PROSPECTS AND INVESTMENT OPPORTUNITIES IN MALAYSIATALK PROFILE • Malaysia and PETRONAS • New play discoveries and opportunities • Data review and petroleum arrangements NAPE, Houston, USA 11-12th February 2010 MALAYSIA IN PERSPECTIVE MYANMAR LAOS CHINA THAILAND CAMBODIA VIETNAM PHILIPPINES NAPE 2010 MALAYSIA MALAYSIA Singapore INDONESIA • • Located in the heart of South East Asia. It is multicultural population of about 24 million. The country is politically stable with well developed infrastructures. • Comprises Peninsular Malaysia and two states of Sabah & Sarawak in Borneo with total land area of 330,000 sq. km. PETRONAS is an integrated oil and gas company. operating in more than 30 countries world wide Logistics & Maritime Business Oil and gas exploration and production Refining Petrochemical Business Marketing Gas Business . 4 bscf/d Condensate – 125k b/d . 5. 8.Domestic E&P: Sustained investment and activities with a total of USD 24 bil. 4.1 kb/d Gas – 7. TOTAL Nippon Oil Amerada Hess Talisman Newfield BHP Billiton PCPP Petrofac PIDC Kufpec Lundin • Number of PSC’s in operations : 67 • PSC Blocks under exploration : 41 • Open Blocks : 49 ( Including 7 deepwater blocks) • Producing fields : 64 oil fields and 33 gas fields • Production (2008) updates as in Feb 2009: Oil – 546. spent in E&P sector in FY 2009/10 Malaysia Exploration Acreage 1. 9. 10. 14. 3. 2. 11. 16. 12. Exxon Mobil Shell PETRONAS Carigali Murphy Oil ConocoPhillips Sabah Peninsular Malaysia Sarawak 6. 13. 7. 15. MALAYSIAN BASINS Sabah Basin Malay Basin Strait of Melaka Basin Sandakan Basin Penyu Basin Sarawak Basin Tarakan Basin • 7 Tertiary Sedimentary Basins • Sediment Thickness of > 1000m . ) J – DW Sabah Foldbelt Play (Rotan.graben play in Tatau Province M – Turbidites/Hydrodynamic Play in DW Sabah N – Turbidites Play in Sandakan Basin O – Synrift Play in UDW Sabah P – Turbidite sPlay in Sabah Shelf Q – Fractured Basement in Malay/Penyu Basin R – HPHT Play in Baram Delta S –Low CO2 Gas Play in Rajang Delta . Gumusut. PC4.New Exploration Play-types resulted in new discoveries E K D F O H S L G B C R M I P J N A Q Proven Successful Play-types A – Fractured Basement in Malay Basin (Anding Utara) B – Turbidites Play in Central Luconia (Kumang) C – Deep-seated Pinnacle Reef Play in Central Luconia (Kanowit. Anjung) D – Malay Basin Centre HPHT Gas Play (Guling Deep) E – Malay Basin Centre Oil Play (Sepat Deep) F – Malay Basin Synrift Play (Kecubung) G –Sarawak Basin Synrift Play (KT) H – DW Sarawak Fault Block Play (Talang) I – DW Sabah Turbidites Play (Kikeh. Biris) On going studies K – Malay Basin Deep Play L – Half. Exploration Focus Blocks FY 2010/11 PM327 PM328 DWF DW 2A DW 2B SK301 SK302 PM319 SK313 SK319 Focus Blocks . M and Basement. The matured lacustrine source rock based on the basin modelling is expected to charge the nearby identified traps.SHALLOW WATER BLOCK: PM327 & PM328 PROVEN PETROLEUM SYSTEM: OIL & GAS PRONE AREA PRODUCTION PROVINCE Onlap Play Basement Play PM327/PM328 Located in the eastern flank of Malay Basin. Synrift deposition of Abu Kecil graben will be the next exploration target in the flank of block PM328. Prospectivity of the PM327 & PM328 : Deeper play-types of Lower Oligocene to Early Miocene Group K. PM328 Considered as frontier area in the matured basin. .consist of stratigraphic and structural traps. L. .SHALLOW WATER BLOCK: PM327 & PM328 Ledang Barat Deep-1 Aji-Aji-1/ST-1 Ledang Barat Deep-1 and Aji-Aji-1 discoveries opened up the potential of the deeper section and basement play of the Malay Basin eastern flank. The matured lacustrine source rock based on the basin modelling is expected to charge the nearby identified traps.Proven Petroleum System: Oil & Gas Prone Area Production Province Shallow Water Block: PM319 Dungun Graben Located in the western flank of Malay Basin. Considered as frontier area in the matured basin. L. The prospectivity of the PM319: Deeper play-types Lower Oligocene to Early Miocene Group K. Synrift deposition of Dungun Graben trend is among the next exploration targets. . M