Asia Pacific and Middle East

China
China Average Daily Net Production, 2011
Area Interest Operator Liquids MBD Natural Gas Total MMCFD MBOED

Peng Lai Panyu

49.0% 24.5%

ConocoPhillips CNOOC

42 10 52

42 10 52

Total China

Bohai Bay Peng Lai 19-3, 19-9, 25-6 Block 11/05 Operator: Conoco Phillips (49.0%) Co-venturer: CNOOC (51.0%) The Peng Lai 19-3 discovery was drilled in 1999 in Block 11/05 of Chinas Bohai Bay. Six successful appraisal wells followed. Phase I development of the field began in 2002. Peng Lai Phase II development included the installation of five additional drilling and production platforms and the construction of an FPSO vessel. All platforms have been installed, and the new FPSO vessel started operation in 2009 and is used to accommodate production from the Peng Lai 19-3 Field, as well as the nearby Peng Lai 19-9 and Peng Lai 25-6 fields. Net production from the Peng Lai Area is expected to increase due to continued development. In 2011, crude oil production was impacted by two incidents that occurred in June 2011. Production was curtailed as a result of the incidents. Efforts to meet government requirements for restoring normal operations in the Peng Lai 19-3 and 19-9 oil fields continue into 2012.

South China Sea Panyu 4-2, 5-1, 11-6 Block 15/34 Operator: CNOOC (75.5%) Co-venturer: ConocoPhillips (24.5%) Block 15/34 in the South China Sea contains three oil fields, Panyu 4-2, Panyu 5-1 and Panyu 11-6, operated by CNOOC. A major expansion project targeted for completion in 2013 will add two additional drilling and production platforms.

51

CHINA
Bohai Bay

Beijing

Bozhong Block 11/05 PL 19-9

Ye l l ow S e a

CHINA

PL 19-3
0 Miles 50

PL 25-6

Chengdu

Shanghai

Hong Kong

South China Sea

Paci c Ocean

South China Sea

0 Miles 500

Block 15/34

ConocoPhillips Acreage Oil Field

0 Miles 10

Panyu 4-2

Panyu 5-1 Panyu 11-6

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East

Indonesia
ConocoPhillips has had a presence in Indonesia for more than 40 years, operating six production-sharing contracts (PSCs). Three of the blocks are located offshore: the South Natuna Sea Block B PSC, the Kuma PSC and the Arafura Sea PSC. The three onshore PSCs are the Corridor Block PSC and the South Jambi B PSC, both in South Sumatra, as well as the Warim PSC in Papua.
52

Indonesia Average Daily Net Production, 2011

Area Interest Operator Liquids Natural Gas Total MBD MMCFD MBOED

South Natuna Sea South Sumatra

40.0% ConocoPhillips 8 117 45.0%-54.0% ConocoPhillips 3 333 11 450

28 58 86

Total Indonesia

South Natuna Sea South Natuna Sea Block B PSC Operator: ConocoPhillips (40.0%) Co-venturers: INPEX (35.0%), Chevron (25.0%) The PSC was awarded in 1968, and first production came on line in 1979. The term of the PSC was extended in 1998 and is currently scheduled to expire in 2028. The block is located in approximately 300 feet of water and has three producing oil fields, as well as 11 gas fields in various phases of development. Four of the gas fields also have recoverable oil or condensate volumes.

In 2009, the North Belut Field began production. These fields are part of the continuing development of the block to support existing gas sales commitments, as well as new LPG sales to the local Indonesian market. Natural gas from the PSC is sold through two long-term gas sales contracts. The PSC is part of the West Natuna Gas Supply Group, a group of three PSCs that supply gas to Sembgas in Singapore. The PSC also supplies gas to Petronas in Malaysia under a separate contract.

