Innovation and Cooperation; gas commercialisation in a complex environment Block R, Equatorial Guinea Ophir Energy plc GoG12, London, November 2009
Diverse African portfolio SADR3 x4 Predominantly deepwater. Operator Somaliland x1 5th largest net deepwater acreage holder. Operator 16 projects j in i 8 jurisdictions. j i di i Experienced management team Strong relationships.…
2008 3 wells, 2 gas discoveries Block R Evidence of oil charge 2,681km2 Ophir 80% 2009 1,000km2 3D seismic GEPetrol 20% Conceptual field design 2010 5 to 6 exploration and appraisal wells, Production testing* *subject to…
QI supported Bythos-1 Submarine fan systems shallow dip closures Fortuna-1 shed from thrust belt (eg. (eg. Lykos) Fortuna) Target Interval Conventional thrust belt plays (eg. Bythos) cks Principall source roc s Block R:…
Fortuna Fan Fortuna Fan Fortuna Gas Discovery
Seismic Attributes Identify Fortuna Gas Reservoirs
Fortuna-1 Limit of Location 3D seismic 5km 5km Fortuna limited by current 3D coverage Significant range in volumetric uncertainty Fortuna Fan Extends Beyond Existing 3D Seismic Data
Well Frake Noir Five wells in 86 days (excluding mobilisation). Spud Date 16.09.2008 Water Depth 633m Two gas discoveries - Fortuna and Lykos. TD 2 302 RT 2,302mRT First use of Surface Blow Out Preventer (SBOP) on drillship. Well…
200 180 Wells drilled in 2008 by other Operators with Deep Venture 160 Ophir wells in 2008 with Deep Venture 90% 140 120 75% Days 100 Total D 80 50% 60 25% 40 10% 20 Technical Limit 0 0 500 1000 1500…
Fortuna discovered hydrocarbons in excellent reservoir: Gas rather than oil Volumes constrained by limited 3D coverage Other conventional target (Bythos) was dry End of the road Where to next
Bright amplitudes over crest Low risk L i k Fully mapped, clear flatspot Gas Water Contact (GWC) g risk Increasing Moderate risk Identified from Lykos is representative of a series of shallow gas accumulations QI,…
3: Run sub-sea shut-off device 500m 1: Drill 12 hole to c 50m above SSA controlled by t targett MUX cable, Acoustic 2: Set 95/8 casing or ROV Intersected 29m Gas Column 4: Drill 8 hole Conventional 18 riserless to…
Seismic Attributes Identify Low Risk Upside
2009 Activity Development Concept Review Commercial C i l & Technical h i l Risks i k Sand/Shale Feasibility of 3 Development Facies Concepts Seismic inversion (DownUnder Geophysics) Installation Issues Static Reservoir…
SILENUS RHODES Option 1 Low cost drilling Floating LNG HELIUS SILENUS WEST US10 to 15 million Fortuna-1 High pressure gas EUTHENIA 3,000 psi FORTUNA COMPLEX Lykos-1 Excellent reservoirs LYKOS c 30% porosity Aggregated…
Commercial and engineering assessment Range of development schemes being assessed Understand sensitivities, particularly volume and price Incremental volume addition and uncertainty reduction Seismic inversion study New 3D data…
Infill 3D covers SE extent of Fortuna prospect and possible look look-a-like a like features 660 sq km 3D RMS Amplitudes Fortuna-1 2 km TopFan Structure and Contours Location Limit of 3D seismic Limit of Fortuna…
Lykos-1 Impact of new 3D seismic 2009 3D seismic Nike Prospect 1 1998 3D seismic Approximately pp y 1,000km , 2 of 3D acquired q by y Western Geophysical during 2009. Data examples show only intermediate…
Impact of new 3D seismic Fortuna Fan gas discovery 2009 3D seismic Limit of old Data New 3D Data 2 Primary Reservoir 1998 3D seismic New data now images the full extent of the Fortuna gas discovery. The fan…
Impact of new 3D seismic 2009 3D seismic 3 1 1998 3D seismic New data shows extensions of Lykos play to the north east with similar styles of Direct Hydrocarbon Indicators (DHIs). Provides potential to prove up…
Impact of new 3D seismic 2009 3D seismic 4 1998 3D seismic New data has identified a Niger Delta play fairway behind imbricate stack/shale diapir. Access to the same source and migration as Usan Ukot fields. Fortuna…
Oreja Marina (Gas Disc.) New prospects Silenus Estrella de Mar-1 (Gas Disc.) Disc ) Silenus West Fortuna Stepout Helius Possible 2010 Block R Drilling
The Block R Joint Venture has demonstrated the presence of two separate p gas g plays p y Fortuna: stratigraphic fan play with probable look-alikes along strike Lykos: thrust related structural closure with repeatability…
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