Transcript Delivering Deepwater Developments in Australasia

THE ENERGY DATA ANALYSTS
Australasian Deepwater –
Opportunities & Global Context
Will Rowley - Director of Analytical Services
Infield Systems Ltd.
www.infield.com
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.com
Perth 22 February 2005
2
THE ENERGY DATA ANALYSTS
Infield Systems Ltd, aka ‘Infield’ or ISL
• 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
Facility $m
600
800
0
3000
500
Africa
Australasia
Latin America
North America
Asia
Europe
Middle East
1000
1500
2000
25
FPSs
FPSO
1000
2500
500
Units
20
CABGOC
Shell
Woodside
CNR
Star Deep
Oil Co.
ConocoPhillips
Statoil
1000
Spar
1500
2000
BP
ExxonMobil
Total
1500
30
2000
$m
Year Installed
500
TLP
Other
8,000
15
7,000
10
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
Ultra-deep
0
1999 2000 2001 2002 2003 2004 2005 20065 2007 2008
Actual Year of Spend
0
0
0
Deep
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
500
Actual Year of Spend
Shallow
6,000
4,000
1999 2000 2001 2002 2003 2004 20053,000
2006 2007 2008
Year Installed
2,000
1,000
FPSO
400
2000
600
2500
2001
2003
2005
2007
2009
2011
2013
Actual Year of Spend
1997
2000
2003
2006
2009
2012
200
1500
0
1999
1994
0
1000
5,000
$m
WD (m)
2500
2500
1000
3000
WD (m)
400
WD (m)
200
$m
0
FPSs
TLP
800
Spar
1000
Other
1200
1400
Platform installed WD
2 per. Mov. Avg. (Platform installed WD)
1600
* To international operators & contractors that account for operations on over 87% of the annualised offshore capex worldwide
www.infield.com
Perth 22 February 2005
3
THE ENERGY DATA ANALYSTS
Definitions & Clarifications
Water-depth
Shallow
Deepwater
Ultra-deepwater
<500m
≥500m
≥1500m [subset of deepwater]
Units, Values & terminology
Units
Values
Prospects
Forecasts
Trends
www.infield.com
as noted
US$m, Development Expenditure
Identified developments
ISL view on reality of next five years (units & $)
Indications for 5yr+
Perth 22 February 2005
4
THE ENERGY DATA ANALYSTS
Europe
North America
Asia
Middle East
Africa
Latin America
Australasia
Definitions & Clarifications - Regions
www.infield.com
Perth 22 February 2005
5
THE ENERGY DATA ANALYSTS
Global Deepwater – Trends & Sectors
www.infield.com
Perth 22 February 2005
6
THE ENERGY DATA ANALYSTS
Nos. offshore fields in prospect p.a worldwide
Nos.
Actual
300
Shallow
250
Deep
200
Ultra-deep
Prospects not forecasts
Prospects
Most of these very low status,
marginal & won’t be developed
and form a ‘bow wave’ to the
right
150
100
50
0
1994
1997
2000
2003
2006
2009
2012
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.com
Perth 22 February 2005
7
THE ENERGY DATA ANALYSTS
No. fields due on-stream growing on the back of extensive (and
expensive) E&A activity over past 5 yrs
60
5 yr forward – high
degree of confidence
Ultra-deep
50
Deep
Nos.
40
Trend lines
30
But the 5-10yr window
is harder to predict
20
10
0
1999
www.infield.com
2001
2003
2005
2007
2009
2011
Perth 22 February 2005
2013
8
THE ENERGY DATA ANALYSTS
Deepwater development solutions under consideration - prospects
45
40
35
Nos
30
25
20
No Dev. Yet
Floating
Floating or Subsea (Alt.)