INDONESIA
THAILAND

South Natuna Sea Block B PSC

South Chi na Sea

BRUNEI

PHILIPPINES

MALAYSIA MALAYSIA SINGAPORE SUMATRA KALIMANTAN

Paci c Ocean

Kuma PSC
SULAWESI PAPUA

South Jambi B PSC Corridor Block PSC Jakarta

Warim PSC

In
0 Miles 500

dia

JAVA

nO c

ean
ConocoPhillips Pipeline Interest

ConocoPhillips Acreage

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East Indonesia

South Sumatra Corridor Block PSC Operator: ConocoPhillips (54.0%) Co-venturers: Talisman (36.0%), Pertamina (10.0%) The Corridor Block PSC is located in South Sumatra and covers a contract area of 911 square miles. The PSC was awarded in 1983 and is scheduled to expire in 2023 under the current extension. The block consists of six oil fields and six natural gas fields. The principal oil-producing fields are Puyuh, Supat and Rawa, and the principal gas fields are Suban, Sumpal, Dayung and Gelam.

Natural gas from the PSC is sold through long-term sales contracts to the domestic and Singapore markets. In 2010, ConocoPhillips and PT Chevron Pacific Indonesia (CPI) signed gas sales agreements to convert the existing gas-for-oil exchange agreements into gas sale and purchase agreements and agreed to deliver up to 514 trillion BTUs of additional gas from the Corridor Block PSC fields to CPIs Duri Steamflood. Delivery of the new volumes is anticipated to begin in 2013. Unitization of the Suban natural gas field was finalized in 2011, and as a result, 10 percent of the fields proved reserves became attributable to an adjacent PSC.

South Jambi B PSC Operator: ConocoPhillips (45.0%) Co-venturers: PetroChina (30.0%), Pertamina (25.0%) The South Jambi B PSC is located in South Sumatra. The PSC was awarded in 1990 and will expire in 2020. There are three gas fields in various phases of development.

53

Exploration and Business Development

License Interest Operator Recent Activity

Warim PSC Kuma PSC

80.0% 60.0%

ConocoPhillips ConocoPhillips

The Warim PSC was signed in 1987. This onshore exploration block is in an area of Papua. Work continues to determine the prospectivity of the block. The Kuma PSC was signed in 2007. This block is in a deepwater, frontier exploration area of the East Makassar Straits. A 3-D seismic survey was acquired in late 2008, and an exploration well was drilled in 2011.

Bangladesh
BANGLADESH
Exploration and Business Development Blocks 10/11 Operator: ConocoPhillips (100%) Blocks 10 and 11 are in the unexplored deepwater region of the Bay of Bengal, offshore Bangladesh. The combined blocks comprise approximately 1.3 million acres with water depths ranging from 3,300 feet to 5,000 feet. Government approval of the PSC terms was received in June 2011. Seismic acquisition activities commenced in February 2012.
MYANMAR
DS-08-10

CHINA

NEPAL

B HUTAN

BANGLADESH INDIA Dhaka Chittagong

DS-08-11

Bay of Bengal
ConocoPhillips Acreage

0 Miles

200

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East

Malaysia
ConocoPhillips upstream involvement in Malaysia began in 2000 and presently consists of interests in three deepwater blocks off the eastern Malaysian state of Sabah: Block G, Block J and the Kebabangan (KBB) Cluster. These three blocks include eight discovered fields in various stages, ranging from appraisal to development execution. Block G Malikai, Ubah and Pisagan Operator: Shell (35.0%) Co-venturers: ConocoPhillips (35.0%), PETRONAS (30.0%) The Malikai-1 and the Ubah-2 exploration wells were drilled in Block G in 2004 and 2005, resulting in oil discoveries. An additional oil discovery was made on
54

Exploration and Business Development

with ConocoPhillips holding a 21 percent initial interest in the unit. Development of Siakap North-Petai is currently under way with first production expected in 2013. Block J Gumusut Operator: Shell (33.0%) Co-venturers: ConocoPhillips (33.0%), PETRONAS (20.0%), Murphy (14.0%) The Gumusut-1 well was drilled in 2003 and resulted in an oil discovery. The field was successfully appraised in 2004 and 2005 and field development has commenced with first production expected in late 2012. Limbayong Operator: Shell (40.0%) Co-venturers: ConocoPhillips (40.0%), PETRONAS (20.0%) Appraisal of the Limbayong gas field is planned for 2013. Kebabangan (KBB) Cluster  Kebabangan, Kamunsu East and Kamunsu East Upthrown Canyon Operator: Kebabangan Petroleum Operating Company Co-venturers: PETRONAS (40.0%),

the block with the Pisagan-1A well in 2005. The Malikai discovery was appraised in 2005 and 2006, and development planning and front-end engineering are under way. Successful appraisal wells were completed on Ubah in 2008 and 2010. 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. Unitization of Petai and the Siakap North Field in Block K was completed in 2011,

