FIELD DEVELOPMENT PROJECT PRESENTATION

PresentationOutline
Corporate Profile
Lithology
Log Interpretations
Findings
Appraisal Well Location
Drilling Design
Conclusion
CorporateProfile
PHOENIXENERGY is the oil and gas operator company of which based in
Malaysia and were found on 1985. Together with its subsidiaries and
associated companies, PHOENIXENERGY, a FORTUNE Global 500
company, has fully integrated oil and gas operations in a broad spectrum of
the oil and gas value-chain.

Its business activities include ;
(i) the exploration, development and production of crude oil and natural
gas in Malaysia and overseas;
(iv) the refining and marketing of petroleum products;
(v) the manufacture and sale of petrochemical products;
(vi) the trading of crude oil, petroleum products and petrochemical
products;
(vii) shipping and logistics relating to LNG, crude oil and petroleum
products.
Vision
PHOENIXENERGY wants to be recognised as a great
company competitively successful and a force for
progress. We have a fundamental belief that we can make a
difference in the world.
Mission
To generate consistently profitable returns from
investments in core business activities.
Providing direction, financial resources and management
support for each operating unit.
Through dynamic and innovative management,
teamwork and a commitment to excellence.



Vision&Mission
OrganizationalChart
Asha Kanamuthy
Reservoir Engineer

Norazri Nordin
Senior Quality, Health, Safety and Environment (QHSE) Manager

Muhammad Faidhi Fahmi Ismail
CHIEF EXECUTIVE OFFICER/Economist

Nur Amirah Basiran
Senior Production Manager

Tajuddin Tapri
Senior Reservoir Manager


Saiful Saari
Associate Petrophysicist

Hesham Ismail
Senior Drilling Manager

FieldSummary
Geological Area : Sabah Basin
Area : Offshore Sabah
Country : Malaysia
Location : 113 kilometers Southwest of
Kimanis Oil & Gas Terminal
GEOLOGY AND PETROPHYSICS
AMIRAH BASIRAN, GEOLOGIST
Data Provided
Phoenix Fields Profile
Exploration Well
Static Pressure Gradient
Well Correlation
Productive Layer
Distribution
Conclusion

PresentationOutline
Data Provided
Data Source Well 1 Well 2 Well 3 Well 4
PVT Data /
Static P
Gradient / / / /
Gamma Ray / / / /
SP / / / /
Resitivity / / / /
Density / / / /
Sonic / / / /
Neutron / / / /
Mud Log / / / /
Core Data /
Sabah Basin Geological Area
Sandstone Group E from early
Miocene age
Formation
Fluviodeltaic source rock Source Rock
Cross strata migration Migration
Anticlines Reservoir Structure
Longitude 115 32 24E, Latitude 6 42 00N
113 kilometres southwest of the Kimanis Oil & Gas
Terminal
Location
4 Exploration Well
Phoenix Fields Profile

Phoenix Field
113 km
Geological Area : Sabah Basin
Area : Offshore Sabah
Location : 113km from the
Kimanis Oil & Gas Terminal
Block : 7T-11
Nearest Field : Gajah Hitam,
Rusa Timur, Mengkira, Dengkis



Phoenix Field
Contour Map

Exploration Well
WELL CLASSIFICATION DISCOVERY
DEPTH OF
RECORDED (ft)
Well 1 Exploration well Oil
5975 - 6290
Well 2 Exploration well Oil
6125 - 6429
Well 3 Exploration well Oil
6425 - 6737
Well 4 Exploration well Water
6561 - 6877
Static Pressure Gradient Graph of Phoenix Field

