www.tri-zen.com

The FLNG Forum, Perth

3-4 December 2013

Global overview of the FLNG market

Tony Regan, Principal Consultant

Tri-Zen International, Singapore

www.tri-zen.com 2 2

Introduction to TRI-ZEN

TRI-ZEN is a consulting business focused on energy and utilities

We cover upstream & downstream, technical, commercial & financial

We offer a wide range of services:

Consulting

Strategy

Business Development

Project Management

Organizational Development

Alliances

Due diligence for M&A, project finance and IPO’s

Lead consultants located across Asia with a global extended network

Clients include the leading companies in energy and professional services

based in Asia, Europe & North America

ThyssenKrupp Uhde Energy & Power

ThyssenKrupp Uhde Energy & Power

Uhde Energy & Power, Oil and Gas Centre of Excellence based in UK, supporting regional Design centres including Uhde Australia.

A technical management consultancy providing multi-discipline technical support for major capital developments. The company has a significant track record of experience in the oil & gas, LNG and power sectors worldwide providing high quality project services to asset owners, operators and contractors in the oil, gas, LNG and renewables industries.

Core engineering design services focussed around process, facilities, utilities and structures with specialist services for due diligence and peer review, feasibility study, option appraisal, conceptual design and project management.

120 professional engineers, 20 LNG professionals

Experience gained from:

Over 30 LNG import terminals

Over 15 LNG liquefaction projects

13 Floating terminal projects (both FPSO’s and FSRU’s)

11 floating liquefaction projects (FLNG)

www.tri-zen.com 4

The Global LNG Market 2013

R/P = 98

R/P = 265 R/P = 41

Trinidad

Algeria

Nigeria

Abu Dhabi

Australia

Malaysia

Indonesia

LNG

Egypt

Eq. Guinea

Angola

Russia

Peru

Norway

Libya

Alaska

Yemen Brunei Oman

Qatar

Under construction

PNG

Global liquefaction capacity (nominal) of 287 million tonnes

www.tri-zen.com 5

The Global LNG Market 2013

R/P = 98

R/P = 265 R/P = 41

Trinidad

Algeria

Nigeria

Abu Dhabi

Australia

Malaysia

Indonesia

LNG

Egypt

Eq. Guinea

Angola

Russia

Peru

Norway

Libya

Yemen Brunei Oman

Qatar

Under construction

PNG

Nominal liquefaction capacity

Qatar the largest producer with 77 million tonnes capacity in two plants

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LNG Imports

6

0

50

100

150

200

250

300

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Million tonnes

N. America Cent & S. America Europe Asia Middle East

LNG demand grew by a CAGR of 8% between 2001 and 2010 – three times the rate of growth for gas

