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REPUBLIC OF SOUTH AFRICA 3 RD LICENCE ROUND 2007 Exploration opportunities

REPUBLIC OF SOUTH AFRICA 3 RD LICENCE ROUND 2007 Exploration opportunities. Dave Broad Petroleum Agency SA. Outline of presentation. South Africa’s 2007 Licence Round Why explore in South Africa? Role of Petroleum Agency Basins and data Exploration history Future expectations.

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REPUBLIC OF SOUTH AFRICA 3 RD LICENCE ROUND 2007 Exploration opportunities

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  1. REPUBLIC OF SOUTH AFRICA 3RD LICENCE ROUND 2007 Exploration opportunities Dave Broad Petroleum Agency SA

  2. Outline of presentation South Africa’s 2007 Licence RoundWhy explore in South Africa?Role of Petroleum AgencyBasins and dataExploration historyFuture expectations

  3. South Africa’s 2007 Licence Round

  4. WHY EXPLORE IN SOUTH AFRICA ? • Large prospective basins relatively under-explored • Exploration risk reduced by 40 years of state-sponsored exploration • Sweet spots are known • Petroleum systems identified • National petroleum database is well organised • The Petroleum Agency will assist

  5. Role of Petroleum Agency The Mineral and Petroleum Resources Development Act formalises the role and responsibilities of the Agency • Archiving of data • National archive for upstream petroleum data • 2. Promotion of exploration and development • Appraise potential • Promote exploration and development • Raise awareness of petroleum resources at national level • 3. Regulatory functions • Receive applications for rights and permits • Appraise technical programmes • Approve environmental programmes • Manage contracts - compliance

  6. South African basins prospective for oil and gas Karoo Basin

  7. Exploration wells offshore South Africa

  8. Seismic coverage offshore South Africa

  9. Data Information • Standard data package contains: • seg-y, pdf, ascii format on dvd • representative seismic data • selected well data • selected reports • discounted price $12 500 • All data: additional data may be purchased at standard rates eg.$10/km • Ask to see the Data Catalogues DATA CATALOGUES AVAILABLE: 1. STANDARD DATA PACKAGE 2. ALL DATA

  10. The sweet spots - after 40 years of exploration the petroleum systems are mostly understood

  11. Early exploration 1940s - 1964 onshore work by Geological Survey etc 1965 - SOEKOR formed: starts onshore exploration

  12. 1967 - First Licence Round • 1967 - Entry of majors: BP, Shell, CFP, Mobil, Superior, Tenneco, Cities, Placid, Arco, Chevron, Conoco, Esso • 1969 - First offshore well: Superior discovers gas in the Pletmos Basin • 1974 - Kudu gas discovery offshore Namibia • 1976 - 1997 SOEKOR is sole explorer • 1980 - Discovery of F-A gas field, Bredasdorp Basin • 1986 - Discovery well for Ibhubesi gas field, Orange Basin • 1988 - 1990 Oil discovered in Bredasdorp Basin (Oryx, Sable, Oribi fields) • 1992 - First gas production from F-A gas field - pipeline to GTL plant in Mossel Bay

  13. 1994 - Second Licence Round • 1997 - Phillips with PanCanadian, Sasol, Energy Africa explores East Coast • 1997 - South Africa produces first oil – Oribi • 1999 - Petroleum Agency formed • 2000 - 2003 Ibhubesi gas field: Forest appraisal demonstrates highest commercial flow rates in South Africa • 2001 - PetroSA formed

  14. 2007 - Licences, operators and fields Applications for CBM Forest (with Anschutz, PetroSA) Ibhubesi gas field BHP Billiton (with Occidental & Global) BHP Billiton (with Sasol/PetroSA) F-A/E-M gas fields PetroSA (with Pioneer) Sable oil field Canadian Natural Resources Oribi/Oryx oil fields

  15. 2006 - South Africa’s oil and gas production PetroSA/Pioneer SOUTH AFRICA F-A/E-M gas field 160 MMscf/d 3 900 BCPD Oribi/Oryx oil field 2 260 BOPD PetroSA Sable oil field 9 700 BOPD

  16. Future production - Ibhubesi gas field (Forest) • Field Development Plan • Application for Production Right • Tested at 182 MMCFGD, 1723 BCPD

  17. Future oil production will be from deepwater Deepwater oil X 1000 BOE Ibhubesi gas Sable oil Oribi/Oryx oil South Coast F-A/E-M gas Gas Project 2010 2011 2012

  18. The future … • OIL • Oil price remains above $45 • World favours African oil • Expected future oil discoveries in deepwater • Orange Basin (BHP Billiton) • Southern Outeniqua Basin (CNR) • GAS • New gas fields to extend life of GTL plant (PetroSA) • Future production from Ibhubesi gas field (Forest) • Future production from Kudu gas field (Tullow) • Development of CBM in the onshore Karoo Basin • 2007 LICENCE ROUND WILL UNLOCK SOUTH AFRICA’S TRUE POTENTIAL

  19. “Enabling your involvement”Petroleum Agency SA Thank you www.petroleumagencysa.com

  20. AFRICAN ENERGY GLOBAL IMPACT

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