20th Annual Africa Oil Week BG Group: Africa portfolio and development Jonathan Peachey, General Manager Exploration November 2013
About BG Group Market leader: Listed on London Stock Exchange FTSE top 10 company Market capitalisation Circa 70 billion Two highly distinctive capabilities: World class, early stage exploration Unique LNG model Deepsea…
Performance BG Group organic reserve 3 year reserve Value creation*** 2002-11 (bn) and resource adds* replacement** (mmboe) 2500 300% Proven industry leading 1500 200% explorer 500 100% -500 0% 2002 2007 2012 0 10 20 30…
15 giant discoveries in 15 years UK Kazakhstan Buzzard Kashagan Kalamkas Aktote Egypt Scarab & Saffron Indonesia Simian Vorwata Bolivia Margarita Brazil Tanzania Lula Australia Jodari Surat CSG Iracema Sapinho Iara…
Focus on technical excellence Carbonates Proven: Brazil, Kazakhstan, Tunisia, India New: Honduras, Kenya Wide Tertiary deltas geological Proven: Trinidad & Tobago, Egypt, Thailand expertise New: Tanzania HPHT Proven: UK,…
BG Group has distinctive skills for gas & LNG Highly differentiated gas markets Market Linking gas Resource knowledge to markets development Knowledge, skills and capability across whole gas chain Identify best opportunities…
Exploration strategy Existing hubs New basins Leverage our current positions Focus on finding new giant discoveries Maximise use of existing infrastructure Employ Explorations wide technical skillset Build on knowledge of local…
Working sustainably The way we conduct business 9
BG Group in Africa
BG Group: a long history in Africa Currently active in five countries 1988: entered Tunisia and Leading domestic gas market Egypt via Tenneco acquisition supplier Commercialised Pliocene gas fairway 1996: Miskar (Tunisia) first…
Distinctive knowledge LNG opportunity Hub strategy BG Group in Egypt West Delta Deep Marine EEBO Plio-Pleistocene production WDDM Deeper potential East El Burullus Offshore Map or picture NGO EBO Plio-Pleistocene play…
Distinctive knowledge LNG opportunity Hub strategy Egypt WDDM Hub - Opportunities Kala Awarded WDDM license in Pliocene 1995 Oligo-Miocene Drilled 34 E&A wells discovering 16 gas fields WDDM 128 km tie-backs, amongst the…
Distinctive knowledge LNG opportunity Hub strategy Egypt Egypt - Oligocene potential HPHT Notus well in progress Farmed-out 40% in Q4 2012 Early results encouraging Notus Oligocene play; 6 tcf* New hub opportunity BG…
Early entrant Distinctive knowledge LNG opportunity Tanzania - significant progress in three years Exploration analysis and LNG market insights Rufiji Delta drove entry system Ngisi Chewa Major acreage position (20 850 sq km)…
Early entrant Distinctive knowledge LNG opportunity Tanzania Jodari - giant field with world-class reservoir Jodari North-1 Jodari-1 Jodari-2 &ST Jodari North Jodari Gas Gas GWC Aquifer High quality seismic, fully…
Early entrant Distinctive knowledge LNG opportunity Tanzania Mzia - a potential giant Upper Middle LS3 Lower LS2 LS1 Mzia-3 Mzia-1 Mzia-2 Upper sand Middle sand 3 Lower sand US 1 2 GWC Aquifer 4 km 17
Early entrant Distinctive knowledge LNG opportunity Tanzania Applying in-house enhancements to standard AVA techniques to minimise risk Distinctive knowledge Analysis limited Angle stacks became Additional angle stacks I-G volume…
Early entrant Distinctive knowledge Kenya - potentially significant oil opportunity Leveraging carbonate experience Longclaw Approval to country entry Hoopoe / in 6 months Sunbird Turaco Cisticiola Crombec L10a & L10b 10 400…
Early entrant Distinctive knowledge Kenya Inboard area carbonate prospects Tembo Trough W E Sunbird Turaco Babbler Carbonate reefs developed over Underlying Tertiary source extensive platform. rocks 20
Conclusions Proud 25 year history in Africa Current focus on East and North Africa Desire to develop within core areas and establish new ones Logical strategic fit of BG Group and Africa Significant resource potential Repeatable…
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