Summary: Year to date highlights Adding recoverable resource in core assets, derisking forward prospect inventory Further drilling success in core portfolio, Blocks 1, 3 & 4 Tanzania 4 wells completed, 2 DSTs performed, 3TCF gross…
Business Model: Adding value through the drill bit Geoscience Expertise Deepwater Explorationled Diverse and Drilling Prospective Capability Growth Portfolio Effective Capital Management 3
Discovered resource base and near-term upside Over 200 MMBOE added to net 2C resource base in H1 Net Unrisked Prospective Resource3 Targeted Contingent resource base grows Net Contingent Resource H2 2013 2014 Net contingent resources…
2013-2014 Drilling Programme1* 10+ wells proposed targeting 920 MMBOE of net risked resource (4.7 BBOE net unrisked)2,4 Pmean CoS 2013 2014 Multiple Campaigns Country Block Name Well Name Ophir (MMBOE)4 (%) Q3 Q4 Q1 Q2 Q3 Q4 Gross…
Blocks 1, 3 & 4: 2013 Exploration and Appraisal Programme Firming up existing discoveries, adding resource and derisking commerciality Programme delivered in H1 15.0 TCF1 mean recoverable resource discovered to date after successful…
Block 1 Outboard/Terrace Exploration Targets under review Nonoperated: 40% WI Map of Terrace and Outboard Prospects Ophir and BG continue to review the potential of the Outboard/Terrace prospects in Miocene Block 1, potential for a…
East African Gas: World Scale Resource East African gas is costcompetitive on a Global scale Kenya LNG Mbawa1 discovery proof of concept LNG prices (Japan) required to deliver 12% IRR 16.00 12+ Tcf 14.00 Tanzania North potential…
Tanzania LNG Positioned for Success World scale resource with partner alignment 15.0 TCF 2C recoverable resource discovered across Blocks 1, 3 and 4 sufficient to underpin a two World Class train LNG project Resource Base Further 70…
East Pande: Potential for liquids & gas Likely Landfall of Blocks 1, 3 & 4 LNG Development East Pande Prospects Operated: 70% WI Series of prospects identified in Tertiary and Cretaceousaged sediments First drilling target…
Block 7: Mlinzi and Ngao prospects Block potential 25TCF Multi-train LNG potential Block 7 location Operated: 80% WI Mlinzi prospect, extensive Cretaceousaged channel encased in shale Gross mean resource estimate of c.21 TCF at…
West Africa Exploration Focus 2010-Present Day 7 Key Focus areas Central Atlantic Margin Equatorial Margins and Transform Margin Niger Delta Nigeria Ghana Cameroon Building on the success of Jubilee, Anadarko pushes the…
Gabon: Offshore Activity LEGEND Pre salt activity Post salt activity West Africa pre salt focus shifts north in 2013 1) Anadarko: Agali 1 exploration well pending Ophir holds the third largest net acreage position offshore…
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…
Gabon: North Gabon Basin Regional Extent of Pre-Salt Prospectivity Presalt oil discovery trends are likely to extend into Ntsina/Mbeli. Magnetic and seismic data supports NWSE trending basement high through Ntsina/Mbeli…
Gabon: Padouck Deep Pre salt Prospect Testing the mega pre salt structure Indicative well location Operated: 50% WI Series of pre salt prospects well imaged by 3D seismic Padouck Deep: Gamba and Coniquet/Dentale sands Water Depth:…
Gabon: Affanga Deep Prospect Potential for hub developments Exploration Prospects 4 possible hubs Operated: 100% WI Affanga Deep1 will test Cretaceous targets not reached by Ntsina Marathon Affanga1 well Largest structure in the…
Equatorial Guinea Block R Alba area condensate Operated: 80% WI and associated gas production Seven gas discoveries onblock Zafiro Complex mature oil production with significant gas flaring Punta Europa 3.7 Mtpa Gross mean 2C…
EG: Remaining Prospectivity Over 7Tcf of potential resources remaining in the portfolio with deeper oil potential Possible 2014 drilling candidates Three key biogenic gas play types have been identified: Fore-thrust 1. The Thrust…
EGLNG-R: A clearer path to high value markets Post 2012 drilling programme: Dedicated LNG project from Block R now viable Accelerated onshore development Fewer stakeholders = more control of pace by Ophir Option 1: EG LNGR…
Outlook High impact drilling planned over the next 12 months Block 7 (Mlinzi), enough potential for a 2nd LNG hub in Tanzania Gabon, pre salt and Ogoou Delta play East Pande, possible Tanzanian oil play Blocks 1, 3 & 4, further…
Leading African Deepwater Portfolio Acreage totalling 100,000 km2 L15 Kenya Ghana L15 90% 1 Accra 20% L9 90% L9 SADR Accra AGC Somaliland Ghana Block 7 Tanzania EG Blocks 1,3&4 40% Gabon Congo Kenya Block 7 80%…
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