Provaris Energy Ltd · ASX:PV1
Provaris Energy — Gas & LNG Middle East Summit Oman 2018
20 slides from Provaris Energy's conference presentation, Oct 29, 2018
Slide 1: Gas & LNG Middle East Summit | Oman 2018
GAS & LNG MIDDLE EAST SUMMIT | OMAN 2018
Slide 2: Disclaimer
DISCLAIMER AUSTRALIA AND ALL JURISTICTIONS The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Global Energy Ventures Ltd (GEV) (ASX:GEV) or to retain or sell any securities currently being held . This presentation does not take into acco
Slide 3: Freeze or Squeeze
FREEZE OR SQUEEZE LIQUEFIED COMPRESSED LNG CNG -162°C 30°C 1 atm 3,600psi 600:1 300:1 1 scf 2 scf PAGE | 3
Slide 4: Evolution of the CNG Ship
EVOLUTION OF THE CNG SHIP EARLY DESIGNS Columbia Gas Bottle –Ship 1965 1995 Steel and design factors of the 60’s Increased gas volume to steel ratio Too many connections High-strength steel Very limited economic range Too many connections Limited economic range Early CNG ship designs were constraine
Slide 5: Evolution of the CNG Ship: Coselle Design
EVOLUTION OF THE CNG SHIP COSELLE DESIGN (1998) Reduced connections using large coils of small diameter pipe Modest economic range The Coselle design achieved American Bureau of Shipping “Full Design” Approval. The design: Showed the merits of long coiled lengths of pipe to minimize the number of co
Slide 6: The Evolution of CNG Ship Design
THE EVOLUTION OF CNG SHIP DESIGN CNG OPTIMUM CNG SHIP 184.7m Length 16.8m Moulded Depth 31.3m Moulded Breadth 9.2m Full Load Draft 45,600 t Displacement OPTMUM STORAGE SYSTEM 200 MMscf Loaded Gas Volume 3,600 psi Operating Pressure X80 Steel Pipe Grade 500mm (20”) Pipe Diameter SAILING PARAMETERS PA
Slide 7: A Step Change in Marine CNG Economics
A STEP CHANGE IN MARINE CNG ECONOMICS BOTTLE SHIP JAYANTI BARUNA LAUNCHED 2016, FOR USE IN INDONESIA 25 MMscf 110m COSELLE DESIGN 200 MMscf 221m CNG OPTIMUM DESIGN 8 x “Jayanti Baruna” Capacity PAGE | 7 200 MMscf 184m
Slide 8: Advantages of CNG Optimum
ADVANTAGES OF CNG OPTIMUM Ideal for regional distances (< 2,500km) - highly competitive marine transport solution Flexibility to deliver gas from volumes of 50 to 400 MMscf/d KEY Compression requires significantly less capex than liquefaction PARAMETERS Requires small to medium gas reserves (< 1.0 T
Slide 9: Proprietary CNG Optimum Ship Design
PROPRIETARY CNG OPTIMUM SHIP DESIGN Next generation of Marine CNG storage leveraging over two decades of R&D and an expenditure in excess of US$50M CNG containment system is high-strength, hexagonally arranged carbon steel pipes running the entire length of the ship’s cargo hold (no transverse bulkh
Slide 10: ABS Full Class Approvals
ABS FULL CLASS APPROVALS Final safety and design approvals by the American Bureau of Shipping (ABS) in progress ABS has confirmed 2 out of 3 major tests successfully completed, with ABS “Full Class” approvals to be achieved shortly Test 1: High pressure testing of the CNG Optimum pipe successfully c
Slide 11: Scope of Work