Fixed & Subsea
Fixed
ERD &/or Subsea
Subsea Sat. to Floating
Subsea Sat. to Fixed
Subsea Sat. to Onshore
Notice lag of subsea to
floating & high
visibility of subsea
prospects
Subsea to shore –
growth area, Egypt,
Norway, Brazil
15
10
5
0
1994
www.infield.com
1997
2000
2003
2006
2009
2012
Perth 22 February 2005
Lack of visibility of
development solutions
in the longer term even
with deepwater
9
THE ENERGY DATA ANALYSTS
Expenditure Levels
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
www.infield.com
Perth 22 February 2005
10
Platforms
Scale of deepwater activity – key sectors
00-04 $13.7bn
05-09 $20.6bn
6000
Platforms
Subsea
Pipelines
5000
$m
4000
Subsea
00-04 $7.9bn
05-09 $17.3bn
3000
Pipelines
2000
00-04 $9.1bn
1000
05-09 $14.8bn
0
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Actual Year of Spend
$55bn deepwater development expenditure 05-09 – all sectors
Peaking at $13.7bn in 2006 – installed facilities & infrastructure costs
THE ENERGY DATA ANALYSTS
Platform Expenditure
6000
5000
$m
4000
Africa
Australasia
Middle East
North America
On-stream Model
Asia
Europe
Latin America
Trend
An exceptional peak?
?
3000
2000
1000
0
1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014
Actual Year of Spend
High visibility & certainty
Or the first in a series of
development waves? –
early indicators
What could impact on this
trend?
US GoM, West Africa,
India, China, Mexico,
Indonesia, Malaysia etc
Medium visibility & certainty
Low visibility & certainty
www.infield.com
Perth 22 February 2005
12
THE ENERGY DATA ANALYSTS
Development scenarios
6000
5000
$m
4000
Forecast
Actual
CPT
Semi-Sub
Spar
Trend
Ship-Shaped
TLP
Trend
This is dominated by large
newbuild FPSOs – we believe a
peak
But still close to $3bn/yr spent
on platforms in the longer term
3000
2000
1000
0
1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014
Rationale -
Actual Year of Spend
Need to ascertain success of current crop of large facilities – return on investment
Part of peak one-off infrastructure development – West Africa & hubs
Cheaper development solutions especially in new deepwater arenas
Increasing focus on subsea
www.infield.com
Perth 22 February 2005
13
Average Platform Cost at Sanction (Actual & Intentions)
•600
•500
•$m
•400
Statistical Linear Trend
•300
•200
Forecast Trend After
Lessons Learnt
•100
•0
•1985 •1988 •1991 •1994 •1997 •2000 •2003 •2006 •2009
•Year Of Sanction
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
THE ENERGY DATA ANALYSTS
In terms of the number of deepwater
platforms installed
18
FPS
FPSO
16
14
Other Fixed
Other Floaters
SPAR
TLP
00-04 = 35
04-08 = 68
Nos.
12
59% = FPSO (Africa, Brazil, Asia &
Australasia)
10
8
6
Notice low visibility of Spars & TLPs
– reflection of their short
development schedules
4
2
0
1989
1992
www.infield.com
1995
1998 2001 2004
Installation Year
2007
2010
2013
Note also a lack of projects
scheduled for installation in
2010/11, partly because of ‘rollover’
of projects to outside a 5 yr window
Perth 22 February 2005
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THE ENERGY DATA ANALYSTS
Water Depth Trends
Year Installed
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
500
Overall trend continues
downward
WD (m)
1000
1500
FPSO
2000
FPSs
Increasing diversity of
solutions in type and size
TLP
2500
Spar
Other
3000
www.infield.com
Perth 22 February 2005
Sphere size reflects relative
cost scale
16
THE ENERGY DATA ANALYSTS
Dry Tree Solution – cost trends
700
TLP
Spar
Linear (TLP)
Linear (Spar)
600
Not all cost trends are
upwards – mini TLPs &
repeat designs pulling
average costs down
$m
500
400
300
200
100
0
1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016
www.infield.com
