Serica Energy PLC · LSE:SQZ
Serica Energy — NAPE Expo 2012
15 slides from Serica Energy's conference presentation, Feb 24, 2012
Slide 1: An Emerging Atlantic Margin Play - Foum Draa & Sidi Moussa Licences, Offshore Morocco
An Emerging Atlantic Margin Play - Foum Draa & Sidi Moussa Licences, Offshore Morocco NAPE Expo, Houston 21st – 24th February 2012
Slide 2: Why Morocco?
Why Morocco? • Domestic Market: Highly Competitive Fiscal Regime One of Africa’s largest energy consumers 33 million population • Undersupplied: Africa’s second largest energy importer Morocco imports 99% of oil and 91% of gas • Underexplored: Current well density 4 wells per Rapid Economi
Slide 3: Foum Draa & Sidi Moussa Licences
Foum Draa & Sidi Moussa Licences • Sidi Moussa & Foum Draa licences: Serica 25% (Technical Operator), San Leon (Operator) 42.5%, Longreach 7.5%, ONHYM 25% Area 12,714 sq. kms (4,909 sq. miles) Water depths 80 to 2,000m (260 to 6,560 ft) • A variety of prospect types, including salt-cored diapi
Slide 4: Comparison of GoM vs. Morocco
Comparison of GoM vs. Morocco 200 km 200 km NAPE Expo, Houston, February 2012 4
Slide 5: NW – SE Regional Seismic Section
NW – SE Regional Seismic Section NAPE Expo, Houston, February 2012 5
Slide 6: NW – SE Geoseismic Section
NW – SE Geoseismic Section Cap Juby Analogue 2377 bopd Late Jurassic Source Rocks NAPE Expo, Houston, February 2012 6
Slide 7: Tarfaya-Ifni Basin vs. Nova Scotia
Tarfaya-Ifni Basin vs. Nova Scotia • Tarfaya-Ifni Basin was in direct juxtaposition with Nova Scotia shelf prior to Atlantic separation • Reservoir, source & seal analogues Source Rocks Nova Scotia Shelf Tarfaya- Ifni Basin • Nova Scotian Shelf contains: proven resources of 6 Tcf gas & 200 million
Slide 8: Lower Cretaceous Reservoir Distribution
Lower Cretaceous Reservoir Distribution • Tan-Tan Delta: fluvio-deltaic sediment source • Sediment transported across shelf- slope via canyon feeder systems • Ponding of sediment against active salt diapirs within basin • Good evidence from seismic for an active early Cretaceous depositional system
Slide 9: Evidence of an active Hydrocarbon System
Evidence of an active Hydrocarbon System Oil Seeps and Shows Distribution Apricot Shallow & Deep Prospect Clementine Prospect Modelled Vitrinite Reflectance at Top Oxfordian NAPE Expo, Houston, February 2012 9
Slide 10: Clementine Prospect
Clementine Prospect 3D Seismic Inline 6130 (depth converted PSDM) Clementine potential well location NAPE Expo, Houston, February 2012 10
Slide 11: Clementine Prospect
Clementine Prospect Depth Map on Top Berriasian Clementine Prospect Spill point 4,500m / 14,765 ft 4,000m / 13,125 ft NAPE Expo, Houston, February 2012 11
Slide 12: Apricot Prospect
Apricot Prospect: 3D Visualization with RMS Amplitude Overlay Apricot Deep Prospect Fig Prospect NAPE Expo, Houston, February 2012 12
Slide 13: Apricot Prospect
Apricot Prospect: 3D Seismic Cross-Line 5800 Apricot Shallow Prospect Apricot Deep Prospect NAPE Expo, Houston, February 2012 13
Slide 14: Clementine & Apricot Prospects
Clementine & Apricot Prospects Potential Unrisked Resource Summary Apricot Shallow Clementine Prospect Volumetrics P90 P50 Mean P10 Volumetrics P90 P50 Mean P10 STOIIP 461 1,016 1,102 1,850 STOIIP 383 852 918 1,532 (mmbbls) (mmbbls) Potential 130 338 388 712 Potential 130 295 322 545 Reserves Reserv
Slide 15: Acknowledgements
Acknowledgements Serica Energy plc San Leon Energy plc Longreach Oil & Gas Ltd Office National Des Hydrocarbures et des Mines NAPE Expo, Houston, February 2012 15