Melbana Energy Limited · ASX:MAY
Melbana Energy — 7th Methanol Markets & Tech, 2012
20 slides from Melbana Energy's conference presentation, May 11, 2012
Slide 1: Tassie Shoal Methanol Project
Tassie Shoal Methanol Project 7th Methanol Markets & Tech, 10-11th May 2012 Shanghai, China
Slide 2: MEO Australia Portfolio Overview
MEO Australia Portfolio Overview Australia and South East Asia Focus |||||| BANGKOK THAILAND CAMBODIA ANMAR MANORA G 22 // 44 88 G JASMINE BUALUANG Gulf of Thailand TERIPANG SERUWAY PSC ARUN GURAME LEMURU r SALEM S A L 0 kilometers 25.00 E KUALA LANGSA M North Sumatra Indonesia PNG SS O OUU TT H H M
Slide 3: Strong Partnerships with Global Majors
Strong Partnerships with Global Majors Proven Ability to Attract Major Industry Players Eni (2011) • Farm-in for 50% interest in NT/P68 • Full carry for up to 3 wells and 3D seismic program • Full carry to FID (including appraisal) plus US$75m payment to MEO for additional 25% interest • Potential v
Slide 4: Tassie Shoal Projects
Tassie Shoal Projects Overview • Offshore north west Australia Australia • Methanol: 2 of 1.75MTA plants, built in two stages (TSMP1 & TMSP2) • LNG: 3MTA LNG plant (TSLNG) • Federal & State Government Environmental approvals in place • Major Project Facilitation status 430 hectares with water depth
Slide 5: Tassie Shoal is Centrally Located
Tassie Shoal is Centrally Located A Shallow Water Development Site • Methanol production provides a monetisation path for regional high CO2 resources 5 MEO Australia Limited
Slide 6: Methanol vs LNG Production
Methanol vs LNG Production Higher CO2, Smaller Resources Suit a Methanol Development 1. If a large resource with high CO2, sequestration becomes an option for LNG production. 2. If smaller resource with high CO2, methanol production is an economic 1 alternative 3 3. For mid-size resources 2 with mod
Slide 7: The Case for Methanol
The Case for Methanol Assessment of Economics, Practicality, Diversity • Economics – Huge capex savings vs FLNG (~US$7B) – ~US$2B capex savings vs an onshore methanol plant – New markets for methanol, huge growth potential • Practicality – Avoid CO2 separation issues – Avoid CO2 sequestration/reinje
Slide 8: TSMP Concept a Practical Solution
TSMP Concept a Practical Solution Design Issues with Floating or LNG Only Developments Avoided AVOID CO2 separation issues SMR converts CO2 to methanol AVOID floating vessel motion issues AVOID CO2 offshore reinjection complexities AVOID long pipelines to onshore facilities 8 MEO Australia Limited
Slide 9: TSMP Designed Using Industry Leaders
TSMP Designed Using Industry Leaders Final selections of partners will be made during FEED/EPC 9 MEO Australia Limited
Slide 10: Overall Design Concept
Overall Design Concept Methanol Plants & LNG Plant Accommodation and Control Platform Accommodation and (ACP) Control Platform (ACP) LNG Plant (~3 MTA) Methanol Methanol Plant Plant LNG Plant (1.75 MTA Stage 1 only) (1.75 MTA Stage 1 only) (~3 MTA) MEO 100% LNG Tank (170,000 m3) LNG Tank (170,000 m3
Slide 11: Siting on Tassie Shoal
Siting on Tassie Shoal Preliminary Layout Optimizes use of Shallow Water Site • 14 metre water depth • Shorter pipelines – 275kms closer to regional resources than a Darwin 14m onshore base • Lower construction costs – SE Asian construction and towing to Tassie Shoal • Avoids coastal construction an
Slide 12: TSMP Design uses Proven Technology
TSMP Design uses Proven Technology Davy Process Technology & Concrete Gravity Base Structure Process plant based on Davy Enhanced ‘stick-build’ on deck in + = Process Technology plants casting basin Concrete Gravity Base structure Installed by ballasting in 14m water Transported as a barge
Slide 13: TSMP Topsides Key Features
TSMP Topsides Key Features Davy Process Technology SMR Process • Optimal design to convert high CO2 feed gas to synthesis gas 13 MEO Australia Limited
Slide 14: Accommodation and Control Platform (ACP)
Accommodation and Control Platform (ACP) • Separated from plant and storage • Bridge connection to production/processing plant 14 MEO Australia Limited
Slide 15: TSMP Operations & Logistics
TSMP Operations & Logistics Onshore Base in Darwin, NW Australia • Capital City support facilities • Existing offshore support base, under expansion Darwin, Australia – Logistics support: supply base, supply & crew boats, helicopters • TSMP primarily controlled on-site via Accommodation & Control Pl
Slide 16: TSMP Casting Basin Site Selection
TSMP Casting Basin Site Selection South East Asia Focus • Potential construction sites inspected • Development costs estimated • Key Criteria: – Area – Ground conditions – Channel depth – Fabrication facilities – Workforce skills – Tow distance and risks 16 MEO Australia Limited
Slide 17: Modular Commercial Structure
Modular Commercial Structure Current focus on TSMP1 Upstream JV(s) Midstream JV(s) Downstream Offtaker(s) Methanol SPA(s) Current Focus Area JV or GSA Supply LNG SPA(s) 17 MEO Australia Limited
Slide 18: Commercial Status
Commercial Status • Preliminary discussions held with key methanol market participants • Expressions of Interest received for 8.3MTA methanol offtake from TSMP1 (capacity 1.75MTA) • Forward Plans – Continue exploring synergies between TSMP1 offtake sale to Foundation Buyers and midstream/upstream in
Slide 19: Overall....
Overall…. • Tassie Shoal Methanol Projects have distinct competitive advantages – Uses CO2 in SMR process – Centrally located – Shallow water design reduces costs – Construct in low cost SE Asian location – Environmental Approvals in place • Expansion potential offers benefits for foundation investo
Slide 20: Thank you for your interest
Thank you for your interest For more information ….www.meoaustralia.com.au 20 MEO Australia Limited