Synergia Energy Ltd · LSE:SYN
Synergia Energy — Oilex — Non-Deal Roadshow (February 2011)
13 slides from Synergia Energy's roadshow presentation, February 2011
Slide 1: NELP IX Roadshow – India: The Oilex Experience
NELP IX Roadshow Perth – February 2011 INDIA – THE OILEX EXPERIENCE
Slide 2: Disclaimer
2 Disclaimer The presentation in this projected form and as verbally presented (Presentation) is provided on the basis that none of the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation o
Slide 3: Oilex Snapshot – History
3 Oilex Snapshot – History • Farmed into Cambay Field 2006 • Acquired additional interests in 2006 • Historical involvement of personnel in India for 15 years • Assets outside of India with Indian Indian Ocean companies • Focus on India assets • Core strength is India Oilex developed a diversified •
Slide 4: Prospectivity in India
4 Prospectivity in India • India has many basins that have been explored to limited extent only • Many basins saw main phase of exploration in 1970-1990 with the technology available at the time • Exploration justified in basins with many wells with new technology • Acreage releases in prospective b
Slide 5: An Example - Oilex Cambay project
5 An Example - Oilex Cambay project • Cambay Basin large producing basin • At the heart of Gujarat’s industrial Area • 45% and Operator of Production Sharing Contract • Joint Venture with Gujarat State Petroleum Corporation (GSPC) • Over 60 wells drilled 1957-1990 • Most had hydrocarbon Location of
Slide 6: Reserve & Resource Base – Cambay Eocene
6 Reserve & Resource Base – Cambay Eocene Reserves - Justified for Development Probability P90 P50 P10 Natural gas (BCF) 248 384 591 Condensate (MMbbls) 11 17 27 Contingent Resources - Development Pending Natural Gas (BCF) 186 324 568 Condensate (MMbbls) 8 14 26 • Attributable to Oilex Net Working I
Slide 7: Gujarat – "Growth engine of India"
7 Gujarat – “Growth engine of India” One of India’s fastest growing and most industrialised states • GDP growth rate 10.4% p.a. (av. 02-07) • Largest producer of petroleum products, chemicals and others • Major gateway for international trade • Delhi-Mumbai Industrial Corridor - US$90bn infrastructu
Slide 8: Gas Market
8 Gas Market Gas contribution to total Estimate of gas demand power generation by industry ‐ India India • India gas demand is rising fast with increasing gas fired power generation capacity • Indian gas consumption growing from 1.7 TCF (2009) to 3.1 TCF (2014) (source: BMI O&G Report). • Gas import
Slide 9: PSC and Fiscal Terms
9 PSC and Fiscal Terms • OEX 45% and Operator Cambay 73: • Joint Venture with Gujarat State Conventional vertical gas Petroleum Corporation (GSPC) condensate • Land access and approvals are through a well - shutin known and well-documented process • Good commercial terms • 9 yrs remaining + 10 yr ex
Slide 10: Expertise and Technology
10 Expertise and Technology Simulated completion scenarios modelled to determine optimum design • proprietary software • design stimulated completions • database >45,000 wells • exclusive alliance with Oilex for India • independent reserve certifier • shale gas and ultra‐tight reservoir engineering
Slide 11: Tight Gas Technology in India
11 Tight Gas Technology in India CAIRN AT THE FOREFRONT WITH APPLIED TECHNOLOGY, OILEX CLOSE BEHIND Extensive artificial Fluid + proppant fractures increases the pumped into well surface area exposed bore at pressure. Horizontal drilling and multi fracture stimulation Drilling rig and directional
Slide 12: Operations - Cambay
12 Operations - Cambay • Work through OC and MC structure • At Cambay we will introduce new technology for tight reservoirs: • Evaluation of tight reservoirs • Completion design • Multi-stage fracture stimulation • Equipment and services available in India • Global demand for tight gas services and
Slide 13: Summary
13 Summary • Operating and Management Committee structure works well • Keen interest in reducing India’s import bill • Support for introducing new technology for tight reservoirs • Recognition by DGH and MPNG of the need limited tender or sole source necessary for some services driven by global mark