corporate profile steve moore energean_1.pdfcorporate profile september 2017 a leading independent...
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Corporate ProfileSeptember 2017
A leading independent E&P company in the Eastern Mediterranean
Rev. 04/09/2017
Digitization and Automation in the Oil and Gas Industry – Challenges and Opportunities
(Tel Aviv, Israel – June 18th 2018)
Karish and Tanin: Current status of activity(Dr. Steve Moore, Energean Chief Growth Officer (CGO))
A leading E&P company in the Eastern Mediterranean
Agenda
1. Energean Oil and Gas
2. Karish and Tanin – a brief overview
3. Current status of the project
3
Energean at a glance
2.4 Tcf2C gross gas Resources
in Israel
Significant Israeli asset portfolio
US$1.6 billion
development plan
in Israel
17active wells
(13 producing,
4 injectors)
51 mmboe 2P
Reserves
in Greece
55.8mmbbls of
hydrocarbon liquids gross 2C
Resources in Greece and
Israel
US$350mInvestment plan in producing assets
in Greece (2017-2021)
2,4 Tcfgross unrisked
prospective Resources
in Israel
MONTENEGRO
Ioannina
Aitoloakarnania
Katakolo
EGYPT
GREECE
Prinos
Blocks 12, 21, 22, 23 & 31
Karish &Tanin
ISRAEL
Production Development ExplorationBlocks 26 & 30
Leading Oil & Gas Development in the
Eastern Mediterranean
Industry Partners Reserves Growth History
2 5 7 11 17 24 3058
237
300
390
0
50
100
150
200
250
300
350
400
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Post IPO
(mm
bo
e)
Prinos Basin 2P Prinos Basin 2C Katakolo 2P Karish and Tanin 2C
Agenda
1. Energean Oil and Gas
2. Karish and Tanin – a brief overview
3. Current status of the project
5
Aphrodite (2011)4.55 tcf
Leviathan (2010)21.93 tcf
Tanin (2012)0.8 tcf + 4.1 mmbo
Dolphin (2011)0.07 tcf
Tamar (2009)10 tcf
Dalit (2009)0.52 tcf
Karish (2013)1.6 tcf + 28.7 mmbo
Noa (1999)0.2 tcf
Mari-B (2000)0.98 tcf
Offshore Israel Explorations Wells
Notes: All volumes are 2C resource estimates prepared by third party (NSAI)
Main gas discoveries Offshore Israel since 1999: Over 40TcF
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Regional seismic line between Tanin and Karish
Tanin Block 12 Karish
Karish Field: discovered and undiscovered accumulations
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KARISH MAIN: 67.3 BCM
KARISH EAST: 17.1 BCM
KARISH NORTH: 52.1 BCM
Mapped structures in the Karish Lease
Discovered: 67.3 BCM (2.4 Tcf) GIIPYet-to-discover: 87.7 BCM (3.1 Tcf) GIIP
KARISH MAIN: 18.5 BCM
Notes:• NSAI 2017 CPR Mid Case Contingent and Prospective Resources• Volumes exclude deeper upside in lower Miocene/upper Oligocene horizons. These additional Prospective volumes to be included in the 2018 CPR (~26 BCM GIIP)• Volumes exclude additional upside in Karish Main B sands that will be appraised during planned 3-well drilling campaign.
Karish Field cross section: Deeper D sand potential
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D4
D1B
A
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TANIN “A”: 20.9 BCM
TANIN “B”: 3.3 BCM
TANIN “C”: 10.1 BCM
TANIN “D”: 2 BCM
TANIN “E”: 10.9 BCM
TANIN “F”: 6,4 BCM
Discovered: 33.7 BCM (1.0 Tcf) GIIPYet-to-discover: 17.4 BCM (0,5 Tcf) GIIP
Tanin Field: Discovered and undiscovered accumulations
Production system overview by 2021
Karish FPSO – view from North
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Karish FPSO – view from South east
12
Interface with INGL and onshore scope
13
10km15km90km
3rd Party Fields
16” Riser
24” deep waterDry-gas line
24”-30”
KarishFPSO
CVS
DVS
12km 10km
0 -640 mmscf/dayLeviathan Platform
Onshore facilities
32” sales gas line (to DVS)6” stabilized liquids line (to product transport line)
30” shallow water/onshoreDry-gas line
3rd PartyInterface – ILM’s
Interface with future 3rd parties: In Line Manifolds
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High Level Project Timeline: TFMC iEPCIC scope of work
Agenda
1. Energean Oil and Gas
2. Karish and Tanin – a brief overview
3. Current status of the project
3D Seismic reprocessing:
- Seismic re-processed from original tapes,
- Significant improvement in quality,
- Re-interpretation ongoing.
