Leading African Deepwater Portfolio Acreage totalling 100,000 km2 L-15 Kenya Ghana L15 - 90% 1 Accra 20% L9 - 90% L-9 SADR Accra Tanzania 2 AGC Somaliland Block 7 Blocks 1,3&4 - 20% Ghana Block 7 - 80% East Pande - 70%…
Business Model: Adding value through the drill bit Geoscience Expertise Deepwater Exploration-led Diverse and Drilling Prospective Capability Growth Portfolio Effective Capital Management 3
2014 Drilling Programme1 Targeting a number of key new plays across the portfolio Pmean CoS 2014 3 Country Block Name Well Name Ophir (MMBOE) (%) Q1 Q2 Q3 Q4 Gross Net 4 Gabon Ntsina Padouck Deep 40% 990 396 15% Tanzania Block 1…
Blocks 1, 3 & 4: 2013/14 Exploration and Appraisal Firming up existing discoveries, adding resource and derisking commerciality Programme delivered in 2013 15.0 TCF1 mean recoverable resource discovered to date after Block 4 Pweza,…
East African Gas: World Scale Resource East African gas is cost-competitive on a Global scale Kenya LNG Mbawa-1 discovery proof of concept LNG prices (Japan) required to deliver 12% IRR 16.00 12+ Tcf 14.00 Tanzania North play yet…
Tanzania LNG: Positioned for Success World scale resource with partner alignment 15.0 TCF1 2C recoverable resource discovered across Blocks 1, 3 and 4 sufficient to underpin a World Class two-train LNG project Resource Base Significant…
Sale of 20% Blocks 1, 3 and 4 to Pavilion Energy Partial monetisation, strong new partner Announced on 14 November 2013 sale of 20% interest in Blocks 1, 3 and 4 for US1.288bn to Pavilion Energy Deal expected to complete Q1 2014…
East Pande: Potential for liquids & gas Likely Landfall of Blocks 1, 3 and 4 LNG Development Operated: 70% WI East Pande Prospects Series of prospects identified in Tertiary and Cretaceous-aged sediments First drilling target…
Gabon: Offshore Activity West Africa pre-salt focus shifts north from Angola Ophir holds the second largest net acreage position offshore Gabon Following pre-salt success in Angola activity in the pre-salt offshore Gabon is starting…
Gabon: Pre and Post Salt Targets Play Diversity: Multiple Independent Tests Late 90s/ Early 00s pushing the Early 90s Total focus on shelf 1000m 2000m 200m 500m play beyond the shelf, post-salt play with multiple success in…
Gabon: Padouck Deep Pre salt Prospect Testing the mega pre-salt structure Indicative well location Operated: 40% WI2 Series of pre-salt prospects well imaged by 3D seismic Padouck Deep: - Gamba and Coniquet/Dentale sands - Water…
Gabon: Affanga Deep Prospect Potential for hub developments Exploration Prospects 4 possible hubs Operated: 70% WI2 Affanga Deep-1 will test Cretaceous targets not reached by Ntsina Marathon Affanga-1 well Largest structure in the…
Equatorial Guinea: Block R Alba area condensate and Operated: 80% WI associated gas production Seven gas discoveries on-block Zafiro Complex mature oil production with significant Gross mean 2C contingent resource discovered of…
Equatorial Guinea: Remaining Prospectivity Significant undiscovered gas resource remaining in the portfolio with deeper oil potential Probable 2014 drilling candidates Three key biogenic gas play types have been identified: Tonel…
Outlook High impact drilling planned on six new plays over the next 12 months - Gabon, pre-salt and Ogoou Delta play - East Pande, possible Tanzanian liquids play - Blocks 1, 3 and 4, further exploration planned, Outboard/Terrace…
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