Independents & Africa Chongololos & Exploration - Unctad XI
Independents & Africa Chongololos & Exploration - Unctad XI
Independents & Africa Chongololos & Exploration - Unctad XI
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<strong>Independents</strong> & <strong>Africa</strong><br />
<strong>Chongololos</strong> & <strong>Exploration</strong><br />
Dr Duncan Clarke<br />
Global Pacific & Partners<br />
London, The Hague, Johannesburg<br />
www.petro21.com
Multiple Minnows In <strong>Africa</strong><br />
• Some With Longevity<br />
• New Entrants<br />
• AIM-Cash Vehicles<br />
• Foreign-<strong>Africa</strong>n Combines
Local <strong>Africa</strong>n <strong>Independents</strong><br />
Investors<br />
Locals<br />
Regional Players
Start-Ups & New Entrants<br />
Proliferating<br />
Spin-Offs<br />
Joining The Herd
<strong>Chongololos</strong> In <strong>Africa</strong>
Taoudeni Basin Players<br />
Ta4<br />
Ta1<br />
Ta2<br />
Belhassa<br />
Ta8<br />
Ta15<br />
Ta7<br />
Total<br />
Ta3<br />
Sphere<br />
Ta9<br />
Ta14<br />
Petronas?<br />
Ta6<br />
Woodside<br />
Ta10<br />
Repsol<br />
Ta13<br />
CNPC<br />
Ta5<br />
Ta11<br />
Ta12<br />
Ta19<br />
El Thani<br />
03<br />
09<br />
08<br />
02<br />
04<br />
06<br />
05 Sinopec<br />
07<br />
01<br />
Ta16<br />
Ta17<br />
Ta18<br />
13 Venco<br />
12
Maghreb Petroleum <strong>Exploration</strong><br />
• Moroccan Independent<br />
• Fields & Blocks Morocco<br />
• Sizeable Onshore & Offshore Acreage<br />
• Single Country Focus
Candax<br />
• Start-Up<br />
• Canadian Investors<br />
• Tunisian Assets<br />
• North <strong>Africa</strong> Targets
Candax: : Focus Areas<br />
North <strong>Africa</strong> & Middle East
PA Resources<br />
• Sweden: Independent<br />
• Tunisian Fields & Production<br />
• Purchased Soco Interests: Tunisia<br />
• Now 6 Blocks Tunisia
PetroCeltic<br />
• AIM Listed<br />
• North <strong>Africa</strong> Player<br />
• Tunisia: Dry Hole Key Prospect<br />
• Libya<br />
• Algeria (Isarene Block: Illizi Basin)<br />
• Mali Interest
Current blocks<br />
Package 1<br />
Package 2<br />
O9<br />
O10<br />
O10<br />
C5<br />
C6<br />
O9<br />
NC-98<br />
C7<br />
C7<br />
G20<br />
S36<br />
S25<br />
NC-115<br />
NC-190<br />
NC-186<br />
M1<br />
NC-187<br />
K1<br />
Libya – Future Projects
Medco Energi<br />
• Indonesian Independent<br />
• Entry Libya Round 2005:<br />
• 50% (Verenex)<br />
• Non-Operator: Block 47<br />
• Focus: Probable North <strong>Africa</strong>
Oil Search Ltd<br />
• Oldest PNG Player<br />
• Quoted: ASX & Port Moresby<br />
• <strong>Africa</strong> Strategy<br />
• Egypt Block<br />
• Libya: Block (With Petrobras) 2005 Bid<br />
• North <strong>Africa</strong>
Oil Search: Egypt Block 43/35: Prospects & Leads<br />
Nabrajah
Grynberg Petroleum<br />
• Private US Independent<br />
• CAR Acreage:<br />
• Large & Much Untested<br />
• CAR: Equity Sale: 25%<br />
• Partner: United Reef (Canada)
Maku-1<br />
TD 2056 m<br />
1100 BOPD<br />
8.3 MMCFGD<br />
Tega-1<br />
TD 3356 m<br />
2196 BOPD<br />
Kibea-1<br />
TD 3112 m<br />
2000+ BOPD<br />
ESSO (1986)<br />
AOUKALE 1<br />
SUDAN OIL FIELDS<br />
1 BBO+<br />
CHAD OIL FIELDS<br />
3 BBO+<br />
EXXON 350 km<br />
PIPELINE EXTENSION<br />
PROPOSED<br />
F<br />
Under construction Chad oil pipeline to Kribi Atlantic<br />
Port in Cameroon. Completion in year 2003.<br />
CENTRAL AFRICAN REPUBLIC<br />
EXPLORATION LICENSE<br />
55,125 Km 2
Mvelaphanda Energy<br />
• Subsidiary: Mvelaphanda Holdings<br />
• SA Interest: 10% Option: Ibhubezi<br />
• Majority Equity: Ophir Energy - For <strong>Africa</strong><br />
