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THE ENERGY DATA ANALYSTS
www.infield.com
Australasian Deepwater – Opportunities & Global Context
Infield Systems Ltd.
Will Rowley - Director of Analytical Services
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 22
THE ENERGY DATA ANALYSTS
Contents
• Introduction
• Definitions & Clarification
• Global Deepwater – Trends & Sectors
• Regions – Comparisons & Drivers
• Australasia – Development Strategies
• Opportunities
Free world map of deepwater regions & activity – limited quantity
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 33
THE ENERGY DATA ANALYSTS
• Established over 18 yrs, specialist boutique in offshore energy
• Highly respected internationally with clients in every continent
• Clients - operators, contractors, suppliers, Governments & NGOs
• Worldwide offshore coverage – unique data & info
• Service provider (direct & indirect) to over 87%* offshore industry
• Full suite of products and services – data, publications & services
• Highly developed modelling & forecasting system - OFFPEX™
• Tailored reports, studies, surveys, models & forecasts, due diligence
• Support to Operations, Strategic & Investor Relations
Infield Systems Ltd, aka ‘Infield’ or ISL
* To international operators & contractors that account for operations on over 87% of the annualised offshore capex worldwide
0
500
1000
1500
2000
2500
0 200 400 600 800 1000
Facility $m
WD
(m
)
0
500
1000
1500
2000
2500
3000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
Africa AsiaAustralasia EuropeLatin America Middle EastNorth America
0
5
10
15
20
25
30
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Year Installed
Uni
ts
FPSs FPSO Spar
TLP Other
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
1999 2001 2003 2005 2007 2009 2011 2013
Actual Year of Spend
$m
Ultra-deep
Deep
Shallow
0
500
1000
1500
2000
2500
3000
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Year Installed
WD
(m)
FPSO
FPSs
TLP
Spar
Other
0
500
1000
1500
2000
2500
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
BP CABGOC CNR ConocoPhillipsExxonMobil Shell Star Deep StatoilTotal Woodside Oil Co.
0
200
400
600
800
1000
1200
1400
1600
1994 1997 2000 2003 2006 2009 2012
WD
(m
)
Platform installed WD
2 per. Mov. Avg. (Platform installed WD)
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 44
THE ENERGY DATA ANALYSTS
Shallow <500m
Deepwater ≥500m
Ultra-deepwater ≥1500m [subset of deepwater]
Definitions & Clarifications
Water-depth
Units, Values & terminology
Units as noted
Values US$m, Development Expenditure
Prospects Identified developments
Forecasts ISL view on reality of next five years (units & $)
Trends Indications for 5yr+
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 55
THE ENERGY DATA ANALYSTS
Europe
North America
Latin America
Africa
Middle East
Asia
Australasia
Definitions & Clarifications - Regions
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 66
THE ENERGY DATA ANALYSTS
Global Deepwater – Trends & Sectors
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 77
THE ENERGY DATA ANALYSTS
0
50
100
150
200
250
300
1994 1997 2000 2003 2006 2009 2012
No
s.
Shallow
Deep
Ultra-deep
Actual Prospects Prospects not forecasts
Most of these very low status, marginal & won’t be developed and form a ‘bow wave’ to the right
Nos. offshore fields in prospect p.a worldwide
It is these prospects that are the cause of
excitement – the field numbers may be small but ave. reserves/production
rates are large
Not forgetting the unknown potential of deepwater
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 88
THE ENERGY DATA ANALYSTS
0
10
20
30
40
50
60
1999 2001 2003 2005 2007 2009 2011 2013
No
s.