Perth 22 February 2005
17
THE ENERGY DATA ANALYSTS
TLP – Cost trend by water depth
Year Installed
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
TLP – growing distinction
between large & small
facilities
500
700
WD (m)
900
1100
1300
1500
1700
1900
Kikeh
www.infield.com
Perth 22 February 2005
18
THE ENERGY DATA ANALYSTS
Spar - Cost trend by water depth
1996
1998
2000
Year Installed
2002
2004
2006
2008
2010
500
WD (m)
1000
1500
2000
2500
Spar
3000
Consistent trend down to 2,000m
Possibilities here in Atwater Valley (US GoM)
www.infield.com
Perth 22 February 2005
19
THE ENERGY DATA ANALYSTS
Cost trend by water depth – dry trees
Year Installed
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
500
WD (m)
1000
Key zone of interaction
between Spars & TLPs
1500
2000
2500
TLP
Often compete –
alternative scenarios
Spar
3000
www.infield.com
Perth 22 February 2005
20
THE ENERGY DATA ANALYSTS
Deepwater FPSOs
Year Installed
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
500
Vary considerably in scale &
design – newbuilds &
conversions
WD (m)
1000
1500
2000
2500
FPSO
3000
www.infield.com
Perth 22 February 2005
21
THE ENERGY DATA ANALYSTS
FPSs – Semi-submersibles
Year Installed
1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
500
WD (m)
1000
1500
2000
2500
FPSs
3000
Key hub developments in many regions –
especially US & Brazil
www.infield.com
Perth 22 February 2005
22
THE ENERGY DATA ANALYSTS
Regions – Trends & Sectors
www.infield.com
Perth 22 February 2005
23
THE ENERGY DATA ANALYSTS
Deepwater reserves due on-stream per annum
Mid-term trend
MMBOE
North America
12,000
Middle East
10,000
Latin America
8,000
Large Africa fields
coming on-stream
clearly visible
Europe
Australasia
6,000
Asia
4,000
Africa
2,000
1994
www.infield.com
1997
2000
2003
2006
2009
Perth 22 February 2005
2012
24
THE ENERGY DATA ANALYSTS
Deepwater overall expenditure by region
6000
5000
Africa
Australasia
Europe
Latin America
Middle East
North America
4000
$m
Asia
Mid-term trend?
3000
2000
1000
0
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Actual Year of Spend
North
America
26%
Note - growing importance of Africa
Note – emergence of Asia & Australasia
Africa
41%
Asia
Latin
5%
America
Australasia
23%
Middle
2%
East Europe
3%
0%
04-08 $m %
www.infield.com
Perth 22 February 2005
25
Every Region Experiencing Some Growth (5yr vs 5yr)
•6000
•5000
•Asia
•Australasia
•Latin America
•North America
•Africa
•Europe
•Middle East
•2000
•2003
•$m
•4000
•3000
•2000
•1000
•0
•1999
•2001
•2002
•2004
•2005
•2006
•2007
•2008
•Actual Year of Spend
Significant growth in Asia & Australasia
All deepwater sectors
THE ENERGY DATA ANALYSTS
Australasia – 2% market share 04-08
300
Control Lines
250
Riser
Pipelines
200
$m
Subsea
150
Small number of developments
but an emerging market
Platforms
100
Enfield & Stybarrow FPSOs
50
0
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Actual Year of Spend
200
180
$m
Led by local players at present
Are there enough prospects to
maintain momentum?
Woodside
160
140
120
BHP Billiton
100
80
60
40
20
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Platform expenditure
www.infield.com
Perth 22 February 2005
27
THE ENERGY DATA ANALYSTS
No. of new fields brought on-stream by
operators - Global
45
Top 10
35
14
30
Nos.
The number of fields brought onstream by top ten operators
increases but it is the remaining
operators who are growing in
influence.
Balance
40
25
8
10
20
20
11
14
27
26
7
20
3
15
0
10
3
5
9
3
14
27
16
17
7
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
120
Operators
80
Nos.
The number of field owners is also
increasing and there is a trend of
owners eventually moving into
operatorships as their experience
grows.
