Slide 1: Two LNG Projects - Ichthys and Abadi
Two LNG Projects ‐ Ichthys and Abadi May 12, 2011 Ichthys LNG Project
Slide 2: Ichthys Project Location; Extent of Ichthys Field
Ichthys Project Location Abadi WA‐285‐P Ichthys Field WA‐285‐P/WA‐37‐R Ichthys Field & Adjacent Area 3 Extent of Ichthys Field 4
Slide 3: Brief Summary of Permit; Exploration History
Brief Summary of Permit Permit Holders: INPEX Browse, Ltd. (76%) TOTAL E&P Australia (24%) Exploration Term : Initial grant for WA‐285P in 1998. Renewal for 2nd term, 5 years from July 8, 2010. Retention Lease (WA‐37R): 5 years from September 21, 2009. Currently working towards obtaining Produ
Slide 4: Outline for Development Concept; Overall Development Image
Outline for Development Concept LNG Production: 8.4 million ton per year Condensate Production: approx. 100,000 barrel per day(Peak Rate) LPG Production: 1.6 million ton per year Subsea Production Wells: 30 wells at Brewster, 20 wells at Plover Reservoir Depth: approx. 3,900m ‐ 4,600m Su
Slide 5: Offshore Facility Layout; Subsea Well and Infield Flowlines
Offshore Facility Layout 9 Subsea Well and Infield Flowlines 10
Slide 6: CPF/FPSO; Gas Export Pipeline
CPF/FPSO ・ Hull size approx. 110m x110m. One of the biggest in the world similar size to GOM Thunder Horse. ・Living Quarters (150 personnel capacity) will be installed on South side ・Flexible Riser will be installed on North side. ・Approx. 330m x 56m ・Liquid from CPF will be transferred through Turr
Slide 7: LNG Plant Site Location
LNG Plant Site Location Decided Onshore LNG Plant Site at Darwin – Announcement was issued at Darwin date on September 26, 2008 – Messrs. Martin Ferguson, Australian Resources Minister and Paul Henderson, Chief Minister NT attended 13 LNG Plant Site Location 14
Slide 8: LNG Plant Layout; Module Offloading Facility
LNG Plant Layout 15 Module Offloading Facility Image 16
Slide 9: GHG (Greenhouse Gas) Management
GHG (Greenhouse Gas) Management (1) Situation in Australia ‐ Carbon Capture and Storage (CCS) Law (Offshore Petroleum Amendment (Greenhouse Gas Storage)) became effective in November 2008 ‐ CCS acreages released in March 2009 ‐ Carbon Pollution Reduction Scheme (CPRS: emissions trading scheme) bil
Slide 10: Contribution to Local Community; Development Schedule
Contribution to Local Community Djarindjin Signing Ceremony (April 2009) Larrakia Trade Training Centre Opening Ceremony (April 2011) 19 Fred’s Pass Rural Show (May 2009) Larrakia Trade Training Centre Development Schedule Submission of FID First LNG Application of additional Environmental informati
Slide 11: Project Organization Chart; LNG Market
Project Organization Chart 24% 76% WA-285-P INPEX Browse, Ltd. TOTAL E&P Australia Joint Venture (Operator) Tokyo Head Office Ichthys Project Committee Executive Management Perth Ichthys Project Project Offshore Onshore New venture Corporate Commercial Coordination Technical Technical & Exploration
Slide 12: Condensate Market; LPG Market
Condensate Market Market: – Condensate production of 3.18 million barrels per day (2011E) and condensate splitter capacity of 1.66 million barrels per day in the entire Asian region (2011E) – Condensate production of 99 thousand barrels per day (2011E) and condensate splitter capacity of 0.67 mill
Slide 13: Taxation Scheme in Australia for Ichthys Project; Ichthys Project History
Taxation Scheme in Australia for Ichthys Project ※The content may be changed Sales ⇒（Oil/Gas sales price）×（Sales volume） ・・・・・・・・・・・① ⇒OPEX incurred in relevant years（+Exploration cost）+CAPEX depreciation ・・・・・・・・・・② Operating expense ・Depreciation ⇒ Diminishing balance Method (effective life: 15 ye
Slide 14: Abadi LNG Project
Abadi LNG Project Masela PSC Block Kai Banda Banda Sea Sea Islands Aru 0 200km Islands Tanimbar Islands Saumlaki Indonesia Masela PSC Masela Is Block Dili East Timor Timor Abadi Greater Sunrise Evans Shoal Barossa Kitan Caldita Arafura Sea Kupang Evans Shoal South Elang-Kakatua Australia BayuｰUndan
Slide 15: Abadi Gas Field (1); Abadi Gas Field (2)
Abadi Gas Field (1) Abadi Gas/Condensate Field - Water Depth: 400 ‐ 800m - Reservoir Depth: 3,700 ‐ 3,900m - Areal closure: more than 1,000km2 Discovered gas and condensate in Abadi‐1 exploration well in 2000 Drilled 6 additional appraisal wells, and confirmed the extension of gas and condensa
Slide 16: Production Sharing Contract; Plan of Development (POD-1)
Production Sharing Contract Contractor: INPEX Masela, Ltd. (90%) PT EMP Energi Indonesia (10%) Effective Date: November 16, 1998 Contract Period: 30 years Exploration Period: 10 years (proceed to Development and Production Period in case of commercial discovery) Contract Area : 3,221.3km2
Slide 17: Development Concept; Development Schedule
Development Concept Development Facilities Development Scheme : Subsea Production System + Floating LNG Development Well : Max 6 production wells (Directional Wells from 1 Drilling Center) Floating LNG : Loading LNG Plant, LNG Storage Tank, and Loading facility on conventional FPSO Flare Stack Accom
Slide 18: Abadi Project History; Current Status of FLNG by Other Companies
Abadi Project History 35 Current Status of FLNG(LNG‐FPSO) undertaken by other Companies Shell: LNG-FPSO (3.5 MMTPA) – Signed a master agreement with Technip/Samsung consortium for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period o