Talisman ny aktør på norsk sokkel Kjell Gaute Risa
Talisman et globat selskap Nord Amerika Nordsjøen Sydøst Asia Karibien og Latin Amerika Afrika og Midt Østen
Selskapet Et uavhengig oppstrøms olje og gass selskap, etablert i 1992 Hovedkontor i Calgary, Canada Aksjen omsettes i New York og Toronto børsene Ca $30 milliarder aksjeverdi Mboe/d 225 200 175 150 125 100 40% USA Canada 2006 produksjonsprofil 35% Denmark Netherlands Norge UK 20% Australia Egen nordsjøstragi med modne felt og mindre funn 2006 produksjon 515,000 545,000 fat pr. dag På størrelse med Norsk Hydro olje & gass % natural gas: % oil & liquids: 75 50 25 - North America North Sea Malaysia/ Vietnam Indonesia SE Asia & Australia 5% Tunisia Trinidad Algeri Rest of World 74% 14% 49% 0% 26% 86% 51% 100% Total: 44% 56%
Visjonen "...Value creation is ultimately about increasing the per share interests of shareholders, while conducting the business in a safe, environmentally friendly and socially responsible manner. Our target is 5-10% annual production per share growth. 4.5 4.0 3.5 Gross Proved Reserves per Share* (boe/share) 13% YoY Growth Dr. James W. Buckee President and CEO, Talisman Energy Inc. 3.0 2.5 2.0 1.5 1.0 0.5-1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
En balansert portefølje Nord Amerika Lots of running room High returns on conventional gas Large prospective targets Strategic midstream business Substantial operating cash flow North Sea Paladin adds new opportunities Large opportunities in Norway High working interest and infrastructure control Substantial operating cash flow Southeast Asia Low cost Long-life gas reserves & contracts Attractive economics Quick oil developments High Impact Exploration World scale prospects Successful exploration adds the most value 5-10% of spending
2006 Leting og utvikling E&D Spending: 350 Major Capital Projects - 2006 1,610 1,990 1,050 1,615 30 70 45% North America 37% North Sea 50% drilling 685 North American wells 63 North Sea wells 119 International wells 325 440 (C$MMs) 300 250 200 150 2005 2006 North America 2005 2006 North Sea 70 65 2005 2006 Trinidad 2005 2006 2005 2006 North Africa 2005 2006 Rest of World 2005 2006E Exploration Expenditure $1,083 MM $1,400 MM Development Expenditure $2,095 MM $3,000 MM Net Acquisitions* $3,093 MM 145 230 SE Asia & Australia 100 50 0 Alberta Foothills Tweedsmuir Bigstone / Wild River Edson PM-3 CAA / Block 46 Unit Greater Arch Deep Basin Talisman Midstream North American Spending North Sea Spending Rest of World Spending Blane Appalachia Monkman Wood Tartan, Highlander, Petronella Claymore MLN / MLSE & El Merk Beatrice & Nigg Corridor - Suban Phase 2/3 Montrose Orion Gyda
Talisman i Norge Kontor i Stavanger sentrum 110 fast ansatte Ca 100 innleide Supplybase i Tananger
Vår Nordsjø strategi Fokusere på kjente områder og kjøpe felt som selgerne tillegger for lav materialitet Sørge for at feltet har kjente/sansynlige muligheter for tilknytning av andre funn eller prospekter Øke innflytelse ved større deltakerandelen og bli operatør Erverve omkringliggende lisenser for over tid å levere mer produksjon over kjøpte feltinnstallasjoner Søke samordning med omkringliggende lisenser for å redusere kommersielle barrierer (unitisering) Redusere kostnader, oppgradere infrastruktur, øke effektivitet og ta I bruk smart teknologi, optimalisere produksjonen En konsistent, repeterbar strategi for Nordsjøen en
Våre kjerneområder på norsk sokkel BRAGE/VESLEFRIKK Hydro/Statoil Operated VARG/REV Talisman Operated Yme Talisman Operated GYDA Talisman Operated
Lisensene våre Norwegian Sea Northern North Sea Brage (33.8%) / Veslefrikk (27%) / Huldra (0.5%) Varg (65%) / Rev (70%) UKCS Talisman licence Yme (70%) Operated Southern North Sea Non-operated Producing Fields / Developments Blane (18%) Siri (30%) Gyda (61%)