• Interest: Somaliland: Berbera M10 & M10a<br />
Former Lundin Assets - With Rova (25%)<br />
• Gabon: 4 Offshore Tracts<br />
• <strong>Africa</strong> Targets: Nigeria, Libya ++
Somalia<br />
Gulf of Aden<br />
Gulf of Aden<br />
Yemen<br />
Eritrea Eritrea<br />
Djibouti<br />
M10A<br />
M10<br />
36<br />
35<br />
Ethiopia<br />
Somaliland<br />
Somaliland Assets
Aminex: Nyuni PSA: Tanzania<br />
Songo Songo Gas<br />
pipeline,<br />
completed July<br />
2004<br />
Tanzania: The Nyuni PSA in relation to other acreage in Tanzania.<br />
M.C.P-R 06/10/04 #1
Vuna Capital-Madagascar Oil<br />
• Oil Sands & H.O<br />
• Madagascar Asset<br />
• Potential Interest: AIM
Circle Oil<br />
• Aim Listed: Irish<br />
• Affiliate: First <strong>Africa</strong>n Oil – Namibia Block<br />
• Namcor 10%<br />
• New Deal: USD 50 Million: China Shine HF<br />
• China Shine @ 72% Interest In Namibia Acreage<br />
• 3-Well Commitment: 2-Year License<br />
• Onshore Etosha & Owambo Basins
26/10/01 2
Naftagas<br />
• Yugoslav-Serbian Player<br />
• Angolan Assets:<br />
Block-1 (Agip 50%):7.5%: Safueiro Field<br />
Block-3 (85-91): 5.33% (Total: 53.34%)<br />
• Algeria:<br />
Contract Services: RDS-NIS Naftagas
<strong>Africa</strong>: Marginal Fields<br />
Tunisia<br />
Cameroon<br />
Gabon<br />
Nigeria<br />
Angola<br />
Elsewhere
First<strong>Africa</strong> Oil Assets - Gabon
Burren Energy<br />
• Congo Position: Prime Focus<br />
• Production 32 MBOPD (2007)<br />
• Year 2004: Egypt: Block 7<br />
Western Desert
Atlas Blocks: Niger & Douala Basins: Equatorial Guinea<br />
J BLOCK<br />
100%<br />
I<br />
BLOCK<br />
54%
Atlas Blocks<br />
Rio Muni Basin<br />
H<br />
BLOCK<br />
28.125% P<br />
BLOCK<br />
7%
DEPARTMENT OF PETROLEUM RESOURCES
Afren<br />
• Nigerian<br />
• Start-Up 2005<br />
• IFC Funds: USD 1.0 Million<br />
• With 50% EER Asset<br />
STP: 9% Block-1
Syntroleum<br />
• Nigeria: OML 113 - Aje Field: Yinka<br />
Folawiyo<br />
• Partners: Lundin, Challenger, Providence,<br />
Howard Energy, Palace <strong>Exploration</strong><br />
• Potential: <strong>Africa</strong>-Wide
BBLS/DAY<br />
2030<br />
2029<br />
90,000<br />
80,000<br />
70,000<br />
60,000<br />
50,000<br />
40,000<br />
30,000<br />
20,000<br />
10,000<br />
-<br />
OML-113 –AFRICA’S FIRST GTL BARGE PROJECT<br />
Liquids Production<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
2009<br />
2010<br />
2011<br />
2012<br />
2013<br />
2014<br />
2015<br />
2016<br />
2017<br />
2018<br />
2019<br />
2020<br />
2021<br />
2022<br />
2023<br />
2024<br />
2025<br />
2026<br />
2027<br />
2028<br />
Year<br />
Crude Oil Condensate NGL GTL Liquids
TG World Energy<br />
• Canadian Independent<br />
• Niger Acreage<br />
• Tenere Block: 8.6 Million Acres<br />
• CNPC-Operator (TG @ 20% Interest)<br />
• Significant Carried Interest In New Deal<br />
• Post-CNPC Block Dispute: Resolved
Kosmos Energy LLC<br />
• Start-Up 2004: Ex-Triton Executives<br />
• West <strong>Africa</strong>: Atlantic Margins Offshore<br />
• Funding Commitment: USD 300 Million<br />
• Warburg Pincus & Blackstone Group<br />
• JV-Pioneer: <strong>Africa</strong> (Morocco-Angola: excl EG)<br />
• License: Cap Three Points: Ghana (ex-Hunt):<br />
With 86.5%: GNPC 10% Carried: EO Group:<br />
3.5% WI (Local): Tano Basin<br />
• Nigeria Deal
ENTENTE<br />
GRD-LAHOU<br />
COUGAR<br />
TIGRE<br />
E-GRD-LAHOU<br />
JAGUAR<br />
X<br />
X X<br />
X<br />
MOVINGUI<br />
BAHIA<br />
TALI<br />
MAKORE<br />
AKO<br />
HIPPO<br />
PETROLEUM CONCESSIONS<br />
PETROCI<br />
CI-301<br />