Ultra-deep
Deep
No. fields due on-stream growing on the back of extensive (and expensive) E&A activity over past 5 yrs
Trend lines
5 yr forward – high degree of confidence
But the 5-10yr window is harder to
predict
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 99
THE ENERGY DATA ANALYSTS
Deepwater development solutions under consideration - prospects
0
5
10
15
20
25
30
35
40
45
1994 1997 2000 2003 2006 2009 2012
No
s
No Dev. YetFloatingFloating or Subsea (Alt.)Fixed & SubseaFixed ERD &/or SubseaSubsea Sat. to FloatingSubsea Sat. to FixedSubsea Sat. to Onshore
Notice lag of subsea to floating & high visibility of subsea prospects
Subsea to shore – growth area, Egypt,
Norway, Brazil
Lack of visibility of development solutions in the longer term even with deepwater
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1010
THE ENERGY DATA ANALYSTS
Some Key Notes & Assumptions to Forecasts
Bottom-up, project-by-project assessment
Forecasts 0-5yrs
Trends & Indicators 5-10yrs
Oil price scenario $18-22/bbl – default
Global economy range, static to positive growth (0-3%)
One major global incident every 3-5 years
Project expenditure cross-checked to operators & field owners
Full transparency of methodology, assumptions and forecasts
Final forecasts to 2009 subject to minor change as verification of modelling is completed
Expenditure Levels
0
1000
2000
3000
4000
5000
6000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
Platforms
00-04 $13.7bn
05-09 $20.6bn
Platforms Subsea
00-04 $7.9bn
05-09 $17.3bn
Subsea
Pipelines
00-04 $9.1bn
05-09 $14.8bn
Pipelines
Scale of deepwater activity – key sectors
$55bn deepwater development expenditure 05-09 – all sectors
Peaking at $13.7bn in 2006 – installed facilities & infrastructure costs
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1212
THE ENERGY DATA ANALYSTS
0
1000
2000
3000
4000
5000
6000
1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014
Actual Year of Spend
$m
Africa AsiaAustralasia EuropeMiddle East Latin AmericaNorth America TrendOn-stream Model
Platform Expenditure
An exceptional peak?
Or the first in a series of development waves? – early
indicators
?
US GoM, West Africa, India, China, Mexico,
Indonesia, Malaysia etc
What could impact on this trend?
High visibility & certainty
Medium visibility & certainty
Low visibility & certainty
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1313
THE ENERGY DATA ANALYSTS
0
1000
2000
3000
4000
5000
6000
1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014
Actual Year of Spend
$m
CPT
Semi-Sub Ship-Shaped
Spar TLP
Trend
Forecast
TrendActual
This is dominated by large newbuild FPSOs – we believe
a peak
But still close to $3bn/yr spent on platforms in the
longer term
Rationale -
Need to ascertain success of current crop of large facilities – return on investmentPart of peak one-off infrastructure development – West Africa & hubsCheaper development solutions especially in new deepwater arenasIncreasing focus on subsea
Development scenarios
Average Platform Cost at Sanction (Actual & Intentions)
•0
•100
•200
•300
•400
•500
•600
•1985 •1988 •1991 •1994 •1997 •2000 •2003 •2006 •2009
•Year Of Sanction
• $m Statistical Linear
Trend
Forecast Trend After Lessons Learnt
Only a small number of major operators can afford the newbuild mega-projects that have been a feature of the past few years
Few other companies can afford the risk these projects now bring – and in the short-term many of these have their hands full with existing developments
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1515
THE ENERGY DATA ANALYSTS
0
2
4
6
8
10
12
14
16
18
1989 1992 1995 1998 2001 2004 2007 2010 2013Installation Year
Nos
.
FPS FPSO
Other Fixed Other Floaters
SPAR TLP
In terms of the number of deepwater platforms installed
00-04 = 35
04-08 = 68
59% = FPSO (Africa, Brazil, Asia & Australasia)
Notice low visibility of Spars & TLPs – reflection of their short
development schedules
Note also a lack of projects scheduled for installation in 2010/11, partly because of
‘rollover’ of projects to outside a 5 yr window
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1616
THE ENERGY DATA ANALYSTS
500
1000
1500
2000
2500
3000
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Year Installed
WD
(m
)
FPSO
FPSs
TLP
Spar
Other
Water Depth Trends
Overall trend continues downward
Increasing diversity of solutions in type and size
