Transcript ditc_commb_energy_0.180

NOT AN OFFICIAL UNCTAD RECORD
Unlocking the Hydrocarbon Potential of Selected
Basins in Morocco
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Current Licence Situation
Loukos offshore
LBS-1
Casablanca I&II
Tendrara
Blocks
Safi offshore
SBK-1
Ounara
East&West
Ait
Riouch
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Petroleum Geology
Synopsis
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Tendrara Licence
• New Petroleum Agreement (covering 7
Permits)
• SBK-1
tested Gas in TAGI
• TE-1,TE-2 & TE-3 evaluated
bearing
• Several other prospects identified
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Tendrara Depth Map at Top TAGI Sequence
Ø ~ 8%
500km2
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Seismic Line FMFA-32 with projected wells
SW
NE
10Km
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Seismic Line FMFA-32 with projected wells
SW
NE
5Km
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Seismic Line HX-04
NW
SE
5Km
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Hydrocarbon
Generation History
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Tendrara Summary & Economics
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3D being Acquired
Closure 300km2 , Reserves(P50) 2TCF
Production 133mm scf/d (15 year plateau)
200km spur into the Algeria –Spain gas line
Assumed landed price $3.5/mcf
IRR 28%, NPV10 $ 256 mln ( $330 mln with
SBK)
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Ounara
• Petroleum Agreement 2 Permits
• 3042 km2
• Proven hydrocarbon system
• Pre and post salt prospects
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
OUNARA Upper Triassic Map
KE
IDA
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Ounara Composite line BB’
W
E
8Km
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
E
W
4km
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Depth map IDA prospect Intra Triassic
ESG-292
Salt
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
ESG-302
S
N
Amplitude Anomaly
15 km
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
OUNARA Cross Section
NF
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Hydrocarbon
Generation History
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Summary Ounara
• Many small and underfilled gas (10-150bcf)
and oil (10-30 mbo) accumulations.
• Seismic DHI
•HC habitat study in progress
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Current Licence Situation 2004
Loukos offshore
HC habitat
Study
Casablanca I&II
Tendrara
BLOCKS
Safi
offshore
HC habitat
Study
3D
Survey
Ounara
East & West
Ait Riouch
HC habitat
Study
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Planned Activities 2005-2006
Loukos
offshore
Casablanca I&II
Tendrara
Blocks
3D
Safi
offshore
Drilling
Ounara
East & West
3D/ Drilling
Ait Riouch
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004
Conclusions
• MPE acreage (On/Offshore) 20,547Km2 with sizeable gas
volumes and Upside Exploration Scope, All DHI supported
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• Tendrara and SBK Development NPV10 $ 330 mln
• Seismic and Drilling Investment needed to realize value
• Casablanca and Loukos acreage not explored
MAGHREB PETROLEUM
EXPLORATION S.A.
Marrakech Conference
April 26-30th, 2004