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Petroleum Unit Global LNG Summit 17 –18 December 2003

GAS INDUSTRY DEVELOPMENT IN BRUNEI DARUSSALAM. Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 1 . km. PRESENTATION OUTLINE.

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Petroleum Unit Global LNG Summit 17 –18 December 2003

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  1. GAS INDUSTRY DEVELOPMENT IN BRUNEI DARUSSALAM Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 1 km

  2. PRESENTATION OUTLINE • GAS INDUSTRY DEVELOPMENT IN BRUNEI DARUSSALAM • BRUNEI DARUSSALAM – ABODE OF PEACE • OIL & GAS INDUSTRY CONTRIBUTIONS • KEY PLAYERS IN GAS INDUSTRY • KEY MILESTONES OF GAS INDUSTRY • NATURAL GAS PRODUCTION • NATURAL GAS DEMAND • BRUNEI LNG • GAS INDUSTRY ASPIRATION • OFFERED ACRAEGE Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 2

  3. BRUNEI DARUSSALAM – ABODE OF PEACE • Politically & Economically Stable. • Well-positioned and has proximity to existing & potential Asia-Pacific markets. • More than 70 years experience in upstream E&P activities. • More than 30 years in LNG Business. BRUNEI DARUSSALAM Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 3

  4. OIL & GAS INDUSTRY CONTRIBUTIONS • Country revenue • Direct employment of 3,500 staffs. • Indirect employment of large part of workforce. • Local business development. • Technology development. • Promotion of technical and HSEQ Standards. • Promotion of Bruneian interest. Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 4

  5. KEY PLAYERS IN BRUNEI GAS INDUSTRY § Brunei Shell Petroleum (BSP) § Block B Joint Venture (BBJV) § Brunei LNG (BLNG) § Brunei Shell Tankers (BST) § Brunei Gas Carrier (BGC) Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 5

  6. PRESENT DAY BRUNEI HC INFRASTRUCTURE Maharaja Lela Gannet Fairley Magpie Champion Muara Port Ampa Fairley Rationalization Project Iron Duke Amp BANDAR SERI BEGAWAN Gadong Berakas Jerudong Tali Crude Oil or Condensate pipeline OPP BLNG Natural Gas pipeline Lumut Terminal ( SCOT ) Seria CPP Offshore facilities Lumut Rasau Refinery 10,000 bpd Onshore facilities Power facilities Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 6

  7. EXISTING CONCESSIONS • Offshore Concessions 8,618 sq km • - Block A & CD (Shell Deepwater Borneo Ltd., NewCo) • Block B (TotalFinaElf, Shell Deepwater Borneo ltd., NewCo) • Others (BSP) • • Land concession 2,624 sq km • - BSP Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 1

  8. NATURAL GAS PRODUCTION 2002 - Highest in recorded production history 1999 – Block B Joint Venture start producing & become 2nd gas producer Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 8

  9. KEY MILESTONES OF GAS INDUSTRY IN BRUNEI Seria Field 1929 1972 – 1st LNG cargo 1980 – 1000th LNG cargo 1987 – 2000th LNG cargo 1993 – 3000th LNG cargo 1999 – 4000th LNG cargo Brunei LNG Ltd/Cold Gas Trading 1969 1st LNG cargo 1972 e Brunei Shell Tankers 1986 Japan 1st Contract Extension 1993 r Long-term contract with KOGAS 1997 Brunei Gas Carrier 1998 BBJV 1999 ABADI - 8th LNG Tanker 2002 Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 9

  10. GAS DEMAND - 2002 Total Gas Demand = 0.4173 TCF § LNG – 0.3533 TCF, 85% § Power generation – 0.0396 TCF, 9% § Petroleum operator own use – 0.0244 TCF, 6% Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 10

  11. FUTURE GAS DEMAND • LNG. • Power generation. • Petroleum operator own use. • Downstream industry. • LNG plant extension opportunity. • LNG plant (6th train) expansion opportunity. Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 11

  12. INLAND GAS DEMAND Inland Demand 2006 – Downstream projects start Power Generation Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 12

  13. EXISTING LNG PLANT – BRUNEI LNG • First production in 1972. • Delivered more than 4,000 B Class Cargoes. • Production capacity 7.2 MTPA • Five trains with each capacity of processing 5.3 million m3/day of gas. • Three storage tanks with total capacity of 176,000 m3. • Long term contract with Japan (6.01 MTPA) and Korea (0.7 MTPA). • Spot sales to Europe and United States. Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 13

  14. BRUNEI LNG EXPORT 2002 - Highest in recorded export history 1997 - KOGAS 1993 – 1st contract extension Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 14

  15. BRUNEI LNG - 2002 2001 – Record: first time 200.3 cargoes delivered 2002 – New Record: 203.5 cargoes delivered Year 2002 Achievement Deliverable Through:  More reliable gas supply from gas producers  Continuous growth of LNG deliveries over the last 4 years  New outlets: 2 spot cargoes to Spain; 1 spot cargo to U.S.  No shipping disruptions Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 15

  16. BRUNEI LNG – 2003 OUTLOOK  Absolute top production compares with previous years.  Stretching gas suppliers; maximum delivery.  Firm plans for 207+ B Class Cargoes. Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 16

  17. BRUNEI GAS INDUSTRY GROWTH ASPIRATION BLNG PLANT EXTENSION = Assets Rejuvenation Plan (ARP)  Maintain current 7.2 million ton / annum capacity  Gas require: ~ 7.5 TCF BLNG PLANT EXPANSION – 6th Train  6th Train: world scale capacity: 4 million ton per annum  First cargo delivery: after 2010  Gas require: ~ 4.2 TCF Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 17

  18. 2006 2013 2026 2033 2020 BLNG PLANT EXTENSION & EXPANSION 330 300 EXPANSION 4.2 TCF 210~215 200 Cargo/a Existing Contracts EXTENSION 7.5 TCF - LNG B 0 Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 18

  19. RECENT DEEPWATER ACREAGE …the next deepwater activity and opportunities in Brunei Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 19

  20. OUTCOME OF BIDDING ROUND BLOCK J TotalFinaElf (60%) BHP Billiton (25%) Amerada Hess (15%) BLOCK K Shell (50%) Conoco(25%) Mitsubishi Corp. (25%) Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 20

  21. GAS INDUSTRY DEVELOPMENT IN BRUNEI DARUSSALAM THANK YOU FOR YOUR ATTENTION Petroleum Unit Global LNG Summit 17 –13 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 1 Petroleum Unit Global LNG Summit 17 –18 December 2003 BRUNEI DARUSSALAM Washington D.C Slide 21 km

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