MALAYSIA

ConocoPhillips (30.0%), Shell (30.0%) The Kebabangan Cluster PSC was signed in 2007 for appraisal and development of

South China Sea

the Kebabangan, Kamunsu East and Kamunsu East Upthrown Canyon gas and condensate fields. A joint-operating

Ubah
G G

KBB Cluster

company, Kebabangan Petroleum Operating Company, has been established to serve as operator. Development of the Kebabangan

SNP
G J

Kebabangan Malikai Pisagan L imbayong Gumusut

Field was sanctioned in early 2011, and first production is targeted for 2014. Appraisal of the Kamunsu East Field is planned for 2013.

B R U NE I

M A L AY S I A

0 Miles

100

ConocoPhillips Acreage

Oil Field

Gas Field

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East

Australia and Timor-Leste

Australia and Timor-Leste Average Daily Net Production, 2011
Area Interest Operator Liquids Natural Gas Total MBD MMCFD MBOED ConocoPhillips major Bayu-Undan gas condensate development is located in the Timor Sea joint petroleum development area (JPDA) between Timor-Leste and Australia. Conoco Phillips also operates the associated Darwin LNG facility, located at Wickham Point, Darwin. ConocoPhillips also has a joint venture with Origin Energy and Sinopec to produce LNG from coalbed methane (CBM) basins in Queensland, Australia. Additional operations are located offshore and onshore in Western Australia and offshore Australias Northern Territory.
55

Bayu-Undan 56.9% ConocoPhillips 30 Athena/Perseus 50.0% ExxonMobil Australia Pacific LNG 42.5%1 Origin Energy 2 Total Australia and Timor-Leste 30

199 35 122 356

63 6 20 89

1 In January 2012, Australia Pacific LNG signed definitive agreements specifying terms under which Sinopec will subscribe for an

additional 10 percent equity interest in Australia Pacific LNG, with both ConocoPhillips and Origin Energys ownership interests diluting to 37.5 percent. The transaction is subject to satisfaction of certain conditions to closing and is expected to occur in the second quarter of 2012. 2 Origin Energy is the operator of the upstream development. ConocoPhillips is the operator of the downstream development.

AUSTRALIA AND TIMOR-LESTE

Dili
TIMOR-LESTE INDONESIA

Greater Sunrise
NT/P69

Suai JPDA

Barossa Caldita

Bayu-Undan Athena

Greater Sunrise

NT/P61

Browse Goldwyer APLNG Queensland

Bayu-Undan Darwin LNG Facility

AUSTRALIA
WA-315-P WA-398-P

WA-314-P

Timor Sea

Browse

Indian Ocean

Browse Basin

AUSTRALIA

Broome
WESTERN AUSTRALIA NORTHERN TERRITORY

WA-17-L

Athena

Dampier

Canning Basin

0 Miles

100

ConocoPhillips Acreage

Gas Field

Jurisdictional Boundary

Pipeline

Well

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East Australia and Timor-Leste

Offshore Bayu-Undan Operator: ConocoPhillips (56.9%) Co-venturers: Santos (11.5%), INPEX(11.4%), Eni (11.0%), Tokyo Electric and Tokyo Gas (aggregate 9.2%) The Bayu-Undan gas condensate field, located within the Timor Sea JPDA, was discovered in 1995. Production commenced
56

will be supported by expanded gas gathering systems, centralized gas processing and compression stations, and water treatment facilities, in addition to a new export pipeline from the gas fields to the LNG facilities. In 2009, it was announced that the LNG facilities would be located near Laird Point on Curtis Island. In 2010, the APLNG development project received environmental approval from the Queensland state government.