www.tri-zen.com

Liquefaction capacity under construction

7

Project Mill tonnes Start Up Operator

Arzew Algeria 4.7 2014 Sonatrach

PNG LNG Papua New Guinea 6.3 2014 ExxomMobil

Pacific Rubialas FLNG Colombia 0.5 2014 Exmar

Qld Curtis Australia 8.5 2014 BG

Donggi-Senoro Indonesia 2 2014 Mitsubishi

Australia Pacific T1-T2 Australia 9 2014/16 Origin/CP

Gladstone LNG Australia 7.8 2015 Santos

Sarawak FLNG Malaysia 1.2 2015 Petronas

MLNG Train 9 Malaysia 3.6 2015 Petronas

Gorgon T1-T3 Australia 15 2015/16 Chevron

Sabine Pass T1-2 USA 9 2015-17 Cheniere Energy

Sabine Pass T3-4 USA 9 Cheniere Energy

Prelude Australia 3.6 2016 Shell

Wheatstone Australia 8.6 2016 Chevron

Ichthys Australia 8.4 2016 INPEX

Total 97.2

Liquefaction capacity under construction

www.tri-zen.com 8

The Global LNG Market 2017

R/P = 98

R/P = 265 R/P = 41

Trinidad

Algeria

Nigeria

Abu Dhabi

Australia

Malaysia

Indonesia

LNG

Egypt

Eq. Guinea

Angola

Russia

Peru

Norway

Libya

Yemen Brunei Oman

Qatar

Under construction

PNG

Nominal liquefaction capacity

Australia overtakes Qatar as largest LNG producer

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LNG Demand

9

Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3-13E

N. America 4.1 3.2 2.8 2.9 2.6 1.9 2.2 1.9 2.1 2.2 2.1

S. America 1.6 2.1 2.6 1.8 1.8 3.2 3.4 3.1 3 4 4.1

Europe 18.6 18.2 14.8 14.9 14.4 12.4 12.6 12.1 9.5 11 9.1

Asia 38.1 34.9 39.3 41.2 45.1 38.3 41.1 42 47.7 40.3 41.7

Middle East 0.2 1.6 1.4 0.4 0.1 1.3 1.5 0.6 0 1.1 1

Total 62.6 60 60.9 61.2 63.9 57.1 60.8 59.7 62.4 58.5 58

LNG Imports

Mill tonnes Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13

China 2.3 3.3 3.4 3.7 3.3 3.4 3.8 4.2 4.5 3.7 4.9

India 2.6 3.1 3.1 3.5 3.6 3.2 3.6 3.5 3.2 3.5 3.2

Indonesia 0.12 0.3 0.3 0.3 0 0

Japan 19.6 18.2 20.7 20.9 24 20.6 21.6 21 24.2 19.9 21.5

S Korea 11.2 7.2 7.5 10.1 11.1 7.4 7.9 9.8 12.2 9.2 8.1

Taiwan 2.5 3.1 3.6 2.9 2.9 3.4 3.6 2.9 2.9 3.4 3.7

Thailand 0.2 0.3 0.1 0.3 0.14 0.3 0.2 0.4 0.4 0.4

Total 38.2 35.1 38.7 41.2 45.2 38.3 41.1 41.9 47.7 40.2 41.8

Asian LNG Imports

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Global LNG Demand Forecast

10

0

50

100

150

200

250

300

350

400

450

500

LNG Demand Forecast

Mill tonnes

North America Central Amer/Caribb South America Europe Asia Middle East

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Reality check

Global liquefaction capacity, October 2013 291 million tonnes

Liquefaction capacity under construction 97 million tonnes

Existing plus under construction 388 million tonnes

LNG demand 2012 242 million tonnes

Estimated demand in 2020 450 million tonnes

Shortfall in liquefaction capacity 112 million tonnes*

Need another 10-16 new projects to come on stream by 2020!

*515 million tonnes of liquefaction capacity needed to meet demand of 464 million tonnes. Assumes liquefaction plants run at 90% capacity.

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Projects Planning to take Final Investment Decision in 2013

12

Project Country Mill tn FID Start up Shareholders

Fishermans Ldg Australia 3.0 2013 2014 LNG Ltd HQCEC

Timor Sea Australia 2.0 2012 2016 PTT

Scarborough Australia 6.0 2013 2016 BHP, ExxonMobil

Arrow LNG Australia 8.0 2013 2017 Shell, PetroChina

Browse Australia 15.0 2013 2018 Woodside, BP, Shell, PetroChina, MIMI

Gorgon T4 Australia 5.2 2013 2017 Chevron, Shell, ExxonMobil, Osaka Gas, Tokyo Gas, Chubu Elec

BC LNG Export Canada 1.8 2012 2014 LNG Partners, Hasla First Nation

Kitimat LNG Canada 10.0 2013 2017 Apache, Chevron

Abadi Indonesia 2.5 2013 2018 Inpex, Shell

Eq. Guinea T2 Eq. Guinea 4.4 2012 2016 Marathon,Sonagas, Mitsui, Marubeni, Union Fenosa, GALP

Tannguh T3 Indonesia 3.8 2013 2018 BP, MI Berau, CNOOC, Nippon Oi l , KG Berau, LNG Japan, Ta l i sman

