Talisman in Sabah
3rd SOGCE, 26th & 27th May 2014
Talisman in Sabah
3rd SOGCE, 26th & 27th May 2014
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TALISMAN GLOBAL OPERATIONS WITH 2 CORE AREAS
• 2014 production guidance: 350 - 365 mboe/d– Talisman 2 core regions (Americas and Asia
Pacific) expected to contribute 90% of production
• 2014 capital expenditure is expected to be approximately $3.2 billion
– Over 70% of expected 2014 capital spending will be invested in the Americas and Asia-Pacific
AMERICAASIA PACIFIC
Safer, Better, Faster & at a Lower Cost
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ASIA-PACIFIC – CORE AREAS WITH EXCITING GROWTH OPTIONS
Core areas
Additional Assets
Exploration
South Sumatra
Malay Basin
Sabah Basin
Papua New Guinea
Tangguh
0 500 1,000 1,500Km
Kitan/LamCor
VietnamNam Con Son
VietnamHST/HSD
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TALISMAN MALAYSIA OPERATION
SabahAn exciting new growth area
KinabaluPSC signed May 2012
Exploration SB309 & SB3103D seismic and multi-well programme
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Sabah: Oil infrastructure and emerging Gas market
Bintulu (Sarawak)Malaysia LNG Sdn.Bhd.(MLNG)
Malaysia
Malaysia
Indonesia
Brunei
Indonesia
TuaranSabah Gas Terminal (SBGAST)
Labuan IslandLabuan Crude Oil Terminal (LCOT)
KimanisSabah Oil and Gas Terminal (SOGT)
Sabah Sarawak Gas Pipeline(SSGP)
Existing Facility
New Project (Onshore)SB 309 & SB310
Summary:Established Hydrocarbon provinceExploration for Light Oil & Wet Gas Shallow waterInfrastructure acquisition optionsEmerging Gas market (>4 USD / mcf)
KEY
KINABALU
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Sabah: 2H2013 / 1H2014 – A transformative time
Summary:Active Exploration/ Development/ Production Greater Sabah Area
KEY
Sabah-Sarawak Gas pipeline operational
30% of Murphy Malaysia for sale
Shell’s Gumusut EPS working. FPSO not fully operational
Shell & Total continue seismic & drilling in
similar plays in Brunei
Shell/Conoco identify 136m oil
column in Limbayong during
appraisal
Petronas appraise Nosong
Petronas Carigali oil discovery at Wakid
Petronas Vestigo awarded small fields
Champion complex
Kebabangan (KPOC ) online in 2014 ~500
mmscf/day
Siakap Development
PCSB Rotan FLNG FID
KNAG operational at 150 mmscf/day
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Block: SB1 Kinabalu
Cum. Oil Production @1/1/14 = 97 MMstb
20 Development Wells (20 active strings)
New 2012 Kinabalu Oil PSC
− First PSC handover to operator other
than PETRONAS Carigali
− First progressive volume PSC to
encourage brownfield redevelopment
− First infill well : 9 months following
transfer of operatorship
− Redevelopment project, Select to
Define : 10 months following transfer
of operatorship
Kinabalu – Location Map Kinabalu – Block Details
LabuanLCOT (SHELL)
Samarang Complex (PCSB*)
Kinabalu KNDP-A
KNAG(PCSB)
2012 Kinabalu Oil PSC Overview
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SB-310 -100% WI, 70% EI• Partners: TML (70%), PCSB
(30%)• PSC Signed; Effective Date
- 26th October 2009• Expiry: 25th Oct 2015• Exploration period: 6 years• Current Activities:
Exploration
SB-309 -100% WI, 70% EI• Partners: TML (70%), PCSB
(30%)• PSC Signed; Effective Date
- 26th October 2009• Expiry: 25th Oct 2015• Exploration period: 6 years• Current Activities:
Exploration
Sabah SB310 & SB309: PSC Overview
Kinabalu Field5 Wells
3 Wells
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Kinabalu Redevelopment Objectives
To add 25.9 MMstb @ 1/1/32 to the oil proved developed reserves and achieve a RF of ~ 40 %
To achieve first oil by Q3 2016 and increase oil production to ~ 20,000 bopd rate.
To potentially process hydrocarbons from TML nearby Exploration
Kinabalu Area Exploration Prospects
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Laying the Sabah Foundation
UMS Scholarships 6 scholarships to be given in 2014
INSTEP Kimanis Scholarships In the planning stage
35 Sabahans already in TML 14 in the Kinabalu team
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Building a Technical & Operational Presence
KL Based Reservoir Engineer G&G Graduate Mechanical Engineer
KK Based Piping Engineer
Labuan Based Senior Offshore roles
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Energizing Our Future
Experience /Engagement
Experience /Engagement
Compelling CV & Cover Letter
Compelling CV & Cover Letter
Soft Skills - The X Factor
Soft Skills - The X Factor
Basic Knowledge – Industry/Job
Basic Knowledge – Industry/Job
Strong academic & co-curricular credentials
Strong academic & co-curricular credentials
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Learn More About Us:
• http://www.talisman-energy.com