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CC Energy Development Blocks 3 & 4 Development

CC Energy Development Blocks 3 & 4 Development. Oman Economic Forum April 23 rd 2012. FARHA SOUTH FIELD. Block 3. SAIWAN EAST FIELD. Block 4. Blocks 3 & 4 History. EPSA for Blocks 3 & 4 signed on February 9, 2003 by Encana .

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CC Energy Development Blocks 3 & 4 Development

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  1. CC Energy DevelopmentBlocks 3 & 4 Development Oman Economic Forum April 23rd 2012

  2. FARHA SOUTH FIELD Block 3 SAIWAN EAST FIELD Block 4

  3. Blocks 3 & 4 History • EPSA for Blocks 3 & 4 signed on February 9, 2003 by Encana. • CCED took over 50% of the asset from EnCana in November 2007. • Exploration commenced in 2009.

  4. 1972-1984 BLOCK 51 BLOCK 6 1983-1986 1985-1990 1991 1992-1994 1999 2001 2005-2007 2009-2012 BLOCK 42 BLOCK 3 BLOCK 4 BLOCK 64 0 50 Km

  5. CCED Achievements Built Early Production Facilities to produce oil within 5 months after the green light from MOG. Prepared and submitted the Field Development Plan to MOG. Identified further exploration opportunities and initiated a plan to explore

  6. Early/ Permanent Production Facilities

  7. Drilling Program Note: 24 wells were successful out of 30 drilled Exploration/Appraisal/Development producers wells - 80% success

  8. Production Figures

  9. Crude Oil Trucking Operation • Over 7,000,000 km driven (crude haulage) with only one RTA. • Operation started with four (4) tankers and increased to thirty one (31). • Highest daily volume transported; 14,498 barrels. • Highest daily number of tankers offloaded in Alam is 63. • Highest monthly volume transported; March 2012 mtd 377,947 barrels. • Highest monthly km driven February 2012 mtd 542,174 km. 9 9

  10. Permanent Production Facilities

  11. Permanent Production Facilities

  12. Why CCED is a Success • Team Work • Team Empowerment • Leadership • Skilled People • Planning, Planning, Planning • Communication • Relationship • Simultaneous Appraisal and Development

  13. Headcount 2008-2012

  14. Omanization Plan 2008 - 2015 Percent (%) Year

  15. Employee Totals

  16. Blocks 3 & 4 Investment • Investment 2010 – 2012: • Over $ 300 Million USD • Planned Investment 2013 – 2017: • Over $ 500 Million USD

  17. Enhanced Oil Recovery • Primary • Water Injection as Secondary Recovery – Pilot started. • Chemical, Surfactant or Microbial as Tertiary Recovery

  18. Enhanced Oil Recovery • Vast Extra Heavy Oil Reserves which Requires the Utilization of Thermal Recovery Methods.

  19. TOTAL NEW FIELD EXPLORATION IN THE WORLD $140 70,000 63,935 MAJOR INDEPENDENT NOCs OIL PRICE 61,943 6% 6% $120 60,000 10% 10% 84% 84% $100 50,000 35,954 $80 40,000 36,062 6% 8% $/BARREL IN 2007 USD NUMBER OF NEW FIELD WILDCATS DRILLED IN THE WORLD 7% 17% 87% $60 30,000 24,623 75% 22,299 8% 10% 17% 14% $40 20,000 75% 76% $20 10,000 1992-1996 1987-1991 1977-1981 1982-1986 2002-2006 1997-2001 $0 0 Data Source – IHS

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