and Basement consist of stratigraphic and structural traps. SK302 & SK313 PROVEN PETROLEUM SYSTEM GAS PRONE AREA A number of sizeable structural closure remained undrilled Structural – Fault Bounded Anticline Structural – Rollover Anticline with DHI support Flat spots ? Stratigraphy – Trap Associated with Shale Diapir Multiple potential exploration targets .SHALLOW WATER BLOCK: SK301. the prospect indicates positive result within structural closure .CSEM acquired and Inversion Study conducted to reduce uncertainties Shallow Water Block: SK301. SK302 & SK 313 Rose prospect in SK302 Based on the CSEM 3D inversion. SK302 & SK313 Analog to Keli-1 (SK313) & Kumang-1 (SK315) Gas Discoveries Keli-1 Kumang-1 Ney: 7. Cycle VI Intra Cycle VI Net pay: 14 m.Shallow Water Block: SK301. Cycle V Well results above proved the low relief structures contained low CO2 . Porosity: 17 % SW: 57. Porosity: 26 & SW: 64%.9 m.7%. Central Luconia Province Proven Gas Play for Mid to Late Miocene Carbonates A F28 Gas Field A’ Platform Carbonate B B’ Pinnacles Carbonate Future exploration focus for the SK319: pinnacle carbonate play An example of the remaining of platform and pinnacle carbonate play potential in SK319 .ESTABLISHED PETROLEUM SYSTEM : GAS PRONE AREA PRODUCTION PROVINCE SHALLOW WATER BLOCK: SK319 SK319 . This is the latest well drilled by PETRONAS in block SK316 598 mMDDF .D without encountering gas water contact.RECENT PINNACLE CARBONATE DISCOVERIES ANALOGS TO THE SK319 SHALLOW WATER BLOCK: SK310 & SK315 Anjung-1 Anjung South-1 Top of Carbonate Top of Carbonate PROP. NC3-2 NC3-1RD 345 mMDDF 161 mMDDF Anjung-1 and Anjung South-1 with the gas column of 345 m and 161 m respectively are the recent discoveries in block SK315 NC3-1RD penetrated 598 m of gas column and T. Deep Water Block: DW2A & DW2B Proven Petroleum System Oil & Gas Prone Area DW 2A North Luconia Province Carbonate Build-up Hemipelagic Shale Paus-1 MMU Post MMU Turbidites Talang-1 Talang-1 The main play-t ype: Pre-Middle Miocene sections Secondary: Carbonate build-up & post MMU turbidites . Deep Water Block: DWF Gas Prone Area Multiple potential exploration targets High ranked Terubok prospect : Positive results from AVO & CSEM study CSEM – Positive anomaly in CSEM 3D inversion Rising AVO – Classical Class II AVO . DATA REVIEW & BLOCK AWARD PROCESS EOIM Establish Contact Courtesy visit and review of current opportunities Conditional Award Data Review Bidding Negotiation PSC Signing • Companies establish contact with PMU and assessed for interest • Data is available for review upon request and companies are requested to sign confidentiality agreement. • Companies to submit report on findings and interest within 3 month • Short listed companies are invited for a closed tender process for selected blocks • PSC negotiation and award to successful company . R/C PSC – below 200m water depth Deepwater PSC – 200m to 1000m water depth Ultra Deepwater PSC – beyond 1000m HPHT • • .PRODUCTION SHARING CONTRACT • Companies that are interested to explore and exploit hydrocarbon resources in Malaysia are required to enter into a PSC with PETRONAS Each PSC obligates the PSC Contractor to provide all the financing and bear all the risk of exploration. 1. 3. development and production activities in exchange for a share of the total production 4 Types of Exploration PSC. 2. 4. 2331 3135 Fax: +603 .my Ms. San Felipe. Robert Wong General Manager Basin Assessment & Promotion Tel: +603 .2331 3238 E-mail : wonghf@petronas. Mr. 50088 Kuala Lumpur 1. We are at Booth 525 3.my . Salina Safiullah Manager Block Promotion & Marketing Tel: +603 .2331 3238 E-mail : salinaf@petronas. Suite 1100 Houston.2331 1593 Fax: +603 .com. Tower 2. Mr.Contact: Petroleum Resource Exploration Petroleum Management Unit (PMU) PRTRONAS Level 22.2331 1905 Fax: +603 . PETRONAS Twin Towers KLCC.2331 4004 E-mail :mazam_yusoff@petronas. TX 77056 2. Mohd Azam Yusoff Senior General Manager Tel: +603 .com.my Data rooms are open 15th-19th Feb 9am-5pm Schlumberger Breakthrough Performance Centre 5599.com. THANK YOU .