SADR x4 Operator African Exploration Portfolio Somaliland x1 Operator 16 assets, across 8 jurisdictions. Plays in a mix of proven and emerging basins. Experienced Management Team Strong relationships. Track record of success.…
LNG is the transportation mechanism that can take gas from Africa to markets in North America, Europe and Asia BUT if the brightest thing on the African continent is natural gas being flared why would we try to find more Gas in…
US Natural Gas Wellhead Prices North Atlantic gas prices dramatically reduced and 9 8 decoupled from oil prices due to impact of 7 unconventional gas. 6 50% of US gas demand is from unconventionals in 5 U/Mcf 2010…
Unconventional gas production increased in the US facilitated by the 2005 Energy Bill which granted certain exemptions from the Clean Water Act, the Clean Air Act, Safe Drinking Water Act. Hydraulic fracing can use 2 to 7 million…
We see limitations in terms of the environmental footprint and the infrastructure requirements such as the number of wells we have to build and the technologies that make it a bit challenging in Europe. Jan Panek, Head of European…
LNG will be an important part of the global energy mix in the future. Africa has an abundance of reserves on the west coast, with the east cost emerging as a major gas province. We see the potential of East Africa challenging leading…
Blocks 1, 3 and 4 27,000km2 Ophir (Operator) 40% Seychelles BG 60% Comoros Barquentine Collier Windjammer Ironclad Chaza-1 Block 4 Block 3 Mnazi Bay Pweza-1 Block 1 Chewa-1 Mafia Deep ST-1 Songo Songo…
4H ,1V Multiple play systems with abundant direct hydrocarbon indicators (DHIs) Evidence of both oil and gas charge but expectation weighted towards gas Requirement to pre-plan the commercialisation structure for gas…
In the period 2006 to 2010 Ophir has: Acquired 8,066km 2D seismic data Acquired 3,499km2 3D seismic data Negotiated gas commercialisation agreements Developed a deepwater oilfield supply base at Mtwara and negotiated…
A variety of structural and stratigraphic trapping styles are recognised in Blocks 1, 3 and 4. Prospect 1 Prospect 2 Interpreted HC Contact Many of the prospects are supported by the presence of DHIs on seismic data…
On 26 May 2010 the Company entered into a series of gas commercialisation agreements with the Government of Tanzania. These provide specific fiscal terms for gas developments and go beyond the PSC to enable the transportation,…
Commenced drilling offshore Tanzania 18 September 2010 Pweza-1: Gas Discovery Chewa-1: Gas Discovery Chaza-1: Gas Discovery Deepsea Stavanger 14
Successful deepwater drilling programme underway. Pweza, Chewa and Chaza discoveries demonstrate presence of multiple play systems. Significant upside potential. Further 3D data acquisition underway. Shorebase support…
2008 3 Wells Block R 2 Gas Discoveries 1,600km2 Evidence of Oil Charge Ophir (Operator) 80% GEPetrol 20% 2009 1,000km2 3D Seismic Conceptual Field Design 2011 Drilling & Production Testing* *subject to the usual government…
Lykos-1 Bythos-1 Crestal four-way dip Fan system closures Fortuna-1 stratigraphic traps Target Interval Deep thrust related closures Source Rocks Principal 2008 drilling campaign 3 wells in 45 days Gas discovery…
Two discoveries from three wells. Positive exploration outcome, but overall project volumes remain to be determined: in existing discoveries through focussed appraisal; addition of new low-risk step-out gas volumes; and…
The Fortuna fan complex is well defined seismically. Detailed seismic stratigraphy studies have enabled a full understanding of the depositional architecture. The key uncertainty is the net:gross ratio of the sand.…
Lykos-1 Lykos has a proven play-type with significant follow-up potential. The features are well defined seismically and have a typical exploration PoS 80%. Wells can be drilled and completed as development wells to reduce…
Fortuna Discovery Interpretation of the Fortuna 3D Area : 44 km2 is ongoing. Volturnas Prospect A number of potential drilling targets have been identified. Area : 48 km2 Chronos Prospect The prospects are…
Phase 1 Field Design Basis Ophir is committed to supporting the Governments plans for a second liquefaction train (EGLNG2) as the preferred option to commercialise Block R FPU Vessel gas. Phase 2 Gas rates 250, 300 and…
New exploration potential The gas response on Seismic provides a measure of confidence in estimating potential volumes. Low-risk Current resource estimates require step-out exploration confirmation by further exploration and…
Is there really a place for the juniors in the global LNG business We think there is, provided that there is: Careful choice of geography and geology. Early entry. Strong relationships and trust with host Governments. High…
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