Tamar FLNG Israel 3.0 2013 2015 Noble Energy, DorGas, Isramco, Pangea & Delek

Sabah FLNG Malaysia 1.5 2013 2016 Petronas

Mocambique Mocambique 20.0 2013 2018 Anadarko, ENI

Brass Nigeria 10.0 2013 2017 NNPC, ENI, ConocoPhillips, Total

Vladivostok Russia 10.0 2013 2017 Gazprom, Itochu, Japex, Inpex, Marubeni

Yamal Russia 15.0 2012 2016 Novatek, Total

Freeport LNG USA 13.2 2012 2017 Freeport LNG, Macquarie

Sabine Pass T3/4 USA 9.0 2013 2017 Cheniere

Lavaca Bay TX USA 3.0 2013 2016 Excelerate (FLSO)

146.4

Projects planning to take Final Investent Decision (FID) in 2013

Very slow progress. Only one of these projects (Sabine Pass Train 3 & 4) has actually

taken FID so far this year

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US$/tonne capacity

13

NWS T4

Darwin T1

NWS T5

Pluto T1 Gorgon

PNG LNG QCCLNG

GLNG

Icthys

Wheatstone

Pluto T2 Browse

0

500

1000

1500

2000

2500

3000

3500

2002 2004 2006 2008 2010 2012 2014 2016 2018 2020

Start up date

Aus Pacific

Increased project costs

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Projects under construction

14

Leader Topsides LNG Hull Storage Project status Location

(Constructor) Liquefaction mtpa Containment m3 Project

Shell Technip 3.6 Barge 220,000 + FEED completed 2009 Australia

(Samsung) Shell DMR Membrane 90,000 LPG + Sanctioned May 2011 Prelude

126,000 Condensate Start Up 2017

Petronas Technip/Linde 1.2 Barge FEED completed 2012 Malaysia

(DSME) MR Membrane Sanctioned 2012 Sarawak

Start up Q4 2015

Exmar Black & Veatch 0.5 Barge 16,100 + Sanctioned 2012 Colombia

(Wison) SMR floating storage Start up Q1 2015 Pacific Rubiales

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Shell - Prelude

15 years of research

1.6 million man hours working on

the engineering challenges

Front End Engineering & Design

awarded Samsung-Technip in July

2009

Final Investment Decision May

2011

Built at Samsung Heavy

Industries’s Geoje shipyard in

South Korea

Liquefaction – Shell DMR

Enters service 2016

15

Shell has entered into a Master Service Agreement with Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas facilities over a period of up to fifteen years

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FLNG - Prelude

Designed to be on site for 25 years

To be located in the Browse Basin 200

km off Western Australia

Will tap into 3 Tcf gas reserves in

Prelude, Concerto & Libra fields

5.3 mill tonnes of liquids producing:

3.6 mtpa of LNG

1.3 mtpa of condensate

0.4 mtpa of LPG

Subsea equipment – FMC,

Technologies, Technip

Turret - SBM Offshore

Controls – Emerson

Compressors – GE

Heat exchanger – Air Products

16

Prelude:

Shell 72.5%

INPEX 17.5%

KOGAS 10%

488 m x 74 m – Largest Floating Structure to Date, 600,000t Topsides

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Petronas – FLNG 1

Sarawak

To be located 180 km off Bintulu

Gas from Kanowit field

LNG capacity 1.2 mtpa

FEED Completed Feb 2012 by

Technip/Daewoo

Sanctioned March 2012

Start up planned Q4 2015

Construction – DSME, Okpo Korea

External Turret Moored

Liquefaction – Mixed Refrigerant

Membrane Storage

Tandem transfer

17

Petronas FLNG 1:

Petronas 100%

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Exmar – Pacific Rubiales

Floating Liquefaction Regasification &

Storage Unit (FLRSU)

Offshore Columbia (Caribbean)

Gas from La Creciente Field (onshore)

