Developing and Exploring PNGs Billion BOE Carbonate Play
PNG Carbonates Supplying LNG There remains the opportunity for a discovery of upwards of a billion BOE (6 tcf) in Papua New Guinea, where carbonate plays have been overlooked for several decades. The presentation outlines and…
The Main Carbonate Fairways Basinal The shallow marine platform Puri Facies AntelopeClastic Shallow Marine and reef trend extends Reef/Platform Aure Beds Darai Facies carbonates onshore in the 0 25 50 kilometres eastern…
Carbonate History in PNG The existence of carbonate gas fields have been well founded since the 1950s. The early discoveries in Papua New Guinea were primarily in carbonate limestone reservoirs with oil, gas and condensate…
First Gas in a PNG Carbonate Bwata 1959 Kuru 1956 ,,, Triceratops -1 &Sterling M & %Moos e-1 % Bwata-1 % % %Moos e-2 % %% Subu % % Subu- Elk-2 & & Elk-1 & & Elk-4 ((( Antelope-1 Elk/Antelope Puri 1959…
PNGs Forgotten Treasures The Carbonate Play Carbonates produced PNGs first oil and gas discovery 65% of the worlds hydrocarbons are found in carbonates Carbonates are both on-shore and offshore in PNG Carbonates in PNG have…
PNG Carbonate Fields Shallow Water Pandora Platform and Reef Carbonate PASCA Reef Bor ab i B arrier Reef Trend Uramu Gas Field PPL237 Antelope Gas Field Puri Kuru Elk Gas Field Kereru Ra nge Bwata Gas Field PPL238…
Schematic of Play Types (Thicknesses) Offshore Onshore Foreland Foldbelt Shallow Marine Reef/Platforms Reef/Platforms 2000 Shelf/Barrier Reef on old topographic highs 3,000 to 6,000 ft Antelope folded Uramu/PASCA/Pandora…
Regional Seismic Sections - Carbonates Uramu and Mira Antelope Gas Condensate - 47 m column Gas Condensate - 618m column Fold Belt Foreland PASCA Pandora Gas Condensate - 124m column Dry Gas - 277m column
PNG Hydrocarbon Systems P P'nyang 'nyang 66 66 6 6 Juha Juha 66 H Hides ides S Sta tannle leyy An Anggoore re P R L4 P R L5 K Potential Gas Volumes Keetu tu Mananda Mananda 2 E Elevala levala M Moora rann 11…
PNG Discovery History - Carbonates Well Location Reservoir Result Discovery Year Kuru 1 Onshore Fracture Lmst. Gas 1956 Puri 1 Onshore Fracture Lmst. Oil and Gas 1958 Bwata 1 Onshore Fracture Lmst. Gas Cond. 1959 Uramu 1A Offshore Reef…
World Class Reservoir System The carbonate limestone's have a proven thickness, porosity and deliverability in PNG that qualify as a world-class reservoir. Deep Marine: Characteristics Fracture prone with well developed…
Antelope Platform / Reef Complex Model Elk-2 Elk-1 Elk-4 Antelope-1 ELK OVERTHRUST REEF PLATFORM E AN STON TE NDI LIME LO ME PURI/ PE FA UL T E04IOL05 Antelope-1 (tests attic and Elk-2 Elk-1 Elk-4 reef potential)…
Carbonate Well Deliverability (Top 10) Current Gas Rate Location Name Year Operator (MMSCFD) On/Offshore Elk-4 2008 InterOil 105 On Elk-1 2006 InterOil 102 On Pandora 1 1988 Talisman 57 Off Pandora 1 1988 Talisman 47 Off…
Early Carbonate Gas Resources Papua New Guinea Carbonate Gas Volumes GAS FIELD YEAR TYPE GIIP P90 P50 P10 DISCOVERED (BCF) (BCF) (BCF) (BCF) Pandora 1988 gas - 230 1500 2640 Pasca 1968 gas/cond 435 - - 160 Uramu 1968 gas/cond - 275…
Carbonate Gas Field Column Heights (Comparison) Carbonate Fields Gas Column Heights 700 618 600 500 400 Metres 300 277 200 156 124 100 47 46 0 Elk/Antelope Pandora Bwata PASCA Uramu Kuru Carbonate Field
Gross Rock Volume (millions of cubic metres) Carbonate Fields Gross Rock Volume 35,000 29,428 30,000 25,000 Volume Metres3 20,000 15,758 15,000 11,760 10,000 5,000 2,193 617 0 Elk/Antelope/Mule Antelope Only…
PNG Economic Advantages - LNG PNG Carbonates have demonstrated world-scale deliverability in all the reservoir types providing a competitive cost advantages versus the non- conventional gas supplies. The value of the existing…
Economic Advantages LNG (cont.) Well costs for the onshore carbonate system are proving to be 40% to 60% lower in cost than recent exploration costs in the fold belt areas of PNG, for greater gas deliverability. Long term operating…
InterOil Carbonate Reef Target - Antelope The Antelope-1 reef well has a high probability of success and will significantly impact the ultimate recoverable resource in the Elk and Antelope gas field: Potential for high porosity and…
Elk / Antelope Gas Field - View to West 0.9 2.23 miles 1.75 miles miles 2.9 miles El Elk Block k fa u lt Antelope Block
Antelope 1, Reef Test (Drilling Operations) Currently testing BOPs and getting ready to drill ahead At 3,317 feet (1,011 meters)
In Summary PNG Carbonates have excellent reservoir characteristics in porosity, thickness and deliverability as validated by a number of regional PNG discoveries including the successes achieved at Elk/Antelope. The majority of the…
TENTH PAPUA NEW GUINEA MINING & PETROLEUM INVESTMENT CONFERENCE December 2, 2008 Elk-4 flared 6 May 2008 Presented by Phil Mulacek, Chief Executive Officer Investor Relations enquiries: Anesti Dermedgoglou: anestiinteroil.com
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