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Unlocking the Hydrocarbon Potential of Selected Basins in Morocco

NOT AN OFFICIAL UNCTAD RECORD. Unlocking the Hydrocarbon Potential of Selected Basins in Morocco. Current Licence Situation. Loukos offshore. LBS-1. Casablanca I&II. Tendrara Blocks. SBK-1. Safi offshore. Ounara East&West. Ait Riouch. Petroleum Geology Synopsis.

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Unlocking the Hydrocarbon Potential of Selected Basins in Morocco

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  1. NOT AN OFFICIAL UNCTAD RECORD Unlocking the Hydrocarbon Potential of Selected Basins in Morocco

  2. Current Licence Situation Loukos offshore LBS-1 Casablanca I&II Tendrara Blocks SBK-1 Safi offshore Ounara East&West Ait Riouch

  3. Petroleum Geology Synopsis

  4. New Petroleum Agreement (covering 7 Permits) SBK-1 tested Gas in TAGI TE-1,TE-2 & TE-3 evaluated bearing Several other prospects identified Tendrara Licence

  5. Tendrara Depth Map at Top TAGI Sequence Ø ~ 8% 500km2

  6. Seismic Line FMFA-32 with projected wells SW NE 10Km

  7. SW NE 5Km Seismic Line FMFA-32 with projected wells

  8. NW SE 5Km Seismic Line HX-04

  9. Hydrocarbon Generation History

  10. 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) Tendrara Summary & Economics

  11. Petroleum Agreement 2 Permits 3042 km2 Proven hydrocarbon system Pre and post salt prospects Ounara

  12. OUNARA Upper Triassic Map KE IDA

  13. W E 8Km Ounara Composite line BB’

  14. E W 4km

  15. Depth map IDA prospect Intra Triassic ESG-292 Salt

  16. S N Amplitude Anomaly Intra Liassic 15 km ESG-302

  17. NF OUNARA Cross Section

  18. Hydrocarbon Generation History

  19. Summary Ounara • Many small and underfilled gas (10-150bcf) and oil (10-30 mbo) accumulations. • Seismic DHI • HC habitat study in progress

  20. Current Licence Situation 2004 Loukos offshore HC habitat Study Casablanca I&II Tendrara BLOCKS HC habitat Study Safi offshore 3D Survey Ounara East & West HC habitat Study Ait Riouch

  21. Planned Activities 2005-2006 Loukos offshore Casablanca I&II Tendrara Blocks 3D Safi offshore Drilling Ounara East & West 3D/ Drilling Ait Riouch

  22. MPE acreage (On/Offshore) 20,547Km2 with sizeable gas volumes and Upside Exploration Scope, All DHI supported Tendrara and SBK Development NPV10 $ 330 mln Seismic and Drilling Investment needed to realize value Casablanca and Loukos acreage not explored Conclusions

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