Ophir Energy plc An African Odyssey Africa Upstream Cape Town October 2008
Born in 2004 A Fusion of a proven management team with the Mvelaphanda Group. Creation of a new African E&P Company. Very ambitious. Unconventional.
Four years on in 2008 5th largest holder of deepwater acreage in Africa. Deepwater operator. Still ambitious. Definitely unconventional.
Diverse African portfolio SADR3 x4 Predominantly deepwater. Operator Somaliland x1 5th largest net deepwater acreage holder. Operator 16 projects in 8 jurisdictions. Experienced management team Strong relationships. Track record of…
Mvelaphanda Holdings (Proprietary) Limited Mittal Investments S..r.l. ownership c 21%. ownership c 18%. Wholly owned by Mr Lakshmi Mittal. Founded by Mr Tokyo Sexwale in 1998. According to Forbes magazine Mr Mittal is the One of…
Contract Status & Expected Demand 1999-2010: Ultra Deepwater Drilling Units (7500feet) - Worldwide 120 Replacement Rate, Oil Reserves vs Exploration Drilling Ratio vs Oil Price Repl. Rate/Expl. Ratio Oil Price 200 % 200 100 2008…
Lack of deepwater drilling rigs was identified as a significant threat to delivery of Ophir strategy. Ophir has completed rig share agreements with ExxonMobil Corporation Inc. (Exxon) to secure access of up to 515 days of deepwater…
Deep Venture arrived on location in September. Office and yard facilities established in both countries. Four firm well locations approved. 2 wells Contingency planning for additional exploration and/or appraisal wells in…
Drilling Sequence Fortuna Completed Frake Noir CBOPs Tali Sapeli Bythos Drilling Now Ngollon November Fortuna SBOPs Nov/Dec Bythos Aphros CBOPs Pachg Liba Frake Noir Ngollon NB* As at 7 October…
Frake Noir Ntsina Marin PSC Gabon Water Depth 607 m Total Depth 2,289 m Duration 17 Days Deep Venture Gabon - Ntsina Marin - Frake Noir Prospect
Block: Ntsina Marin NW SE Prospect: Frake Noir Area: 16.0km2 (Animba), 8.6km2 (Batanga) NT2 Eocene WD: 670m Play type: 4WDC Strat Age: Eocene + Maastrichtian onlap Seismic Coverage: SE Otiti PosSTM 3D (2002) Nearest Well: Cap…
Proposed Ngollon-1 Block: Manga Marin N S Prospect: Ngollon Area: 55.52km2 WD: 1,226m Play type: Stratigraphic Strat Age: Oligocene Seismic Coverage: Nandou 3D PreSTM Nearest Well: Eland Marin - 9.6km SE Manga Marin W E…
Block: Block R - Equatorial Guinea Prospect: F Area: 20 to 50km2 WD: 1,720m Play type: Stratigraphic/Sub Thrust Strat Age: Mid Miocene Seismic Coverage: Block R 3D Repro (2000) Nearest Well: Hipocampo-1 Potential fluid…
Block: Block R - Equatorial Guinea Prospect: A-B Combined WD: 1,750m DBML: 1,300m Play type: Fault Dependent 4WDC Strat Age: Mid Miocene Seismic Coverage: Block R 3D (2000) Nearest Well: Hipocampo-1 Dip-closed segments…
West Polaris 2009 Drilling Campaign
AGC is the joint authority established by Senegal and Guinea Bissau to manage the AGC Profond Ophir 88% maritime border area. Prolific inboard petroleum system (1 billion AGC Profond barrels of oil-in-place) but as yet un-proven…
A B Trapping geometries established by combination of salt diapirism and compressional tectonics. Extensive canyon fed depositional systems in place prior to structuring. A B A B Farmout deal with Rocksource will result…
Typical AGC dip-closed prospect. Potential stacked reservoir targets. Indications of channel morphology on 3D seismic. Possible amplitude shut-off with depth AGC Profond - Typical Prospect
Songo Songo (1974) Tanzania is a candidate for the 2009 West 569bcf Polaris campaign. Block 4 Deepwater basin un-drilled. Oil and gas potential indicated from Block 3 coastal geology and possible seismic ANTRIM attribute…
TERTIARY DRAPE Diapiric Structures UPPER CRETACEOUS CHANNEL SANDS UPPER CRETACEOUS CHANNEL SANDS LOWER CRETACEOUS Fault SHALLOW WATER SANDS Blocks Tanzania Blocks 1, 3 and 4 Structural Style
Example of possible fluid contact in a Block 1 prospect down dip from the Mnazi Bay Field Potential Fluid Contact Click on image to launch animation Tanzania Block 1 - Seismic Attributes
An ongoing E&P growth story Still ambitious Remain unconventional No geographic restrictions Extensive deepwater portfolio Seeking opportunities for growth Have operating capability and rig time Will be seeking partners to…
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