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Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd

Oak Point Energy Ltd · May 30, 2014 · 25 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. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 1
    Oak Point Energy Ltd. Superior SAGD Development Through Applied Engineering Innovation SAGD Facility Design for Small Scale In Situ Oil Sands Development Oak Point Energy Reserves Estimation in Canadian Oil Sands Workshop May…
  2. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 2
    Presentation Overview 1. The Future Is Heavy Oil And Bitumen The Opportunity The Challenge 2. A New Facility Design to Facilitate a New Asset Strategy Configure for Reliability and Portability Standardize Facility Designs The…
  3. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 3
    The Opportunity Seventy Percent of World Reserves Heavy Oil Reserves Are the Future Extra heavy oil & bitumen make up over half of the worlds reserves Conventional reserves has been reduced to 30% of the known reserves New…
  4. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 4
    The Opportunity New Technology Critical to Improve Economics Large Contiguous deposits Exploitable Opportunity resource resource if using new technology design trend Smaller scale continues Lower cost Shorter schedule…
  5. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 5
    The Challenge Commercial Viability To be classified as reserves, estimated recoverable quantities must be associated with a project(s) that has demonstrated commercial viability. Under the fiscal conditions applied in the estimation…
  6. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 6
    The Challenge Three Immediate Areas of Focus MARKET ACCESS Delayed pipeline approvals High delivery costs Discourage foreign PROJECT PERFORMANCE investment Reservoir performance Facility reliability Facility efficiency…
  7. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 7
    The Challenge Three Immediate Areas of Focus MARKET ACCESS Delayed pipeline approvals High delivery costs Discourage foreign PROJECT PERFORMANCE investment Reservoir performance Facility reliability Facility efficiency…
  8. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 8
    Presentation Overview 1. The Future Is Heavy Oil And Bitumen The Opportunity The Challenge 2. A New Facility Design to Facilitate a New Asset Strategy Configure for Reliability and Portability Standardize Facility Designs The…
  9. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 9
    Configure for Reliability and Portability Three Design Principles Portable SAGD facility that can be assembled or dismantled in 30 days. This single feature addresses many of the industry challenges Cost Reduction and Cost…
  10. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 10
    Configure for Reliability and Portability Three Design Principles Shift from mega-project to repeatable equipment manufacturing strategy to reduce cost through mass production efficiencies Mega-project approach currently used by…
  11. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 11
    Configure for Reliability and Portability Three Design Principles Three SAGD design configurations that are suitable for broad range of oil sands and heavy oil applications (UltraLite, 1nSite, MultiSite) Eliminate cost and schedule…
  12. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 12
    Standardize Facility Designs The Right Configuration For The Right Application UltraLite 1nSite MultiSite Capacity 1,260 bbl/day 7,200 bbl/day 21,600 bbl/day 1-2 well pairs 8-12 well pairs 2-4 well pads Application Pilot Small…
  13. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 13
    The Benefits Doubling Returns Oak Point Value Capture Relative to Traditional SAGD Design (NPV / bbl) 6.25/bbl Oak Point Design 3.40/bbl (1) Lewis Steepbank Traditional SAGD NPV10 (AT) Design (Oak Point Base Case) Lewis…
  14. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 14
    The Benefits Environmental Performance Better Than Conventional Oil 1. Land…
  15. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 15
    Presentation Overview 1. The Future Is Heavy Oil And Bitumen The Opportunity The Challenge 2. A New Facility Design to Facilitate a New Asset Strategy Configure for Reliability and Portability Standardize Facility Designs The…
  16. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 16
    Adapting to Commodity Price Cycles 1980-1998: Dominated by Periods of Falling Price WTI Price History 45 40 35 30 25 20 15 10 5 - 15 15
  17. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 17
    Adapting to Commodity Price Cycles 1999-2014: Dominated by Periods of Rising Price WTI Price History 160 Oil Sands Project Cycle Time 140 120 100 80 60 40 20 - 16 16
  18. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 18
    Adapting to Commodity Price Cycles The Last 15 Years are Different that the Previous 15 1980-1998 Declining market with few periods of sustained rising oil price Low oil prices prevail (start at 35+ /bbl and end the 1990s at < 15…
  19. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 19
    Facility Construction Strategy Factory Fabrication vs Mega Project Execution Engineering Engineer once build multiple units Standard engineering packages for each configuration proceed directly to fabrication Custom engineering where…
  20. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 20
    Mass Production Techniques Proven in a Number of Industries 19 19
  21. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 21
    Facility Construction Strategy Shift Work to Efficient Manufacturing Jurisdictions 1) Sub-Assembly Component Fabrication Multiple fabrication shops located in established manufacturing centers to construct shippable sized equipment,…
  22. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 22
    Facility Deployment and Relocation Current Model Production vs Reservoir Capacity Conventional Approach 100 Reservoir Capacity Production 80 Facility Capacity Capacity 60 40 20 0 0 5 10 15 20 25 30 35 Time…
  23. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 23
    Facility Deployment and Relocation Oak Point - Align for the Full Life Cycle Production vs Reservoir Capacity Oak Point Approach Reservoir Capacity Facility Capacity 100 80 Opportunity to sustain capacity by redeploying…
  24. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 24
    Innovative Design and Execution Improve Global Competitiveness and Acceptance 1. Improved Returns to Resource Developers (Incentive to invest) Cost reduction Shorter cycle times to cash flow 2. Improved Royalties and Taxes Industry…
  25. Reserves Estimation in Canadian Oil Sands Workshop – Oak Point Energy Ltd – slide 25
    Oak Point Energy Ltd. Superior SAGD Development Through Applied Engineering Innovation Questions Oak Point Energy 24

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