SEAAOC 2014
Darwin Conference Centre, NT
20 August 2014
Update from PTTEP: Interests in the Timor Sea
2
• Montara production update
• Cash-Maple status update
• Other opportunities
• Ongoing research into the Timor Sea environment
Content
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3
Number of Titles (August 2014)
Exploration Retention Production Total
Operating Assets 4 5 5 14
Total 4 5 5 14
Montara Project Cash-Maple
Southern Oil Project (100%) Timor Sea Gas Project (100%)
- AC/L7 - AC/L8
- AC/P34
- AC/RL7 - AC/P33 - AC/P54
Northern Oil
- AC/L1, AC/L2, AC/L3
PTTEP 89.6875%, Santos 10.3125%
- AC/RL 4*
PTTEP 50%, Cosmo 50%
- AC/RL 5
PTTEP 50%, Cosmo 50%
- AC/RL 6
PTTEP 50%, Cosmo 50%
- AC/P4
PTTEP 50%, Cosmo 50%
- AC/RL10
PTTEP 90%, Bengal 10%
PTTEP Interests in the Timor Sea
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4
Jabiru Challis Decommissioning
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5
Montara Production Update
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6
N
Montara
Skua
Swift & Swallow
Vulcan
• Permit: AC/L7 and AC/L8 in production
• Adjacent AC/P34 – under exploration
• Located 675 km West of Darwin in Timor Sea,
water Depth: 77-85 m
• First oil in June 2013, light sweet crude 36
Degree API
• 8 oil producing wells (5 subsea) and 1 gas
injector well
• At end June 2014: lifted 3.94MMBO
• Production rate 25,000 BOPD
• Produced gas for injection and fuel
Montara Production Update
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7 7
Cash-Maple
Cash-Maple Status Update
8 8
Cash-Maple Status Update
• Permit: AC/RL7;
– under retention lease
• Adjacent AC/P33 and AC/P54;
– under exploration for upside
potential
• Located 690 km North-West of
Darwin in Timor Sea
• Water Depth: 130 m
9 9
Seismic Technology: First for Timor Sea
10
4.0
2.0
1.0
3.0
A A’
Original Onnia 3D 1998 Arbitrary Strike Line A
A’
Seismic Technology: First for Timor Sea
10
TWT
(Sec)
5 km
11
Triassic Marker
Main Reservoir Package: (Plover/Nome Fm)
IMPROVEMENT IN IMAGING DUE TO: a) Longer Cable: 6km vs 4.5km
b) Broadband acquisition – better frequency response
c) Improved signal/noise
d) Improved Demultiple processing
A
A’
Sandalford 3D 2013 Kirchhoff PSDM Far Stack – 28 to 46 deg
Sandalford Broadband 3D
5 km
A
2.0
1.0
3.0
TWT
(Sec)
A’
Seismic Technology: First for Timor Sea
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12
AC/RL7
AC/P54 5 km
Cash-2
Maple-2
Maple East-1
AC/P54 Exploration
12
13
PTTEPAAA Acreage
Prospect
Oil Field
Gas Field
40 km
AC/P4 Dillon South-1
AC/P54 Maple East-1
2014 Exploration Drilling Program
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14
Environmental studies triggered by the Montara incident in August 2009 has led to a new
body of world class research on the Timor Sea
Montara Environmental Studies Update
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• Implemented monitoring program as agreed
with government in 2009
• Final study (birds) will be complete end 2014
• Results published on Commonwealth
Department of Environment website
• No oil reached Australian mainland /
Indonesian coast
• No discernible impact on any species or habitat
• PTTEP promoting use of data for further
research and marine management
Montara Environmental Studies Update
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• Need for better understanding of ecology of banks and shoals of
Sahul Shelf
• PTTEP has partnered with the Australian Institute of Marine Science
(AIMS) for long term study of 3 reefs close to Montara: Vulcan,
Barracouta, and Goree
• Work complements that sponsored by other companies further west
(eg Scott Reef)
Scott Reef
Ashmore Reef
Montara . . .
. Darwin
Montara Environmental Studies Update
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