Field Owners
100
60
40
20
0
1994
www.infield.com
Perth 22 February 2005
1997
2000
2003
2006
2009
2012
28
THE ENERGY DATA ANALYSTS
Global subsea development expenditure
5000
Africa
Asia
4500
Australasia
Europe
4000
Latin America
Middle East
3500
Middle
East
1%
North America
3000
$m
North
America
21%
2500
2000
Africa
47%
Latin
America
21%
1500
1000
500
Europe
2%
0
Austral'
2%
Asia
6%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Year Installed
120
100
$m
80
Woodside
Esso Australia
ChevronTexaco
BHP Billiton
60
40
Australasia subsea deepwater
20
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
www.infield.com
Perth 22 February 2005
29
THE ENERGY DATA ANALYSTS
Worldwide deepwater subsea production well trends
Year
1988, 684m
Brazil
1000m
1993, 1027m
Brazil
1997, 1709m
Brazil
1998, 1853m
Brazil
2000, 1877m
Brazil
2000m
2002, 2198m US
GoM
2003, 2316m US
GoM
2005, 2408m US
GoM
2007, 2682m US
GoM
WD
www.infield.com
2008, 2953m US
GoM
Perth 22 February 2005
3000m
30
THE ENERGY DATA ANALYSTS
Australasia – Development Strategies
www.infield.com
Perth 22 February 2005
31
THE ENERGY DATA ANALYSTS
Australasia – combined deepwater expenditure
300
250
Control Lines
Control
Lines
1%
Riser
Pipelines
$m
200
Riser
1%
Pipelines
12%
Subsea
Platforms
Platforms
46%
150
100
Subsea
40%
50
0
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Actual Year of Spend
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)
www.infield.com
Perth 22 February 2005
32
THE ENERGY DATA ANALYSTS
Asia – combined deepwater expenditure
1000
Riser
800
Pipelines
700
Riser
3%
Pipelines
31%
Subsea
600
$m
Control
Lines
3%
Control Lines
900
Platforms
31%
Platforms
500
400
300
200
100
0
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
Actual Year of Spend
Subsea
32%
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.com
Perth 22 February 2005
33
THE ENERGY DATA ANALYSTS
Asia - Cost trend by water depth – all platforms
Year Installed
1998
2000
2002
2004
2006
2008
2010
0
Australasian
experience can
be used in Asia
200
400
WD (m)
600
800
Kamunsu
1000
1200
1400
Kikeh
1600
1800
2000
The number & scale of prospects is growing all
the time – the key question is timing
www.infield.com
Perth 22 February 2005
34
THE ENERGY DATA ANALYSTS
Asia & Australasia deepwater subsea production well
trends
Year Installed
2000
2002
2004
2006
2008
2010
2012
2014
2016
0
200
400
WD (m)
600
800
1000
1200
1400
Asia
1600
Linear (Asia)
1800
2000
Continued move into deeper waters expected
www.infield.com
Perth 22 February 2005
35
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.com
Perth 22 February 2005
36
Asian Deepwater Prospects
THE ENERGY DATA ANALYSTS
Country
Philippines
Philippines
Indonesia
India
Philippines
Indonesia
Malaysia
India
Indonesia
Indonesia
Indonesia
Japan
Malaysia
India
India
Malaysia
Indonesia
Brunei
Malaysia
Indonesia
India
Malaysia
India
Philippines
Indonesia
Indonesia
India
Indonesia
Indonesia
India
Malaysia
Indonesia
Indonesia
Philippines
Indonesia
Indonesia
Indonesia
Indonesia
Indonesia
Operator
Shell
Shell
Unocal
Reliance
Shell
Unocal
Murphy
ONGC
Unocal
Unocal
Unocal
Japex
Shell
ONGC
ONGC
Shell
Unocal
Shell
Shell
Unocal
Murphy
Murphy
ONGC
Shell
Unocal
Unocal
ONGC
Amerada Hess
Amerada Hess
Reliance
Murphy
Inpex
Unocal
Shell
Unocal
Unocal
Unocal
Unocal
Unocal
www.infield.com
Field
Malampaya (SC-38)
Malampaya Oil Rim EWT (SC-38)
West Seno
D6 Field (KG-DWN-98/3) (Dhirubhai)
Malampaya Oil Rim (SC-38)
Gehem
Kikeh (Sabah Block SB-K)
M Field (KG-DWN-98/2) (Padmavati)
Merah Besar
Sadewa
Aton
Sanriku Oki
Kamunsu East North
Krishna-Godavari KD-1-1
Annapurna (KG-DWN-98/2 R-Cluster)
Gumusut (Sabah SB-J)
Hijau Besar
Merpati/Meragi
Kamunsu East
Janaka North
D6-D1 Field (KG-DWN-98/3)(Dhirubhai Southeast
Kikeh Kecil (Sabah Block SB-K)
Krishna-Godavari G-4
Camago (SC-38)
Ranggas
Gendalo
N Field (KG-DWN-98/2)
Halimun (Tanjung Ara)
Papandayan (Tanjung Ara)
D6-F1 Field (KG-DWN-98/3) (Dhirubhai East)
Kakap (Sabah Block SB-K)
Jambu Aye Utara
Bangka
San Martin (SC-38)
Putih Besar
Gula
Gandang
Gada
Maha
DISC.
