Talisman in Sabah

3rd SOGCE, 26th & 27th May 2014

Talisman in Sabah

3rd SOGCE, 26th & 27th May 2014

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TALISMAN GLOBAL OPERATIONS WITH 2 CORE AREAS

• 2014 production guidance: 350 - 365 mboe/d– Talisman 2 core regions (Americas and Asia

Pacific) expected to contribute 90% of production

• 2014 capital expenditure is expected to be approximately $3.2 billion

– Over 70% of expected 2014 capital spending will be invested in the Americas and Asia-Pacific

AMERICAASIA PACIFIC

Safer, Better, Faster & at a Lower Cost

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ASIA-PACIFIC – CORE AREAS WITH EXCITING GROWTH OPTIONS

Core areas

Additional Assets

Exploration

South Sumatra

Malay Basin

Sabah Basin

Papua New Guinea

Tangguh

0 500 1,000 1,500Km

Kitan/LamCor

VietnamNam Con Son

VietnamHST/HSD

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TALISMAN MALAYSIA OPERATION

SabahAn exciting new growth area

KinabaluPSC signed May 2012

Exploration SB309 & SB3103D seismic and multi-well programme

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Sabah: Oil infrastructure and emerging Gas market

Bintulu (Sarawak)Malaysia LNG Sdn.Bhd.(MLNG)

Malaysia

Malaysia

Indonesia

Brunei

Indonesia

TuaranSabah Gas Terminal (SBGAST)

Labuan IslandLabuan Crude Oil Terminal (LCOT)

KimanisSabah Oil and Gas Terminal (SOGT)

Sabah Sarawak Gas Pipeline(SSGP)

Existing Facility

New Project (Onshore)SB 309 & SB310

Summary:Established Hydrocarbon provinceExploration for Light Oil & Wet Gas Shallow waterInfrastructure acquisition optionsEmerging Gas market (>4 USD / mcf)

KEY

KINABALU

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Sabah: 2H2013 / 1H2014 – A transformative time

Summary:Active Exploration/ Development/ Production Greater Sabah Area

KEY

Sabah-Sarawak Gas pipeline operational

30% of Murphy Malaysia for sale

Shell’s Gumusut EPS working. FPSO not fully operational

Shell & Total continue seismic & drilling in

similar plays in Brunei

Shell/Conoco identify 136m oil

column in Limbayong during

appraisal

Petronas appraise Nosong

Petronas Carigali oil discovery at Wakid

Petronas Vestigo awarded small fields

Champion complex

Kebabangan (KPOC ) online in 2014 ~500

mmscf/day

Siakap Development

PCSB Rotan FLNG FID

KNAG operational at 150 mmscf/day

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Block: SB1 Kinabalu

Cum. Oil Production @1/1/14 = 97 MMstb

20 Development Wells (20 active strings)

New 2012 Kinabalu Oil PSC

− First PSC handover to operator other

than PETRONAS Carigali

− First progressive volume PSC to

encourage brownfield redevelopment

− First infill well : 9 months following

transfer of operatorship

− Redevelopment project, Select to

Define : 10 months following transfer

of operatorship

Kinabalu – Location Map Kinabalu – Block Details

LabuanLCOT (SHELL)

Samarang Complex (PCSB*)

Kinabalu KNDP-A

KNAG(PCSB)

2012 Kinabalu Oil PSC Overview

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SB-310 -100% WI, 70% EI• Partners: TML (70%), PCSB

(30%)• PSC Signed; Effective Date

- 26th October 2009• Expiry: 25th Oct 2015• Exploration period: 6 years• Current Activities:

Exploration

SB-309 -100% WI, 70% EI• Partners: TML (70%), PCSB

(30%)• PSC Signed; Effective Date

- 26th October 2009• Expiry: 25th Oct 2015• Exploration period: 6 years• Current Activities:

Exploration

Sabah SB310 & SB309: PSC Overview

Kinabalu Field5 Wells

3 Wells

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Kinabalu Redevelopment Objectives

To add 25.9 MMstb @ 1/1/32 to the oil proved developed reserves and achieve a RF of ~ 40 %

To achieve first oil by Q3 2016 and increase oil production to ~ 20,000 bopd rate.

To potentially process hydrocarbons from TML nearby Exploration

Kinabalu Area Exploration Prospects

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Laying the Sabah Foundation

UMS Scholarships 6 scholarships to be given in 2014

INSTEP Kimanis Scholarships In the planning stage

35 Sabahans already in TML 14 in the Kinabalu team

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Building a Technical & Operational Presence

KL Based Reservoir Engineer G&G Graduate Mechanical Engineer

KK Based Piping Engineer

Labuan Based Senior Offshore roles

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Energizing Our Future

Experience /Engagement

Experience /Engagement

Compelling CV & Cover Letter

Compelling CV & Cover Letter

Soft Skills - The X Factor

Soft Skills - The X Factor

Basic Knowledge – Industry/Job

Basic Knowledge – Industry/Job

Strong academic & co-curricular credentials

Strong academic & co-curricular credentials

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Learn More About Us:

• http://www.talisman-energy.com