SCOPE OF WORK A “PIPELINE TO PIPELINE” SOLUTION CNG Export Terminal CNG Import Terminal Gas Metering, Compression Facilities & CNG Unloading Jetty, Scavenging Facilities Pipeline to CNG Loading Jetty & Pipeline to Customer Gas Gas Supply Sales >10.5m PAGE | 11
Slide 12: CNG Value Chain
CNG VALUE CHAIN PIPE TO PIPE Compression & Transportation Gas Supply US$ [CNG] Gas Sales A single tariff to transport natural gas from “Pipe to Pipe” Liquefaction Plant Transportation Re-gas Facilities Gas Supply US$ [liquefy] US$ [𝑠hip] US$ [regas] Gas Sales PAGE | 12 The LNG value chain consists…
Slide 13: Developing a Global CNG Project Portfolio
DEVELOPING A GLOBAL CNG PROJECT PORTFOLIO PAGE | 13 DESIGN ONE | BUILD MANY | OPERATE GLOBALLY
Slide 14: Heads of Agreement with Twinza Oil to Export CNG
HEADS OF AGREEMENT WITH TWINZA OIL TO EXPORT CNG HOA EXECUTED WITH TWINZA OIL TO EVALUATE THE CNG TRANSPORT OF PNG OFFSHORE GAS TO THE EAST COAST OF AUSTRALIA, SUPPLY OF 100MMSCF/DAY OF CNG (EQUIVALENT TO 0.7MTPA OF LNG) HOA signed with Twinza Oil Limited in August 2018 to undertake a joint study on
Slide 15: Pasca A CNG Project
PASCA A CNG PROJECT GAS SOURCE: Pasca A field, Gulf of Papua, PNG GAS VOLUMES: 100 MMscf/day (~0.7 Mtpa LNG equivalent) TERM: 10 years PASCA A PASCA A CONTRACT PRICE: Dependent on delivery location OPTIMUM 200 SHIPS: Up to 4 1000 nm SHIPPING DISTANCE: Up to 2,000 km FRONT END ENG. & DESIGN: Q4 2018
Slide 16: HOA with Indian Oil Corp for Purchase of CNG
HOA WITH INDIAN OIL CORP FOR PURCHASE OF CNG HEADS OF AGREEMENT WITH INDIA OIL CORPORATION LIMITED FOR THE SUPPLY UP TO 220 MMSCF/D OF IMPORTED CNG FOR 20YRS (EQUIVALENT TO 1.5MTPA OF LNG) Under the Heads of Agreement, parties will commence negotiations for a binding Gas Sale Agreement for 20yrs, st
Slide 17: Middle East Gas Supply to India
MIDDLE EAST GAS SUPPLY TO INDIA GAS SOURCE: Middle East Region GAS VOLUMES: Up to 220 MMscf/d (1.5Mtpa LNG equivalent) 75 MMscf/d (Start up phase) TERM: 20 years GULF OF KUTCH DEHAJ PORT CONTRACT PRICE: Linked to Brent Crude OPTIMUM 200 SHIPS: Up to 6 ships TARGET FID: Mid 2019 FIRST GAS: Early 2022
Slide 18: Oman to India
OMAN TO INDIA Mundra, India Qalhat CNG Import Terminal CNG Export Dahej, India Terminal ~ 600 to 800 nautical miles Duqm CNG Export Terminal Duqm, Oman PAGE | 18 GEV UNDERSTANDS THAT ANY GAS EXPORT OPPORTUNITY NEEDS TO BE BALANCED WITH MAXIMISING JOB CREATION WITHIN OMAN
Slide 19: Future Outlook for CNG
FUTURE OUTLOOK FOR CNG CNG OPTIMUM 200 SHIP Obtain ABS “Full Design” Approval Select Preferred Shipyards FIRST PROJECT TO COMMERCIALISE CNG Commence CNG Optimum ship construction in 2019 First CNG Optimum ship in service by early 2022 EXPANDING CNG APPLICATIONS Global implementation of CNG as a viab
Slide 20: Maurice Brand and Garry Triglavcanin contact details
Maurice Brand Garry Triglavcanin Chairman & CEO Executive Director 📞 +61 8 9322 6955 📞 +61 8 9322 6955 📱 +61 417 194 678 📱 +61 438 882 151 📥 mbrand@gev.com 📥 gt@gev.com
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