Genel Energy Plc · LSE:GENL
Genel Energy — Technical Presentation (February 2016)
12 slides from Genel Energy's technical presentation, Feb 29, 2016
Slide 1: Taq Taq Reserves Update
Taq Taq Reserves Update 29 February 2016
Slide 2: Disclaimer
These materials are being supplied to you by Genel Energy plc (the “Company”) solely for your information and for use at this presentation (the “Presentation”). For purposes of this notice, “Presentation” shall mean and include the document that follows, the oral briefing by the Company that accompa
Slide 3: Reserves revision, what has changed, future focus, production profile
Reserves revision What has changed Future focus and upside potential Production profile
Slide 4: McDaniel reserves comparison 2011 vs 2015
McDaniel, 30 June 2011 McDaniel, 31 December 2015 Original Recoverable Reserves 1P 2P 3P Original Recoverable Reserves 1P 2P 3P Pilaspi 11 17 22 Pilaspi 4 7 11 Shiranish 220 460 792 Shiranish 128 237 470 Kometan 50 93 124 Kometan 66 66 67 Qamchuqa 75 113 139 Qamchuqa 46 46 52 Total Original Recovera
Slide 5: Principal change is revised estimate of fracture porosity
Principal change from McDaniel 2011 CPR is a revised estimate of fracture porosity in Cretaceous Shiranish reservoir Original Recoverable 2P Reserves McDaniels McDaniels Reservoir 2011 2016 Change Comment Pilaspi 17 7 (10) • More conservative recovery factor • Reduced fracture porosity results in
Slide 6: Shiranish fractures, free water level and bypassed oil
Shiranish fractures – fracture porosity and unswept micro fractures Free Water Level – absolute distribution across the field and management of rise rate Bypassed oil in Qamchuqa
Slide 7: Well density and water level rise across the structure
Lower well density on flanks of the structure Crest Flanks Production concentrated on crest Water level rising faster at the crest compared to the flanks
Slide 8: Side-track campaign on flanks of structure
Shiranish Fracture Map Side-track campaign on flanks N of structure Side-track wells to target zones of high fracture porosity and potential unswept micro fractures in the Shiranish 2,500m 2,500m 1:32165
Slide 9: Manage offtake – less on crest more on flanks
Irregular free water level rise Actions: Potential for unswept zones 1. Reduce rate of field offtake 2. Manage offtake – less on crest more on flanks 3. Drill horizontal wells on flanks Shiranish Qamchuqa Kometan FWL Unswept oil in Qamchuqa Matrix AQUIFER
Slide 10: Reservoir Saturation Tool results
Reservoir Saturation Tool Results Reservoir Saturation Tool Remaining Oil Saturation results confirm unswept oil in the Qamchuqa matrix Currently assessed as prospective resources of 20-40 mmbbls Depleted Plan being developed to Zone recover unswept oil
Slide 11: Taq Taq production profile
Taq Taq production profile c.80,000 New horizontal wells on flanks 65-75,000 50-70,000 of structure Side-tracks Coiled tubing Workovers 2016 2017 2018 2016 Company production guidance remains unchanged at 60,000 bopd to 70,000 bopd
Slide 12: Genel Energy
Genel Ener Ic 44 20 en oo ( 4) G enel Energy
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