1 / 19

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 .

ting
Télécharger la présentation

CC Energy Development Blocks 3 & 4 Development

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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

More Related