Sphere size reflects relative cost scale
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1717
THE ENERGY DATA ANALYSTS
0
100
200
300
400
500
600
700
1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016
$m
TLP Spar
Linear (TLP) Linear (Spar)
Dry Tree Solution – cost trends
Not all cost trends are upwards – mini TLPs & repeat designs pulling
average costs down
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1818
THE ENERGY DATA ANALYSTS
500
700
900
1100
1300
1500
1700
1900
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
Year Installed
WD
(m
)
TLP – Cost trend by water depth
Kikeh
TLP – growing distinction between large & small
facilities
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 1919
THE ENERGY DATA ANALYSTS
Spar - Cost trend by water depth
500
1000
1500
2000
2500
3000
1996 1998 2000 2002 2004 2006 2008 2010Year Installed
WD
(m
)
Spar
Consistent trend down to 2,000m
Possibilities here in Atwater Valley (US GoM)
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2020
THE ENERGY DATA ANALYSTS
Cost trend by water depth – dry trees
500
1000
1500
2000
2500
3000
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
Year Installed
WD
(m
)
TLP
Spar
Key zone of interaction between Spars & TLPs
Often compete – alternative scenarios
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2121
THE ENERGY DATA ANALYSTS
500
1000
1500
2000
2500
3000
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020Year Installed
WD
(m
)
FPSO
Deepwater FPSOs
Vary considerably in scale & design – newbuilds & conversions
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2222
THE ENERGY DATA ANALYSTS
500
1000
1500
2000
2500
3000
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018Year Installed
WD
(m
)
FPSs
FPSs – Semi-submersibles
Key hub developments in many regions – especially US & Brazil
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2323
THE ENERGY DATA ANALYSTS
Regions – Trends & Sectors
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2424
THE ENERGY DATA ANALYSTS
-
2,000
4,000
6,000
8,000
10,000
12,000
1994 1997 2000 2003 2006 2009 2012
MM
BO
E
North America
Middle East
Latin America
Europe
Australasia
Asia
Africa
Deepwater reserves due on-stream per annum
Mid-term trend
Large Africa fields coming on-stream clearly visible
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2525
THE ENERGY DATA ANALYSTS
0
1000
2000
3000
4000
5000
6000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
Asia Africa
Australasia Europe
Latin America Middle East
North America
Mid-term trend?
Africa41%
North America
26%
Australasia2%
Asia5%
Europe3%
Middle East0%
Latin America
23%
Note - growing importance of Africa
04-08 $m %
Deepwater overall expenditure by region
Note – emergence of Asia & Australasia
Every Region Experiencing Some Growth (5yr vs 5yr)
All deepwater sectors
•0
•1000
•2000
•3000
•4000
•5000
•6000
•1999 •2000 •2001 •2002 •2003 •2004 •2005 •2006 •2007 •2008
•Actual Year of Spend
• $m
•Asia •Africa•Australasia •Europe•Latin America •Middle East•North America
Significant growth in Asia & Australasia
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2727
THE ENERGY DATA ANALYSTS
0
50
100
150
200
250
300
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
Control Lines
Riser
Pipelines
Subsea
Platforms
0
20
40
60
80
100
120
140
160
180
200
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
$m
Woodside
BHP Billiton
Australasia – 2% market share 04-08
Small number of developments but an
emerging market
Led by local players at present
Platform expenditure
Are there enough prospects to maintain momentum?
Enfield & Stybarrow FPSOs
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2828
THE ENERGY DATA ANALYSTS
9 714 16 17 20 20
27 27 263
3
03
78 10
14 11 14
0
5
10
15
20
25
30
35
40
45
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Nos
.
Balance
Top 10 The number of fields brought
on-stream by top ten operators increases but it is the remaining operators who
are growing in influence.
No. of new fields brought on-stream by operators - Global
0
20
40
60
80
100
120
1994 1997 2000 2003 2006 2009 2012
No
s.
Field Owners
OperatorsThe number of field owners is also increasing and there is a
trend of owners eventually moving into operatorships as
their experience grows.
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 2929
THE ENERGY DATA ANALYSTS
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Year Installed
