PDO Overview Budapest Energy Summit Women in Energy Conference - - PowerPoint PPT Presentation

PDO Overview

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Haifa Al Khaifi - PDO Finance Director December 2018

Budapest Energy Summit Women in Energy Conference

To be Renowned and Respected for the Excellence

• f our People and Value we Create for Oman and

all our Stakeholders.

P D O V i s i o n

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• African, Indian and Eurasian

plates meet the Arabian plate in close proximity to Oman

• “Crumple Zone” effect
• Results in smaller field sizes
• Diverse reservoir properties:

▪

Age: 100 – 545 mln years

▪

Depth: 500 – 5,000 mss

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API: 13° – 48°

▪

Wide permeability range

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R e g i o n a l C o n t e x t

Number of producing oil fields 178 Number of active wells >10,000 Number of production stations 21 Pipelines & Flowlines (km) >18,500 Number of Drilling Rigs/Hoists 46/35 Number of wells drilled (2017) 626 Permanent Camps 7 Road System (km) >6,500 Number of Power Gen Units 29 Kilometres Driven (2017) 314.1 mln Manhours Worked (2017) 224.9 mln Distance drilled (2017) 1,141 km

P D O D i m e n s i o n s : Ke y F a c t s

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S u s t a i n a b l e d e v e l o p m e n t i n & b e y o n d P D O C o n c e s s i o n a r e a

▪ Deliver optimum value in the face of low oil prices and production restrictions Staying the course ▪ Drive efficient energy use in all aspects More Sustainable oil and gas ▪ Creating more sustainable value beyond oil and gas Positioning for the Future

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C r e a t i n g Va l u e f o r t h e N a t i o n ▪Production 2,150

b/d (130% of drill spend)

▪ CCR oil 62 MMb

CCR Gas 0.35 Tcf

▪ Mabrouk NE

Exploration

▪Oil production:

582,196 b/d

▪ Condensate:

68,467 b/d

▪Gas:

78.64 Mln m3/d

▪ Lean: US$1.2 bln

value

▪Local Mtc

86 yrs saving

▪Drilled 626 wells &

21,000 interventions

▪Mega Projects ▪Record: Hawqa

EDF in 60 weeks

▪FEED & Project

Capability

Production Operations Project Delivery

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L e a d i n g t h e w ay i n E O R

Habhab

EOR PROJECTS & TRIALS

PROJECT TYPE

Thermal Chemical Miscible Gas Injection

EOR Pilot in Execution

Amal W Amin Nimr Thayfut Al Noor Marmul Polymer, -ASP

& Produced Polymer Treatment

➢Major EOR field developments:

▪ Marmul Polymer, Qarn Alam and Amal Steam, Harweel Miscible Gas Injection.

➢22 EOR projects/pilots/concept EOR SUCCESS PDO’s EVOLVING (EOR) PORTFOLIO

2018 2025

Fahud Al Ghubar S Lekhwair DEW

EOR Development

Harweel Qarn Alam Primary Secondary Tertiary

52 10 38% 23 34 43%

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U N G C & P D O S u s t a i n a b i l i t y R e p o r t

▪

PDO joined UN Global Compact Jan 2015 | Committed to 10 universal principles

▪

First national upstream oil company in Gulf to join

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Currently only Omani company member

▪

Global Reporting Initiative (GRI) sustainability accreditation (Mar 2017)

▪

Company’s 4th Sustainability Report published (April 2018)

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N i m r R e e d B e d s : a g r e e n a p p r o a c h t o w a t e r t r e a t m e n t

140

Species of birds/animals recorded

300k

Tonnes of CO2 reduction per annum

115k m3/d

produced water

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Be hind the Miraah Solar

Project

Construction Start First Steam 2015 2017

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Glasshouses

3km2

Project Area

6,000 tons

Daily Steam

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B u s i n e s s D e v e l o p m e n t O p p o r t u n i t i e s

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Leveraging PDO strengths beyond our concession area

Zero Gas Flaring Energy Efficiency PV Solar Panels Bio-saline Crops

N ew F ro n t i e r s

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P D O : P o s i t i o n e d f o r S u c c e s s i n t h e E n e r g y Tr a n s i t i o n

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M a n a g i n g D i re c t o r ’s C o m m i t t e e

Thank you

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S t r a t e g i c P r i o r i t i e s : “ S t ay t h e C o u r s e ”

Strategic Priorities

▪

Sustainable production – from 550 kb/d … to 600kb/d … now towards 670-680 kb/d

▪

Act as country’s swing producer, meeting Government gas demand

▪

Reserves Replacement >1

▪

Generate strong revenues, create new value streams

▪

National value: Support economic diversification & develop Omani Talent & Businesses

Challenges:

Responses:

▪ Increasing complexity ▪ Capital Intensity ▪ Evolving energy markets ▪ Economic fundamentals/funding constraints ▪ Local employment ▪ Maximise Production/Value ▪ Minimise Expenditure ▪ Continuous Business Improvement – Lean ▪ Energy/Renewables & Water Management ▪ Step-up In-Country Value programme

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R o b u s t D e l i v e r y, E x c e e d i n g E x p e c t a t i o n s

Sustainably grow oil production

300 400 500 600 700

2010 2015 2020 2025 2030

Oil Production (kbbls/d)

Actual PB10 PB14 PB17 PB18

2017 average oil production: 582,196 bpd

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LEAN Management

▪ Goal deployment ▪ Leader standard Work ▪ Performance Visuals External LEAN Roll-out

LEAN Tools

8,300 3,500

generated implemented

Additional Value, Cost Reductions & Avoidance:

$1.2 bln

Staff Efficiency:

242 FTE

The bottom line 2016-2017:

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N e w Te c h n o l o g y : A Ke y E n a b l e r

Pitless Drilling

Technologies tested

90% success rate in the last 3 years.

BLADE

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