Well Correlation based on Gamma
Ray Log



Well 1

Well 2
Productive Layer
Layer Bulk
Volume
(MM ft3)
Porosity Boi Swi Soi STOIIP
(MMST
B)
AB1
1900 0.21 1.39 0.14 0.86 197
AB2
789 0.24 1.35 0.14 0.86 92
Total 289
Reservoir Oil Sand
Thickness (ft)
OWC (ft) Net to gross
ratio (N/G)
FD1 Oil 55 6480 0.8
FD2 Oil 55 6480 1.0
Porosity Distribution
Zone 1 Zone 2
0
5
10
15
20
25
0.09 0.15 0.21 0.27 0.29 0.35 0.42
F
r
e
q
u
e
n
c
y

Porosity
0
5
10
15
20
25
30
9 15 21 24 33 42
F
r
e
q
u
e
n
c
y

Porosity
Water Saturation Distribution

Zone 1 Zone 2








0
5
10
15
20
25
9 10 12 14 16 19 21 22 23 26 30 31 33
F
r
e
q
u
e
n
c
y

Water Saturation (%)
0
2
4
6
8
10
12
14
16
18
20
8 10 12 14 22 24 26 28
F
r
e
q
u
e
n
c
y

Water Saturation (%)
Oil Saturation Distribution
Zone 1 Zone 2
0
5
10
15
20
25
30
67 69 70 73 81 84 85 86 88 90 92 94 96 98 100
F
r
e
q
u
e
n
c
y

Oil Saturation (%)
0
5
10
15
20
25
30
35
72 76 78 80 86 88 90 92
F
r
e
q
u
e
n
c
y

Oil Saturation (%)
Percentile STOIIP
(MMSTB)
P90

130
P50 197
P10 305
Percentile STOIIP
(MMSTB)
P90

60
P50 92
P10 125
STOIIP at P50 = 92 MMSTB
STOIIP at P50 = 197 MMSTB
Zone FD1
Zone FD2
Conclusion
Phoenix Field have 2 productive layers contain
oil
Total Initial Oil In-Place at P50 = 289 MM res
Bbl.

Appendixes
Source Rock
Late Oligocene
: Limestone
Early Miocene :
Sandstone, Siltstone,
conglomerate with
metamorphic, chert,
volcanics (shallow
water)
Thickness of beds
: varies from a few
centimeters to
one meter
Slumps &
Channel
infillings
Strongly
isoclinal folded
Sandstones
with thick
turbidites
Conglomerate
, sandstone,
siltstone,
shale
Composition:
Terrigeneous
Color : Brown
or red
Clay to gravel
(fining
upward)
Rounded to
angular
Sorting:
Variable
Inorganic sedimentary structure:
Asymmetrical ripples,
crossbedding, graded bedding,tool
marks

Permeability Distributions

Zone 1 Zone 2

0
5
10
15
20
25
30
35
40
45
310
F
r
e
q
u
e
n
c
y

Permeability (mD)
k Distribution
k Distribution
0
5
10
15
20
25
30
35
40
45
343
F
r
e
q
u
e
n
c
y

Permeability (mD)
k Distribution
k Distribution
Zone FD1

Zone FD2

Contour Map

RESERVOIR
ASHA KANAMUTHY, RESERVOIR ENGINEER
Rock Properties
Oil Properties
Gas Properties
Water Properties
Well Test
Phase Envelope
Risk Analysis

PresentationOutline
ROCK PROPERTIES
Zone Zone FD1 Zone FD2
Type Of Hydrocarbon Oil Oil
Lithology Sandstone
Average Permeability, K (mD) 313 343
Average Porosity, (fraction) 0.21 0.24
Initial Water Saturation, S
wi
(fraction) 0.14 0.14

Reservoir
(Zone)
Datum
(ft subsea)
Pressure
(psia)
Temperature
(
0
F)

