hides liquids…
  7. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 7
    PNG LNG facilities LNG Plant Associated Gas Hides GCP LNG Tanker at Jetty Hides GCP Source: ExxonMobil LNG Supplies for Asian Markets Conference - March 2015 9
  8. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 8
    First LNG cargo shipped in May Unloading of first PNG LNG cargo at TEPCO Futtsu-2 Terminal Source: ExxonMobil LNG Supplies for Asian Markets Conference - March 2015 10
  9. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 9
    Reasons for success Availability of commissioning gas from OSH-operated Kutubu field in Aug- 13, prior to first deliveries from the Hides field in Apr-14, enabling early start-up and rapid production ramp-up at LNG plant Stick built…
  10. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 10
    Commercialising PNGs undeveloped gas remains key focus for OSH PNG LNG Project has delivered strong platform for growth PNG can deliver at least two more LNG trains underpinned by existing undeveloped resources and third train with…
  11. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 11
    Gas resource evaluation ongoing in NW Highlands and Gulf Key resource evaluation activities currently Hides F1 Deep underway: Evaluation of Hides Antelope 4 Structural remapping and reservoir modelling based development wells Antelope…
  12. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 12
    Pnyang licence agreement a significant step ExxonMobil PNG Limited (as operator of PNG LNG and PRL 3) and PNG Government signed MoU in January 2015: Pnyang to provide long-term gas resources to support domestic power and potential PNG…
  13. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 13
    PRL 15 appraisal and exploration Arbitration outcome: Papua New Guinea Hides Complex, non-unanimous decision Kutubu Finalising joint venture management issues Port Moresby Total appointed project operator Antelope 4 spudded in…
  14. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 14
    OSH role in future LNG developments Unique opportunity over next 12 months to drive optimal development plan, through promoting cooperation agenda: Extensive equity interests spanning sources of expansion gas Alignment with PNG…
  15. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 15
    Contributing to long-term sustainability in PNG Government cash flows impacted by oil price fall However, landowners and community expectations have not changed Partnership between State and private sector vitally important, to…
  16. LNG Supplies for Asian Markets Conference – Oil Search Limited – slide 16
    Summary PNG well situated to significantly expand LNG industry over next 5-7 years Successful delivery of PNG LNG demonstrates major capital projects can be completed in country Excellent resource base Well supported by customers…

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