Horizon Oil Limited · ASX:HZN
Horizon Oil — PNG Petroleum & Energy Summit 2017
16 slides from Horizon Oil's conference presentation, Feb 28, 2017
Slide 1: PNG Petroleum and Energy Summit Presentation (ASX cover letter)
Horizon Oil Limited ABN 51 009 799 455 Level 6, 134 William Street, Woolloomooloo NSW Australia 2011 Tel +61 2 9332 5000, Fax +61 2 9332 5050 www.horizonoil.com.au 28 February 2017 For personal use only The Manager, Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 H
Slide 2: Developing Western Province Gas
For personal use only PNG Petroleum & Energy Summit - 28 Feb 2017 Session 2 - PNG Projects Status Update: Accelerating PNG’s LNG Plans to Promote Growth Developing Western Province Gas Brent Emmett CEO Horizon Oil Limited
Slide 3: Disclaimer
Disclaimer For personal use only Statements contained in this material, particularly those regarding the possible or assumed future performance, costs, dividends, returns, production levels or rates, prices, reserves, potential growth of Horizon Oil Limited, industry growth or other trend projection
Slide 4: Presentation outline
Presentation outline For personal use only Western Province hydrocarbon accumulations – where are they located? Who are the players? Gas commercialisation opportunities Development alternatives – Western LNG (WLNG) – Western Pipeline The size of the prize Key success factors 28 February
Slide 5: Location of Western Province gas accumulations – regional view
Location of Western Province gas accumulations – regional view For personal use only 28 February 2017 4
Slide 6: Location of Western Province gas accumulations – provincial view
Location of Western Province gas accumulations – provincial view For personal use only 28 February 2017 5
Slide 7: Who are the players?
Who are the players? Appraised Western Foreland Fields For personal use only P’nyang Field Operator: ExxonMobil Operators: Horizon Oil, Repsol 2C resource: 3.5 tcf gas 2C resource: 2.0 – 2.5 tcf gas 35 – 50 mmbbl condensate 60 – 70 mmbbl condensate Horizon Oil and Repsol operate all appraised Wester
Slide 8: Commercialisation opportunities for Western Province gas
Commercialisation opportunities for Western Province gas Sales to domestic buyers for power generation and other industrial use For personal use only – Gas-to-power for mines, industrial consumers and village/town supply – Gas for petrochemical and fertiliser production in PNG – Pipeline export to
Slide 9: Development alternatives – export south or east?
Development alternatives – export south (Western LNG) or east (Western Pipeline)? For personal use only 28 February 2017 8
Slide 10: Export pipeline route south or east – close-up view
Export pipeline route south (Western LNG) or east (Western Pipeline)? – close-up view For personal use only 28 February 2017 9
Slide 11: Western LNG – base case for Western Foreland appraised gas development
Western LNG – base case for Western Foreland appraised gas development For personal use only PDL 10 PRL 21 PRL 28 Stanley field Elevala/Ketu fields Ubuntu field Northern Processing Hub 500 km onshore gas export pipeline Domestic gas sales Southern fields Southern PPL 235 Processing Hub Condensate Pu
Slide 12: Western Pipeline – Kumul Petroleum's solution for developing Western Province gas
Western Pipeline – Kumul Petroleum’s solution for developing Western Province gas For personal use only Source: PNG Mining & Petroleum Investment Conference, December 2016 28 February 2017 11
Slide 13: Horizon Oil's strategy
Horizon Oil’s strategy For personal use only Mature the Western LNG (Daru) alternative as the stand-alone base case – this is a sound concept and is within the gift of Horizon Oil, Repsol and their joint venture partners to deliver At the same fully engage with Kumul to support planning of the W
Slide 14: The size of the prize – is it worth doing?
The size of the prize – is it worth doing? For personal use only Western LNG (appraised Western Foreland fields) Potential to generate approximately US$20 – 30 billion in total revenues over the life of the project Cumulative after tax cashflow (real) of approximately US$10 billion ~15% IRR (r
Slide 15: Key success factors
Key success factors For personal use only Collaboration between Western Foreland gas licence holders to enable gas aggregation for either Western LNG (Daru) or Western Pipeline (Port Moresby) – this is underway with formation in 2016 of a Joint Working Team (JWT), led by Horizon Oil and Repsol D
Slide 16: For personal use only
For personal use only 28 February 2017 15