LNG 0.5 mtpa (70 MMSCFD)

LNG Storage 14,000 m3 Type C tank

plus 140,000 m3 floating storage

Liquefaction – SMR - Black & Veatch

PRICO

EPCIC – Wison Offshore, Shanghai

Tolling basis for 15 years

Planned start 2014

LNG Supply to Caribbean Islands

18

Pacific Rubiales:

Pacific Rubiales Energy Corp 100%

FLRSU:

Exmar 100%

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FLNG Projects

19

Early proposed projects were off West Africa but focus switched to Australia

Now going global – Malaysia, Indonesia, Iraq, Israel, Colombia and USA

FLNG

Firm

Existing

Proposed

PNG

AUSTRALIA

Greater Sunrise, 3.5 mtpa

Bonaparte, 2 mtpa

Shell/Prelude, 3.5 mtpa

Scarborough, 6 mtpa

Echuca Shoals,

1.5 mtpa

Abadi, 2.5 mtpa

INDONESIA

TIMOR LESTE PTT Cash Maple, 2 mtpa

Evans Shoal, Hoegh/DSME, 3 mtpa

Petronas FLNG, 1.2 mtpa

Petronas FLNG 1.5 mtpa

Others:

Iraq, Shell, Mitsubishi 2 mtpa

Israel, Noble, Delek, DSME

Colombia, Exmar 0.5 mtpa

USA , Excelerate 3 mtpa, Main Pass 24 mtpa

Browse, 12 mtpa

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Proposed FLNG projects

20

Proposed

Country Project MTPA FID Start up Partners

Australia Greater Sunrise 4 2020 Woods ide, Shel l , ConocoPhi l l ips , Osaka Gas

Australia Cash Maple 2 2013 2016 PTT

Australia Bonaparte 2 2015 2018 GDF Suez, Santos

Australia Scarborough/Pi lbara 6 2014 2020 ExxonMobi l , BHP

Canada BC FLNG - Douglas Channel 0.7 2015 Hais la Nation and Douglas Channel Services

Indonesia Abadi 2.5 2015 2018 Inpex, Shel l

Israel Tamar 3 2013 2018 Noble Energy, DorGas , Is ramco, Pangea, Delek, Avner

Malaysia FLNG2 - Sabah LNG 1.5 2013 2016 Petronas

USA Port Lavaca 4 2013 2018 Excelerate Energy, RWE

USA G of M FLNG 1 2014 2017 EDF Trading, Exmar

26.7

www.tri-zen.com Confidential

Status FEED/Pre FEED stage

21

Country Project MTPA FID Start Up Sponsors

FEED complete

USA Lavaca Bay 3 2013 2018 Excelerate, RWE

FEED in progress

Canada BC LNG Export Co-Op 0.7 2015 Hais la Nation and Douglas Channel Gas Services

Indonesia Abadi 2.5 2013 2018 Inpex, Shel l

Malaysia Sabah LNG 1.5 2013 2016 Petronas

Pre FEED complete

Australia Cash Maple 2 2013 2016 PTT

Pre FEED in progress

Australia Bonaparte 2 2014 2018 GdF Suez Santos

Israel Tamar 3 2013 2015 Noble Energy, DorGas , Is ramco, Pangea & Delek

Eight projects at the Pre-FEED/FEED stage

www.tri-zen.com Confidential

Excelerate - USGC

Excelerate Energy’s FLSO

Lavaca Bay near Galveston, Texas

Capacity 3 mtpa LNG

LNG storage 250,000 m³

Fully integrated gas processing plant.

Length 338 meters

Breadth of 62 meters.

