Presentation on theme: "Great team work. Exploration & Production History of Upstream E&P Early 1970s operated as international company of the state own oil and gas company,"— Presentation transcript:
Great team work
Exploration & Production History of Upstream E&P Early 1970s operated as international company of the state own oil and gas company, Rompetrol (Iraq 1974) started operations as ROMPETROL of LIBYA by signing an EPSA with NOC LIBYA for Block NC 115 within the Murzuk Basin World class achievements: the discovery of giant oilfields in Libya, Murzuk Basin (>100 MM bbl) Rompetrol acquired 100% interest in Block 11, Oriente Basin, Ecuador, through the purchase of Lumbaqui Oil Ltd Rompetrol started exploration of Zegujani and Satu Mare blocks Rompetrol acquired the exploration licenses for East Carpathians blocks by transfer from Forest Oil USA Rompetrol won by Bidding procedure the production license on Gas Field Golesti.
E&P in Romania 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 SaratovKhlebnovskoye, EmelyanovskoyeAstrakhan TatarsthanElgyskoye, 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 Production Performance Analysis Decline curve performance Drive mechanism 2D, 3D Seismic interpretation Reservoir Modeling Structural, Petrography Stratigrapy Facies Physical Reserves Evaluation Production Options Economic Analysis E & P SpecialistsNo of Employe es 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 licenses seismic interpretation, 1 for reservoir modeling. OFM Software -1 license PipeSim 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 ms S N Aquitanian - Oligocene Lupsa prospect Deeper 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 acquired and processed with different parameters Seismic lines Legend
Assets overview: Satu Mare – Top Badenian Structural Map
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.