During 2011, three significant milestones were achieved. First, environmental approval was obtained from the Australian federal government. Second, definitive agreements were signed with Sinopec for the supply of up to 4.3 MTPA of LNG for 20 years. The agreements specified terms under which Sinopec subscribed for a 15 percent equity interest in APLNG, with both ConocoPhillips and Origin Energys ownership interests diluting to 42.5 percent. Completion of this equity subscription occurred in August 2011.

in 2004. Produced natural gas is used to supply the Darwin LNG facility. Athena/Perseus Operator: ExxonMobil (50.0%) Co-venturer: ConocoPhillips (50.0%) The Athena production licence (WA-17-L) is located offshore Western Australia and contains part of the Perseus Field that straddles the boundary with WA-1-L, an adjoining license area. Natural gas has been produced from these licences since 2001. Australia Pacific LNG Upstream Operator: Origin Energy (42.5%) Co-venturers: ConocoPhillips (42.5%), Sinopec (15.0%)

AUSTRALIA PACIFIC LNG

0 Miles 5

Curtis Island

Laird Point Site

South End

Paci c Ocean

The Narrows

Facing Island

Gladstone

Port Curtis

Paci c Ocean
Laird Point

Downstream Operator: ConocoPhillips (42.5%) Co-venturers: Origin Energy (42.5%), Sinopec (15.0%) Australia Pacific LNG (APLNG) is a joint venture focused on producing CBM from the Bowen and Surat basins in Queensland, Australia. Natural gas is currently sold to domestic customers, while progress continues on the development of an LNG processing and export sales business. Once established, this will enhance our LNG position and serve as an additional LNG hub supplying Asia Pacific markets. Two initial 4.5 MTPA LNG trains (nameplate capacity) are anticipated, with approximately 16,000 gross wells ultimately envisioned to supply both the LNG development and the domestic gas market. The additional wells
Australia Paci c LNG Acreage Existing Pipeline Gas Field New Build APLNG Pipeline
Surat Basin
0 Miles 50

Rolleston
Bowen Basin

Gladstone

Fairview Strathblane

QUEENSLAND

Yellowbank Spring Gully

Taloona Peat Kenya Talinga

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East Australia and Timor-Leste

Third, in November 2011, a binding Heads of Agreement was signed with Kansai Electric for the supply of approximately 1MTPA of LNG for 20 years from mid-2016. The agreement is subject to APLNG making a final investment decision on the second LNG train. In January 2012, marketing for the second train was completed when binding agreements were signed with Sinopec and its subsidiaries, establishing commercial terms of the supply of an additional 3.3MTPA of LNG through 2035. In addition, the agreements specified terms under which Sinopec will subscribe for an additional 10 percent equity in APLNG, raising its interest from 15 percent to 25percent. The agreements are subject to government approvals and making a final investment decision on the second train. On completion, ConocoPhillips and Origin Energys working interests will be diluted to 37.5 percent each.

Exploration and Business Development Greater Sunrise JPDA 03-19, 03-20; NT/RL2, NT/RL4 Operator: Woodside (33.4%) Co-venturers: Conoco Phillips (30.0%), Shell (26.6%), Osaka Gas(10.0%) ConocoPhillips has a 30 percent interest in the Greater Sunrise natural gas and condensate field located in the Timor Sea. Although agreement has been reached between the governments of Australia and Timor-Leste concerning sharing of upstream revenues from the anticipated development of Greater Sunrise, key challenges must be resolved before significant funding commitments can be made. This includes gaining both governments approvals of the final LNG development concept selected. The co-venturers prefer a floating LNG development concept. Caldita and Barossa NT/P61 and NT/P69 Operator: Conoco Phillips (60.0%) Co-venturer: Santos (40.0%)

