Oil Searchs Growth Strategy Optimise existing oil assets with a focus on: Maintaining safety and environmental performance Delivering gas supply obligations and life extension whilst adding value from reserve adds and cost…
Regional Top Toro Depth Map 100km 5 Regional Structural Cross-Section Limit of Drilling Oil Window 6
Papuan Basin Chronostratigraphy Mesozoic Rift/Sag passive margin End Cretaceous Uplift then sag Late Miocene to present day compression S Main Source Interval Next Gas Source slide 7 Early Jurassic Rift…
Frontal Fold Belt Seismic Transect Cecilia Nomad Karius Hides Darai Darai Tor o Ieru Toro Toro Basement Syn-rift Syn-rift Basement Basement Reprocessing of older seismic data giving better insight into geological…
Regional Top Toro Depth Map PPL260 OSL Fold Belt Korka Only proven oil prone area of Foldbelt Focus for 1986+ oil Next Slide exploration PPL219 OSL Mananda Attic PPL219 OSL Wasuma 100km 11 Top Toro Depth…
Foldbelt Digital Elevation Model 143E 144E 40km 6S 7S Juha Hides Mananda Moran Kutubu SE Hedinia Gobe SE Gobe 100s of wells drilled along fold belt, half with image logs Dips, fractures and break-outs available for each well…
PPL219 - Wasuma Pre-drill vs Post-drill Interpretations Pre-drill Hangingwall trap analogous to SE Gobe Deeper Footwall trap Wasuma (Wasuma Deep) as Hangingwall secondary objective Wasuma Deep Post-drill No valid…
Mananda 5 well pad November 2010 19 Coal Bed Methane Potential in PNG Oil Search has been awarded seven licenses for CBM exploration 17500 sq km in area Currently drilling 1st well of 3 well campaign Objective - to refine…
Era Bed Coal Measures Log Examples Ketu ST-1 Elevala-1 Kiunga-1 21 Eastern Australia Comparison PNG Licence size comparison Source Origin 22
Offshore Regional Seismic Line Darai Pasca Flinders Platform edge Pliocene Deltaic Wedge Pasca Miocene Build-up Aure Fold-belt 200m 1000m 27 Flinders Prospect PPL244 NW SE Base Pleistocene…
PPL244 Lead Examples 2D Seismic NW SE SW NE Pasca Discovery Flinders Prospect Leads 29 PPL338 & 339 PPL 338 and PPL339 farm-in PPL339 details: Oil Search earns an initial 30% stake from Dabajodi 338 339…
Indicative PPL338 Reefal Lead Sparse coverage of 1960s vintage seismic data Strong indication of reefal build-ups 31 PPL276 PPL 276 farm in details: Oil Search earns an initial 30% stake from Rockwell Energy for funding…
Offshore Mesozoic Plays Somewhere in Gulf of Papua: Mesozoic play potential does exist offshore PNG Flat-spot conformable with structure Needs 3D seismic to fully evaluate prior to drilling 33 PPL312 PPL312 farm in details:…
Gulf of Papua Evaluation Plan 2D program Q1/2 2011 Feb 2011 1185 km2 Nov-Jan 2010 4700 km2 Jan 2011 400 km2 6285km2 3D seismic over all known offshore Leads plus Flinders Prospect 35 Gulf of Papua 3D…
PDL2 - Agogo Forelimb Drilled 1100m+ overturned & steeply SW 7 NE dipping Forelimb H an g ingwa Underlies Agogo field & facilities mTVD Hedinia Sand Over ll 2400 turne Producing 1,500 stb/d Foreli mb d Forelimb trend can…
PDL2 Near Field Exploration This section is constrained by the IAG-2 seismic line, numerous wells and surface outcrop data The Hedinia forelimb is constrained by the Hedinia-4X well and analogy with Agogo The forelimb is likely to be…
Huria Prospect PRL11 / PDL8 PPL260 Huria Prospect PRL 11 WI % PRL02 PDL9 Oil Search 52.50 PDL1 PDL8 PRL11 Exxon 47.50 PRL02 PDL7 PRL11 PPL239 PRL02 Near field opportunity located PDL7 adjacent to Angore and Hides gas PDL8…
Summary Oil Searchs ongoing exploration programme is closely linked to our strategy: Grow our LNG Business: Derisking and testing the Gulf Area LNG Opportunity Maturing reserves in the Foldbelt for PNG LNG expansion Adding value to…
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