$m
Africa Asia
Australasia Europe
Latin America Middle East
North America
Global subsea development expenditure
Africa47%
Latin America
21%
Middle East1%
North America
21%
Europe2%
Austral'2%
Asia6%
Australasia subsea -
deepwater0
20
40
60
80
100
120
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
$m
Woodside
Esso Australia
ChevronTexaco
BHP Billiton
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3030
THE ENERGY DATA ANALYSTS
1988, 684m Brazil
1993, 1027m Brazil
1997, 1709m Brazil
2000, 1877m Brazil
2008, 2953m US GoM
2007, 2682m US GoM
2005, 2408m US GoM
2002, 2198m US GoM
2003, 2316m US GoM
1998, 1853m Brazil
WD
Year
Worldwide deepwater subsea production well trends
1000m
2000m
3000m
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3131
THE ENERGY DATA ANALYSTS
Australasia – Development Strategies
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3232
THE ENERGY DATA ANALYSTS
Australasia – combined deepwater expenditure
Effectively a new sector
Deepwater ave = 83% growth (5yr-on-yr comparison)
Golden triangle ave = 74% growth (5yr-on-yr comparison)
Whilst second smallest region – next to fastest growing (Asia)
0
50
100
150
200
250
300
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
Control Lines
Riser
Pipelines
Subsea
PlatformsPlatforms
46%
Subsea40%
Riser1%
Pipelines12%
Control Lines1%
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3333
THE ENERGY DATA ANALYSTS
0
100
200
300
400
500
600
700
800
900
1000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Actual Year of Spend
$m
Control Lines
Riser
Pipelines
Subsea
Platforms
Asia – combined deepwater expenditure
Platforms31%
Subsea32%
Riser3%
Pipelines31%
Control Lines3%
Asia 446% growth (5yr-on-yr comparison) $3.6bn
Deepwater ave = 83% growth (5yr-on-yr comparison)
Golden triangle ave = 74% growth (5yr-on-yr comparison)
Already the 4th Most Significant Deepwater Region
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3434
THE ENERGY DATA ANALYSTS
0
200
400
600
800
1000
1200
1400
1600
1800
2000
1998 2000 2002 2004 2006 2008 2010
Year Installed
WD
(m
)
Kikeh
Kamunsu
Asia - Cost trend by water depth – all platforms
Australasian experience can be used in Asia
The number & scale of prospects is growing all the time – the key question is timing
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3535
THE ENERGY DATA ANALYSTS
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2000 2002 2004 2006 2008 2010 2012 2014 2016
Year Installed
WD
(m
)
Asia
Linear (Asia)
Asia & Australasia deepwater subsea production well trends
Continued move into deeper waters expected
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3636
THE ENERGY DATA ANALYSTS
Across Asia & Australasia we are seeing -
• wide range of development scenarios
• innovation in design & approach
• steep learning curve
• strong NOC & independent lead
• increased need for cooperation on delaying issues
• but a growing list of prospects
• world-class opportunities
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3737
THE ENERGY DATA ANALYSTS
Asian Deepwater Prospects
Country Operator Field DISC. ON STATUS WD DEVELOPMENT TYPEPhilippines Shell Malampaya (SC-38) 1992 2001 Producing 820 Fixed Production Platform and SubseaPhilippines Shell Malampaya Oil Rim EWT (SC-38) 2000 2001 Suspended 845 Floating ProductionIndonesia Unocal West Seno 1998 2003 Producing 953 Floating ProductionIndia Reliance D6 Field (KG-DWN-98/3) (Dhirubhai) 2002 2006 Firm Plan 900 Floating Production or Subsea (Alternative)
Philippines Shell Malampaya Oil Rim (SC-38) 2000 2006 Possible 845 Floating ProductionIndonesia Unocal Gehem 2003 2006 Probable 1823 Subsea Satellite to Onshore FacilityMalaysia Murphy Kikeh (Sabah Block SB-K) 2002 2007 Firm Plan 1340 Floating ProductionIndia ONGC M Field (KG-DWN-98/2) (Padmavati) 2001 2007 Possible 500 Subsea Satellite to Floating ProductionIndonesia Unocal Merah Besar 1997 2007 Probable 520 Floating ProductionIndonesia Unocal Sadewa 2003 2008 Firm Plan 550 Floating Production
Indonesia Unocal Aton 1999 2008 Possible 1150 Subsea Satellite to Floating ProductionJapan Japex Sanriku Oki 2000 2008 Possible 857 No Development Scheme Announced YetMalaysia Shell Kamunsu East North 2000 2008 Possible 1000 Floating Production or Subsea (Alternative)India ONGC Krishna-Godavari KD-1-1 2000 2008 Possible 844 Subsea Satellite to Onshore FacilityIndia ONGC Annapurna (KG-DWN-98/2 R-Cluster) 2001 2008 Possible 1030 Fixed Production Platform and SubseaMalaysia Shell Gumusut (Sabah SB-J) 2004 2008 Possible 1000 Floating ProductionIndonesia Unocal Hijau Besar 1998 2009 Possible 686 Subsea Satellite to Floating Production
