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Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation

Hyperdynamics Corporation · Feb 19, 2015 · 20 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. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 1
    Africa in the New Oil World: The Game has Changed, But How Ray Leonard President and CEO Hyperdynamics Corporation Council for Foreign Relations February 2014
  2. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 2
    Prediction is very hard, especially about the future Yogi Berra Resources (Geoscientists) Cautions in viewing predictions Technology & End of history Politics Operations (Engineers) (Sociologists) illusion Smartest guy in…
  3. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 3
    Resources and Definitions BP Statistical View of World Energy (2013) Authors own published studies FSU Resources World Energy Council Natural Bitumen and Heavy Oil United States Energy Information Agency Definitions Conventional…
  4. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 4
    Conventional Oil Peak discovery decade By 2030, 63% of conventional 1960-1970, peak production production in Arabian, West 2005 Siberian and North Caspian Basins Shift of Production 80 70% 70 60% 60 50% 50 40% 40 MMBOD…
  5. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 5
    Share of Deepwater + Unconventional Oil increases in non-renewable oil production 2000-2030 120000 50% 45000 45% 100000 40000 40% 35000 35% 80000 30000 30% 60000 25% 25000 20% 20000 40000 15% 15000 10% 20000 10000…
  6. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 6
    Deepwater North America West of Shetlands Europe Oil Eastern Canada Gulf of Mexico Atlantic Guinea/Sierra Leone/Liberia Margin Mega French Guiana Ghana Niger Africa Provinces Ceara South Gulf of America…
  7. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 7
    14,000 180 Deepwater Production limited mainly to basins 12,000 160 of Atlantic Margin 140 10,000 Common factors: 120 World class source rocks Continuous subsidence and 8,000 100 deposition Differentiating factors for mega…
  8. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 8
    Heavy Oil 7 6 Production 5 4 MMBOD Production reaches 7 MMBOD 3 in 2030 2 85% of resources in two 1 provinces 0 High oil prices needed for 2000 2005 2010 2015 2020 2025 2030 profitability Venezuela Canada ROW…
  9. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 9
    Shale Oil Production by hydraulic fracturing Significant production initiated in 2010 utilizing combination of fracking and horizontal drilling Economics dominated by high well decline rates and need for extensive infrastructure While…
  10. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 10
    7000 6000 USA Shale Oil Production 5000 Russia Increase: How much 4000 3000 ROW and how fast 2000 1000 Total USA Production: (not including 0 2000 2005 2010 2015 2020 2025 2030 NGLs) Major plays Bakken and Eagle International…
  11. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 11
    Natural Gas Liquid 18 16 (NGL) production 14 continues to rise along 12 10 with gas production MMBOD 8 6 NGL production increase through 4 2 2030 associated with: 0 NGLs associated with shale gas 2000 2005 2010 2015…
  12. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 12
    Sub-Saharan Africa: Major New Oil Source 2000-2030 Production almost doubles from 2000 to 2020 (3.9 to 7.2 MMBOD) While most production still in SW East Africa Rift Africa, shift to Transform Margin and +5 BBO East Africa is…
  13. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 13
    SW Africa: Shift from Conventional to Deepwater In 2000, trend from Cameroon Southwest Africa Production Profile 7000 to Angola produced 3.6 6000 MMBOD oil, 95% conventional, about 2/3 from Nigeria 5000 4000 Approximately 20…
  14. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 14
    Exploration wells drilled offshore from Senegal southward to Ghana NW Africa Transform 20 Exploration Wells in NW Africa, 1975-2013 120 Number of Exploration Wells Per Year 18 (Senegal-Ghana) Margin: New deep- 16 Jubilee 100 <…
  15. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 15
    East Africa Rifts: Largest conventional oil discovery of the decade Older Cretaceous rift oil discovery in South Sudan in 1970s. Due to political difficulties, 20 years until commercial production Four rift systems extending up…
  16. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 16
    Different Timelines to Development 2005 2010 2015 2020 2009 Commercial Reserves Ghana 2007 2011 Further Developments Jubilee Discovery First Production 2008 Pipeline Route Commercial Disputes Reserves Uneconomic Refinery…
  17. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 17
    Why oil prices will stay at least at 100/bbl (2012 dollars) in the future Conventional producers need Unconventional producers need 100/bbl. oil 100/bbl. oil to balance budgets to make a profit (2015 production and costs) 120 Profits…
  18. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 18
    Yearly average price 2012 dollars 1946-2012 1000 The Oil Plateau 100/bbl 2020 Iraq/Iran War Next New North Sea, Potential Oil Embargo West Siberian Oil Price Production Squeeze 100 /BBL Conventional Peak oil 10 US…
  19. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 19
    Two Contrasting Decades 2010-2020 2020-2030 Production increase 8 MMBOD Production increase only 3 Conventional production MMBOD decline Conventional production decline Major production increase in Deep-water and US shale oil…
  20. Africa in the New Oil World: The Game has Changed But How – Hyperdynamics Corporation – slide 20
    Summary and Conclusions New Oil World Sub-Saharan Africa Non-renewable conventional Production doubles in the production peaked in 2005 2000-2020 time period and is rapidly being replaced Low cost conventional oil by high cost…

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