FEED is in an advanced phase and Excelerate expect to complete it by end 2012

Commissioning – 2017 (44 months from final investment decision)

22

Floating Liquefaction Storage Offloading

vessel (FLSO™)

“Can accommodate a wide range of gas compositions at its inlet making it well suited for virtually any application near shore or offshore”

www.tri-zen.com

INPEX - Abadi

Abadi field, Masela block, Indonesia

Pre FEED completed

FEED award expected Q4 2012

FID 2014

Start up 2017/18

LNG 2.5 mtpa

Dual FEED proposed:

Chiyoda, Saipem, Hyundai, SBM Offshore

JGC, Technip, Samsung

23

Abadi:

INPEX 60%

Shell 30%

Energi Mega Persada 10%

www.tri-zen.com Confidential

Petronas - Sabah

Unit 2 - Sabah

1.5 MTPA

2 FEEDs awarded, complete mid 2013

JGC/Samsung

MITC (MODEC/IHI/Toyo/CB&I)

Sanction planned late 2013

Start up planned Q4, 2016

Picture courtesy of Technip

www.tri-zen.com Confidential 25

•Timor Sea, Australia

•Gas supply - Montara, Cash, Maple

•Pre FEED 2011

•FEED ?

•FID ?

•LNG 2.5 mtpa

•25,000 m3 NGL

•25,000 m3 LPG

•Hull Length 320 m, width 60 m

•SPB Tanks SS

•Liquefaction - SMR (LiMuM)

•CO2 up to 10% mol

PTT - Cash/Maple

Cash/Maple:

PTT

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GdF Suez – Bonaparte LNG

Bonaparte LNG off western Australia

Gas from Tern, Petrel & Frigate fields

Pre FEED by Doris & KBR

FEED expected 2013

FID 2014

Start up 2018

LNG production 2 mtpa

26

Bonaparte LNG

GdF Suez 60%

Santos 40%

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Höegh LNG - Tamar

Tamar & Dalit fields off Israel

3.5 mtpa LNG

Produces LNG, LPG and NGL

Storage 190,000 m3 LNG

Membrane Tanks

Lummus Niche (N2/CH4)

Direct GT driven compressors

Pre Feed 2012 (KBR)

EPCIC – DSME

Construction - DSME

27

King LNG:

Tamar partners tbc

Höegh LNG tbc

DSME E&R tbc

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SBM & Golar LNG;

Considering conversions – expected to be 6-12 months shorter schedule than new build;

0.5- 2.0 mtpa LNG

Both smaller scale - probably focused towards smaller developers;

Golar – FEED being done by Keppel

3 Possible Vessel Conversions;

Contract Value of $600m Quoted ;

SBM - Generic pre-FEED complete

28

Unconventional FLNG

www.tri-zen.com Confidential

Potential FLNG projects

29

Potential

Australia Browse 12 2014 2018 Woods ide, Shel l , PetroChina, MIMI

Australia Evans Shoal ENI, Shel l

Australia Echuca Shoal 1.5 Nexus Energy

Cameroun Gulf of Guinea 3 GDF Suez, SNH

Gabon Shel l

Iraq Basrah 2 Shel l Mitsubishi

Mauritanea Banda NW & West Tul low

Mocambique Rovuma Basin Pangea LNG

Namibia Kudu Ph 2 1.5 Tul low

Papua New Guinea PNG FLNG 3 2015 Hoegh, DSME, Petromin

Tanzania Block 1 BG, Statoi l

USA South Texas LNG 8 2018 Pangea LNG

USA Main Pass 24 2017 United Energy, Freeport-McMoRan Energy

USA Waller Point 1.25 Waller Energy

USA Port Arthur 3 2020 Sempra Energy

USA CE FLNG 1.5 2016 Cambridge Energy Holdings

60.8

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Höegh LNG - PNG

PNG FLNG formed 2011 to monetise gas from Foreland Basin

1.6 – 2.0 mtpa LNG

Produces LNG, LPG and NGL

Storage 190,000 m3 LNG

Membrane Tanks

Lummus Niche (N2/CH4)

Direct GT driven compressors

Status: Generic FEED Complete

30

PNG FLNG:

