BG Group in Tunisia
30 September 2009
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.
What we do
Integrated Gas Major
Integrated Gas Major
Connect gas to
high value markets
• Build & access markets
• Serve customers
Secure
competitively priced
resources
• Equity reserves
• Contracted resources
Skills to succeed across the gas chain
Strategy delivering value
3
Who we are
Countries of current operation
Norway
UK
Canada
Kazakhstan
Italy
Areas of PA
USA
Oman
Tunisia
Algeria
Chile
Argentina
Active in 27 countries
China
Thailand
Philippines
Libya
Trinidad &
Tobago
Bolivia
India
Nigeria
Brazil
Uruguay
Egypt
Malaysia
Singapore
Australia
Madagascar
4
A long term partnership with Tunisia
Commence
Hasdrubal
project
2006
British Gas took
over assets from
Tenneco
(Amilcar Permit)
November 1988
First gas
production from
Hasdrubal
2009
First gas
production
from Miskar
June 1995
Official inauguration
of Hannibal Plant
by HE President Ben Ali
March 1997
Journey to date in Tunisia
Commissioning of
compression
module on Miskar
platform
June 2005
5
BG Tunisia - #1 supplier of gas
•
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 Miskar current operations
Condensate
Hannibal - Skhira
BG Tunisia Miskar current operations
12 Years of Production
Numerous projects to extend Miskar
production
Bridge – linked accommodation vessel
Flowline Installation
Replacement Amine stripper installation
New reboiler installed
BG Tunisia continuing to invest in Miskar
Hasdrubal project
New offshore field development providing a supply of gas,
oil/condensate, and LPG
•
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
A major partnership with Tunisia
Hasdrubal - locations and product routes
GAS
OIL/CONDENSATE
BUTANE
PROPANE
Onshore terminal
Power Generation
Utilities
LPG Loading
Inlet Gas & Liquid Handling
Fire Water Storage
N
South Sub-Station
Mounded LPG Storage
FEED Compression
LT Flare
Gas Sweetening & Dehydration
Export Gas Compression
De-Ethaniser
Condensate Stabilisation
North Sub-Station
Produced Water Storage &
Treatment
Condensate Storage
HP & LP Flare
27 FEB 2007
Onshore terminal
Offshore platform – installed & drilling
Gabès LPG reception terminal construction
UK / Tunisia Private Sector Involvement
UK
Tunisia
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
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
Extensive opportunities for participation
HSSE Commitment to Best Practice
•
•
HSSE / Asset integrity are
BG Tunisia priorities
Employees are trained in:
–
–
–
•
Highly trained skilled workforce
–
–
–
•
•
•
Defensive driving
Safety intervention
Behaviour based safety
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
Water project
UNICEF
School
Hospital
of Mahres
Road project
SOS Central
Heating
Families resettled
Pavement
project
Pavement Project
Regional Development Plan
Youth
Glasses
CLO
Why Tunisia?
•
•
•
•
•
•
•
Stable political system
Stable business environment
Growing economy
Transparent processes
Sanctity of contracts
Good relations with our stakeholders / accessibility
Dedicated, experienced, loyal workforce
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