FD1
6055 2806 210

FD2
6135 2884 215
OIL PROPERTIES
Zone Zone FD1 Zone FD2
P
i
(psia) 2806 2884
T(F) 210 215
P
b
(psia) 2342 2634
API 31.7 35.4
R
s
(SCF/STB) 977.6 854.0
B
o
(bbl/STB) 1.39 1.35
c
o
(psia
-1
) 2.075e-05 2.112e-05

o
(cp) 0.2383 0.373

o
0.867 0.848
GAS & WATER PROPERTIES
Zone Zone FD1 Zone FD2
Z 0.827 0.796

g
(cp) 0.0234 0.0219

g
0.893 0.89
c
g
(psi
-1
) 3.014e-04 2.92e-04
Zone Zone FD1 Zone FD2
B
w
(bbl/STB) 1.032 1.034

w
(cp) 0.2831 0.2730
c
w
(psi
-1
) 3.1696e-06 3.2002e-06
GAS PROPERTIES
WATER PROPERTIES
Solution gas oil ratio vs Pressure
Bg vs Pressure Bo vs Pressure
Oil viscosity vs Pressure
WELL TEST
Zone FD1
k=311mD
S=6
WELL TEST
Zone FD2
k=343mD
S=5
PHASE ENVELOPE
Zone FD1

Zone FD2
RISK ANALYSIS
ZONE FD1
P10 290 MM STB
P50 197 MM STB
P90 130 MM STB
RISK ANALYSIS
ZONE FD2
P10 130 MM STB
P50 92 MM STB
P90 55 MM STB
RESERVOIR SIMULATION
TAJUDDIN TAPRI, SIMULATION ENGINEER
MODEL CONSTRUCTION
STATIC MODEL
SENSITIVITY RUN
SUPPLEMENTAL RECOVERY
CONCLUSIONS
PresentationOutline
MODEL CONSTRUCTION
Enlarge and grid the contour map
Create static model
Create dynamic model
Run simulation based on study parameters

Observe result

Production, drilling, well completion and economics evaluation
STATIC MODEL


Zone L 1
Zone L 2
Zone L 1 ( IOIP = 197.2 MM bbl )
Zone L 1 ( IOIP = 92.5 MM bbl )
SENSITIVITY RUN
3 cases
A 2000 ft
B 1500 ft
C 1000 ft
DYNAMIC
MODEL
Plan A Result
Zone L 1
Zone L 2
Plan B Result
Zone L 1
Zone L 2
Plan C Result
Zone L 1
Zone L 2
Summary
Plan Reserv
oir
Q(bbl/
d)
Plateau
rate
(bbl/d)
Total
Plateau
rate
(bbl/d)
Plateau
Period
(Year)
EUR
(MMST
B)
Total
EUR
(MMST
B)
RF
(%)
Total
RF
(%)
A
2000ft
Zone
FD1
2200 17600 32000 8 56.3 81.5 28.5 28.2
Zone
FD2
1800 14400 4 25.2 27.4
B
1500ft
Zone
FD1
2200 26400 48000 4 59.1 87.6 30 30.3
Zone
FD2
1800 21600 3 28.5 30.1
C
1000ft
Zone
FD1
2200 35200 64000 3 59.2 84 30.1 29.1
Zone
FD2
1800 28800 2 24.8 27
Supplemental Recovery
PLAN B
WATER INJECTION
GAS INJECTION
SENSITIVITY
ANALYSIS
RESULT AND ANALYSIS

Secondary
Recovery

Reservoir
Number
Of
injection
well

Injection
rate

Injection
date
Plateau
Rate
(bbl/d)
Plateau
Period
(year)

RF
(%)
Total
RF
(%)
EUR
(MM
bbl)

