Asia and the northern Australia opportunity
John Anderson
Vice President Asia Pacific, WA & NT
PNG LNG, near Port Moresby
Disclaimer and
important notice
This presentation contains forward looking statements that are subject to risk factors ass...
Norm Dixon, Delhi Camp Manager, at Gidgealpa-2 the site of the first hydrocarbon discovery in the Cooper Basin, February 1...
Santos Strategy Our vision is to be a leading energy
company in Australia and Asia
4 |
Otway
Phu Khanh
Nam Con Son
South S...
0
10
20
30
40
2005 2010 2015 2020 2025 2030
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2005 2010 2015 2020 2025 2030
0
10
20
30
40
2005 2010 2015 2020 ...
-
50
100
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250
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350
400
450
2010 2015 2020 2025 2030
Strong Asian demand for
LNG
Large opportunity exists for new...
0
50
100
150
200
250
300
350
2000 2005 2010 2015 2020 2025
Nov 2009
Nov 2013
Nov 2010
Nov 2011
Nov 2012
Asia Pacific LNG d...
%
China’s gas consumption Security of supply increasingly important as China’s
gas imports increase to meet rapid demand g...
0
50
100
2010 2015 2020 2025 2030
mtpa
Australia
Other Pacific
Middle East
Atlantic
Chinese LNG estimates China to become ...
Source: Wood Mackenzie, May 2014
2014
24
2012 20132011 2015
US$17b
20172016
7
LNG plant CAPEX for already
sanctioned Austr...
11 |
On the road to becoming a significant exporter of LNGSantos’ strong resource
position, existing and
under development...
Northern Australia A Growth Opportunity
Barossa-Caldita
Three well appraisal campaign underway
with first well completed a...
Asia Pacific Business Unit Fourth largest Independent Oil Company in Asia
Source: Wood Mackenzie
0
10
20
30
40
50
60
Murph...
Asia Pacific Business Unit An overview of production and exploration activities
across Asia Pacific
Northwest Natuna PSC
(...
15 |
Existing infrastructure can support potential future
expansion
PNG LNG potential
expansion
SANTOS SEAAOC 201415 |
LNG...
Asia and the northern Australia opportunity
Thank you
Jack Bates, Lasseter, Browse Basin
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John Anderson - Santos - Asia and the northern Australia opportunity

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John Anderson delivered the presentation at the 2014 South East Asia Australia Offshore and Onshore Conference (SEAAOC).

SEAAOC is Northern Australia's largest and longest established petroleum conference and brings together major players involved within Australasia's oil, gas and petroleum industries. The event is run as a partnership between Informa Australia and the Department of the Chief Minister - Northern Territory Government of Australia.

For more information about the event, please visit: http://bit.ly/SEAAOC2014

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Transcript of "John Anderson - Santos - Asia and the northern Australia opportunity"

