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Asia Pacific and Middle East Asia Pacific and Middle East Fact Sheet—March 2017 ConocoPhillips’ Asia Pacific and Middle East operations consist of producing fields in China, 2016 Production* Indonesia, Malaysia, Qatar, Australia and Timor-Leste. The company produces from fields in Bohai Bay and the South China Sea in China, and operates Thousand several producing fields in South Sumatra in Indonesia. In Malaysia, production growth continues barrels of oil equivalent per day from several fields in Block G, Block J and the Kebabangan (KBB) Cluster. In Qatar, the Qatargas 3 399 joint venture continues to provide stable production. In Australia and Timor-Leste, the company operates the Bayu-Undan Field and Darwin liquefied natural gas (LNG) Plant. The Australia Pacific LNG Project delivered first cargo from Train 1 in January 2016 and Train 2 in October 2016. 2016 Proved Reserves ConocoPhillips also has focused exploration and appraisal activities in the region. Billion barrels of oil 1. 3 equivalent ConocoPhillips—Average Daily Net Production, 2016* Crude Oil NGL Natural Gas Total Area Interest Operator (MBD) (MBD) (MMCFD) (MBOED) Penglai 49.0% CNOOC 32 – 1 32 Panyu 24.5% CNOOC 9 – – 9 China Total 41 – 1 41 South Natuna Sea Block B1 40.0% ConocoPhillips 6 2 65 19 South Sumatra 45.0%–54.0% ConocoPhillips 2 – 328 57 Indonesia Total 8 2 393 76 Siakap North-Petai 21.0% Murphy 3 – 2 3 Gumusut 29.0% Shell 36 – – 36 Kebabangan 30.0% KPOC 1 – 45 9 Malaysia Total 40 – 47 48 Qatargas 3 30.0% Qatargas Operating Co. 14 8 368 84 Qatar Total 14 8 368 84 Australia Pacific LNG 37.5% ConocoPhillips/Origin Energy2 – – 531 89 Bayu-Undan 56.9% ConocoPhillips 8 5 254 55 Athena/Perseus 50.0% ExxonMobil – – 35 6 Australia and Timor-Leste Total 8 5 820 150 Asia Pacific and Middle East Total 111 15 1,629 399 1 ConocoPhillips sold its subsidiary participating in the South Natuna Sea Block B PSC in November 2016. 2 Origin Energy is the operator of the upstream development. ConocoPhillips is the operator of the downstream development. ProductionProduction CapitalCapital 2016 Production Mix* 2016 Production* 2016 Capital Expenditures and Investments 68% 28% Natural Gas Crude Oil 306 408 400 387 398 215 179 138 MBOED 4% $ Millions NGL 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q * Full-year 2016 production in the Asia Pacific and Middle East segment was 380 MBOED when adjusted for the full-year impact of 2016 asset dispositions, which was 19 MBOED. See page 12 for Cautionary Statement pertaining to the use of this fact sheet. 1 Asia Pacific and Middle East Fact Sheet—March 2017 China Bohai Bay South China Sea Penglai 19-3, 19-9, 25-6 As part of further development of the Panyu 4-2, 5-1, 11-6 Block 11/05 Penglai 19-9 Field, the Wellhead Platform J Block 15/34 Operator: CNOOC (51.0%) (WHP-J) project is progressing according to Operator: CNOOC (75.5%) Co-venturer: ConocoPhillips (49.0%) schedule. The project, which could add up Co-venturer: ConocoPhillips (24.5%) Under the terms of the Block 11/05 production to 62 wells, had two wells completed and on Block 15/34 in the South China Sea contains sharing contract (PSC), operatorship of the line as of December 2016. The project will the Panyu 4-2, Panyu 5-1 and Panyu 11-6 oil Penglai fields transferred to CNOOC on utilize the existing FPSO and other support fields operated by CNOOC. The production July 1, 2014, with ConocoPhillips maintaining infrastructure from the Penglai 19-3 Field. period for Panyu 4-2 and 5-1 will expire in its 49 percent working interest. September 2018 and the production period The Penglai 19-3/19-9 Phase 3 Project was for Panyu 11-6 will expire in September 2022. The Penglai 19-3 discovery well was drilled sanctioned by ConocoPhillips in December in 1999. Following successful appraisal, the 2015. This project will consist of three new field was developed in a phased approach, wellhead platforms and a central processing with first production from Phase 1 beginning platform, helping to maintain the current in 2002 from one platform. Phase 2, which production profile from Penglai 19-3 well ultimately included six additional wellhead into the next decade. First oil from Phase platforms and one of the world’s largest 3 is expected in 2018. Additional appraisal Floating Production, Storage and Offloading drilling and development studies are (FPSO) vessels, was fully operational by 2009 underway on additional areas of the Penglai and included production from both the oil fields to assess further development Penglai 19-3 and Penglai 25-6 fields. opportunities. China Bohai Bay Block 11/05 PL 19-9 PL 19-3 PL 25-6 0 50 Beijing Miles a e S CHINA w o l l e Chengdu Shanghai Y South China Sea Block 15/34 Panyu 4-2 Panyu 5-1 Hong Kong 0 10 Panyu 11-6 Miles 0 500 Miles South China Sea ConocoPhillips Acreage