Gas
Injection

Zone L1
2 WPRD
convert to
GINJ
5
MMScf/d
1-June-
2017
15600

9

35.5



35.5



102.56
Zone L2
2 WPRD
convert to
GINJ
5
MMScf/d
1-Feb-
2016
9600

6

36.0

Water
Injection

Zone L1

2 WPRD
convert to
GINJ

10000bbl/
d
1-June -
2017
15600

10

37.5

37.6


108.84

Zone L2

2 WPRD
convert to
GINJ

10000bbl/
d
1-Feb -
2016
9600

7

38.0
Zone L 1
Zone L 2
WATER
INJECT.
Zone L 1
Zone L 2
GAS
INJECT.
CONCLUSIONS

PLAN B BEST RESULT
Economic evaluation will be run for these
three plans

WELL DRILLING
HESHAM ISMAIL, DRILLING ENGINEER
Objective
Casing seating depth.
Mud program.
Casing design.
Cementing program
Drill Bit selection.
Blowout Preventer design(BOP)

PresentationOutline
Objectives

To make sure that drilling operation is carried
out with optimum output.
To ensure all wells must be designed to satisfy
all environment requirements
Coordinating with the other departments to
obtain maximum output.

Casing setting Depth
Fracture gradient
Mud gradient
Formation pressure gradient

KEY Parameters
DRILLING FLUID
The drilling fluids that being use is Oil Based
Mud
Additives : such as Barite, KCL, Flo-Tro, NaOH
and Xantham gum polymer.

CASING DESIGN

Cementing
API G Class.
e.g : well #1


Drill Bit Selection
-Drill Pipe = X-95, 13.8 lb/ft
-Drill Collar = 50 lb/ft, 5 OD
For bit selection, the result are shown below
Casing type Casing OD Bit Size
Conductor 20 26 Rolling Cutter
Bit
Surface 13 3/8 17 Rolling
Cutter Bit
Intermediate 9 5/8 12 PDC Bit
Production 7 8 PDC Bit
Blowout Preventer
The number
size and rating

Annular Type Blowout Preventer will be
used
Depends on
P
max
=4220 psi


WELL COMPLETION
NORAZRI NORDIN, COMPLETION ENGINEER
Type of Completion
Tubing Selection
Packer Selection
Perforation Technique
Completion Fluid
Wellhead design
Conclusion

PresentationOutline
Type of Completion
Dual String Tubing Completion
Completion Technique
Cased hole completion with shape charge
perforation:
Sand problem issue can be prevented
especially during high flow rate
Formation can be selectively stimulated

Tubing Specifications
Packer Selection
XHP Premium Production Packer
Advantage :
i)Suitable for high pressure and high
temperature environments
ii) Prevent debris build up above slips
iii) Minimize casing damage
iv) Tensile & compressive rating compatible with
completion tubular
Perforation Technique
Penetrating charges are able to create
deep perforation tunnels with small
opening diameters
Reduce rig time by eliminating wireline
runs
Wellhead Design
Wellheads with work
pressure of 5500 psi
and temperature of
500F.
A typical wellhead assembly
Conclusion
Well Completion Department will achieve the
department objectives and followed the companys
plan as well
hopefully all the suggestions and recommendations
from department will be able to meet the
economical target in order to develop this field
safely, efficiently, effectively and reliably
WELL PRODUCTION
SAIFUL SAARI, PRODUCTION TECHNOLOGIST
Field Location
Introduction
Present and Future IPR
IPR, VLP and CP Curves
Production Analysis
Platform
Surface facilities


PresentationOutline
INTRODUCTION
Evaluate deliverability of Phoenix Field
Analyze fluid flow from:

Reservoir to wellbore
(Inflow performance relationship)
Bottom-hole to surface
(Vertical lift performance)
Wellhead to separator
(Choke performance)


Zone 1
0
500
1000
1500
2000
2500
3000
0 10000 20000 30000 40000 50000 60000 70000 80000 90000 100000
P
w
f

q
Present and Future IPR
2013
2015
2017
2019
2021
2023
Zone 2
0
500
1000
1500
2000
2500
3000
3500
0 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000
P
w
f

q
Present and Future IPR
2013
2015
2017
2019
Zone 1
0
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000
P
w
f

Q
IPR, VLP & CP Curve
Qopt =
1300BPD
Zone 2
0
500
1000
1500
2000
2500
3000
3500
0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000
P
w
f

