Page 1
Hunt Projects in Peru
B88/B56 TGP Pipeline
CAMISEA PROJECT PERU LNG
Pluspetrol 27.2% *Hunt Oil 25.2%
SK 17.6%
Repsol 10.0%
Sonatrach 10.0%
Tecpetrol 10.0%
LNG Plant & Pipeline
Hunt Oil 50.0% *SK 20.0%
Shell 20.0%
Marubeni 10.0%
Hunt Pipeline Co.
Original participant
in TGP. 2000-14
Sold 22.4% position
To Enagas in 2014
Exploration
Hunt Oil 35.0% *Repsol 35.0%
Pluspetrol 30.0%
* Operator
BLOCK 76
Dahuene 1XMalvinas
Page 2
LEYEND:
Relinquishment area (2nd Period)
Relinquishment area (3rd Period)
Retained area for 3rd Period.
Base Camp
2
Block 76 Exploration
Page 3
September 2016
May 2015
3
Block 76 Exploration
Page 4
PERU LNG
PERU LNG is a Peruvian
company that was
incorporated in 2003.
It consists of four world-
class leaders of the
energy industry:
50%20%
20%
10%
SK (South Korea)
Shell (Holland)
Marubeni (Japan)
4
Page 7
Truck Loading Facility (TLF)
7
PERU LNG
Page 8
PCChiquintirca
Loop 34” PLNG (408 Km)Loop 24" (105 Km)
HUMAY
PLNG
CHILCA
LURIN
MALVINAS
32” (208 Km) 24” (310 Km) 18” (211 Km)
14” (450 Km) 10” (110 Km)
PISCOPS1 PS2 PS3 PS4
NG730 Km
NGL560 km
Source: Perupetro
Source: Perupetro and Osinergmin
8
TGP and PLNG Pipelines
Page 9
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
B57 74 71
B56 1 5 267 579 577 617 519 414
B88 33 80 108 194 259 278 372 456 490 506 599 632
Other 33 36 43 50 50 73 64 69 73 60 61 65 77 56 58 92
0
200
400
600
800
1000
1200
1400
MM
cfd
B57 B56 B88 Other
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
B57 6 5
B56 10 34 33 35 37 38 38 32
B88 18 32 35 34 31 37 47 45 46 63 58 52
Other 4 3 4 5 4 4 3 3 3 3 4 4 4 4 2 3
0
20
40
60
80
100
120
MB
bls
/d B57 B56 B88 Other
Peru Natural Gas Production (Sales)2000 - 2015
Peru NGL Production2000 - 2015
Natural Gas Outlook -- Peru
9
Page 10
0
1
2
3
4
5
6
7
8
9
10
-
200
400
600
800
1,000
1,200
1,400
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016*
$/M
MB
TU
$M
M
Total Royalties from NG & NGLsB56, B57 & B88
B88 B56 B57 Henry Hub
Source: Perupetro* July 2016
Accumulated royalties as of July 2016 is over $8B
10
Natural Gas Outlook -- Peru
Page 11
Camisea Natural Gas Sales2004 - 2015
10 11 18 29 37 29 33 37 34 33 37 290 5 18 33 47 60 82 98 112 127 146 157
32 5865
125168 180
244
305328 323
377 382
00
0
0
1 1
262
575570
613536
455
0
200
400
600
800
1000
1200
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
MM
SCFD
Industrial Distribution Power Generation Peru LNG
Source: Camisea Consortium.
11
Natural Gas Outlook -- Peru
Page 12
Forecast Camisea Natural Gas Sales2016 - 2021
41 42 43 44 45 45
170 185 202 222 227 233
413 433455
469 483 497
620620
620620 620 620
0
200
400
600
800
1000
1200
1400
1600
2016 2017 2018 2019 2020 2021
MM
SCFD
Industrial Distribution Power Generation Peru LNG
Source: Hunt estimates.
12
Natural Gas Outlook -- Peru
Page 13
13
Natural Gas Outlook
Page 14
14
Natural Gas Outlook
Page 15
15
Natural Gas Outlook
Page 16
16
0
2
4
6
8
10
12
14
19
90
19
90
19
91
19
91
19
92
19
92
19
93
19
94
19
94
19
95
19
95
19
96
19
97
19
97
19
98
19
98
19
99
19
99
20
00
20
01
20
01
20
02
20
02
20
03
20
04
20
04
20
05
20
05
20
06
20
06
20
07
20
08
20
08
20
09
20
09
20
10
20
11
20
11
20
12
20
12
20
13
20
13
20
14
20
15
20
15
20
16
U.S. Natural Gas Net Imports from Canada (Bcf/d)U.S. Natural Gas Pipeline Imports From Canada
U.S. Natural Gas Pipeline Exports to Canada
Net Imports from Canada
Natural Gas Outlook
Page 17
17
Natural Gas Outlook
Page 18
18
Natural Gas Outlook
Page 19
19
Natural Gas Outlook
Page 20
20
Natural Gas Outlook
Page 21
0
2
4
6
8
10
12
14
16
Jan-2016 Jan-2017 Jan-2018 Jan-2019 Jan-2020
LNG
Exp
ort
Cap
acit
y (B
cfd
)U.S. LNG Exports
LNG Export Capacity (Bcfd)
21
Natural Gas Outlook
Page 22
22
0
2
4
6
8
10
12
14
16
19
73
19
73
19
74
19
75
19
76
19
77
19
78
19
79
19
80
19
81
19
82
19
83
19
84
19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
U.S. Natural Gas Net Imports in 2016 at Lowest Level Since 1986 (Bcf/d)
U.S. Natural Gas Imports
U.S. Natural Gas Exports
U.S. Natural Gas Net Imports
Natural Gas Outlook
Page 23
Worldwide Gas Price Evolution
23
Natural Gas Outlook
Page 24
RBC Capital Markets24
Global LNG Landscape
United States China
Japan
Korea
Europe
India
Asia & Pacific
Canada
Russia
Australia
South &
Central
America
Africa
Qatar & Area
Average Sailing Days to China/Japan
Exporter (Supply)
Importer (Demand)
Size of each bubble represents relative scale of supply / demand in 2020E
10 Days
13-15 Days
7-8 Days
Asia Pacific:
~56% of Global
Demand by 2020E
Europe:
~14% of
Global
Demand by
2020E
Source: As per RBC Research; International Gas Union World LNG Report
Latin
America:
~13% of
Global
Demand by
2020E
Proposed Canadian LNG projects are competing with
key global exporters Australia, West Africa, Qatar,
Russia and the United States
?
5 10 1Bcf/d:
Natural Gas Outlook
Page 25
• Global LNG supply + demand outlook
25
Natural Gas Outlook