Creating an Emerging Oil Basin on the Frontier
Cairn in Senegal
Eric Hathon, Exploration Director – 23rd October, 2017
Cairn in Senegal Creating an Emerging Oil Basin on the Frontier Eric - - PowerPoint PPT Presentation
Cairn in Senegal Creating an Emerging Oil Basin on the Frontier Eric Hathon, Exploration Director 23 rd October, 2017 Disclaimer These materia ials ls contain in forw rward-lo lookin ing statements ts regardin ing Cair irn, our
Eric Hathon, Exploration Director – 23rd October, 2017
These materia ials ls contain in forw rward-lo lookin ing statements ts regardin ing Cair irn, our corporate pla lans, future fin inancia ial conditio ion, futu ture results ts of
s, futu ture busin iness pla lans and and str
ll such forw rward-lo lookin ing statements ts are based on
's assumptio ions and and beliefs in in th the light of
information availa lable to to them at at th this is tim ime. These forw rward-lo lookin ing statements ts are, by by th their ir nature, subject to to signif ific icant ris isks and and uncertainties and and actu tual results ts, performance and and achievements ts may be be materia ially ly different from th those expressed in in such statements ts. Factors th that may cause actu tual results ts, performance or
to differ from expectati tions in inclu lude, but but are not li limited to, regula latory ry changes, s, futu ture levels ls of
industry ry product supply ly, demand and and pric icin ing, weath ther and and weath ther rela lated im impacts ts, wars rs and and acts ts of
ism, develo lopment and and use use of
logy, acts ts of
and and ot
changes to to bus busin iness con
ions. Cair irn undertakes no no oblig igati tion to to revis ise any such forw rward-lo lookin ing statements ts to to reflect any changes in in Cair irn's 's expectations wit ith reg regard thereto or
any chan change in in ci circumstances or
after the dat date here hereof.
Cairn in Senegal, Cape Town, October 2017
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Barents Sea
SEN ENEGAL MOR MOROC OCCO UK UK IRE RELAND ME MEXI XICO NO NORWAY
Cairn in Senegal, Cape Town, October 2017
3 Cairn Energy Focused on key value drivers in the Exploration Arena
Enhancing portfolio mix-critical success factors
ground risk
Growing and diversifying the portfolio
Cairn in Senegal, Cape Town, October 2017
4 Cairn in Senegal
attention of the global industry
resource base of up to one billion barrels recoverable
SENEGAL
Cairn (Operator) 40% Woodside 35% FAR 15% and Petrosen 10% Current Licences Oil Discovery Gas Cap Prospects and Leads
Block Area ~7,100 km2 Water Depth: 100 – 2,000m
30km Area
DAKAR
FAN-1 SNE-2 SNE-3 BEL-1 SNE-4 VR-1 SNE-1 SNE-6 FAN SOUTH-1 SNE NORTH-1 SNE-5
Senegal
Cairn in Senegal, Cape Town, October 2017
5 Cairn in Senegal
people of Senegal
and working with local suppliers
in key parts of operations
entrepreneurship, helping women in rural communities, supporting local business
Cairn in Senegal, Cape Town, October 2017
6 Cairn in Senegal
governance
participating
around Yenne
Timeline Cairn in Senegal
Cairn in Senegal, Cape Town, October 2017
7
2013 Cairn farms in as operator with 65% WI from FAR Limited Cairn farms down 25% to ConocoPhillips 2014 Phase 1 exploration - FAN-1 and SNE-1 discovery wells Cairn opens offices in Dakar 2015 Joint venture submit 3 year evaluation plan to Government of Senegal 2016 Phase 2 E&A 4 well campaign- demonstrates scale of SNE Woodside acquire ConocoPhillips 35% working interest 2017 Phase 3 campaign with a further 5 E&A wells drilled Complete SNE Field appraisal, return to basinal play Extended well testing in S400 reservoir 2018 Submit Evaluation and Exploitation Plans to the Government FEED commencing with FID targeted before the end of 2018 Transfer of Operatorship for development phase to Woodside