Exploration:
- Two exploration options agreed with Stena at a competitive day rate,
- Possible that one exploration well could be drilled prior to the Karish Main campaign
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Subsurface and Exploration
Growth area:
- Evaluation of Block 12 complete – CPR in preparation (NSAI),
- Work ongoing on Blocks 21,22, 23,31 – CPR by mid year,
- 3D surveys to be acquired over blocks 23 and 31 end 2018,
- Facility development studies commenced:
• Sub sea tie backs to FPSO or mini-floaters?
KarishMain
Karish North
X
Y
KarishMain
Karish North
Karish East
Drilling Rig:
- Stena Forth – 6th gen drill ship,
- Mobilisation March 2019,
- 3 firm wells, 2+5 options
Drilling Services Contract:
- Haliburton – Integrated Services,
- Managed out of Haifa,
- Supported from Halliburton base in Cyprus.
Well Detailed Design:
- Lloyd Register team managed by Energean,
- Tree and wellheads – TechnipFMC,
- OCTG and Conductor – award in progress
- Well clean up – tender in preparation
- Formation evaluation programme,
• B-sand – chase additional 15 Bcm GIIP,
- Explore D1 and D4 plays – deepen 2 wells,
• Target additional 23 Bcm GIIP.
Logistics:
- Tenders planned for Q3 2018,
- Logisitics manager recruited.
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Drilling and Logistics
EPCIC Contract TechnipFMC:
- SPS/SURF, Pipeline and Onshore scope – Aberdeen (UK):
• Wellheads and X-mas Trees: Dunfermline (UK),
• Umbilicals: Newcastle (UK),
• Manifolds and structures: Konsberg (Norway),
• Risers and Pipeline: Houston and Mobile (USA),
• Onshore: Rome (Italy).
- FPSO – Paris (France):
• Process module design: Oslo (Norway),
• Other topsides and integration design: Paris (France),
• Hull and LQ design (SCM): Singapore,
• Hull Fabrication (SCM): Bei-Hai (China),
• Topsides fabrication and Integration (SCM): Singapore.
Operations Readiness and Assurance Wood:
- Managed from Wood office (Aberdeen),
- Joint Energean/Wood integrated team:
• Operations Management System,
• Maintenance Strategy,
• HSE Management System components,
- Staffing contract in preparation.
Operator Dynamic Training Simulator TBC,
- Tender in preparation
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Facilities Project and Operations Readiness
SubseaSystemsOverview
1st Gas target date: 15th February 2021
1st steel cut (FPSO hull): Q4 2018
Pipeline installation: Q3 2019
Risers and structures installation: Q2 2020
FPSO arrives Israel: Q4 2020
Key Facilities Milestones
HSE in design:
- Fire, explosion etc. design studies completed,
- QRA and ALARP completed,
- ROMH to be complete August 2018.
HSE Management:
- HSE-MS submitted to Ministry of Energy,
- Detailed Procedures in preparation – Energean/Wood,
• Oil Spill response, Emergency Response and Evacuation,
• Incident Investigation.
Environment:
- Development option with lowest Environmental footprint selected:
• 5 - 10% greater cost than near-shore solution,
• FPSO located “over horizon”,
• Nearshore facilities on sea-bed,
• Liquids exported,
• No liquids pipeline over Dor beach,
• No liquids connection to Haifa.
- Environmental Design Basis approved,
- Environmental Base Line Survey complete,
- Lease Environmental Document submitted end May,
- ESIA, ESMP and EPAP delivered to lending banks.
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Health, Safety and Environment
Questions?
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www.energean.com
OfficesUnited Kingdom21, Gloucester Place, London W1U 8HRUKTel: +44 2038593540
Cyprus36, Vyronos str.1506 Nicosia,CyprusTel: +35 722447444
Israel9, Metsada str. B.S.R 3 Tower, 21st floor5120109 Bnei Brak,IsraelTel: +972 3 779 1188
Greece- Athens32, Kifissias Ave.Atrina Center, 17th floor 151 25 MaroussiTel: +30 210 81 74 [email protected]
Greece - Kavala64006 Nea KarvaliP.O Box 8, Kavala GreeceTel: + 30 2510 317201
EgyptBuilding 1 Square 1169 MokararSheraton, HeliopolisCairo, EgyptTel.+202 22696484