Q
IPR, VLP & CP Curve
Qopt =
600BPD
PRODUCTION ANALYSIS
PI 25.9971
Pwf 2853.23
Qmax 51927.34
PI 47.5651
Pwf 2793.39
Qmax 86322.61
Q
1300
Bbl/Day
TUBING 3.5 inch
CHOKE 24/64 inch
THP 440 psi
Q
800
Bbl/Day
TUBING 2.875 inch
CHOKE
24/64
inch
THP 330 psi
ZONE 1 ZONE 2
PLATFORM
Jack up platform will be used.
Completed with drilling
module
Wellhead will be installed on
the subsea
Lower cost (economical)
Long term flexibility
Intelsat communication
system


SURFACE FACILITIES
SEPARATOR

1. Type of separator that will be installed is
vertical separator.

2. Two stages of separator:
a) First stage - To separate the liquid and
gas
b) Second stage To separate oil and
water
c) Third stage - Storage tank

3. The vertical separator has been chosen:
Easy to install and cheap.
More efficient.
Easy to clean.
Reduce the space area for installation.

FLOATING PRODUCTION STORAGE AND OFFLOADING
(FPSO)
FPSO will used as storage tanks to
keep the oil until the shuttle tankers
come and take over for
transportation
Located 2 km away from the platform
The produced oil will be loaded to
FPSO
Facilities as production module,
helideck, accommodation, control
room and utilities
The separation, the gas treatment and the water treatment
and injection module
Produced gas will be directed to flare


CONCLUSION
Platform used : mobile jack up platform
Separator used : 3-phase and 2-phase vertical
separator
FPSO
ZONE 1 ZONE 2
Q = 1300 BPD Q = 800 BPD
Tubing size = 3.5 inch OD Tubing size = 2.875 inch OD
Choke size = 24/64 inch Choke size = 24/64 inch
THP = 440 psi THP = 330 psi
ECONOMIC EVALUATION
FAIDHI FAHMI, ECONOMIST
PresentationOutline
Company Policies
Real-time Scenario
Economic Models
1997 R/C PSC
OPEX/CAPEX
Sensitivity Analysis
Analysis
Company Policies
1. The top priority of the economic department:
The top priority of the economic division is to
maximize the profit.
Expand the production capacity of the invested
project.
Increase in market share and value of assets
posses by the company.

2. Minimum rate of return (MROR):
MROR for Global Top Corp is set at 18%
Real Time Scenario
Determination of Oil Price
Oil price is to be set at USD 90 with 5% price
escalation due to inflation and other factors
2. LOCAL SCENARIO
PSC 1997 - Production Period (20 years)
- Royalty (10%)
- Export Duty (10%)
- Cost Oil
- Profit Oil


Economic Model
Contract Period
- Contract Duration 19 YEARS
- Exploration Period 3 YEARS
- Development Period 2 YEARS
- Production Period 15 YEARS


1997 R/C PSC
GROSS REVENUE
LESS COST : COST OIL CEILING
PROFIT OIL SPLIT
UNUSED COST
OIL
PETRONAS
PROFIT OIL
ACTUAL USED
COST
CONTRACTOR
PROFIT OIL
PITA 38%
PITA 38%
ROYALTY 10%
G
O
V
E
R
N
M
E
N
T

C
A
S
H

F
L
O
W

CAPEX
The management decide to acquire FPSO by
purchasing used vessel and transforming it into FPSO
which undergo RLEC process
Affected the CAPEX significantly but the NPV will increase
due to the reduce in OPEX and maintenance cost