Brunei Shell Merpati/Meragi 1993 2009 Possible 500 No Development Scheme Announced YetMalaysia Shell Kamunsu East 1999 2009 Possible 737 Subsea Satellite to Fixed ProductionIndonesia Unocal Janaka North 1999 2009 Possible 1316 Subsea Satellite to Floating ProductionIndia Murphy D6-D1 Field (KG-DWN-98/3)(Dhirubhai Southeast 2003 2009 Possible 1280 No Development Scheme Announced YetMalaysia Murphy Kikeh Kecil (Sabah Block SB-K) 2003 2009 Possible 1359 Subsea Satellite to Floating ProductionIndia ONGC Krishna-Godavari G-4 2004 2009 Possible 500 No Development Scheme Announced Yet
Philippines Shell Camago (SC-38) 1989 2009 Probable 736 Subsea Satellite to Fixed ProductionIndonesia Unocal Ranggas 2001 2009 Probable 1616 Floating Production or Subsea (Alternative)Indonesia Unocal Gendalo 1999 2010 Possible 1425 Floating Production or Subsea (Alternative)India ONGC N Field (KG-DWN-98/2) 2001 2010 Possible 500 No Development Scheme Announced YetIndonesia Amerada Hess Halimun (Tanjung Ara) 2002 2010 Possible 1061 No Development Scheme Announced YetIndonesia Amerada Hess Papandayan (Tanjung Ara) 2002 2010 Possible 555 No Development Scheme Announced Yet
India Reliance D6-F1 Field (KG-DWN-98/3) (Dhirubhai East) 2003 2010 Possible 1756 No Development Scheme Announced YetMalaysia Murphy Kakap (Sabah Block SB-K) 2004 2010 Possible 926 No Development Scheme Announced YetIndonesia Inpex Jambu Aye Utara 1984 2011 Licence Surrendered 1200 No Development Scheme Announced YetIndonesia Unocal Bangka 1999 2011 Possible 980 Subsea Satellite to Floating ProductionPhilippines Shell San Martin (SC-38) 1982 2012 Possible 850 No Development Scheme Announced YetIndonesia Unocal Putih Besar 1997 2012 Possible 535 Subsea Satellite to Floating Production
Indonesia Unocal Gula 2000 2012 Possible 1844 Subsea Satellite to Fixed ProductionIndonesia Unocal Gandang 2000 2014 Possible 1684 Subsea Satellite to Fixed ProductionIndonesia Unocal Gada 2000 2015 Possible 1897 Subsea Satellite to Fixed ProductionIndonesia Unocal Maha 2002 2016 Possible 742 Subsea Satellite to Floating Production
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3838
THE ENERGY DATA ANALYSTS
Australia – Opportunities
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 3939
THE ENERGY DATA ANALYSTS
• Regional leadership
• To be at the forefront of regional deepwater developments
• Potential to develop a long-term deepwater programme
• Development of low-cost and flexible solutions
• Cross regional opportunities
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 4040
THE ENERGY DATA ANALYSTS
Australasian Deepwater Prospects
Over $900m of deepwater capex forecast over the next five years
Conservative forecast – much greater potential
OPERATOR NAME FIELD NAMEYEAR DISC.
YEAR ON STREAM STATUS
OIL RES
GAS RES
COND RES WD
PROD RATE OIL (BPD)
PROD RATE GAS(MMCFD) DEVELOPMENT TYPE
Esso Australia Resources Ltd Scarborough 1979 2010 Possible 6000 912 600
Floating Production or Subsea (Alternative)
ChevronTexaco Australia Pty Ltd
Chrysaor (Gorgon Area) 1995 2012 Possible 2900 75 818 360
Subsea Satellite to Onshore Facility
BHP Billiton Petroleum Pty Ltd
Novara (WA-155-P(1) 1995 2012 Possible 45 1015 30000
Subsea Satellite to Floating Production
Woodside Energy LtdEnfield (WA-271-P) 1999 2006 Under Devt 111 11 520 65000 Floating Production
Woodside Energy LtdLaverda (WA-271-P) 2000 2008 Firm Plan 65 20 850 35000
Subsea Satellite to Floating Production
BHP Billiton Petroleum Pty Ltd
Stybarrow (WA-255-P(2) 2003 2007 Firm Plan 50 10 825 20000 Floating Production
BHP Billiton Petroleum Pty Ltd
Skiddaw (WA-255-P(2) 2003 2009 Possible 30 10 780 10000
Subsea Satellite to Floating Production
BHP Billiton Petroleum Pty Ltd
Eskdale (WA-255-P(2) 2004 2011 Possible 15 10 822 10000
No Development Scheme Announced Yet
THE ENERGY DATA ANALYSTS
www.infield.com
Australasian Deepwater
Email: [email protected]
Will Rowley
Director of Analytical Services
Deepwater maps available – limited number
Presentation is available on request – large file
www.infield.comwww.infield.com Perth 22 February 2005Perth 22 February 2005 4242
THE ENERGY DATA ANALYSTS