ABIDJAN<br />
GRAND<br />
CI-302<br />
JACQUEVILLE<br />
CI-300 LAHOU<br />
CI-26 CI-102<br />
FRESCO<br />
CI-02<br />
CI-11<br />
CI-27<br />
BELIER<br />
PANTHERE<br />
LANGOUSTE AVODIRE<br />
CI-104 CI-12<br />
CI-202<br />
5 O N LION<br />
MIKE<br />
ESPOIR ACAJOU<br />
SASSANDRA<br />
FOXTROT<br />
BAOBAB<br />
CI-24<br />
CI-107<br />
CI-400<br />
KOSSIPO<br />
CI-108<br />
SAN-PEDRO<br />
CI-40<br />
CI-110<br />
CI-105<br />
CI-205<br />
CI-103<br />
CI-101<br />
TABOU<br />
CI-206<br />
CI-111<br />
CI-109<br />
4°N<br />
-200m<br />
-2000m<br />
-3000m<br />
CI-112<br />
COTE D’IVOIRE<br />
G U L F O F G U I N E A<br />
0 50 Km.<br />
7 W O W O 8 O W 6 W 5 W 4 W 3<br />
ADIAKE<br />
KUDU<br />
CI-01<br />
CI-100<br />
ABOISSO<br />
ELAND<br />
IBEX<br />
-3000m<br />
-2000m<br />
CI-303<br />
-200m<br />
Ocean CI-01<br />
Energy CI-02<br />
CI-11<br />
CI-26<br />
CNR CI-40<br />
CI-400<br />
Stratic CI-102<br />
Oil CI-103<br />
Foxtrot CI-27<br />
Vanco CI-112<br />
CI-205<br />
Oranto CI-206<br />
CONCESSIONS OFFERED<br />
PROSPECTS<br />
PRODUCING OIL FIELDS PRODUCING GAS FIELDS<br />
OIL FIELDS TO BE PRODUCED<br />
DEPLETED OIL FIELDS<br />
GAS FIELDS TO BE PRODUCED<br />
APRIL 2003<br />
• 28 Blocks :<br />
• 12 Licensed<br />
• 16 Open
Cote d’Ivoire: Deepwater Blocks CI 205 & 206:<br />
Oranto Petroleum 100%<br />
Acquired 2,400 km2 3D<br />
in 2004
Stratic Energy<br />
• Gentry 20% Equity (Canada)<br />
• Petrofac 14.4% Equity<br />
• Cote d’ Ivoire: CI 102 & 103<br />
• Morocco: 2 Onshore Blocks (36%):<br />
With Heyco & Enercorp<br />
• Exit: Gabon<br />
• North <strong>Africa</strong>: Negotiating New Ventures
Sierra Leone: Offshore Licensing 2004
Liberia Offshore: Year 2005 Permits
Al-Thani<br />
• UAE Player: Sheik Al-Thani<br />
• Sudan: Ex-Melut Blocks 3 & 7 @25%<br />
• Sudan: Still @ 5%: Rest Sold - CNPC<br />
• Mauritania: TA-19<br />
• Senegal: Cayar Shallow Block<br />
• Targets: <strong>Africa</strong> (Niger & Mali)
elect Frontiers North West <strong>Africa</strong> Ultra-Deep EEZ<br />
<strong>Africa</strong>n <strong>Exploration</strong> & Petroleum Future: 2005-2025<br />
-------------------------------------------------------------------------------------<br />
Past Focus 2005-2010 2011-25<br />
-------------------------------------------------------------------------------------<br />
aghreb<br />
New Openings Eastern Margins<br />
ulf of Guinea Interior Basins Rift Valley Zone<br />
hadian Interior Deepwaters<br />
Exploitation-EOR<br />
entral Rift (Sudan) Ultra-Deep Stranded Gas<br />
Deepwaters<br />
De-sanctioned New Basins<br />
Offshore Shelf Marginal Fields Transactions
<strong>Chongololos</strong> In <strong>Africa</strong><br />
Multiplying Fast<br />
Almost All Countries<br />
Many In Frontiers<br />
Some Pathbreakers<br />
Wider Spread Than Super-Majors<br />
Challenging <strong>Independents</strong>
Scramble for <strong>Africa</strong><br />
Origins, Insights & Future In <strong>Africa</strong>n Petroleum<br />
Report + Online Research + Executive Briefs<br />
Michaelangelo-<strong>Africa</strong>: Strategy Databank
12 th <strong>Africa</strong> Oil Week<br />
Cape Town, South <strong>Africa</strong><br />
<strong>Africa</strong> Upstream<br />
<strong>Africa</strong>n <strong>Independents</strong> Forum<br />
Scramble for <strong>Africa</strong>: Strategy Briefing<br />
<strong>Africa</strong> Downstream
Global Pacific & Partners<br />
Global Advisors<br />
Strategy, Knowledge & Networks<br />
London, The Hague, Johannesburg<br />
www.petro21.com
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