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transcript
30 September 2009
BG Group in Tunisia
Disclaimer
The following presentation contains forward-looking statements concerning BG Group plc’s
strategy, operations, financial performance or condition, outlook, growth opportunities or
circumstances in the countries, sectors or markets in which BG Group plc operates. By their
nature, forward-looking statements involve uncertainty because they depend on future
circumstances, and relate to events, not all of which can be controlled or predicted. Although
the Company believes that the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove to have been correct.
Actual results could differ materially from the guidance given in this presentation for a number
of reasons. For a detailed analysis of the factors that may affect our business, financial
performance or results of operations, we urge you to look at the “Risk Factors” included in the
BG Group plc Annual Report & Accounts 2008. Nothing in this presentation should be
construed as a profit forecast and no part of this presentation constitutes, or shall be taken to
constitute, an invitation or inducement to invest in BG Group plc or any other entity, and must
not be relied upon in any way in connection with any investment decision. BG Group plc
undertakes no obligation to update any forward-looking statements.
No representation or warranty, express or implied, is or will be made in relation to the accuracy
or completeness of the information in this presentation and no responsibility or liability is or will
be accepted by BG Group plc or any of its respective subsidiaries, affiliates and associated
companies (or by any of their respective officers, employees or agents) in relation to it.
3
Integrated Gas Major
What we do
Secure
competitively priced
resources
Connect gas to
high value markets
Skills to succeed across the gas chain
• Equity reserves
• Contracted resources
• Build & access markets
• Serve customers
Integrated Gas Major
Strategy delivering value
4
Countries of current operation
Trinidad &
TobagoEgypt
Kazakhstan
UK
Argentina
India
Uruguay
Bolivia Brazil
USA
Italy
TunisiaThailand
Malaysia
Philippines
Singapore
Areas of PA
Canada
Norway
Libya
Nigeria
Oman China
Madagascar
Algeria
Chile
Australia
Active in 27 countries
Who we are
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A long term partnership with Tunisia
First gas
production
from Miskar
June 1995
Official inauguration
of Hannibal Plant
by HE President Ben Ali
March 1997
British Gas took
over assets from
Tenneco
(Amilcar Permit)
November 1988Commissioning of
compression
module on Miskar
platform
June 2005
First gas
production from
Hasdrubal
2009
Commence
Hasdrubal
project
2006
Journey to date in Tunisia
• Amilcar exploration permit in the Gulf of Gabès
• The largest producer of gas in Tunisia
• BG Tunisia total investment – by March 2009 - >$ 3 billion
• Miskar brought on-stream 1995
• Hasdrubal first gas in 2009
BG Tunisia - #1 supplier of gas
Condensate
Hannibal - Skhira
BG Tunisia Miskar current operations
BG Tunisia Miskar current operations
12 Years of Production
Numerous projects to extend Miskar
production
New reboiler installed
Bridge – linked accommodation vessel Flowline Installation
Replacement Amine stripper installation
BG Tunisia continuing to invest in Miskar
• 50/50 partnership with ETAP, the Tunisian state oil and gas company
• BG Group is operator during development
• Total investment is $1.6 billion
• Will contribute around 20% of Tunisian gas demand
• Hydrocarbon reserves of 76 million barrels oil equivalent
• On-stream in 2009
Hasdrubal project
New offshore field development providing a supply of gas,
oil/condensate, and LPG
A major partnership with Tunisia
Hasdrubal - locations and product routes
GAS
OIL/CONDENSATE
PROPANE
BUTANE
Onshore terminal
27 FEB 2007
N
Produced Water Storage &
Treatment
HP & LP Flare
Export Gas Compression
Condensate Stabilisation
FEED Compression
South Sub-Station
Fire Water Storage
Power Generation Utilities Inlet Gas & Liquid Handling LPG Loading
LT Flare
Mounded LPG Storage
De-Ethaniser
North Sub-Station
Condensate Storage
Gas Sweetening & Dehydration
Onshore terminal
Offshore platform – installed & drilling
Gabès LPG reception terminal construction
Extensive opportunities for participation
UK / Tunisia Private Sector Involvement
UK
ODE
Genesis
Fircroft
Worley Parsons
J.P Kenny Ltd
Vetco Gray UK
Tidewater marine
Orion
Moody International
Marint (Offshore UK)
Consafe
Trans global Projects Ltd
Tunisia
Pireco
Somacer S.N.C
Sarost
Shell De Tunisie
Tunisavia
Bouchamaoui Industries
Abdel & CO oilfield service
Newrest Catering Tunisie
Sotrim
Atlantis Voyage
TIC
Ste Tun. Multi-Services
HSSE Commitment to Best Practice
• HSSE / Asset integrity are BG Tunisia priorities
• Employees are trained in:
– Defensive driving
– Safety intervention
– Behaviour based safety
• Highly trained skilled workforce
– Competency assurance
– Risk management
– Permit to work system
• Monthly HSSE contractor meetings
• Monthly Management safety tours
• ISO 14001: Environment accreditation
Step up in social performance
School
Families resettled
CLO
Hospital
of Mahres
SOS Central
Heating
UNICEF
Road project
Water project
Regional Development Plan
Pavement
projectPavement Project
Youth
Glasses
• Stable political system
• Stable business environment
• Growing economy
• Transparent processes
• Sanctity of contracts
• Good relations with our stakeholders / accessibility
• Dedicated, experienced, loyal workforce
Why Tunisia?
Tunisia is a good place to invest
Our vision
• To remain Tunisia’s long term partner of choice for the
supply of natural indigenous gas
– Meet our existing responsibilities
– Ensure alignment with Tunisia’s agenda
– Invest in Tunisia’s gas future
What is next?
• Further potential investment in Miskar
• Investigate opportunities to optimise Hasdrubal
production
• Development of stranded high inert gas accumulations
• Broaden strategy beyond Amilcar permit
– Acquire new acreage
– Focused M&A
– Downstream businesses