Horizon Oil Limited · ASX:HZN
Horizon Oil — Southeast Asia Australia Offshore & Onshore Conference (SEAAOC) 2017
16 slides from Horizon Oil's conference presentation, Aug 17, 2017
Slide 1: SEAAOC 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 17 August 2017 For personal use only The Manager, Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 HOR
Slide 2: Western LNG – developing gas in Papua New Guinea's foreland
For personal use only HORIZON OIL LIMITED / ABN 51 009 799 455 Western LNG – developing gas in Papua New Guinea’s foreland Brent Emmett CEO Key players in the region –Projects & Initiatives 17 August 2017 SEAAOC Southeast Asia Australia Offshore & Onshore Conference
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 • Papua New Guinea’s LNG landscape • Appraised western foreland fields – gas and condensate ownership • Western LNG development schematic • Development concept selection • Project area terrain • Floating LNG facility • Asian LNG demand forecast and target m
Slide 5: Papua New Guinea's LNG landscape
Papua New Guinea’s LNG landscape For personal use only • PNG is a pro development jurisdiction with stable petroleum fiscal regime • Rich mineral and petroleum province with a history of successful large scale resource projects delivery eg. PNG LNG • Jurisdiction well supported by the international
Slide 6: Appraised western foreland fields to be aggregated for Western LNG
Appraised western foreland fields to be aggregated for Western LNG For personal use only • Significant gas resource discovered and appraised in uncomplicated structures, with highly productive sandstone reservoirs • High level of condensate and LPG contained in the gas • Relatively easy surface acce
Slide 7: Appraised western foreland fields – resources build-up and ownership
Appraised western foreland fields – resources build‐up and ownership For personal use only Appraised western foreland fields Operators: Horizon Oil, Repsol 2C resource: 2.0 – 2.5 tcf gas 60 – 70 mmbbl condensate Participants’ share of boe Note: Resource data are Horizon Oil estimates based on public
Slide 8: Western LNG development scheme
Western LNG development scheme For personal use only SEAAOC Presentation August 2017 7
Slide 9: Development scheme selection
Development scheme selection For personal use only Criteria: Selections: • Stand alone development, right‐sized for • LNG project scale appraised resource base – 1.5 mtpa sales capacity – 150,000 cu m market parcels • Concept with lowest risk and complexity: – Minimum 15 years production plateau • C
Slide 10: Ok Tedi mine to Kiunga port, via Stanley plant site
Ok Tedi mine to Kiunga port, via Stanley plant site For personal use only All weather road – Tabubil Stanley site adjacent to to Kiunga Tabubil to Kiunga road Ok Tedi plant at Kiunga port on Fly River SEAAOC Presentation August 2017 9
Slide 11: Drimdenasuk lay down area to Elevala site and on to Daru Island
Drimdenasuk lay down area to Elevala site – and on to Daru Island For personal use only Drimdenasuk lay down area Track from Drimdenasuk to on Fly River Elevala plant site Daru Island port with Bobo Island in background SEAAOC Presentation August 2017 10
Slide 12: WLNG FLNG new-build concept
WLNG FLNG new‐build concept For personal use only Plant capacity 1.5 mtpa sales (260 mmscfd gas feed rate) Gas pre‐treatment Acid gas removal (MDEA), dehydration and mercury removal Liquefaction Several options, including SMR, DMR and N2 expander process Indirect sea water cooling N2 rejection integ
Slide 13: LNG demand forecast in target areas
LNG demand forecast in target areas For personal use only Source: WoodMac, LNG Tool, Q2 2017 dataset Note: Stylised projections based on underlying annual forecasts SEAAOC Presentation August 2017 12
Slide 14: LNG demand target areas – Indonesian Archipelago, South China Sea Rim, China, India
LNG demand target areas – Indonesian Archipelago, South China Sea Rim, China, India For personal use only • Strong increase in demand forecast in emerging Asian economies • Many new entrants seeking to import LNG to: ̶ Offset decline in domestic gas supply ̶ Displace liquid fuel for power generation
Slide 15: Western LNG – key points
Western LNG – key points For personal use only • 520 km gas and condensate pipelines will connect western foreland fields, containing appraised resources of 2.0 ‐ 2.5 tcf gas and 60 ‐ 70 million barrels of condensate, to a 1.5 mtpa (sales capacity) floating liquefaction facility to be located offsho
Slide 16: For more information please contact
For personal use only For more information please contact: Horizon Oil Limited T: +61 2 9332 5000 Level 6, 134 William St Brent Emmett Chief Executive Officer F: +61 2 9332 5050 Woolloomooloo NSW 2011 E: info@horizonoil.com.au horizonoil.com.au Media enquiries Gavan Collery M: +61 419 372 210 Resour
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