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APPEA Conference Presentation – Awe Limited

Awe Limited · Jun 6, 2016 · 21 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. APPEA Conference Presentation – Awe Limited – slide 1
    The Waitsia Field Onshore North Perth Basin, Western Australia N. Tupper, E. Matthews, G. Cooper, A. Furniss, T. Hicks and S. Hunt 1 APPEA Conference, Brisbane 6 June 2016 Photograph by Roger Xiang
  2. APPEA Conference Presentation – Awe Limited – slide 2
    Agenda 1. Overview 2. Exploration History & Geological Setting 3. Field Description 4. Development Plan & Reserves 5. Conclusions
  3. APPEA Conference Presentation – Awe Limited – slide 3
    Waitsia Overview Largest conventional onshore discovery in 30 years Licence L1/L2 300 km north of Perth AWE operator (50%) with Origin Energy (50%) Discovered by deepening of Senecio-3 in 2014 Appraised by Waitsia-1 & Waitsia-2 in…
  4. APPEA Conference Presentation – Awe Limited – slide 4
    Agenda 1. Overview 2. Exploration History & Geological Setting 3. Field Description 4. Development Plan & Reserves 5. Conclusions
  5. APPEA Conference Presentation – Awe Limited – slide 5
    Exploration history onshore North Perth Basin PRIOR to WAITSIA 120 exploration wells 13 commercial discoveries Waitsia 2P reserves - 740 BCF & 14 MMBBLS (2C) 95% Permo-Triassic 95% produced Waitsia (2P) Redback Beharra Hovea…
  6. APPEA Conference Presentation – Awe Limited – slide 6
    Permo-Triassic petroleum system & plays Kockatea Shale Senecio-3 Regional Seal Oil and Gas Prone Source Rock Unconventional target Dongara DONGARA/WAGINA PLAY Beharra Springs 12 commercial discoveries Senecio/Irwin Carynginia…
  7. APPEA Conference Presentation – Awe Limited – slide 7
    Agenda 1. Overview 2. Exploration History & Geological Setting 3. Field Description 4. Development Plan & Reserves 5. Conclusions
  8. APPEA Conference Presentation – Awe Limited – slide 8
    Discovery sequence Date Activity Result 2005 Senecio-1/2 Dongara TIGHT GAS discovery 2013 Irwin 3D Improved mapping Senecio 1/2 in local fault zone 2014 Senecio-3 Dongara better quality reservoir (not tested) Well deepened due to very…
  9. APPEA Conference Presentation – Awe Limited – slide 9
    Seismic control 3D seismic coverage of varying vintages: 1994-2013. Moderate quality but sufficient to map Top Kingia horizon. Current re-processing project. Faults initiated in Early Permian with further growth in E-M Jurassic Steep…
  10. APPEA Conference Presentation – Awe Limited – slide 10
    Structure Low-side fault closure of 50 km2 Crest at 3000m with 350m gross gas column Trap defined by Mountain Bridge & Senecio faults Senecio fault seals despite small throw Stress suggests W-E faults prone to re-activation…
  11. APPEA Conference Presentation – Awe Limited – slide 11
    Composition & gas-water contacts Full suite of log, core & test data Waitsia is 93% CH4 with low CO2 GWC defined by pressure & log 30 psi data offset South culmination GWC possibly higher than North GWC W-2 GWC 3325m…
  12. APPEA Conference Presentation – Awe Limited – slide 12
    Kingia & High Cliff correlation Gross thickness 150-200m Beach & shoreface setting Quartz sand composition Intervals of good porosity 11% in Kingia & High Cliff good reservoir net sand marker 13 13
  13. APPEA Conference Presentation – Awe Limited – slide 13
    Kingia & High Cliff reservoir characterisation Field of view 1.75 cm field of view 3.5cm GOOD RESERVOIR TIGHT RESERVOIR Clay rims prevent quartz cement Pervasive quartz cement Abundant preserved porosity (blue) Less remaining…
  14. APPEA Conference Presentation – Awe Limited – slide 14
    Good reservoir is diagenetically controlled TIGHT GOOD Porosity controlled by diagenesis NOT depth Clay rim formation not understood but likely to be influenced by depositional environment Most Kingia wells have some good…
  15. APPEA Conference Presentation – Awe Limited – slide 15
    Charge model Early Permian source rocks are mature down dip from Waitsia onset of gas Expulsion occurred during maximum burial & heat flow in expulsion Ro1.2% Late Jurassic to Mid Cretaceous 16 Burial history & maturity model…
  16. APPEA Conference Presentation – Awe Limited – slide 16
    Agenda 1. Overview 2. Exploration History & Geological Setting 3. Field Description 4. Development Plan & Reserves 5. Conclusions
  17. APPEA Conference Presentation – Awe Limited – slide 17
    Development planning STAGE 1: DEVELOPMENT & APPRAISAL STAGE 2: DEVELOPMENT CONCEPT STAGE 1: DEVELOPMENT & APPRAISAL North Hub Connect existing wells to Xyris Production Facility for early sales & to establish drainage efficiency…
  18. APPEA Conference Presentation – Awe Limited – slide 18
    Reserves & contingent resources August 2015 Reservoir Gross Reserves Gross Contingent Reserves & Contingent Resources Interval (BCF) Resources (BCF) reported following drilling of 1P 2P 3P 1C 2C 3C Waitsia-1 & Waitsia 2 Kingia/High…
  19. APPEA Conference Presentation – Awe Limited – slide 19
    Agenda 1. Overview 2. Exploration History & Geological Setting 3. Field Description 4. Development Plan & Reserves 5. Conclusions
  20. APPEA Conference Presentation – Awe Limited – slide 20
    Conclusions Largest conventional onshore Australian discovery in 30 years Material development with access to existing infrastructure & markets New play has re-invigorated Perth Basin exploration & development Positive for Mid West &…
  21. APPEA Conference Presentation – Awe Limited – slide 21
    Acknowledgements Management of AWE & Origin for permission to publish and supporting the decision to deepen Senecio-3 22 Waitsia Stage-1A Flowline under construction May 2016

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