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Talisman Malaysia
Increasing Growth Opportunities for Sabah
May 26th, 2014
Content
Core: Asia-Pacific
Generating
Generating free
free cash
cash flow,
flow,
near-term
near-term exploration
exploration potential
potential
Long
Long life
life assets
assets with
with high
high
netbacks
netbacks
Core:
Core: Americas
Americas
Resource
Resource plays
plays provide
provide
long-term
long-term growth
growth
Colombia
Colombia exploration
exploration and
and
development
development underway
underway
Other
Other areas
areas considering
considering all
all
options
options
UK
UK Sinopec
Sinopec deal
deal lowers
lowers exposure
exposure
Norway
Norway sales
sales process
process underway
underway
Kurdistan
Kurdistan Kurdamir
Kurdamir and
and Topkhana
Topkhana
appraisal
appraisal ongoing
ongoing
www.talisman-energy.com
Vietnam
Vietnam
HST/HSD
HST/HSD
Vietnam
Vietnam
Nam
Nam Con
Con Son
Son
Malay
Malay Basin
Basin
Sabah Basin
Tangguh
Tangguh
Papua
New Guinea
South
South Sumatra
Sumatra
Kitan/LamCor
Kitan/LamCor
Core areas
Additional Assets
Exploration
500
1,000
Km
1,500
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Vietnam
Malaysia
PM-3 CAA (41% WI)
Unique cross-border development
Supplying gas to two nations
Talismans largest operated asset
Finalizing PSC extension
Sabah
Peninsular
Malaysia
Sarawak
www.talisman-energy.com
Sabah
New Core Area anchored by Kinabalu
Kinabalu is a secure base with upside
recovery opportunities
Significant acreage in a prolific and
proven hydrocarbon province
Extensive infrastructure enhances
exploration monetization opportunities
for oil and gas
Potential Synergies with other
operators to optimise operation and
Development Plans
www.talisman-energy.com
Samarang Complex
(PCSB*)
KNAG
(PCSB)
28 km SW of Samarang
Kinabalu KNDP-A
2 km SE of KNAG
Field Water Depth: 56 m
Labuan
LCOT (SHELL)
www.talisman-energy.com
Improve the
HSE
Performance
Improve Field
Reliability
Existing Platform
Debottlenecking
Project to be
completed in Q4
2014.
LP Separator
New Platform
New Facilities
Additional Infill
Drilling
Secondary Oil
Recovery
Well
interventions
Six Infill wells
approved
Double Field
Production
within one year
Exploration
Success
Potential
Synergies with
PETRONAS
Carigali in Sabah
KN 114st
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DESIGN
CONSTRUCT
OPERATE
Decommission
Management of Change
INSPECT
MAINTAIN
VERIFY
EMERGENCY
RESPONSE
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Facilities Debottlenecking
Ready for Future Growth
Facilities Debottlenecking
Initial Infill Drilling programme and well
interventions increasing fluids throughput
Restrictions in liquid export rates
Preparation for additional offtake rates
once the full field redevelopment project is
implemented
10
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Field Rejuvenation
Maximising use of Existing Slots
Well 4
Well 3
Well 5
Well 2
#3
#4
#5
Well 6
#1
#2
Well 1
#6
11
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Field Rejuvenation
Drilling Performance to date
12
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Kinabalu Redevelopment
Maximising Recovery Factor
13
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Kinabalu Redevelopment
Selected Concept Overview
Two Stage Development
Secondary Recovery Implementation
Increase field recovery factor to ~ 40%
Stage 1
(Early Production)
Installation of a 20
slot wellhead
platform (WHP)
bridge linked to
KNDP-A.
Maximum Use of
Existing KNDP-A
Scope
Estimated
1st Oil
4Q 2016
Stage 2
(Full Production)
Installation of a new CPP
bridge linked to the new
WHP
Gas Compression & Water
Injection
4Q 2017
(Estimated 1st Injection)
14
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Exploration Portfolio
SB310 & SB309 Prospects and Leads
15
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KNNAG accommodation
Helicopter Sharing
Marine Vessels
Spare Sharing
Subsurface Data Sharing
5 Year Integrated Plans
Warehousing
16
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Our Themes
Education
Health
Environment
17
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Thank
You
NYSE : TLM | TSX : TLM
18
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