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Namibia - Current activities. Roger Swart NAMCOR WINDHOEK, NAMIBIA 20 th June 2005. Talk outline. Namibia’s potential Conventional gas resources Kudu 1711 Unconventional gas resources Current activities. Namibia’s potential. Kunene. Kudu. Namibia’s potential. Kudu Gas Field
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Namibia -Current activities Roger Swart NAMCOR WINDHOEK, NAMIBIA 20th June 2005 www.namcor.com.na
Talk outline • Namibia’s potential • Conventional gas resources • Kudu • 1711 • Unconventional gas resources • Current activities www.namcor.com.na
Namibia’s potential Kunene Kudu www.namcor.com.na
Namibia’s potential • Kudu Gas Field • Proven 1.4 tcf; upside 8 tcf • Considerable upside remains • Advanced feasibility stage • 800 MW CCGT in Namibia • Extend to 1600 MW later www.namcor.com.na
Kudu field area • WATER DEPTH : 170m • RESERVOIR DEPTH 4400mbmsl • HIGH PRESSURE – 536 bar • HIGH TEMPERATURE – 158°C • DRY/SWEET GAS – 96% CH4 • 2-3 bbls/MMscf CONDENSATE • DETERMINISTIC GIIP (Tscf) • EA GCA • PROVED 1.38 1.45 • PROBABLE 3.28 2.72 • POSSIBLE 9.92 7.12 www.namcor.com.na
Kudu Project Scheme Gas SalesAgreement Domestic sales in Namibia Power Purchase Agreement Kudu Upstream JV Energy Africa Kudu Limited (90%) Namcor (10%) + Partners Nampower Power Purchase Agreement Kudu Power Station Company Nampower (100%) + Partners (?) Eskom - export sales to RSA www.namcor.com.na
South African Generation Source: SA Department of Minerals and Energy, Integrated Energy Plan, 2003 www.namcor.com.na
Namibia’s potential • Other Orange Basin • Deeper water plays • Inboard plays; cf. South African portion • Source rock widespread www.namcor.com.na
Namibia’s potential Kunene Kudu www.namcor.com.na
Block 1711 • Large (>300 sq km) 4-way closure • High relief • Abundant DHI’s • Potentially large reserves www.namcor.com.na
Regional Seismic Line www.namcor.com.na
Source • Syn-rift source • Red Cuvo Fm/Bucomazi in Kwanaza • Lacustrine, oil prone • Presently mature at predicted depth • Generation in last 20Ma www.namcor.com.na
DHI’s • Abundant: • Gas chimneys • Hydrates • Thermogenic gas shows • Pock marks www.namcor.com.na
Potential reserves www.namcor.com.na
Surface seeps www.namcor.com.na
Unconventional Resources • Hydrates • Abundant in Block 1711 • Excellent BSR’s • Sampled with drop cores • Partly thermogenic source • Also recognised in Lüderitz Basin www.namcor.com.na
Unconventional resources • Hydrates • Business challenges • Lack of supporting infrastructure • Piggy back on conventional development in 1711? • What is total volume of gas in place? • What is total volume of gas recoverable? • What rates can we produce at? • Additional operating/maintenance expense? • Potentially a huge resource for region www.namcor.com.na
Current licensing activity Full exploration licence Licence under negotiation Reconnaissance licence www.namcor.com.na
THANK YOU www.namcor.com.na
THANK YOU Visit Booth #1738 www.namcor.com.na