Petromin 34%

Höegh LNG 33%

DSME E&R 33%

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Total FLNG

Total FLNG concept

Liquefaction 1 to 3.8 mtpa

Length 290-480 m

Can treat raw gas up to 17% CO2

BoD completed for 2.5 mtpa

Turret moored with header control

Liquefaction – N2

Storage 245,000 m 3 membrane, two rows

Tandem offloading

All electric drive

Pre FEED undertaken 2011

31

www.tri-zen.com

Hyundai FLNG

Hyundai FLNG concept

2.5 mtpa

Liquefaction Linde LIMUM SMR

L 355m, B 70m, D 35 m

Storage 193,800 m3 LNG (GTT Mark III Membrane, two row)

DNV Approval in Principle Nov 2011

Turret mooring

Side by side transfer LNG, tandem for condensate

32

www.tri-zen.com Confidential 33

Conceptual design

Hull Length = 400 m

Hull Width = 80 m

LNG 3 to 6 mtpa

Storage 350,000 m3 LNG

Membrane Tanks

Liquefaction CP Optimised Cascade

Technip undertaking conceptual study

FEED award by end 2013

ConocoPhillips FLNG

Potential locations - ConocoPhillips is aiming at the Timor Sea discoveries of Calidita and Barossa in joint venture with SK Energy and the Greater Poseidon in the offshore Western

Australia Browse basin.

ThyssenKrupp Uhde Energy & Power CAPEX & OPEX

CAPEX Metrics – care not all LNG-FPSOs are created equal!

OPEX

Production Cost $/MMBTU

LNG Value Chain

Options to Improve economics

Background Graph courtesy of FlexLNG

ThyssenKrupp Uhde Energy & Power

Significant variations depending on gas composition (high/low C3, C4, condensate) and CO2, N2 content

High liquids content considerably increases commercial attraction.

Shell’s 3.5 mtpa concept thought to attract bids at around $1,000/tpa.

Flex LNG indicating an estimate of $550-760/tpa for 2.0 mtpa liquefaction capacity (US$1.1 to 1.3 bn). OPEX indication US$110,000/day

CAPEX figures exclude field development costs. Cost figures still indicative until full design completed for specific location/resource.

35

What will FLNG cost

Early capital cost estimates

$ 600/tpa $ 1,200/tpa

Recent indicative cost

$ 1,000/tpa ± 30%

* Figures in US$

ThyssenKrupp Uhde Energy & Power

Recent CAPEX estimates

Recently completed front-end engineering and design (FEED) study estimates a cost of $540 per tonne per annum for Lavaca Bay project

“An FLNG inclusive of mooring is achievable in a range of $550-700 per tonne” Excelerate Energy

“CAPEX = 1000 USD per ton per annum (tpa) installed capacity” Kanfa Aragon for 2 mtpa LNG

4 mtpa LNG - Benign Metocean Environment ~$750/tpa, Severe Metocean Environment ~$900/tpa. ATP Oil & Gas Cylindrical hull

36

ThyssenKrupp Uhde Energy & Power

Indicative FLNG CAPEX

Building Block $ million

Hull & Accommodation 580

Turret 40

Gas Reception 70

Feed Gas Compression later

Gas Treatment 50

Gas Liquefaction 360

LPG Stabilisation option

Power Generation 80

Utility Systems 80

Offloading 10

Interconnecting Pipework 30

Total 1300 765 $/TPA

Contingency 30% 390

Owner's Costs 130

Total 1820 1071 $/TPA

Production 1.7 MTPA

CAPEX Depreciation (15 years) 71 $/T

CAPEX Depreciation (15 years) 1.4 $/MMBTU

Metric

Low Cost Scenario (1.7 MTPA, Lean Gas no LPG/Condensate

ThyssenKrupp Uhde Energy & Power

OPEX (Operating Cost) Components

Fuel Gas (Feed Gas)

What cost rate? Free of charge, nominal, lost LNG sales

Manning/Crew

80 People

Tugs

Assume 3 x 80-90 t pull

Maintenance

Offshore?

Port?

