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EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc.

Orca Exploration Group, Inc. · Oct 29, 2007 · 36 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 1
    East African Operations and Gas Markets Peter Clutterbuck, CEO Orca Exploration African Independents Forum, Cape Town, October 29th 2007
  2. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 2
    Forward looking statements and risks This presentation contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Orcas control, including the impact of…
  3. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 3
    Orca corporate background Orca is TSVX listed in Toronto with market capitalisation of C350 400 million Orca Exploration Group was Operating areas of Current Orca formerly named EastCoast Energy former PanOcean operating Energy…
  4. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 4
    Experience from PanOcean businesses Courtesy of Vaalco
  5. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 5
    East African operations Uganda Exploration Dar es Salaam Area 5 in Downstream Albertine Graben Distribution & Markets Option for 50% interest Own and operate gas with Tower Resources supply for power and industry Songo Songo…
  6. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 6
    Uganda: Albertine Graben Rhino Camp Basin Orca and Tower / Neptune EA5 Block Rhino Camp and Nile Heritage / Tullow discoveries
  7. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 7
    Uganda Exploration Area 5: Rhino Camp Rift basin geology expected to be similar to Gravity interpretation discovery areas further south Tower Resources / Neptune Uganda operates Orca is funding 83% of seismic (2007) Orca has option…
  8. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 8
    Tanzanian operations Operates through wholly owned subsidiary PanAfrican Energy Tanzania Vertically integrated gas company Has rights to Songo Songo reserves Operates upstream and downstream Songo Songo project Gas wells with 160…
  9. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 9
    30 years from discovery to production EXP. APPRAISAL STALLED AWAITING GAS MARKETS PRE-PROJECT PROJECT PRODUCTION 1980 1990 2000 2004: first gas 1974: SS1 discovery 1981/2: SS5-SS9 1997: SS3, 4, 5, 7, 9 Appraisal wells Production…
  10. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 10
    Songo-Songo gas chain Power 60 mmscfd Songo Wells Gas Pipeline from Dar Songo Field processing Songo distribution plant Songo to Dar system…
  11. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 11
    Orca operatorship principles Specialised skills and experience in: Exploration: prospect generation, seismic, drilling Upstream: reservoir management, well operations, processing Downstream: distribution networks, commercial…
  12. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 12
    First Phase of Construction: 2001-2004 Upstream Construction Managed by Orcas Tanzania Country Manager
  13. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 13
    Reserves and resources potential SS North Accumulation: Undeveloped GIP 0.2 tcf Gas presence established by SS1 SS West Exploration Prospect Low risk Prospective resources up to 600bcf Songo Songo Main Field Developed GIP:…
  14. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 14
    Seismic: 2005 (Marine), 2007 (Transition Zone)
  15. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 15
    Seismic programme: 1000 km of new seismic Successfully identified Songo Songo West structure Eliminated smaller prospects
  16. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 16
    Operations at Songo Songo Island (SSI) SS-9 SS-10 SS-4 SS-5 SS-3 SS-7
  17. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 17
    Songo Songo Island: well locations [SS10] SS-10 SS9 SS4 SS5 SS3 SS7 1 km
  18. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 18
    Well interventions to add capacity SS-9 SS-9 SS-9 1997 Well Reconstruction
  19. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 19
    New wells: extra capacity for power markets SS-10 SS-9 Intervention completed to add 25 mmscfd SS-10 New well nearing completion Drilled from onshore with 40 degree deviation offshore Songo Songo West Potential to add 50%…
  20. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 20
    Complex logistics management for SS-10 Nearest oil industry services over 3000 km away Requires extra capability to be generated in country
  21. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 21
    Reserves growth from production data Gross Additional Gas Reserves Growth 450 Probable 400 Proven 350 300 250 BCF 200 150 100 50 0 2004 2005 2006
  22. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 22
    SSI Facilities expansion to 140 mmscfd Maximum Expected Offtakes in 2008 : Protected Gas 40 mmscfd Additional Gas Industrial 8 mmscfd Additional Gas for Power 68 mmscfd Wells SS-10 Legend: 1600 psi -25C Existing Project Heat JT…
  23. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 23
    Downstream gas distribution CNG vehicle in Dar Ringmain Construction PRS Ringmain Two Pressure Reduction Stations (PRS) Supply to 17 industrial customers 5 mmscfd to Wazo Hill cement plant from 2009 CNG Pilot now…
  24. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 24
    Industrial Markets 17 Customers on line: textiles, cement, beverages, glass and others
  25. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 25
    Hydro power characterised by droughts 699 697 Droughts Gas supply Metres above sea level reduced a 695 major crisis 693 691 689 Mtera Reservoir Levels 1990-2007 687 1990 1991 1992 1993 1994 1995 1996 1997 1998…
  26. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 26
    Short term generation plants connected Dowans A: 3 x GE TM 2500 Dowans A: 60 MW, 15 mmscfd GE LM 6000 40 MW, 10 mmscfd Aggreko Plant 48 MW, 12 mmscfd Dowans B: GE TM 2500 20 MW, 5 mmscfd
  27. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 27
    Long term generation plants connected Tanesco Wrtsil 100 MW, 19 mmscfd Tanesco Wrtsil 100 MW UGT-6 GE LM 6000 Songas Ubungo Complex 42 MW 190 MW (PG and AG) 9 mmscfd
  28. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 28
    Next long term generation to be tied in Existing Wrtsil 100 MW, to be converted from Heavy Fuel Oil, 23 mmscfd Adjacent Tanesco Wrtsil 45 MW in progress, 9 mmscfd
  29. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 29
    Longer term expansion options Potential Additional Markets Gas to Tanga and Mombasa 400 kilometre pipeline Market of 50 60 mmscfd Export of Power to Kenya Kenya has in excess of 440 MWs of generation using fuel oil (equivalent…
  30. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 30
    East Africa power pricing: sets low gas price Gas for power currently sells at 2.50 / mcf ( 15 / bbl) Low power tariff by worldwide standards, expected to rise Business General (Low voltage) Average Selling Price 30 April 2006 Source…
  31. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 31
    Standby power costs 4 to 8 times more than grid Comparison of Cost of Power to Tanzanian Consumers Supplied by TANESCO vs. Standby Generations Standby Power - Small User Small portable generator, run on diesel Standby…
  32. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 32
    Gas at 3.50/mcf: lowest cost thermal generation Cost of Electricity Generation Full Life Cycle Economics including T&P Tariff Benefit HCV Basis Assumed 80% LF 18 16 14 Heavy Fuel Oil 12 c/kWh 10 8 Coal 6 Gas 4…
  33. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 33
    Songo Songo: an environment to be preserved
  34. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 34
    Songo Songo: community programmes The Songo Songo Island fishing communities needed to preserve a traditional way of life, whilst benefiting from the project Programmes have included Water Supply Electric Power Schooling…
  35. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 35
    Orca Corporate aspirations Continue to build in Tanzania Satisfy our customers with reliable gas supplies Develop sustainable new markets Grow the reserves base Maintain long term relationships with all stakeholders Progress oil…
  36. EAST AFRICAN OPERATIONS AND GAS MARKETS – Orca Exploration Group, Inc. – slide 36
    Acknowledgements Orca acknowledges the dedication and cooperation of our partners: Tanzania Ministry of Energy and Minerals (MEM) Tanzania Petroleum Development Corporation (TPDC) Tanzania Electricity Supply Company (TANESCO)…

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