Browse Basin WA-314-P, WA-315-P and WA-398-P Operator: Conoco Phillips (60.0% WA-315-P, WA-398-P / 10% WA-314-P) Co-venturer: Karoon Gas (40.0% WA-315-P, WA-398-P / 90% WA-314-P) The three permits are located in the Browse Basin, offshore Western Australia, approximately 300 miles north of Broome. In 2006, ConocoPhillips farmed into permits WA-314-P and WA-315-P and jointly acquired permit WA-398-P with Karoon Gas in 2007. The Endurance 3-D seismic survey was completed in 2008. Afour-well drilling program was conducted in 2009 and 2010. The first well, Poseidon-1 in WA-315-P, was a discovery, and two subsequent wells, Poseidon-2 and Kronos-1 in WA-398-P, also successfully encountered hydrocarbons. A 3-D seismic survey was conducted over the area from 2009 to 2010, and analysis of the survey data was completed in 2011. A second phase of drilling in the three permits is planned for 2012 and 2013 and is expected to comprise five to eight wells. Canning Basin EP443, EP450, EP451 and EP456 Operator: New Standard Onshore (25.0%) Co-venturer: ConocoPhillips (75.0%) During 2011, ConocoPhillips executed an agreement to earn up to 75 percent working interest in the Goldwyer Shale Project, located in the Canning Basin onshore Western Australia. Drilling is expected to commence in 2012. Upon completion of the initial phase of the drilling program, ConocoPhillips will have the right to assume operatorship of the project.
57

Facilities Darwin LNG Facility Operator: Conoco Phillips (56.9%) Co-venturers: Santos (11.5%), INPEX(11.4%), Eni (11.0%), Tokyo Electric/Tokyo Gas (9.2%) The Darwin LNG facility, located at Wickham Point, Darwin, was completed and began full operation in 2006, processing natural gas from the Bayu-Undan Field. The facility is meeting gross contracted sales to Tokyo Electric Power Company, Incorporated and Tokyo Gas Co., Ltd. of approximately 3 MTPA of LNG per year. As is typical with LNG sales contracts to the Japanese market, contract pricing is linked to the JCC Crude Index.

The NT/P61 and NT/P69 permits are located offshore Northern Territory in the Timor Sea approximately 160 miles north-northwest of Darwin. The Caldita-1 discovery well in NT/P61 was drilled in 2005 and the Barossa-1 discovery well in NT/P69 in 2006. A location over the area of the Barossa discovery was declared in 2010. Reprocessing of data over the Caldita structure was carried out during 2011. This will allow the remaining exploration potential of the permit to be fully evaluated.

ConocoPhillips Fact Book Spring 2012

Asia Pacific and Middle East

Qatar
Qatar Average Daily Net Production, 2011
Area Interest Operator Liquids MBD Natural Gas Total MMCFD MBOED

Qatargas 3

30.0%

Qatargas Operating Co.

23 23

370 370

85 85

Total Qatar

58

North Field Qatargas 3 Operator: Qatargas Operating Co. Co-venturers: Qatar Petroleum (68.5%), ConocoPhillips (30.0%), Mitsui (1.5%) In 2003, ConocoPhillips and Qatar Petroleum signed a Heads of Agreement to develop Qatargas 3, a large-scale LNG project in Ras Laffan Industrial City, Qatar. The integrated project comprises upstream natural gas production facilities to produce approximately 1.4 gross BCFD of natural gas over the 25-year life of the project, as well

as an initial average of approximately 70 MBD gross of LNG and condensate combined from Qatars North Field. The project also includes a 7.8 MTPA LNG facility. The first LNG cargo was loaded in November 2010, and the Qatargas 3 Plant is now fully operational. The LNG is exported in carriers owned by Qatargas Transport Co. (Nakilat) and time chartered to Qatargas 3. Peak production was achieved in 2011 and is expected to continue for the life of the project. In order to capture cost savings, Qatargas 3

MIDDLE EAST

North Field

executed the development of the onshore

Qatargas 3/4

and offshore assets as a single integrated project with Qatargas 4. This included the joint development of offshore facilities situated in a common offshore block in the

Ras Laffan

North Field, as well as the construction of two identical LNG process trains and associated gas treating facilities for the Qatargas 3 and Qatargas 4 joint ventures. Production from the LNG trains and associated facilities is combined and shared.

25 Miles

K U WA I T

Arabian/ Persian Gulf

IRAN

SAUDI ARABIA

BAHRAIN

Doha Q ATA R

Abu Dhabi UNITED ARAB E M I R AT E S

Gulf of O ma n

0 Miles

200

OMAN

Qatargas 3 Acreage

ConocoPhillips Fact Book Spring 2012