Chemicals & Consumables

Possible Project Financing Costs

Interest & Insurance Exclude (Owner Dependent)

Picture courtesy of SBMLinde

ThyssenKrupp Uhde Energy & Power

OPEX (Operating Cost)

Component $ million/year

Fuel Gas (15% Gas Feed) 17 $1.5/MMBTU

Manning (120 people) 15

Maintenance (4% CAPEX) 38

Tugs 10

Base Support, Helicopters 10

Miscellaneous 10

Total 100

Production 1.7 MTPA

Production Cost 59 $/ton

Production Cost 1.2 $/MMBTU

Note: Excludes any project financing costs

Estimate 1.7 MTPA LNG Production

ThyssenKrupp Uhde Energy & Power

Production Cost Summary

$/MMBTU

FLNG CAPEX Depreciation 1.4

FLNG OPEX 1.2

FLNG Production Cost 2.6

Gas Feed Cost (Subsea) 2.0

Shipping Cost 1.0

Storage & Regas Cost 1.0

Total Cost 6.6

Lowest Cost Scenario 1.7 MTPA

ThyssenKrupp Uhde Energy & Power

Overall Production Cost - Lowest Cost Scenario

FLNG (say 2.6)

LNG Shipping (say 1.0)

Storage & Regas (say 1.0) 6.0

4.0

2.0

Gas Feed Cost (say 6.0)

$US/MMBtu (MCF)

Production Cost* 10.6 (LNG Selling Price typically US$15-17/MMBtu )

*Costs exclude Interest and Insurance

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FLNG Projects

0

5

10

15

20

25

2014 2015 2016 2017 2018

FLNG units Mill tonnes

Pacific Rubiales Petronas I Shell, Prelude Petronas II Excelerate, USA

PTT Cash/Maple Noble/DSME, Israel Inpex/Shell, Abadi GdF Bonaparte

42

Three under construction, another six hope to take FID shortly. Potentially almost 20 mill tonnes production from FLNG units by 2018

www.tri-zen.com

Tangguh, 7.6 mtpa

PNG LNG, 6.3 mtpa

PNG

AUSTRALIA NWS Train 1 - 5, 16.3 mtpa

Darwin, 3.7 mtpa

Greater Sunrise, 4 mtpa

Bonaparte, 2 mtpa

Ichthys, 8.4 mtpa

Prelude, 3.6 mtpa

Pluto, 4.3 mtpa

Gorgon, 15 mtpa

Scarborough, 6-7 mtpa

Wheatstone, 8.6 mtpa

Fisherman’s Landing, 1.5 mtpa

Australia Pacific, 7 mtpa

Arrow Energy 8 mtpa

Gladstone, 7.8 mtpa

Queensland Curtis, 8.5 mtpa

Echuca Shoals, 1.5 mtpa

Abadi, 2.5 mtpa

INDONESIA

TIMOR LESTE

Bontang, 23 mtpa

Cash Maple, 2 mtpa

Evans Shoal, Hoegh/Talisman, 2 mtpa

Donggi Senoro, 2 mtpa

Browse 12 mtpa

The way to go - FLNG

FLNG (shown in red) becoming the norm for the development of offshore production

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R/P = 98

R/P = 265 R/P = 41

FLNG Projects Firm Proposed

Iraq

Canada

USA

Colombia

Gabon

Namibia Mocambique

Israel

Malaysia

Indonesia

Australia

PNG

FLNG Projects

www.tri-zen.com 45

We add value

Strategy

Asset optimisation

Sector studies

Market studies

Forecasting

Commercial and technical studies

Commercial representation

New market entry

Detailed business cases

Project finance and management

Mergers & Acquisitions

Organisational Development

Based in Singapore with consultants

in:

Bangkok

Beijing

Hong Kong

Melbourne

Perth

Sydney

Calgary

London

TRI-ZEN International Pte Ltd

Ocean Financial Centre 40-00, 10 Collyer Quay, Singapore 049315

Tel: 65 6254 4791 tony.regan@tri-zen.com