Cairn in Senegal
Cairn in Senegal, Cape Town, October 2017
8
FAN-1 SNE-1
turbidite apron and delta-fed ramp
contourites and gravity deposits
turbidite fans shed off the shelf
SNE Wells SNE NORTH-1 BEL-1 VR-1 FAN-1
R R R R R R R R R
Delta-front Delta-slope Prodelta Apron Carbonate Platform FAN SOUTH-1 Base of Slope Turbidite Fans Syn-rift section Contourite Drifts
S S S
FAN SNE- NORTH-1 SNE FAN SOUTH-1
Cairn in Senegal, Cape Town, October 2017
9 Cairn in Senegal
Cairn in Senegal, Cape Town, October 2017
10 Cairn in Senegal
carbonate play
discovery
SNE
basin
Rufisque Offshore Sangomar Deep Offshore Sangomar Offshore
Capitaine Prospect FAN-1 SNE-2 SNE-3 BEL-1 SNE-4 VR-1 SNE-1 SNE-6 FAN SOUTH-1 SNE North Discovery SNE NORTH-1 SNE-5
Senegal DAKAR
Cairn (Operator) 40% Woodside 35% FAR 15% and Petrosen 10% Current Licences Oil Discovery Gas Cap Prospects and Leads 30km Area Block Area ~7,100 km2 Water Depth: 100 – 2,000m
Cairn in Senegal, Cape Town, October 2017
11 Cairn in Senegal Rufisque Offshore Block
Sangomar Offshore Block
Sangomar Deep Offshore Block
Mean Contingent Resource*
Gross Mean Prospective Resource*
Rufisque Offshore Sangomar Deep Offshore Sangomar Offshore
Capitaine Prospect FAN-1 SNE-2 SNE-3 BEL-1 SNE-4 VR-1 SNE-1 SNE-6 FAN SOUTH-1 SNE North Discovery SNE NORTH-1 SNE-5
Senegal DAKAR
Cairn (Operator) 40% Woodside 35% FAR 15% and Petrosen 10% Current Licences Oil Discovery Gas Cap Prospects and Leads 30km Area
* Cairn estimate
SNE Field Characterisation
Development and Production – Senegal
Cairn in Senegal, Cape Town, October 2017
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BEL-1 VR-1 SNE-1 SNE-2 SNE-4 SNE-5 SNE-6 SNE-3
S400 Upper Reservoirs
S500 Lower Reservoirs
4 2 Km BEL-1 SNE-1 SNE-2 VR-1 SNE-3 SNE-4 SNE-6 SNE-5 Scale at 2D
* Including interference test
(SNE-2, SNE-3, SNE-5 and SNE-6)
(associated and non-associated)
SNE Reservoir Schematic
Contingent Oil Resource (mmbbls)
August 2017 1C 346 2C 563 3C 998
Production Gas Lift Gas Injection EHC Umbilical Gas Export Water Injection
SHUTTLE TANKER FPSO
WATER INJECTION MANIFOLD WATER INJECTION MANIFOLD WATER INJECTION MANIFOLD WATER INJECTION MANIFOLD WATER INJECTION MANIFOLD WATER INJECTION MANIFOLD PRODUCTION TREE PRODUCTION MANIFOLD PRODUCTION MANIFOLD PRODUCTION MANIFOLD PRODUCTION MANIFOLD PRODUCTION MANIFOLD PRODUCTION MANIFOLD PRODUCTION MANIFOLD PRODUCTION MANIFOLD TREE (Typical)
NORTHERN BRANCH CENTRAL BRANCH SOUTHERN BRANCH
BEL-1 SNE-2 SNE-1 SNE-3 SNE-6 SNE-5 SNE-4
GAS INJECTION MANIFOLD
Cairn in Senegal
Cairn in Senegal, Cape Town, October 2017
13 Development Phases
1 – 2 mmbbls FPSO oil storage
producers, water and gas injectors)
A Phased Approach SNE Full Field Development Schematic
Oil Resources
First Phase up to 240 mmbbls Subsequent Phases Phase 1 Development S500 Lower Reservoirs + S400 Upper Reservoirs Core area Additional Wells S400 Upper Reservoirs Expansion S400 Additional Areas Further Subsea infrastructure + Wells
Timeline
2018:
submitted and approved by Government of Senegal
Cairn in Senegal
Cairn in Senegal, Cape Town, October 2017
14 First Oil 2021 - 2023 Production
Concept Select FEED
Detailed Design & Fabrication Evaluation Plan Exploitation Plan Submission
Discovery
Appraisal Drilling
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