Update on Cameia 1 Pre-salt Exploration Discovery February 2012
Cameia 1 An Exceptional Success Cameia 1 Drill Stem Test Results Sustained rate of 5,010 bopd and 14.3 mmcfd ( 7,500 boed) Minimal bottom-hole pressure draw down Upon shut-in, bottom-hole pressure reverted to initial state in less…
Cameia 1 - Well Results Exceed Expectations U.S. Quarter Pre-Drill Results Reservoir 490 ft. Net Pay 1,200 ft. oil column Thickness (Mean case) 900 ft. Net Pay 75% net-to-gross Reservoir Key Risk Highly permeable and Quality…
Extensive Running Room in Pre-salt on Blocks 21 and 20 Cobalt License Pre-salt Discoveries Cameia discovery significantly Cobalt Prospects Block 20 de-risks Angola Pre-salt play Cobalt Pre-salt Discovery Lontra Baleia 1A Pre-salt…
Bicuar, North Cameia and Lontra Initial Follow-on Prospects on Blocks 20 and 21 DISCOVERY Cameia 1 DISCOVERY (2012) Baleia 1A Lontra North Cameia Cameia 2 Bicuar (1996) Prospect Prospect Appraisal Prospect Well N 2 S 15 miles 30…
Large Structures Characterize Gabon Pre-salt Inventory Cobalt License Pre-salt play is already proven Pre-salt Discoveries Cobalt Prospects onshore and near shore Gabon Pre-salt Discovery Rabi-Kounga field (940 MMBOE)1 Cobalt…
Accelerating the Appraisal of Cameia Discovery Cobalt License Discovered Resources Potential Resources Cobalt Pre-salt Discovery Block 21 Cameia 2 appraisal well Cobalt Upcoming Well Cobalt Upcoming Well will be drilled immediately…
Evaluation of Potential Cameia Development Options Underway Potential Cameia Development Concept Internal pre-concept development plans progressing Development model predicated on a phased development approach Sub-sea concept and…
West Africa Pre-salt - Early Success and Future Potential Catalysts Cameia 1 World-class Pre-salt oil discovery that far exceeds pre-drill mean expectations and significantly de- risks the Angola Pre-salt play Cameia appraisal…