Oil Field Gas Field 2 Indonesia ConocoPhillips has had a presence in Indonesia for more than 45 years. The company currently operates three onshore blocks, the Corridor Block and the South Jambi ‘B’ PSC, both in South Sumatra, and the Kualakurun PSC in Central Kalimantan. The company completed the sale of its subsidiary participating in the South Natuna Sea Block B PSC in November 2016. Production from Block B averaged 19 MBOED in 2016. Grissik Gas Plant. Indonesia THAILAND South China PHILIPPINES Sea BRUNEI Pacic MALAYSIA Ocean MALAYSIA SINGAPORE Kualakurun PSC SUMATRA KALIMANTAN SULAWESI South Jambi ‘B’ PSC PAPUA Corridor Block PSC Jakarta I JAVA n d i a 0 100 n O c e a Miles n ConocoPhillips Acreage Third-Party Pipeline 3 Asia Pacific and Middle East Fact Sheet—March 2017 Suban Gas Plant. South Sumatra Transportation Corridor Block PSC South Jambi ‘B’ Block PSC Operator: ConocoPhillips (54.0%) Operator: ConocoPhillips (45.0%) ConocoPhillips has a 35 percent interest in a Co-venturers: Talisman (36.0%), Co-venturers: PetroChina (30.0%), consortium company, which has a 40 percent Pertamina (10.0%) Pertamina (25.0%) interest in PT Transportasi Gas Indonesia. The Corridor Block PSC is located in South The South Jambi ‘B’ PSC is located in PT Transportasi Gas Indonesia owns and Sumatra and covers a contract area of 809 South Sumatra. The PSC was awarded in operates the Grissik to Duri, and Grissik to square miles. The PSC was awarded in 1983 1990 and expires in 2020. The existing Singapore, natural gas pipelines. and expires in 2023. fields have been depleted, production has been shut down and field development is The block consists of five oil fields and seven currently suspended. ConocoPhillips and its natural gas fields. The principal oil-producing Exploration and Business co-venturers are evaluating options related fields are Suban Baru and Rawa, and the Development to the future of the PSC. principal gas fields are Suban, Sumpal and Dayung. Kualakurun PSC Natural gas produced from the block is Operator: ConocoPhillips (60.0%) sold through long-term contracts to the Co-venturers: PETRONAS (40.0%) domestic and Singapore markets. The Suban ConocoPhillips entered the Kualakurun PSC, natural gas field was unitized in 2011, with a located in Central Kalimantan, in May 2015. 90 percent participating interest for Corridor In 2016, the company conducted an airborne PSC (ConocoPhillips net 48.6 percent) in the gravity gradiometry survey and commenced Suban Field. a 450-mile, 2-D seismic program, which is expected to be completed in mid-2017. 4 Brunei Brunei Exploration and Business Development South China Sea Block CA-2 Operator: PETRONAS (45.0%) Kelidang NE CA-2 Co-venturers: Murphy (30.0%), Shell (12.5%), Keratau ConocoPhillips (6.25%), Mitsubishi (6.25%) ConocoPhillips holds a working interest in deepwater Block CA-2 PSC, which has an exploration period through December 2018. Exploration has been ongoing since September 2011, with natural gas discovered at the Kelidang NE-1 and Keratau-1 wells Bandar Seri Begawan in 2013, and the Keratau SW-1 well in 2015. MALAYSIA Evaluation of the results is ongoing. BRUNEI 0 50 Miri Miles ConocoPhillips Acreage Gas Field 5 Asia Pacific and Middle East Fact Sheet—March 2017 Malaysia Malaysia KBB Cluster PSC The company’s involvement in Malaysia S outh China Sea began in 2000 and consists of interests in KMEUC six blocks in varying stages of exploration, KME development and production. Three of G KBB Malikai these blocks are located off the eastern SNP Malaysian state of Sabah: Block G, Block J Pisagan G and the Kebabangan (KBB) Cluster. These Limbayong three blocks include eight discovered fields. J The three other blocks, Deepwater Block 3E, Gumusut Block SK313 and Block WL4-00, are operated 3E by ConocoPhillips and are located offshore SK313 Sarawak. Salam Block G WL4-00 BRUNEI • Limbayong, Malikai and Pisagan Operator: Shell (35.0%) Co-venturers: ConocoPhillips (35.0%), PETRONAS (30.0%) MALAYSIA The Malikai-1 exploration well was drilled in 0 100 Block G in 2004, resulting in an oil discovery. Miles An additional discovery was made on the block with the Pisagan-1A well in 2005. The ConocoPhillips Acreage Oil Field Gas Field Malikai discovery was appraised in 2005 and 2006. First production from Malikai was achieved in December 2016 and development drilling is ongoing. The Limbayong-1 well was drilled in 2002 and resulted in a gas discovery. The Limbayong-2 appraisal well was drilled in November 2013 and resulted in an oil discovery. Development options are being evaluated. • Siakap North-Petai (SNP) Operator: Murphy (32.0%) Co-venturers: PETRONAS (26.0%), ConocoPhillips (21.0%), Shell (21.0%) The Petai-1 well was drilled in 2007, resulting in an oil discovery, with additional drilling completed in 2008.
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