Ophir Portfolio Highlights 6 successes from 6 wells since last Capital Markets Day 2012 Exploration Record Net contingent (2C) resources increased 444% from 220mmboe1 to 1,197mmboe2 Historical finding cost of 0.87/boe3 since Ophirs…
Ophir Business Model: Focussed on nearterm ROI Exploration and appraisal: Commercialisation: Start-up: High-risk high-reward, rapid value accretion in the exploration and appraisal phase Increased capital First production: project…
Progress Since IPO Net Contingent Resource + Prospective Resource 4,000 3 new deepwater blocks totalling 12,000 km2 9 seismic programs in 2012, over 13,000 km2 3,000 100% drilling success in 2012 : 6 from 6 BBOE 2,000 Net 2C…
Gabon: Pre and Post Salt Prospectivity A major new oil play. Ready for drilling in 2013 1000m 2000m 200m 500m 4 Blocks covering an area of in the 12,712km2 ensuring Ophir has the Mbeli largest offshore footprint in the…
Twinned Basins Successful learnings from Petrobras on the conjugates Niger Delta Sergipe Alagoas Basin Douala Basin Gabon Basin Barra Gabon Basin Sergipe Alagoas Basin Reconcavo Basin Barra Almada-Camamu Basin Congo Basin…
Gabon: Leveraging seismic technology Improved sub-salt imaging; The Stenella 3D Tolo Xline 2103 1998 Pre Salt exploration of the South Atlantic owes its success to advances in both seismic acquisition and processing developed…
Gabon, Play 1: Pre Salt Large Pre Salt Structures Confirmed with new Stenella 3D Padouck Mega Structure A A Padouck Mega Structure Mbeli 8 BBbl Mean Recoverable1 Northern Mega Post Salt Structure 2 MBbl Mean Salt…
Equatorial Guinea: Approaching Commercialisation Potential for a single LNG train, added upside potential for deeper liquids Seven gas discoveries on-block Over 3 TCF1 of 2C contingent resource discovered 7 TCF1 of unrisked…
2012 Campaign Increases Block R 2C Resource to 3TCF Successful 2012 three-well drilling programme Results from 2012 drilling yet to be integrated into revised POS Bubble size is proportional to net risked and volumes resources…
Block R Gas in Context Alba Area Gas and condensate Production Zafiro Complex Mature oil production Significant gas flaring Punta Europa 3.7Mtpa liquefaction capacity Blocks O & I New oil production with associated gas…
EGLNG-R: A clearer path to the Asian market Post 2012 drilling programme: Dedicated LNG project from Block R now a viable option Accelerated onshore development Fewer stakeholders = more control of pace by Ophir Plan A: EG LNG-R…
Global LNG: EG has a competitive position on cost curve Current train materially lower cost than others; new train expected to be on-par Illustrative LNG Supply Cost Into Japan / Korea / China 15 Cost at Border Point (/mmBtu) 10…
East Africa
East Africa: Largest Offshore Acreage Position An Emerging Resource Play with multi-train LNG Potential To date 25 wells drilled Offshore East Africa, 6 by Ophir Anadarko 84% Success Rate versus Industry Average of 33% L15…
Blocks 1,3,&4- 2013 Programme: Building on the successes of 2012 Adding value through high impact drilling combined with appraisal 1. Proved up minimum commercial resources for two-train LNG development 13.5 21 TCF1 in place resource…
Recent Well Results: Continued Success 11 TCF1 GIIP discovered in 2012 (1.7 BBOE1), 13.5-21.5 TCF1 GIIP total discovered Jodari-1 Mzia-1 Papa-1 Play-opening well Rovuma Lower Tertiary Play opening well Rovuma Upper Play-opening…
Jodari: Appraisal Campaign Proving the LNG anchor field Jodari-S Jodari-1 Re-entry Jodari-N Appraisal &Jodari-1 DST Discovery Exploration S N Campaign Objectives K350 Reduce volume uncertainty prove the upside Confirm reservoir…
Block 1: Outboard Targets interpreted on 3D Seismic 20+TCF target identified by initial mapping of 3D Kusini Outboard 2,500 km2 3D Survey acquired in Q2 2012 New Ophir-BG 3D Seismic Survey Basin floor fans interpreted in Block 1 on…
Miocene Channel and Fan Complex Miocene Channel A B Stacked Potential A B Miocene Channel + Fan Complex Miocene Paleocene to Oligocene Arbitrary Line 22
Ophir Operated Tanzania Licences Overview Block 7: (Ophir 80%, Mubadala 20%) Block 7 Ca. 80km East of Dar Es Salam Covers an area of 8,475km2 LEGEND Pre-2012 Seismic Water depths: 200m 3,000m 2012 Seismic Ophir Acreage Multiple…
Kenya: Enviable footprint in a rapidly emerging play The industry migrates north in 2012/2013 Somalia Aggressive acreage Kilometers acquisition: The majors 0 30 60 compete for Land Grabs L21 as the Kenyan Kenya Government…
Kenya: Unlocking potential through aggressive data acquisition 2 Basins, 2 Blocks, 2 3D Surveys in 2012 2 3D seismic surveys acquired between September- November 2012. Block L-15 Ndoto 3D Survey, designed to target 2 Plays: Kenya…
East African Gas: Beyond expectations An untapped resource with potential to capture Global LNG markets Global LNG: A Dynamic Market Kenya LNG: East Africa well located to supply new & growing markets in Mbawa proof of concept Ophir,…
Tanzania: Commercialising Gas Innovative early commercial agreements: provide control and accelerate development Farm out and collaboration with best-in-class LNG operator Commercial certainty and bankability will attract mid-stream…
Q4 2012 & 2013 Drilling Programme 2013 programme targeting net unrisked recoverable resources of over 29 TCF and 1.4 BBBL Pmean (MMBOE)2 CoS Gas/ 2012 2013 Country Well Name Play Type Ophir Gross Net (%) Oil Q4 Q1 Q2 Q3 Q4 Q4 2012…
Loading...