1992
2000
1998
2002
2000
2003
2002
2001
1997
2003
1999
2000
2000
2000
2001
2004
1998
1993
1999
1999
2003
2003
2004
1989
2001
1999
2001
2002
2002
2003
2004
1984
1999
1982
1997
2000
2000
2000
2002
ON
2001
2001
2003
2006
2006
2006
2007
2007
2007
2008
2008
2008
2008
2008
2008
2008
2009
2009
2009
2009
2009
2009
2009
2009
2009
2010
2010
2010
2010
2010
2010
2011
2011
2012
2012
2012
2014
2015
2016
Perth 22 February 2005
STATUS
Producing
Suspended
Producing
Firm Plan
Possible
Probable
Firm Plan
Possible
Probable
Firm Plan
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Possible
Probable
Probable
Possible
Possible
Possible
Possible
Possible
Possible
Licence Surrendered
Possible
Possible
Possible
Possible
Possible
Possible
Possible
WD
820
845
953
900
845
1823
1340
500
520
550
1150
857
1000
844
1030
1000
686
500
737
1316
1280
1359
500
736
1616
1425
500
1061
555
1756
926
1200
980
850
535
1844
1684
1897
742
DEVELOPMENT TYPE
Fixed Production Platform and Subsea
Floating Production
Floating Production
Floating Production or Subsea (Alternative)
Floating Production
Subsea Satellite to Onshore Facility
Floating Production
Subsea Satellite to Floating Production
Floating Production
Floating Production
Subsea Satellite to Floating Production
No Development Scheme Announced Yet
Floating Production or Subsea (Alternative)
Subsea Satellite to Onshore Facility
Fixed Production Platform and Subsea
Floating Production
Subsea Satellite to Floating Production
No Development Scheme Announced Yet
Subsea Satellite to Fixed Production
Subsea Satellite to Floating Production
No Development Scheme Announced Yet
Subsea Satellite to Floating Production
No Development Scheme Announced Yet
Subsea Satellite to Fixed Production
Floating Production or Subsea (Alternative)
Floating Production or Subsea (Alternative)
No Development Scheme Announced Yet
No Development Scheme Announced Yet
No Development Scheme Announced Yet
No Development Scheme Announced Yet
No Development Scheme Announced Yet
No Development Scheme Announced Yet
Subsea Satellite to Floating Production
No Development Scheme Announced Yet
Subsea Satellite to Floating Production
Subsea Satellite to Fixed Production
Subsea Satellite to Fixed Production
Subsea Satellite to Fixed Production
Subsea Satellite to Floating Production
37
THE ENERGY DATA ANALYSTS
Australia – Opportunities
www.infield.com
Perth 22 February 2005
38
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.com
Perth 22 February 2005
39
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 NAME
YEAR
DISC.
YEAR ON
STREAM
STATUS
OIL
RES
GAS
RES
Esso Australia
Resources Ltd
Scarborough
1979
2010
Possible
6000
ChevronTexaco
Australia Pty Ltd
Chrysaor
(Gorgon Area)
1995
2012
Possible
2900
BHP Billiton
Petroleum Pty Ltd
Novara (WA155-P(1)
1995
2012
Possible
Woodside Energy
Ltd
Enfield (WA271-P)
1999
2006
Under Devt
Woodside Energy
Ltd
Laverda (WA271-P)
2000
2008
BHP Billiton
Petroleum Pty Ltd
Stybarrow
(WA-255-P(2)
2003
BHP Billiton
Petroleum Pty Ltd
Skiddaw (WA255-P(2)
BHP Billiton
Petroleum Pty Ltd
Eskdale (WA255-P(2)
www.infield.com
COND
RES
45
75
WD
PROD RATE
OIL (BPD)
PROD RATE
GAS(MMCFD)
DEVELOPMENT TYPE
912
600
Floating Production or
Subsea (Alternative)
818
360
Subsea Satellite to Onshore
Facility
1015
30000
Subsea Satellite to Floating
Production
111
11
520
65000
Floating Production
Firm Plan
65
20
850
35000
Subsea Satellite to Floating
Production
2007
Firm Plan
50
10
825
20000
Floating Production
2003
2009
Possible
30
10
780
10000
Subsea Satellite to Floating
Production
2004
2011
Possible
15
10
822
10000
No Development Scheme
Announced Yet
Perth 22 February 2005
40
THE ENERGY DATA ANALYSTS
Australasian Deepwater
Will Rowley
Director of Analytical Services
Email: [email protected]
Deepwater maps available – limited number
Presentation is available on request – large file
www.infield.com
THE ENERGY DATA ANALYSTS
www.infield.com
Perth 22 February 2005
42