Click here to load reader

Sabah Talisman

  • View
    241

  • Download
    0

Embed Size (px)

DESCRIPTION

Future plan for Sabah O&G

Text of Sabah Talisman

  • Sabah Oil and Gas Conference 2014Talisman Malaysia Increasing Growth Opportunities for Sabah

    May 26th, 2014

  • ContentOverview of Talisman EnergySabah Growth StrategySecuring a FoundationMaximising Asset RecoveryExpanding through ExplorationWorking with other Operators

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Talisman Energy Global OperationsTwo Core Regions : The Americas and Asia-Pacific

    2014 production guidance 350-365 mboe/dCore areas 324-334 mboe/dOther 26-31 mboe/d Other areas considering all optionsUK Sinopec deal lowers exposureNorway sales process underwayKurdistan Kurdamir and Topkhana appraisal ongoing Core: Asia-PacificGenerating free cash flow, near-term exploration potentialLong life assets with high netbacks Core: AmericasResource plays provide long-term growthColombia exploration and development underway 2013 2P reserves ~1640 mmboe Core areas ~1480 mmboeOther ~160 mmboe

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Talisman Energy - Asia PacificA Core Talisman RegionCore areasAdditional AssetsExplorationSouth SumatraMalay BasinTangguhKitan/LamCorVietnamNam Con SonVietnamHST/HSDPapua New Guinea

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    VietnamPeninsularMalaysiaSarawakSabahTalisman Energy in MalaysiaAssets OverviewMalaysiaTLM blockOil fieldGas field

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    SabahNew Core Area anchored by KinabaluKinabalu is a secure base with upside recovery opportunitiesSignificant acreage in a prolific and proven hydrocarbon provinceExtensive infrastructure enhances exploration monetization opportunities for oil and gasPotential Synergies with other operators to optimise operation and Development Plans

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Block: SB1 Kinabalu2012 Kinabalu Oil PSC:Start Date: Dec 2012 (20 years license)Operator: TLM (60%)Partner: PETRONAS Carigali (40%)Location 55 km NW of Labuan28 km SW of Samarang2 km SE of KNAGField Water Depth: 56 mDiscovery: 1989 and First Oil: Dec 1997Cum. Oil Production @1/1/14 = 97 MMstb20 Development Wells (20 active strings)

    Kinabalu Location MapKinabalu Block DetailsLabuanLCOT (SHELL)Samarang Complex (PCSB*)Kinabalu KNDP-AKNAG(PCSB)2012 Kinabalu Oil PSC Overview First PSC handover to International OperatorFirst progressive volume PSC to encourage brownfield redevelopmentFirst infill well : 9 months following transfer of operatorshipRedevelopment project, Concept Selection : 10 months following transfer of operatorship

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Well interventionsSix Infill wells approvedDouble Field Production within one yearNew PlatformNew FacilitiesAdditional Infill Drilling Secondary Oil Recovery

    Exploration SuccessPotential Synergies with PETRONAS Carigali in SabahImprove the HSE PerformanceImprove Field Reliability Existing Platform Debottlenecking Project to be completed in Q4 2014.2012 Kinabalu Oil PSCGrowth Strategy

    LP SeparatorKN 114stWithin Talisman Corporate Responsibility Standards

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Managing Aging InfrastructureIt starts at the beginningAdditional Escape Route

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Facilities DebottleneckingInitial Infill Drilling programme and well interventions increasing fluids throughputRestrictions in liquid export ratesPreparation for additional offtake rates once the full field redevelopment project is implementedFacilities Debottlenecking Ready for Future GrowthLiquid Production IncreaseRemove produced water prior to exportConvert LP Separator to 3 Phases Equipment Integrity ImprovementInstall Online Sand Removal SystemGas Production IncreaseModify LP Compressor to increase its capacity to minimize flaring.

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Field RejuvenationMaximising use of Existing Slots

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Field RejuvenationDrilling Performance to dateNo Recordable Incidents (LTI, RWI, MTI)Excellent operational performance - benefit of established Rig Contractor (20+ years in Malaysia)Continuity of activity in Sabah Key to Performance

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Kinabalu RedevelopmentMaximising Recovery FactorA Team Approach : Project Success is driven by the Integration of all Disciplines Consider Novel Cost/Schedule Saving Schemes No Stone Unturned

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Kinabalu RedevelopmentSelected Concept OverviewTwo Stage Development Secondary Recovery ImplementationIncrease field recovery factor to ~ 40%

    New Well Head Platform

    Stage 1 (Early Production)Stage 2 (Full Production)ScopeInstallation of a 20 slot wellhead platform (WHP) bridge linked to KNDP-A. Maximum Use of Existing KNDP-AInstallation of a new CPP bridge linked to the new WHPGas Compression & Water InjectionEstimated 1st Oil4Q 20164Q 2017 (Estimated 1st Injection)

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Exploration PortfolioSB310 & SB309 Prospects and LeadsPartners: TML (70%), PCSB (30%)PSC Signed; Effective Date - 26th October 2009Exploration period: 6 years5 Commitment wells in SB310; 3 wells in SB309

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    South Sabah SynergiesA way of working between Operators KNNAG accommodationHelicopter SharingMarine VesselsSpare SharingSubsurface Data Sharing5 Year Integrated PlansWarehousingFacilities optimization with KN and Samarang Gas utilizationLiquid handling DebottleneckingArea Development PlansMaximise Utilisation of Existing Infrastructure

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Our ThemesEducationHealth EnvironmentCorporate Responsibility within TalismanSupporting our Growth Plans

    *NYSE : TLM | TSX : TLMwww.talisman-energy.com

    Thank You

    *******

Search related