Leading Deepwater Portfolio Myanmar AD-03 - 95% Equatorial Guinea Block R - 80% Somaliland SL12/SL9 - 25% Kenya L9 - 90% Seychelles PEC-5B/1,2&3 - 75% Gabon Tanzania Indonesia Mbeli - 40% Blocks 1,3&4 - 20% West Papua…
Key Highlights 2C Contingent Resource of 830mmboe (post Tanzanian farm-down) 17.1 TCF (gross) discovered in Tanzania Blocks 1, 3 and 4 3.4 TCF (gross) discovered in Equatorial Guinea Block R Successful sale of 20% of Tanzania Blocks…
Strategic focus Currently Future E&A will continue to be the companys primary focus Focus on E&A Not averse to holding producing assets to help provide cashflow sustainability Offshore, deepwater basins are expected to be the…
Ophir Business Model Focused on maximising Returns on Investment Exploration and appraisal: High-risk high-reward, rapid value accretion in the exploration and appraisal phase Pre-drill farm-out opportunities to manage risk…
2014 Drilling Programme(1) Pmean CoS 2014 2015 Ophir Country Block Name Well Name (MMBOE) (%) Q1 Q2 Q3 Q4 H1 WI Gross Net Gabon Ntsina Padouck Deep x Tanzania Block 1 Taachui Gabon Gnondo Affanga Deep x Gabon Mbeli Okala x…
Ophir in Equatorial Guinea
Summary Ophir in EG Block R Overview and Resource summary Fortuna FLNG project progress and forward plan Why Floating Development Benchmarking Ophir further ambitions in EG 8
Equatorial Guinea: Ophir Today Ophir Energy holds an 80% interest in Block R. Partner GEPetrol 20% Located in Distal Niger Delta in water depths from 1,300m- 1,950m 8 Technical discoveries, 6 by Ophir 4 Ophir Appraisal wells…
Block R Regional Setting Block R lies at the frontal toe-thrust zone and frontal deformation zone between the main Niger Delta and NW-SW trending Cameroon volcanic line Stratigraphy is dominated by three lithostratigraphic units which…
Block R Schematic Cross Section 11
Block R : Seven Commercial Gas Discoveries Oreja Marina Seven commercial gas discoveries have been made within Block R Tonel 2002 Exxon: Oreja Marina (not Estrella De currently in FLNG project) & Estrella Mar de Mar Silenus…
Fortuna-2 DST 21 October 2014 DST conducted safely: Zero Lost Time Incident Sustained flow rate of 60MMscfd with…
Fortuna FLNG Project
Fortuna Overview Development: 3.0 Mtpa FLNG 440MMscfd FID 2016 First Gas 2019 CAPEX: Upstream: c.US3.0 FLNG Vessel c.US3.25 Initial phase Fortuna (blue) up to 7 production wells Subsequent phases discovered resources Tonel (green),…
Midstream Proposed Layout Length: 357m, breadth: 60m New-build hull Turret moored Vessel classification as Floating Offshore LNG Liquefaction Terminal LNG storage capacity 230,000m3 Side by side off-loading Safety in design…
EG Block R: Timeline & Milestones (5 Yr Plan) 2014 2015 2016 2017-19 PSC Gas Government Agreements Gas Terms Host Government Agreement First terms Gas FDP Development Award FID FEED Contract Midstream Charter Agmt…
Why FLNG for Block R FLNG is gaining momentum Four under construction Prelude, PFLNG1, PFLNG2, Pacific Rubiales Six in FEED, 17 prospects being studied Presence is going global SE Asia, USA, Africa, South America Existing…
Equatorial Guinea - Benchmarking EG FLNG Globally EG FLNG is highly cost competitive and will come on-stream before majority of East Africa/North American volumes LNG Prices (Japan) Required for NPV10 Breakeven (/mcf) Overview 16…
Summary Financially viable FLNG project: Fortuna Project Potential to be first FLNG in West Africa: First Gas 2019 Agreed Fiscal Gas Terms with Equatorial Government Resources of 3.4TCF de-risked through successful DST Metocean…
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