TAQA Bratani Building on maturity A case study for the UKCS Rob - - PowerPoint PPT Presentation

TAQA Bratani – Building on maturity A case study for the UKCS

Rob Kuyper, Development manager, TAQA Bratani

• Still significant volumes left in UKCS reservoirs

‒ Infill drilling, discoveries, near-field potential, yet-to-find ‒ infrastructure timeline does not allow delay in development

• “Just do it!”

‒ opportunities get smaller ‒ remaining opportunities need swift decisions and nimble

• rganisations
• Back to basics

‒ developing mature/ small fields needs old fashioned quality thinking to ensure profitability CASE STUDY: TAQA BRATANI Bratani Maximise Production Exploration Third Party Business Acquisitions

Presentation messages

Bratani Maximise Production Exploration Third Party Business Acquisitions

• 72.5% Government owned
• Listed on ADX
• USD 31.6 billion asset base
• Strategic focus on

‒ Oil & Gas - 135 MMBOE/D ‒ Power & Water - 6th largest independent power producer in the world

• Geographically diversified

Abu Dhabi National Energy Company PJSC (TAQA)

TAQA Bratani

Bratani Maximise Production Exploration Third Party Business Acquisitions

• Operated (100%)
• North Cormorant
• South Cormorant
• Tern
• Eider
• Pelican
• Brent System
• Non operated (17% - 24%)

‒ Brae ‒ Hudson ‒ Sullom Voe Terminal

• Provides work for 1000 people

• Secure access to capital and

create the opportunity

• Build a strong leadership team
• Attract the best engineers
• Create the TAQA way and

culture

• Establish TAQA as a

competent operator Bratani Maximise Production Exploration Third Party Business Acquisitions

Building the business

• Make it Safe
• Make it Work
• Make it Grow

Bratani Maximise Production Exploration Third Party Business Acquisitions The Challenge how to bring 20 – 30 year old fields back to economic production

Mature asset strategy

• Make it Safe

‒ Asset integrity

• Make it Work
• Make it Grow

Bratani Maximise Production Exploration Third Party Business Acquisitions

Mature asset strategy

• Make it Safe
• Make it Work

‒ Platform availability ‒ Barrel chasing

• Make it Grow

Bratani Maximise Production Exploration Third Party Business Acquisitions

Mature asset strategy

Shift operational focus from “oil production” to “water injection”

• Make it Safe
• Make it Work
• Make it Grow

‒ Infill drilling

• Platform
• Semisubmersible

‒ New technology

• EOR
• Advanced well

engineering Bratani Maximise Production Exploration Third Party Business Acquisitions

Mature asset strategy

• Develop expertise
• Seismic data
• Near field developments

‒ Falcon field

• Licensing Round

Bratani Maximise Production Exploration Third Party Business Acquisitions

Exploration

• Build reputation and track

record

• Look after our installations

maximise uptime

• Become an attractive partner
• First third party business

signed earlier this month Bratani Maximise Production Exploration Third Party Business Acquisitions

Third Party Business

• Strategic acquisitions help

extend field life – Otter

• Appraise further

transformational acquisition

• pportunities

Bratani Maximise Production Exploration Third Party Business Acquisitions

Acquisitions

• Still significant volumes left in UKCS reservoirs

‒ Infill drilling, discoveries, near-field potential, yet-to-find ‒ infrastructure timeline does not allow delay in development

• “Just do it!”

‒ opportunities get smaller ‒ remaining opportunities need swift decisions and nimble

• rganisations
• Back to basics

‒ developing mature/ small fields needs old fashioned quality thinking to ensure profitability Bratani Maximise Production Exploration Third Party Business Acquisitions

In summary…