Quarter Performance Reviews Intro

Report
Talisman in Sabah
3rd SOGCE, 26th & 27th May 2014
TALISMAN GLOBAL OPERATIONS WITH 2 CORE AREAS
ASIA PACIFIC
AMERICA
• 2014 capital expenditure is expected to be
approximately $3.2 billion
• 2014 production guidance: 350 - 365 mboe/d
– Talisman 2 core regions (Americas and Asia
Pacific) expected to contribute 90% of production
– Over 70% of expected 2014 capital spending will be
invested in the Americas and Asia-Pacific
Safer, Better, Faster & at a Lower Cost
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ASIA-PACIFIC – CORE AREAS WITH EXCITING GROWTH
OPTIONS
Vietnam
HST/HSD
Vietnam
Nam Con Son
Sabah Basin
Malay Basin
Tangguh
Papua
New Guinea
South Sumatra
Core areas
Kitan/LamCor
Additional Assets
Exploration
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0
500
1,000
Km
1,500
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TALISMAN MALAYSIA OPERATION
Sabah
An exciting new growth area
Kinabalu
PSC signed May 2012
Exploration SB309 & SB310
3D seismic and multi-well programme
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Sabah: Oil infrastructure and emerging Gas market
SB 309 & SB310
New Project (Onshore)
Existing Facility
Malaysia
Brunei
Malaysia
Tuaran
Sabah Gas Terminal
(SBGAST)
Indonesia
Indonesia
Kimanis
Sabah Oil and Gas Terminal (SOGT)
KINABALU
KEY
Sabah Sarawak Gas Pipeline
(SSGP)
Labuan Island
Labuan Crude Oil Terminal (LCOT)
Summary:
Established Hydrocarbon province
Exploration for Light Oil & Wet Gas
Shallow water
Infrastructure acquisition options
Emerging Gas market (>4 USD / mcf)
Bintulu (Sarawak)
Malaysia LNG Sdn.Bhd.
(MLNG)
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Sabah: 2H2013 / 1H2014 – A transformative time
Shell/Conoco
identify 136m oil
column in
Limbayong during
appraisal
Siakap Development
Petronas appraise
Nosong
PCSB Rotan FLNG FID
Petronas Carigali oil
discovery at Wakid
Kebabangan (KPOC )
online in 2014 ~500
mmscf/day
30% of Murphy
Malaysia for sale
Petronas Vestigo
awarded small fields
Shell’s Gumusut
EPS working. FPSO
not fully operational
KNAG operational at
150 mmscf/day
KEY
Sabah-Sarawak Gas
pipeline operational
Shell & Total continue
seismic & drilling in
similar plays in Brunei
Champion complex
Summary:
Active Exploration/ Development/
Production Greater Sabah Area
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2012 Kinabalu Oil PSC
Overview
Kinabalu – Location Map
Kinabalu – Block Details
 Block: SB1 Kinabalu
Samarang Complex
(PCSB*)
 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
KNAG
(PCSB)
encourage brownfield redevelopment
Kinabalu
KNDP-A
− First infill well : 9 months following
transfer of operatorship
Labuan
LCOT (SHELL)
− Redevelopment project, Select to
Define : 10 months following transfer
of operatorship
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Sabah SB310 & SB309: PSC Overview
SB-309 -100% WI, 70% EI
•
•
3 Wells
•
•
•
Kinabalu Field
5 Wells
Partners: TML (70%), PCSB
(30%)
PSC Signed; Effective Date
- 26th October 2009
Expiry: 25th Oct 2015
Exploration period: 6 years
Current Activities:
Exploration
SB-310 -100% WI, 70% EI
•
•
•
•
•
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Partners: TML (70%), PCSB
(30%)
PSC Signed; Effective Date
- 26th October 2009
Expiry: 25th Oct 2015
Exploration period: 6 years
Current Activities:
Exploration
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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
Compelling
CV & Cover
Letter
Strong
academic &
co-curricular
credentials
Basic
Knowledge –
Industry/Job
Experience /
Engagement
Soft Skills - The
X Factor
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Learn More About Us:
• http://www.talisman-energy.com
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