Horizon Oil Limited · ASX:HZN
Horizon Oil — Papua New Guinea Investment Conference 2017
13 slides from Horizon Oil's conference presentation, Sep 7, 2017
Slide 1: ASX cover letter: PNG Investment Conference presentation
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 7 September 2017 For personal use only The Manager, Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 H
Slide 2: Developing Gas in Papua New Guinea's Western Province
For personal use only HORIZON OIL LIMITED / ABN 51 009 799 455 Developing Gas in Papua New Guinea’s Western Province Brent Emmett CEO Papua New Guinea Investment Conference 7 & 8 September 2017
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 key points
Presentation key points For personal use only • Where Western LNG sits in the Papua New Guinea LNG landscape • Western Province hosts a large gas and condensate resource, well‐defined by seismic, appraisal drilling and testing • Planning for an uncomplicated, low‐risk 1.5 mtpa LNG development and ex
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 e.g. 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 – resource distribution and ownership
Appraised western foreland fields – resource distribution and ownership For personal use only • Horizon Oil and Repsol have a combined interest of 70% of the total resource and operate all the fields , which will facilitate aggregation • Contingent resource (2C) : 2.0 – 2.5 tcf gas 60 – 70 mmbbl con
Slide 8: Western LNG development scheme
Western LNG development scheme For personal use only • Gas for the domestic PNG market available at multiple locations • LNG, condensate and LPG available for PNG‐based customers at liquefaction facility PNG Investment Conference Sept 2017 7
Slide 9: Development scheme selection criteria
Development scheme selection criteria For personal use only • Standalone development – 1.5 mtpa right‐sized for appraised resource base • Simple concept with lowest technical and execution risk • Maximum use of standard, proven technology • System uptime consistent with global LNG projects (90‐95%)
Slide 10: WLNG well-placed to supply emerging demand areas
WLNG well‐placed to supply emerging demand areas – Indonesia, South China Sea Rim, China, India For personal use only • Strong increase in demand forecast in emerging Asian economies, pointing to supply shortfalls from 2023 • Many new entrants seeking to import LNG to: ̶ Offset decline in domestic g
Slide 11: Benefits – to landowners, communities and the State
Benefits – to landowners, communities and the State For personal use only • Creates long term employment and economic development opportunities in Western Province • Powerful generator of tax revenue and export income for 20+ year project life and will reduce reliance on hard currency‐funded imports
Slide 12: Horizon Oil's health and community initiatives
Horizon Oil’s health and community initiatives For personal use only Water and sanitation Remote area health patrols Vocational training and life skills Case based training for rural health workers Our partners Community health education PNG Investment Conference Sept 2017 11
Slide 13: 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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