  1. 1. Asia and the northern Australia opportunity John Anderson Vice President Asia Pacific, WA & NT PNG LNG, near Port Moresby
  2. 2. Disclaimer and important notice This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates. All references to dollars, cents or $ in this document are to Australian currency, unless otherwise stated. All references to project completion percentages are on a value of work done basis, unless otherwise stated. 2 | SANTOS SEAAOC 2014
  3. 3. Norm Dixon, Delhi Camp Manager, at Gidgealpa-2 the site of the first hydrocarbon discovery in the Cooper Basin, February 1964 In the beginning… Santos has a proud history of oil & gas exploration which started 60 years ago in Central Australia SANTOS SEAAOC 20143 |
  4. 4. Santos Strategy Our vision is to be a leading energy company in Australia and Asia 4 | Otway Phu Khanh Nam Con Son South Sumatra Papuan Carnarvon Browse Timor Sea Bonaparte Amadeus Cooper Surat/Bowen Gippsland Narrabri East Java Bay of Bengal McArthur Santos assets by basin West Natuna Ceduna Growing our strong domestic base business Delivering our transformational LNG portfolio Building a focused, exploration-led portfolio SANTOS SEAAOC 2014
  5. 5. 0 10 20 30 40 2005 2010 2015 2020 2025 2030 0 10 20 30 40 2005 2010 2015 2020 2025 2030 0 10 20 30 40 2005 2010 2015 2020 2025 2030 Gas and LNG demand growth Asia’s appetite for gas grows with LNG meeting over half of gas demand by 2030 5 | Source: EIA; Wood Mackenzie, Contracted LNG represents supply volumes from operating, under construction and planned projects North America OECD Europe Asia Pacifictcf Local production + pipeline imports x% Gas CAGR 2005-30 4.1% 1.3% 0.5% Contracted LNG 5 | SANTOS SEAAOC 2014 Indigenous/PipelineLNG
  6. 6. - 50 100 150 200 250 300 350 400 450 2010 2015 2020 2025 2030 Strong Asian demand for LNG Large opportunity exists for new projects to supply into the Asian market SANTOS SEAAOC 20146 | Source: Wood Mackenzie, LNG supply represents contracted volumes sold into Asia Pacific from global operating and under construction projects. mtpa 127 mtpa 217 mtpa Contracted Asian LNG supply Asia leads global LNG demand with LNG forecast to meet over 50% of Asia’s gas needs − Asian LNG demand grows at CAGR of 5.5% − By 2030, over 71% of global LNG demand comes from Asia Large opportunity for new LNG supply − Over 127 mtpa of uncontracted demand by 2025 (~ 32 new LNG trains) − Over 217 mtpa of uncontracted demand by 2030 (~ 54 new LNG trains) Asian LNG supply and demand
  7. 7. 0 50 100 150 200 250 300 350 2000 2005 2010 2015 2020 2025 Nov 2009 Nov 2013 Nov 2010 Nov 2011 Nov 2012 Asia Pacific LNG demand Pacific basin LNG demand estimates: multiple upward revisions mtpa 7 | Source: Wood Mackenzie
  8. 8. % China’s gas consumption Security of supply increasingly important as China’s gas imports increase to meet rapid demand growth 8 | 4 21 2010 2030 China’s Gas Demand (2010-2030) tcf Source: Wood Mackenzie 1 8 2010 2030 China’s Gas Imports (2010-2030) tcf CAGR 2010-30 SANTOS SEAAOC 2014 9% 15%
  9. 9. 0 50 100 2010 2015 2020 2025 2030 mtpa Australia Other Pacific Middle East Atlantic Chinese LNG estimates China to become world’s second largest LNG buyer by 2017 9 | Contracted China LNG Supply LNG Demand by Country Source: Wood Mackenzie, Contracted LNG represents supply volumes from operating, under construction and planned projects LNG supply/demand estimates SANTOS SEAAOC 2014 Uncontracted demand
  10. 10. Source: Wood Mackenzie, May 2014 2014 24 2012 20132011 2015 US$17b 20172016 7 LNG plant CAPEX for already sanctioned Australian LNG projects (US$b) Cost pressures should abate from 2015 onwardsAustralian LNG costs SANTOS SEAAOC 201410 |
  11. 11. 11 | On the road to becoming a significant exporter of LNGSantos’ strong resource position, existing and under development SANTOS SEAAOC 201411 | Darwin LNG First LNG in 2006, over 400 cargoes delivered PNG LNG First LNG cargo May 2014 GLNG First LNG in 2015
  12. 12. Northern Australia A Growth Opportunity Barossa-Caldita Three well appraisal campaign underway with first well completed and next well to spud in 4Q 14 Bayu Undan Phase 3 offshore expansion programme underway with drilling to commence in 4Q 14 Darwin LNG Continues excellent performance with major shutdown in 3Q 14 and work being progressed to investigate backfill options Greater Crown Major discovery in 2012 with assessment of development options underway Lasseter Exploration well adjacent to the Greater Crown structure Petrel-Tern Assessment of concept alternatives underway NT/P84 New exploration block awarded with potential for multi-tcf structures SANTOS SEAAOC 201412 |
  13. 13. Asia Pacific Business Unit Fourth largest Independent Oil Company in Asia Source: Wood Mackenzie 0 10 20 30 40 50 60 Murphy Talisman Hess Santos Premier Husky OilSearch Mubadala Niko SOCO Anadarko Noble KrisEnergy 2014Entitlementproduction(mmboe) 13 |
  14. 14. Asia Pacific Business Unit An overview of production and exploration activities across Asia Pacific Northwest Natuna PSC (Indonesia) Recently acquired PSC containing the Ande-Ande Lumut oil field Block 123 (Vietnam) Exploration drilling likely in 2016 Sampang and Madura Offshore (Indonesia)  3 producing fields (Wortel, Maleo and Oyong)  Peluang gas field successfully delivered in March 2014 Indian blocks 2 PSCs currently in Force Majeure SS-11 (Bangladesh) Seismic campaign in 2015 Block 12W (Vietnam)  Producing Chim Sao field  Successful tie-back of Dua oil field in July 2014 PNG LNG 13.5% partner in foundation project Warim PSC (Indonesia) Data acquisition planning underway by operator PNG Forelands Recently concluded exploration campaign with plans for further drilling in 2015-16 PNG Gulf Successfully awarded minority interest in PRL 38 containing the Pandora discovery SANTOS SEAAOC 201414 |
  15. 15. 15 | Existing infrastructure can support potential future expansion PNG LNG potential expansion SANTOS SEAAOC 201415 | LNG production began ahead of schedule from the first LNG train in April and second train in May Multiple options for potential expansion: Hides 3P potential within base project Hides Deep (Santos 24%) Exploration prospect beneath the existing Hides field Exploration well scheduled to spud in Q4 2014 Utilise ownership in foundation project for other sources of gas Longer term exploration potential in Western Province
  16. 16. Asia and the northern Australia opportunity Thank you Jack Bates, Lasseter, Browse Basin
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