Slide 0 © 2012 CompactGTL plc

Unlocking Remote Oilfield Development

Asia Oil Week : 25th to 27th June 2012

Singapore

Iain Baxter – Director of Business Development

Slide 1 © 2012 CompactGTL plc

Safe, operable & industry approved technology

Increase NPV of oilfield developments

Access & develop remote oilfields onshore & offshore

Slide 2 © 2012 CompactGTL plc

World Scale GTL

Gas Monetization

300MMscf/d ++

3 Proven & Operational GTL Processes Today

Modular GTL

Oilfield Access

<= 50MMscf/d

Slide 3 © 2012 CompactGTL plc

Conventional GTL vs CompactGTL

Shell Pearl - Qatar

140,000 bbl/d GTL Products

450 Football Fields

< 5,000 bbl/d

<< 1 Football Field

Slide 4 © 2012 CompactGTL plc

Stranded Oil !

$ $ $ $

Slide 5 © 2012 CompactGTL plc

What makes some oil “stranded” ?

Remote oilfields with

enforced gas flaring

legislation

Gas re-injection is :

- Not feasible or..

- Expensive or..

- A risk to the reservoir

No infrastructure

Gas export is :

- Not feasible or..

- Expensive or..

- Has no fair gas buyer

STOP !

Slide 6 © 2012 CompactGTL plc

Onshore Opportunity

Size by Region

Offshore Opportunity

Size by Region

≈ 800 Oilfields with Problematic Associated Gas @ <50MMscf/d

Analysis by Wood Mackenzie & Fugro Robertson

Slide 7 © 2012 CompactGTL plc

Options for Associated Gas

Reinjection & Flaring

Associated Gas MMscf/d

Dis

tan

ce

to

ma

rke

t fo

r co

nve

rte

d p

rod

uct

[k

m]

150

75

400

200

50

500

FLNG

CNG

Pipeline Gas to Wire

Slide 8 © 2012 CompactGTL plc

Revolutionary Solution for Remote Oilfields

Modular GTL : Convert Associated Gas to syncrude then

Co-mingle and transport with the natural crude

Image courtesy of SBM Offshore

OFFSHORE

ONSHORE

Slide 9 © 2012 CompactGTL plc

25MMscf/d GTL Integrated FPSO – SBM Offshore

Image courtesy of SBM Offshore

• Fully Integrated Design

• Up to 50,000 bbl/d Crude Production

• 2,000 bbl/d GTL Liquids Production

Slide 10 © 2012 CompactGTL plc

Facility Flow Scheme

Separators

Crude Export

Gas

Feed Water

Syncrude

Oil & Liquids Processing

Waste Water

No Oxygen Required !

High CO2 Possible !

Slide 11 © 2012 CompactGTL plc

Modular Plant – Critical for Oilfield Projects

Modular Plant

- Inherent Reliability

- Scaleability

- Operability

- High Turn Down

- Access to Site

- Reactor Changeout

Slide 12 © 2012 CompactGTL plc

GTL Economics vs Re-injection or Gas Export

Facilities Capital Cost PV

Gas Disposal

Crude Revenue

PV

Oilfield NPV

Operations & Tax

PV

Penalties or Delay

Operations & Tax

PV

GTL Opex

Gas Re-Injection or Pipeline to Market

Facilities Capital Cost PV

GTL Plant

Integrated CompactGTL

Oilfield NPV

Syncrude PV

Crude Revenue

PV

10MMscfd ANG Processed to

1,000 bpd Syncrude

Slide 13 © 2012 CompactGTL plc

GTL Economics : Liberating Shut-In Production

Facilities Capital Cost PV

Existing Crude

Revenue PV

Oilfield NPV

Operations & Tax

PV

Operations

& Tax PV

GTL Opex

Syncrude PV

Crude Revenue

PV

Existing or Planned Field subject to ANG

Flaring Cap

Facilities Capital Cost PV

GTL Plant

Integrated CompactGTL

Oilfield NPV

Liberated Crude

Revenue PV

10MMscfd ANG

Flaring cut liberates

10,000 bpd Production @ GOR=1,000

Slide 14 © 2012 CompactGTL plc

Case Study – Onshore West Africa

• Existing oilfield operation

• GOR = 1,000 >15 years life remaining

• Flaring reduction targets restricting production

• Re-injection prohibitive

• Terrain & distance prevent gas gathering

• 10MMscf/d plant gives 1,000 bpd syncrude

• 10,000 bpd liberated crude production

• Incremental NPV US$80MM

• Low sensitivity to CAPEX & OPEX

10 MMscfd Modular Onshore

GTL Plant

CompactGTL Solution

Slide 15 © 2012 CompactGTL plc

Case Study – Onshore West Africa

Incremental Cash Flow

Economic Metrics

Undiscou

nted

Profit

$MM

NPV 10

$MM

Reserves

MMboe

NPV10/Boe

$/Boe DPIR $/$

Payback

Year

Maximum

Exposure

$MM

-0.8 81.4 3.7 22.31 0.91 2015 102.5

-200

-100

0

100

200

300

400

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036$ M

illion

(Nom

inal)

Year

Full Field Gross Cash Flow

Full Field Annual Gross Cash Flow

Full Field Cumulative Gross Cash Flow

Economics by Fugro Robertson

Slide 16 © 2012 CompactGTL plc

• Gas pre-treatment

• Pre-reforming

• Reforming

• Waste heat recovery

• Process steam generation

• Syngas compression

• Fischer Tropsch synthesis

• FT cooling water system

• Tail gas recycling

World’s first modular fully integrated GTL

facility !

Image shown courtesy of Petrobras

Plant commissioned in December 2010.

CompactGTL technology now approved by Petrobras for

deployment

Slide 17 © 2012 CompactGTL plc

Delivery – World Class Clients & Partners

FEED & PM / Execution Reactor Manufacture

Catalyst Manufacture

FPSO Integration & PM / Execution

Clients Include

Majors & IOC’s

Slide 18 © 2012 CompactGTL plc

A ‘Win-Win’ for IOC’s, NOC’s & Governments

250 km

• Safe, operable & industry approved technology

• Access & develop remote oilfields onshore & offshore

• Increase oilfield NPV

Slide 19 © 2012 CompactGTL plc

Unlocking Remote Oilfield Development

Asia Oil Week : 25th to 27th June 2012

Singapore

Iain Baxter – Director of Business Development