Net Acreage (km2) Statoil Norsk Hydro Petoro Talisman Eni Shell RWE Dea 0 5,000 10,000 15,000 20,000 25,000 30,000 Lisensareal ExxonMobil BG DONG ConocoPhillips Total Revus Marathon DNO Pertra Chevron Hess GdF Lundin Altinex PetroCanada Premier E.ON Ruhrgas BP NORECO Endeavour PA Maersk Reveal Idemitsu Osaka Svenska Wintershall Kerr-McGee AEDC Gyda Acq. APA 2003 Blane Area Acq. APA 2004 Brage Acq. PL311 FI Pertra Acq. Paladin APA2005 0 5000 Gross Acreage (Sq. Km) 15000 10000 20000 4. største areal på norsk sokkel 25000 Noble Energy CNR 19th Round
Gyda OIL FIELD Gargoyle GAS FIELD 7/8 OIL DISCOVERY Goyle Krabbe GAS DISCOVERY Lomond Krabbe PROSPECT 7/11 Hagrid TALISMAN INTEREST Pierce Machar Cod Mime Mimming Ula North Ula Ula Gyda Mime Erskine Hummer Tambar 2/2-2 Oselvar (DONG) Jade Blane Tr-3 Oselevar Gyda Kark Frode Gyda 2020 prosjekt (forlengelse av prod.lisens) Joanne/Judy Albuskjell Tor Halley Flyndre Ekofisk Frode Fulmar Tommeliten Clyde Edda Auk Medwin Orion Janice Eldfisk 20 km Embla
Mime & Krabbe Mime Sub -Sea Concept - 3 Producers - 3 Water Injectors Gas Lift Mimming Krabbe Sub -Sea - 12 Producers - 1 Water Injector Gas Lift Gyda Platform. Goyle * Gargoyle Gargoyle Goyle Krabbe 20 km Orange Lomond Orange Krabbe Ula North x Manifold/ Pig Launcher Umbilical 10 Water Injection Pipeline from Ula Gyda 6 Gas Lift Pipeline 10 Multiphase Pipeline to Ula Gyda * * Pierce Mime Jade 20 km Mime Cod Mimming Mimming Blane Ula SW Oselvar Ula Tambar Gyda Krabbe Gyda 55 km Krabbe Mime 15 km Mime Gyda 40 km *
Plan for Blane feltet
Varg & Rev (tidligere Varg sør) Første gass Okt. 2007
Yme Location & Egersund Basin Location Data: 110 km from Norwegian coast line 130 km from nearest offshore installation (Ula/Gyda) 93 m water depth Advantage: 5 years of production history Main Project Challenges: Limited reserves Partially swept reservoir Two reservoir locations 12 km apart Segmented and challenging reservoir Wells needing artificial lift (ESP) Fuel gas supply Remote location far from existing infrastructure (130 km) Very difficult current market situation Transfer of operatorship Varg Gyda Egersund Basin & Yme Field - Talisman 70% (Operator) - Revus 20% - Pertra 10%
Overview of Yme Field Layout MOPUstor located over Gamma Subsea tieback of Beta (12 km) Water injection including PWRI Gas disposal by miscible injection Artificial lift with dual ESPs in all producers Gas lift as back-up for Beta Offshore loading system Leased production facility Inhouse operations First oil January 2009
Potensiale i Yme området Bream 18/10-1 Aubrey Yme- Gamma Kathryn East Carolina Elizabeth Epsilon Yme- Beta Lola Gamma NE Tori Lene Lucy
Materiell & kontrakt statistikker Kontrakter 247 (2006) Leverandører 522 (2005) 662 (2006) Fakturaer 6,276 (2005) 8,190 (2006) Innkjøp 2,248 MMNOK (2005) 3,456 MMNOK (2006) Helikopterturer 468 (2005) 721 (2006) Antall tonn over kai 19 860 (2005) 44,427 (2006) 55,000 (2007, estimat) Inventory ASCO base 4,000 parts 3rd Party 100 parts
Våre erfaringer fra nordsjøen så langt Mindre felt byr på de samme tekniske og kommersielle utfordringene som større felt. Utbygning av mindre felt trenger større fokus på effektivitet og resultater. Hvert felt trenger fleksible løsninger for å få best mulig resultat Erfaring med å levere resultater fra mindre felt øker evnen til å skape lønnsomhet i dette segmentet
Produksjonsmålene våre Yme 1st oil 1 Jan 2009 90 Net Production (mboepd) 80 70 60 50 40 30 20 10 Blane 1st oil 1 March 2007 Rev 1st gas 1 July 2008 Mime / Krabbe 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Gyda Varg Egersund Basin Norway Non-Op Historical Denmark Exploration 5% pa growth 10% pa growth
Talismans Beatrice Windfarm Takk for oppmerksomheten Takk for oppmerksomheten