premieroil_vietnampresentation_jun2010
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June 2010 | Page 1
Forward looking statements
This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning future events and are subject to known and unknown risks and uncertainties.
A number of factors could cause actual results, performance or events to differ materially from those expressed or implied by
these forward-looking statements.
June 2010 | Page 2
• Capital Hanoi (Largest city Ho Chi Minh City)
• Official language - Vietnamese
• Government Socialist republic, Single-partycommunist state
– President Nguyễn Minh Triết– Prime Minister Nguyễn Tấn Dũng
• Area: 331,690 km2
• Population: April 1, 2009 census 85,789,573
• GDP (PPP) 2009 estimate GDP (nominal) 2009 estimate– Total $256.584 billion – Total $92.439 billion– Per capita $2,942 – Per capita $1,060
• Currency đồng (₫) (VND)
Vietnam at a glance
June 2010 | Page 3
Premier Oil in Vietnam
Complete Develop-
ment Drilling2012
Chim Sáo First Oil
FPSO to arrive at
Chim Sáo2011
3D Seismic Block 07/03
Install Chim Sáo
Topsides
3D seismic 104-109/05
Start Develop-
ment Drilling
Install Chim Sáo Jacket2010
End of 12W exploration
periodDrilled CRV
PVNapproved
EOCP FPSO
Completed CRD
appraisal 3D
Purchased Delek 12W (53.125%)
CRD discovery on Block 07/03
PPP enter 07/03 retain
30%
PVN HSE & Performance
Award2009
Commenced Chim Sao
EPCI
PVN approved Chim Sáo
FDP
Follow up 12W
exploration wells
Successful Chim Sáoappraisal
Awarded 50% Block 104-109/05
PVN Performance
Award2008
07/03 out of Force
Majeure
Became Operator of
07/03
Acquired Chim Sáo 3D seismic
Delineation sidetrack of Chim Sáo
2007
Exercised 07/03 option
(45%)
Drilled Chim Sáo
Discovery
Drilled Dua 5-X
Discovery
Block 12 exploration 2D seismic
Drilled Dua 4-X
Discovery
Santos entered 12W retain 37.5%
2006
Acquired Dua 3D2005
Acquired 2D data in 07/03
Awarded 75% Blocks 12E & 12W
Established Office in HCMC
Farmed in to VAMEX
07/03 option2004
DNOSAJJMAMFJ
DevelopmentDrillingSeismicTransactions
June 2010 | Page 4
Organisation - POVO management team
Peter HendersonDevelopment Manager
Peter HendersonDevelopment Manager
Charles DunneDrilling ManagerCharles Dunne
Drilling Manager
Alexis Van LennepExploration ManagerAlexis Van Lennep
Exploration Manager
Jamie BassettCommercial Manager
Jamie BassettCommercial Manager
Philip TurnerFinance & Adm Manager
Philip TurnerFinance & Adm Manager
Quyen, Dao NhatHSE Manager
Quyen, Dao NhatHSE Manager
Andrew BealLegal and risk advisor
Andrew BealLegal and risk advisor
Chinh, Tran DiemOffice Manager
Chinh, Tran DiemOffice Manager
Sean MiddletonProject ManagerSean MiddletonProject Manager
Phil MacLaurinCountry ManagerPhil MacLaurin
Country Manager
Khanh, Tranh Thi VanHR Manager
Khanh, Tranh Thi VanHR Manager
June 2010 | Page 6
HSES
20020HIPO Incident
Near Miss
Prop. Damage
FAC / MTC
Env. Incidents
RWDC
LTI
External Hours
Internal Hours
Total Hours
0
0
0
0
0
0
0
6,976
6,976
Exploration
7007
1001
0000
2002
2101
0
0
27,252
27,252
Office
0
0
12,552
12,552
Drilling
00
1,027,3301,027,330
82,70435,424
1,110,0341,062,330
Vietnam BUDevelopment
June 2010 | Page 8
HSES
2009 PVN HSE Award for Chim Sao Project 2008 PVN HSE Award for Drilling & Logistics
June 2010 | Page 10
Block 104-109/05 – Song Hong Basin
Block 104-109/05Larger than 1 UK
Quad in the North Sea
Block 104-109/05Larger than 1 UK
Quad in the North Sea
1 UK Quad
June 2010 | Page 11
Natuna Sea Block A to Nam Con Son Block 12W
LearningsLearnings
12W
07/03
Tuna
Nam Con Son Basin /East Natuna Sea
Natuna Sea Block A
Chim Sao Development
Dua Discovery
June 2010 | Page 12
Dua & Chim Sao to Block 07 – Extending a new play
Cá Rồng ĐỏDiscovery
Cá Rồng ĐỏDiscovery
Dua DevelopmentDua Development
Chim SaoDevelopment
Chim SaoDevelopment
June 2010 | Page 13
Indonesia – Tuna PSC - Gajah Laut Utara 1
Top Arang DepthC.I.=100 metres
2500m
2 Km
Gajah Laut UtaraPTD 4250m MD (3550m TVD)
PRIMARYTARGET
W E
SECONDARYTARGET
PTD
June 2010 | Page 14
Indonesia – Tuna PSC - Belut Laut 1
PRIMARYTARGET
Belut LautPTD 4300m MD (3870m TVD)
2 Km
NE SW
PRIMARYTARGET
SECONDARYTARGET
PTD
Top Arang DepthC.I.=100 metres
2500m
June 2010 | Page 17
Chim Sao – Revised scope / lower cost
PROPOSED CHIM SAO WHP FIELD LAYOUTORIGINAL POVO BLOCK 12W FIELD LAYOUT
June 2010 | Page 18
Project on schedule
FPSO Installationand Commissioning
F M A
Q2
M AS O
Q4
N D J
Q1
2012
A
Q2
M J J
Q3
A
Drilling
FPSO Conversion
Chim SaoField Installations
Topsides Fabrication& Installation
Jacket Fabrication& Installation
MFJDNOSAJJMAMFJDNOSAJJMA
Q1Q4Q3Q2Q1Q4Q3Q2
201120102009
First Oil1st July 2011
June 2010 | Page 29
Chim Sao long reach wells – industry experience
0
Worldwide ERD experience envelope
2500
3000
4500
50000
4000
3500
2000
1500
1000
Measured depth (m)
True
ver
tical
dep
th (m
)
2000 6000 8000 10000 12000 140004000
500
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