East Africa E&P Conference Exploring the rift and coastal basins of East Africa 13 January 2011
Afren East Africa Exploration in context Nigeria Asset Okoto Setu Working Interest 50.0%2 Local Partner Amni Afren East Africa Exploration Asset Base Ofa 32.5% IEL OPL 310 70.0% Optimum Ethopia OPL 907 41.0%3 GEC Asset…
Portfolio set in the East African rift systems Block 2,6,7,8 Block 10A Block 1 Gondwanaland Block A Block B Block C Block 1101 From Finding Hydrocarbons in East and West Indian Ocean by Chris MatchetteDownes, Jan…
East Africa is relatively underexplored Low relative drilling coverage West Africa 14,600 wells Central and North Africa 19,000 wells East Africa 480 wells Working petroleum systems Despite the low levels of drilling and lack of…
Structural elements plate tectonic framework Ethiopia Blocks 2,6,7,8 Kenya Block 10a Kenya Block 1 Seychelles Blocks A,B & C Madagascar Block 1101 6 Exploring the rift and coastal basins of East Africa…
East Africa other recent events and corporate landscape SEPTEMBER 2010 Tullow Oil plc acquires South Omo block from Africa Oil Corp. JANUARY/NOVEMBER 2010 Centric Energy Corp signs PSC for Block 10BA / Africa Oil signs definitive…
Activity summary new drilling using better data is beginning to deliver results East Africa : The key finds thus far SOMALIA Wingayongo: Oil seep Jurassic MOZAMBIQUE Mandura Basin oil seeps/shows Wingayongo 1 & 2 30m & 40m of tar sand…
Afren East Africa Exploration portfolio highlights Kenya Blocks 1 (50%), 10A (20%), L17/L18 (100%) Abundance of regional oil indicators (oil shows in previous wells and surface seeps) Underexplored acreage positions with large scale…
Madagascar Block 1101 Top Isalo depth structure based on field mapping Ambilobe-1 Well Oil shows in the middle Jurassic C Isalo sands not reached Potential Drilling Locations Bandrany High Ampasindava Bay Lead A Lead C…
Seychelles Oct 2009 seismic has reduced structural risk Afren EAX Licences Area Good reservoir and seals proven A Numerous large structural leads Area B in all 3 licence areas with substantial upside potential Additional 2D…
Seychelles Oct 2009 seismic has reduced structural risk SSW Seychelles 2009 Seismic Migrated Brute Stack Processing NNE 1500m water depth Water bottom U. Cretaceous turbidite sequence U. Cretaceous turbidite base MidJurassic…
Seychelles significant additional potential exists S N 2 Afren EAX Licences 3 Area Area B A 4 Seismic Survey Area C 100 kms 5 Long offset 2D seismic data over NW part of Area A indicates additional…
Kenya Ethiopia Sudan Somalia Block 1 Block 10A Uganda CNOOC Q4 2009 Encountered 91m hydrocarbon pay in Cretaceous, preparing to test. Same basin as Block Afren EAX regional 10A office in Nairobi Licence Operator…
Kenya L17/L18 hydrocarbons on Mombasas doorstep Possible early success + early monetization Pemba Island oil seep - Eocene potential source but immature Mombasa - High TOC & HI values in Pemba5 well, Tanzania 1 million people…
Kenya Blocks L17/L18 coastal high play fairway SW Mombasa lead NE Near Top Cretaceous TWT Structure Map L17 Kenya Mombasa New shallow water (020m) 2D seismic being E acquired in the near shore focus areas where W no seismic…
L18 2010 Seismic Program 18 Exploring the rift and coastal basins of East Africa www.afren.com
Kenya Block 1 El Kuran significant oil and gas shows Tarbaj Oil Seep Intra Oil in shallow water well Jurassic and Tarbaj1 core Intra CNOOC Basement Karoo Bogal1 2010 gas discovery 50 kms Large under explored…
Kenya Block 10A Sirius 1 Oil Shows Lead B (Sirius updip) Lead C Lead D 4km Large faulted leads incorporate juxtaposition of proven Lower Cretaceous reservoir with proven Upper Cretaceous seal Lead B (Sirius…
Ethiopia Blocks 2,6,7,8 (Ogaden Basin) Licence Operator Afren EAX Blocks 2 & 6 Africa Oil (55%) 30% Blocks 7 & 8 Africa Oil (55%) 30% Petronas Calub and Hillala Gas fields Proven oil and gas basin with proven reservoirs, seals 4…
Ethiopia Blocks 2,6,7,8 (Ogaden Basin) South Lead Central Lead Mid Hamaneli oil zone Adigrat Formation 4 dipclosed leads identified on current seismic B NS seismic line through El Kuran area El Kuran1 well with…
Black Marlin management team Conclusions 23 Exploring the rift and coastal basins of East Africa www.afren.com www.afren.com
Forward drilling programme Mean prospect size Country Block Interest mmbbls L17/L18 100% 60 Kenya 10A 20% 103 1 50% 270 Madagascar 1101 40% 150 Seychelles A,B,C 75% 240 Ethiopia 2&6 30% 85 25 Exploring the rift…
Full Cycle E&P East Africa Exploration in Context EXPLORATION 9 high impact prospects in current firm drilling Keta Block (Ghana) OML 26 (Nigeria) plan to end 2012 across multiple basins, play OML 115 (Nigeria) OPL 310 (Nigeria)…
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