Oil Search in the MENA Region OSH commenced programme of measured diversification into the Middle East/North African region in 2000 Focus is on proven petroleum systems with: Existing infrastructure Low finding & development…
MENA Assets and Focus Libya Egypt Iraq (Kurdistan) Yemen Entry strategy Building material exploration Medium-long term Material exploration position 1 Non-operated position positioning strategy Largest licence holder in country…
Yemen 35
Yemen Billion bbl Billion bbl produced to date produced to date Nabrajah 120,000 BOPD Pipeline 250,000 BOPD Pipeline 1 producing oil field (Nabrajah, Block 43) 7 Concession areas (5 as Operator) 36
Yemen Production Block 43 Nabrajah Oil Field Nabrajah gross production currently averaging 7,000 bopd OSH 28.33%, Operator DNO Nabrajah Production Forecast Basement under appraisal 14,000 Nab-11 suspended pending further…
Yemen Exploration Significant Drilling Campaign testing 300-500 mmstbo Up to nine exploration wells planned late 06 / early 07 Proposed Prospect B Proposed East Wadi Sana-1 1Q 2007 1Q 2007 NABRAJAH Proposed Shaibah-1…
Yemen Block 43 Block 43 400sqkm 3D Seismic Survey Nabrajah field OSH 28.33%, Operator DNO Drilling break to allow interpretation of new 3D seismic for planning future Nab wells Oil Search has proposed exploration…
Block 43 Proposed Shaibah-1 Well Ressib field Top Saar Carbonate TWT 50 mmstbo Source Rock Kitchen Raydah field n 20- 50 mmstbo r a tio g Mi Oil Tawilah Field 400 mmstbo Proposed Shaibah-1 Strat Trap 1 Strat…
Yemen Block 49 Block 49 OSH 31.75% Operator CCC (OSH Drilling Op) 2 Exploration wells approved Al Noheilat-1 to spud 4Q 2006 Balharak East-1 to spud 1Q 2007 Civil work nearing completion at Al Noheilat-1 Mean Reserves: Al…
Yemen Block 35 Block 35 OSH 32.5%, Operator 2 exploration wells approved Reeb-1 (Prospect B) spudding 1Q 2007 East Wadi Sana-1 spud 1Q 2007 Civil work complete at Reeb-1 Mean Reserves: Reeb-1 60 mmbbl Mean Reserves: East…
Yemen Block 15 Block 15 Ras Ghashwah-1X Sarar-1X Masilah-1X Recovered 1700 litres Recovered 38 API oil from 45 API oil from Oil and Gas shows fractured Eocene limestone Cretaceous sands Hami-1X Heavy oil & bitumen…
Yemen Block 3 OMV Habban Block 3 New Basement Discovery 750m oil column OSH 60% Operator PSA ratified 7 June 2006 OMVs recent Habban-1 basement discovery in Block S2 and YICOMs West Ayad fields are on-trend to untested…
Yemen Block 7 Block 8 Block 7 OSH 34% Block 7 Block S2 OMV Habban New Basement Discovery 750m oil column Block 2 OSH 34% Operator Block 3 OSH 60% PSA initialled 1 October, West Ayad Field Basement Play not awaiting…
Blocks 3 & 7 Multiple Plays & Analogues S N Strat . Traps Tilted Block Tilted Block wellbore(m) Lithology Formation Group Defined Series Stage Top riasian ginian Hauterivian Barremian Aptian Albian Cenomanian…
EGYPT 48
Egypt Assets Area A, Gulf of Suez 4 development and 2 exploration 49.50% concessions OSH operator, 100% equity: PSA & Shahd 1 ESA Ghard 1 Umm El Yusr Area A Exploration 100.00% Kareem, Yusr, Kheir & Shukheir…
Egypt Area A Production 5 development drill Area A YE 2006-2008 Budget Production Forecast candidates identified 6,000 1800 together with several other possible targets First 2 exploration wells have 5,000 1500 solid development…
Egypt Area A Exploration and Analogues SG 300 Area A SG 300 Field - 50 mmbo Nubia Kareem -1 Yusr-1 Yusr Nubia Kareem Nubia Reserves 10 mmbo Reserves 10 mmbo Spud 4Q 2006 Spud 4Q 2006 51
East Ras Qattara Bahariya Depth Map 1st Exploration East Ras Qattara OSH: 49.5% Non-Op (SiPetrol) Well a discovery Shahd-1 at TD preparing to test Opening up play fairway Chain of structures 2nd Exploration well Shahd-1…
East Ras Qattara Shahd Prospect Well Summary First well in a two well commitment programme Mean Reserves: 21 mmbbl Well Status Shahd Shahd-1 at Shahd South Shahd 3,479m TD New 3D confirms South East Minimum 15m oil…
East Ras Qattara Ghard Prospect Ghard-1 Ghard-1 Summary Spud Date : 4Q 2006 Proposed TD : 3,956m Objectives : Bahariya, Kharita and Ghard Structure Tilted Fault Alam El Boueib Sands Block Mean Reserves : 20 mmbbl 54
LIBYA 55
Libya Asset 5 Year Exploration 10000km2 Period (ends May Petrobras 70% Oil Search 30% 2010) Commitments: 1 Exploration well 2000 km 2D seismic 500 km2 3D seismic Work Program: 2006 Geological and Geophysical studies;…
Libya Area 18 Prospects and Leads Reserves Range 150 450MMbbls 1 Prospect and 3 Leads identified in the block 2D & 3D seismic tenders evaluated. 2D awarded to CGG. Wavefield to be awarded 3D contract 2D Seismic acquisition…
IRAQ Kurdistan Region 58
Iraq Kurdistan Province Bina Bawi EPSA Bina Bawi EPSA Strategy DNO Tawke-1well TURKEY 500MM -1,900MMbbls Flowed oil 7,000bopd mean reserve potential 20% indirect option (convert 10% from zone ar 350m Zakhu direct) Testing 5…
Kurdistan Bina Bawi Potential Bina Bawi Surface Anticline: Proven Petroleum System Large surface anticline: 350 sq km; 800m closure For comparison: Kutubu 40 sq km Volumetrics: Risked Mean 100% oil case: 500 million bbls 1.9…
MENA 2006/07 Drilling Programme TOTAL WELLS: 28 19 Exp + 9 Dev Tests reserves of 500 1,600 mmbbl Yemen: 3 Rigs Onshore (Op): JOECO Rig-3 Onshore (Non-op): Rig-47 Offshore (Op): Energy Searcher Egypt: 2 + 1 Rigs Onshore…
Middle East - North Africa 2006/2007 Activity Schedule 2006 2007 3Q 4Q 1Q 2Q 3Q 4Q YEMEN Block 49 Block 49 Block 35 Block 35 Block 3 Block 3 Onshore (OSH Operated) Ain Noheilat Balharak E Reeb-1 Magrabah-1Al Harsh-2 Ataq-1…
New Business Summary 63
New Business Summary Exploration - Organic Growth Build materiality around existing core areas Develop assets that have operational synergies Focus on material step out opportunities Build on established relationships with local…
New Venture Activities EGYPT (near term Materiality build) KURDISTAN (long term) Currently reviewing gas & oil opportunities in Farm-in with Petoil in Bina Bawi concluded LIBYA/ Algeria (near medium term) Egypt as part of focused…
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