Vessel Purchase USD 18 mil
Topside USD 152 mil
Hull & Marine USD 11 mil
Riser & Mooring USD 28 mil
Hook up & Commissioning USD 43 mil
Engineering Design USD 6 mil
OPEX
OPEX mainly focused on Operation &
Maintenance, Charter Rate for FSO and
Overhead Cost which already been set up to
at most 15% from the gross revenue per
annum
NPV @ 18%
($USD billion)
IRR
(%)
PIR
(Ratio)
Charter FPSO & FSO +
Jack up Platform
1.3 24 7.5
Charter FPSO & FSO +
Unman Platform
1.2 24 8.0
Purchase FPSO ,
Charter FSO +
Jack Up
1.0 22 7.0
Purchase FPSO,
Charter FSO+
Unman Platform
1.5 25 9.1
NPV @ 18%
($USD billion)
IRR
(%)
PIR
(Ratio)
Water Injection
1.3 24 7.5
Gas Injection
1.2 24 8.0
Cash Flow
Payback period
Ultimate Cash Surplus
Economic Life
Maximum Cash Sink
Economic Limit years
EXPLORATION &
DEVELOPMENT
PRODUCTION
A
B
A
N
D
O
N
M
E
N
T

N
E
T

P
R
E
S
E
N
T

V
A
L
U
E

DISCOUNTED RATE
NPV @ 10% = USD 357 mil
NPV @ 15% = USD 241 mil
NPV @ 20% = USD 172 mil
NPV @ 29% = USD 0 mil
10% 15% 20% 10%
IRR = 34%
Sensitivity Analysis for NPV

-50% -20% 0 20% 50%
OIL PRICE
NPV (18%), $ mill
800 2500 3700 4800 6500
CAPEX
NPV (18%), $ mill
4100 3800 3700 3400 3200
OPEX
NPV (18%), $ mill
4200 3800 3700 3400 3000
Oil Price
greatest influence on NPV.
need to be observe to avoid negative effect.

CAPEX and OPEX
slightly affect NPV
QUALITY, HEALTH, SAFETY & ENVIRONMENT
NORAZRI NORDIN, QHSE ENGINEER
Health, Safety and Environmental Principles
Safety Management System
Basic Safety Rule
Personal Protection
Cleanliness And Good Housekeeping
Fire And Safety Design
Emergency Plan



PresentationOutline
Health, Safety and Environmental Principles
To treat health, safety and environmental
considerations as priority in the project
planning and works,
To operate our facilities and provide our
services in a manner that always maintain the
standard of our employees, public health and
safety and the environmental practices

Health, Safety and Environmental Principles
To constantly formulate and improve the company
Health, Safety and Environmental practices based on
employees, clients and public concerns to help
safeguard of the workplaces, community and
environment
To actively participate with governments and other
responsible bodies in meeting the industrial rules and
regulations of health, safety and environment
To develop and implement procedures for the proper
storage, transportation and disposal of waste materials
and to minimize pollutant emissions

Safety Management System
Position that responsible for management of
safety:
General Manager
Operations line-manager
Line managers
Operations staffs
Basic Safety Rule
Understand the job
Assess any possible hazard before start the
work
Attend safety meeting
Must familiarize with instruction for
emergency situation
Adhere with the company rule



Personal Protection
Head Protection
Foot Protection
Eye and Face Protection
Hearing Protection
Hand Protection
Work Clothing
Safety Harness

Cleanliness And Good Housekeeping
Ensure work place are kept clean and tidy
All chemical must be stored in designated
container or area
Unused equipment must be stored neatly
All employees must take serious consideration
of personal hygiene to prevent spread of
disease


Fire And Safety Design
Shutdown System
In the case of fire or other emergencies it is
essential to prevent the release of process
fluid or well fluid on the facilities
Fire and Gas Detection System
Purposely for monitoring the facilities
protection against fire or gas release.

Emergency Plan
Emergency plans will be developed for all
Phoenix Energy managed facilities.
Safety department will establish procedures
for emergency action.
Periodic drill or exercise will be carried out to
test the effectiveness of emergency plan.
Conclusion
The HSE policy of Phoenix Energy
implementation can guarantee the safety of
Phoenix Energy s employee.