great team work. exploration & production history of upstream e&p early 1970s operated as...

Great team work

Exploration & Production

History of Upstream E&P

• Early 1970’s operated as international company of the state own oil and gas company, Rompetrol (Iraq 1974).

• 1980 started operations as ROMPETROL of LIBYA by signing an EPSA with NOC LIBYA for Block NC 115 within the Murzuk Basin.

• 1984 World class achievements: the discovery of giant oilfields in Libya, Murzuk Basin (>100 MM bbl).

• 2001 Rompetrol acquired 100% interest in Block 11, Oriente Basin, Ecuador, through the purchase of Lumbaqui Oil Ltd.

• 2004 Rompetrol started exploration of Zegujani and Satu Mare blocks.

• 2005 Rompetrol acquired the exploration licenses for East Carpathians blocks by transfer from Forest Oil USA.

• 2006 Rompetrol won by Bidding procedure the production license on Gas Field Golesti.

E&P in Romania

Joint Operating Agreement

Joint Operating Agreement

Zegujani Block

Satu Mare Block

Focsani, Gresu Nereju, Blocks

40%

65%

100%

E&P International Experience Russia

Komy: Chedtinskoye

West Siberia: Khanty-Mansisk

Lebyazhye

Gubkinskoye

Saratov Khlebnovskoye, Emelyanovskoye

Astrakhan Astrakhan

Tatarsthan Elgyskoye, Stepnoozerskoye

Kazakhstan

Koza, Karagan, Kemerkol, Liman Block

Karamandybas

East Mortuk

Komsomolskoye

Ravninoye

Tolkin, Tortay, Borankol

Tasbulat, Aktas, Turkmenoi

Sinelnikovskoye

E & P Capabilities: Human Resources

Exploration Risk

Appraisal &Development Plans

History ProductionPerformance Analysis

Decline curve performanceDrive mechanism

2D, 3DSeismic

interpretation

ReservoirModeling

Structural,PetrographyStratigrapy

FaciesPhysical

Reserves Evaluation

Production OptionsEconomic Analysis

E & P

Specialists No of Employees

Senior Exploration Geophysicist

1

Exploration Geologist 1

Geophysicist – log Analyst

1

Senior Geologist– Field Production

1

Senior Reservoir Engineer

1

Production & Workover Engineer

1

Consultant Specialists (expert)

1

Risk/Economic Analyst 2

Support (Data Base, QHSE, administrative)

1

Management Upstream Business Development

2

TOTAL 12

E&P capabilities: Hardware & Software

• Petrel 07 - 2 licenses seismic interpretation, 1 for reservoir modeling.

• OFM 06 @Schlumberger Software -1 license

• PipeSim 06 @Schlumberger Software -1 license the production license on Gas Field Golesti.

LANDMARK – Georgraphix

1 license for seismic interpretation, reservoir

modelling and log interpretation

E&P Data Base

Regions: Russia, Kazakhstan & other C.I.S.

Topics:

• Maps• General Data• Reserves & Production• Balancies• Fields & Wells• Library – Books & Magazines

Legend:

Assets overview: Zegujani Exploration Block

1_Lupsa

Pontian

Meotian

Sarmatian

Badenian

Burdigalian

Intra Burdigalian

Aquitanian

4000 6000 8000 10000 12000 14000 16000 18000

4000 6000 8000 10000 12000 14000 16000 18000

-320

0-2

800

-240

0-2

000

-160

0-1

200

-3200-2800

-2400-2000

-1600-1200

0 1000 2000 3000mms

S N

Aquitanian - Oligocene

0 2000 4000 6000 8000 10000 12000

0 2000 4000 6000 8000 10000 12000

-320

0-2

800

-240

0-2

000

-160

0

-3200-2800

-2400-2000

-1600

0 1000 2000 3000m

Lupsa prospectDeeper Triassic prospect

Assets overview: Satu Mare Exploration Block

80 WELLS poor investigated

• Logs: PS, deep and shallow resistivity (except 4– PGAC)

• Cores• Production test

214 SEISMIC LINES 16 vintages 1974-1994

acquired and processed with different parameters

Seismic lines

Legend

Assets overview: Satu Mare – Top Badenian Structural Map

Assets overview: Gresu, Nereju, Focsani

Assets overview: Gresu & Neregu Blocks Casin Bisoca Fault

Top Dacian Top Pontian

Top Meotian

Top Sarmatian

Top Miocen inferior + mediu

Baza pinzei Subcarpatice

Falii inverse

Falii strike-slip

Falia Casin Bisoca

Foreland

Foreland

Upstream E&P Strategy

• The E&P Department supports The Rompetrol Group (TRG) strategy to become an integrated oil company by identifying exploration assets both in Romania and overseas.

• Evaluate and bid for valuable exploration/production assets in Romania offered by the National Agency of Mineral Resources (NAMR).

• Expand onshore activity in North Africa, Middle East, Black Sea and Caspian regions.