Genel Energy Plc · LSE:GENL
Genel Energy — Africa Oil Week 2019
17 slides from Genel Energy's conference presentation, 2019
Slide 1: Somaliland Block SL10B/13
Somaliland Block SL10B/13 John Anderson Asset Manager, Africa Exploration
Slide 2: Disclaimer
Disclaimer These materials are being supplied to you by Genel Energy plc (the “Company”) solely for your information and for use at this presentation and does not constitute a prospectus or offering memorandum or an offer in respect of any securities. All numbers and charts included in this presenta
Slide 3: Company Profile – Genel Energy
Company Profile – Genel Energy ◼ Anglo-Turkish E&P company - listed on the London Stock Exchange (LSE) Taq Taq - CPF ◼ Operations ◼ Kurdistan Region of Iraq (largest holder of reserves & resources) ◼ Africa ◼ 3 Producing oil fields ◼ Taq Taq (44%) Tawke (25%) and Peshkabir (25%) ◼ Current net produc
Slide 4: Africa – Organic Value Creation Through Low-cost Exploration
Africa – Organic Value Creation Through Low-cost Exploration Morocco Sidi Moussa 75% Op Multi-azimuth 3D acquisition & Processing Somaliland SL10B/13 75% Op Prospect Inventory Build Odewayne 50% Op Seismic processing/interpretation
Slide 5: Somaliland Licence Position
Somaliland Licence Position Facts and Figures Population – c.3.5 million Geopolitical History ◼ 1888 – British Somaliland (Protectorate) ◼ 1960 – Somali Republic ◼ 1988 – onset of civil war Berbera ◼ May 1991 – Somaliland local government declared ‘independence’. ◼ 2019 – 28 years of democracy and 5
Slide 6: Why Somaliland?
Why Somaliland? ◼ The Geology – the Yemen Analogue ◼ Prior to the opening of the Gulf of Aden c.20my ago the Somaliland rift basins were broadly contiguous with the prolific rift basins of Yemen – home to >7BBOE of 2P reserves. ◼ Specifically Nogal-Daban Late Jurassic rift was contiguous with the Sa
Slide 7: Somaliland – Exploration History
Somaliland – Exploration History 30 “Protectorate” “New Political Regime” “Yemen effect” “Independence” 25 Shabeel Wells Heemal, Nogal Puntland & Kalis Cumulative Wells Drilled 20 Shallow offshore “….no hesitation in advising drilling Gulf of Aden operations…’’ 15 Genel Enter Somaliland 10 Dagah Sha
Slide 8: Somaliland Exploration Well Locations
Somaliland Exploration Well Locations SL10B/13
Slide 9: SL10B/13 Geology
SL10B/13 Geology SW Line 1 NE 2013 - Top Basement from Gravity Inversion ▪ Large gravity low interpreted as 2 0 0 10 2 10 2 0 0 a sedimentary basin. 2 - 1 6 2 0 0 2 Daban Series -4 -4 -2 0 - 2 0 4 - 2 - 2 ▪ NW fault trends similar to -2 - 0 4 2 Auradu & Taleh 6 - 4 0 - 2 4 2 4 2 - 4 4 Yemen structur
Slide 10: The Play Elements
The Play Elements MEGA-SEQUENCES Sab’atayn Gulf of Aden Regional Stratigraphy 0 POST-RIFT III Known Source Rock Cr 1 Hypothetical Source Rock SYN-RIFT III Jr Known Reservoir Bas RIFT II POST- 2 Hypothetical Reservoir SYN-RIFT II 5 km sec 0.5 Pal POST-RIFT I 1 Cr Jr 2 Bas 3 SYN-RIFT I 4 PRE-RIFT 5 km
Slide 11: Play Elements – Primary Source Rock Presence
Play Elements – Primary Source Rock Presence ◼ Primary Source Rock - Kimmeridgian Daghani Shale Daghani Fm Shale - Bihendula The lower part of the Daghani Fm at Den Arte, northern Somaliland (equivalent to prolific Madbi shale in Yemen) outcrops to the North of SL10B/13 at Bihendula. ◼ 350-450 m gro
Slide 12: Play Elements – Daghani Source Rock Maturity
TRAP EVENT 1 TRAP EVENT 2 Play Elements – Daghani Source Rock Maturity TRAP EVENT 1 TRAP EVENT 2 Vitrinite Reflectance Maturity Scale Immature (<0.5%Ro) Early Oil Window (0.5 -0.7%Ro) Main Oil Window (0.7 -1.0%Ro) Basin Ro VR Late Oil /Early Gas Window (1.0 -1.3%Ro) Main Gas Window (1.3 -2.2%Ro) kin
Slide 13: Play Elements – Reservoirs and Seals
Play Elements – Reservoirs and Seals Qishn Clastics and Carbonates outcrop at Bihen Tug Jirba Range outcrop showing juxtaposition of Gahdoleh (secondary source), Jesomma Sst reservoir and Sharwayn Fm Top-seal Sharwayn Limestone RESERVOIR – multiple targets Adigrat outcrop at Bihen Gaha Showing erosi
Slide 14: Traps (Prospects & Leads)
Traps (Prospects & Leads) ◼ Prospects mapped on PSDM seismic data ◼ Inventory of 12 Prospects & Leads defined Northern Xagar Prospect ◼ Traps are predominantly 3-way dip closures against a Area Seeps Qishn: fault (similar to Yemen analogue) Mean 342 MMbo Qudhac Prospect Qishn: Mean 381 MMbo ◼ Stacke
Slide 15: Toosan Prospect
Toosan Prospect S N S N • Greater 4-way closure Top Auradu Top Qishn Reservoir • Separate FW & HW traps • Stacked reservoir potential Top Cretaceous • Qishn 190-220MMbbls mean Deepest Top Qishn mapped spill Deepest mapped spill prospective resources (FW) (HW) ~Top Oil Window Top Jurassic • With stac
Slide 16: Oil Export Feasibility Studies
Oil Export Feasibility Studies Proposed Pipeline Route – FFD Export option Trucking Route by Road – Viable for EPS Natural Deepwater Port Berbera Existing Port Facilities at Berbera Recently Installed ◼ Third Party study investigating feasibility of exporting Loading Platform oil from SL10B/13 devel
Slide 17: Thank you For Listening
Thank you For Listening Further Information regarding the SL10B/13 Farm-out Opportunity: Dave Fassom Tom Perkins Stellar Energy Advisors Group Limited Stellar Energy Advisors Group Limited davefassom@stellarlimited.com tomperkins@stellarlimited.com Phone: +44 (0) 20 7493 1977 Phone: +44 (0) 20 7493