2013 PNG Oil and Gas Conference Crowne Plaza Hotel Port Moresby, PNG 3-4 December 2013
Highlights Excellent acreage position - operator of key licences with a high equity position in all. A fully funded PPL 259 exploration well, spudding H1 2014 Eaglewood participation confirmed in the Stanley Development, the…
PPL 259 Overview Almost 2000 line km vintage seismic reprocessed in 2010/11. 300km of new seismic acquired by EWD over last 4 years 5 discoveries in close proximity to the licence PPL 259 awarded September 2011 for a five year term…
PPL 259 farmout completed Eaglewood have executed a farmout agreement with Ketu Petroleum Ltd (a subsidiary of Horizon Oil) for 20% of Eaglewoods 65% of PPL 259. Eaglewood will retain 45% of the licence and operatorship. The farmout…
PPL 259 Exploration Prospectivity of PPL 259 continues to increase: Ketu, Elevala, Tingu & Ubuntu confirm basement drape structural trap style, continuity of a number of reservoir sands and liquids rich gas as common features of the…
PPL 259 12/13 seismic - background & objectives The 2012 Herea and 2013 Drimgas Seismic Surveys acquired in an around PPL 259. Programme designed to: 1. Define the extension of 1 the Stanley Field within PPL259. 3 2. Confirm a…
Programme highlights Cost and time effective seismic programme S HER12-06 N with GAMA Projex. Ekelesia - well defined dip N&S with 1. Encroachment of Stanley into PPL onlapping reservoir reflectors 259 defined 2. Nama confirmed as a…
Nama the next proposed target Basement drape structure analogous to Basement TWT Elevala - four way dip closure constrained by seismic grid Stanley Field considered a representative reservoir analogue Enough structural relief &…
Nama well concept Provisional drilling location, testing spill point and Pt 1 X 541648 Y 9344929 2 542673 9344197 sand thickness variance offcrest with a vertical well. 3 4 5 542525 541912 541379 9343967 9343590…
Stanley Field - First Production from the Forelands Gas condensate development, scheduled to begin production in late 2015 / early 2016. Initial condensate production is forecast at 4,200 bbl/d PRL-4 Participants Horizon Oil…
Stanley Field (PRL 4) PDL 10 pending All PPL 259 Participants have executed a Unitisation Agreement with the PRL-4 (Stanley Field) Joint Venture, whereby Eaglewood will formally become a participant in the Stanley Field Development…
PRL 28 liquids rich discovery Ubuntu-1 gas and condensate discovery drilled in Q1, 2011 and suspended as future producer 4 discoveries and 2 successful appraisal wells in close proximity PRL 28 awarded December 2011 for a five…
Ubuntu Snapshot Ubuntu-1 suspended as a gas condensate discovery in Feb 2011 Good quality Elevala reservoir Liquids rich gas condensate column - GCR of 51-57 bbls/MMScf Wireline log and pressure measurement, sampling data indicate…
PPL 430 new licence with a great address Recently awarded PPL in the condensate rich gas fairway complements pre-exisiting Western Province portfolio. Low dollar licence commitments in the first two years. Early focus on…
PPL 257 Cape Vogel Basin high potential frontier gas exploration Multi-TCF prospect sizes will support a major stand-alone LNG project 2010 Fekete 51-101 report estimates undiscovered resource of Pmean 6.5TCF, P50 6.13TCF 5 year licence…
PPL 257 Cape Vogel Basin Field study planned in Q1 Woruka Unit type locality. Castle Hill Limestone type 2014 to improve locality. Tapio Beds locality, age understanding of the equiv. to Nubiam Shales stratigraphic framework and…
PPL 258 Sepik Basin Reprocessed seismic data defines large mapped structures Source rock data indicated oil prone area, supported by recent geochemical studies. Shallower targets, 1,200m 2010 Fekete Associates report estimates…
Accelerating development a strategic priority..... 2013 2014 2015 2016 PDL Application and Unitisation Stanley Development Field Development to 1st Oil Continue Study to Frame Options Ubuntu Development Field Development alone…
Summary PAPUA NEW GUINEA Underexplored, proven hydrocarbon province Commonwealth country, excellent fiscal regime LNG unlocks PNGs massive gas potential EAGLEWOOD ENERGY IS POISED FOR SIGNIFICANT ACTIVITY IN 2014 Operator of key…
Loading...
