for Hydrocarbon Exploration New Opportunities for Hydrocarbon Exploration in Offshore Atlantic Morocco Ladies and Gentlemen, Good morning! I am very pleased to make this presentation in this important event of the petroleum industry about the New opportunities for Hydrocarbon Exploration in offshore Atlantic Morocco. Mohamed EL ALJI ONHYM March 3, 2010

Outline Introduction Exploration Status Petroleum System Open Acreage Play Concepts & Prospects The outline of the presentation includes a brief introduction of Morocco, then …………….. Summary of Atlantic Prospetivity March 3, 2010

Morocco Profile of an Attractive Destination Open & Growing Economy Challenging and Promising HC Potential Attractive fiscal terms There are many reasons that make Morocco an attractive country for exploration. Its geographic location in the crossroads between Europe, the Middle East, the sub-Saharan Africa and the Americas; Open & Growing Economy with growth rate of about 5% over the last 5 years. Morocco has a stable socio political environment. Challenging and Promising HC Potential Attractive fiscal terms and Finally; It has also world class basic infrastructures. Robust infrastructure March 3, 2010

Morocco Exploration Status Variety of thick Sedimentary Basins (S.B) Under- explored S.B onshore & offshore 3 500 Km of Coast line Where adequately explored, these S.B have produced HC Let’s go to the EXPLORATION STATUS Morocco, as shown this geologic map offer a variety of sedimentary basins onshore and offshore ranging from Precambrian and Paleozoic in Zag and Anti Atlas, Mesozoic in the Atlas Domain, Tafaya lagwira, the Rif and the offshore atlantic and Cenozoic basins in the Garb, Guercif and Mediterranean sea. Most of these S.B are Under- explored. For example with 3 500 Km of Coast line we have only 33 exploratory wells. Where adequately explored, these S.B have produced HC. In the last decade; Adequate data base has been acquired in some S.B These data base leads to the definition of Myriade of Play concepts. Adequate data base acquired in some S.B. Myriade of Play concepts defined March 3, 2010

Petroleum Exploration Activities in Morocco Achieved objectives: 2010 Partnership Portfolio: 133 Exploration Permits 4 Reconnaissance Licenses 10 Concessions The promotional effort done by ONHYM during the last decade allows the increasing of Partnership Portfolio, as you can notice in these two maps: The first one in 1997 with few partners located mainly in the offshore and Gharb basin, and the second one in 2008 with 29 partners active in 110 Exploration Permits, 7 Reconnaissance licenses (onshore) and 10 Concessions for production You can notice that only a few onshore areas still open. March 3, 2010

Morocco 18 Blocks offshore 12 blocks onshore Open Acreage status The actual open acreage situation is shown in this map with - 21 Blocks offshore - 05 blocks onshore - 5 of these blocks are under négociations March 3, 2010

Open Acreage Petroleum Systems March 3, 2010 Now we will have a look to the petroleum system of the offshore open acreage. I will start first by presenting the chronostratigraphic chart of the Moroccan sedimentary basin then I will develop the elements of the Atlantic offshore petroleum systems. March 3, 2010

SOURCE ROCKS Petroleum Systems March 3, 2010 For the source rock they are aged within the Jurassic-Upper Cretaceous interval. March 3, 2010

Source Rocks Distribution Petroleum Systems Source Rocks Distribution BTS-1 Marcan-1 AGM-1 AGM-2 TanTan-1 DSDP 545 DSDP 547 Miocene Oligocene Eocene TOC 4-7% Paleocene Maas Camp Sant Con Tur TOC 2% Cen TOC 1-2% Alb TOC 1% Apt Bar Haut Val Ber U Jur M Jur L Jur Triassic Maastrichtian - Santonian Coniacian - Turonian Cenomanian - Albian Aptian - Neocomian Jurassic Rich source rock TOC 1-3% TOC 3-4% TOC 1-5% TOC 2-4% TOC 1-7% Tertiary DSDP369 Alisio 15 Spansah 51 TOC 2-3% Log Response TOC 3.8% TOC 19% AMB-1 RAK-1 TOC 6-15% TOC 2-6% TOC 2.5 TOC 1-3% MO-6 Highest TOC values March 3, 2010

RESERVOIR ROCKS Let us move to the resrvoirs March 3, 2010

Reservoir Rocks: Lower and Middle Jurassic Lower Cretaceous Petroleum Systems Reservoir Rocks: Lower and Middle Jurassic Lower Cretaceous Upper Cretaceous Tertiary Concerning the U C reservoirs, it’s well documented so far just in outcrops along the Atlantic cost and need more investigations in deep offsore. March 3, 2010

Reservoir Rocks (Data Evidence from wells) Jurassic Carbonate Tarfaya - 1 - 100 m net reservoir with an average porosity of 13.7%. MO - 5 - 330 m net reservoir with an average porosity of 15%. Lower Cretaceous 15A – 1 - 88 m net sandstone with an average porosity of 20%. 51a - 1 - 287 m with an average porosity of 15%. Upper Cretaceous 47a - 1 - 30 to 75 m of sandstone with an average porosity of 15-25%. 51a - 1 - 200 m of limestone with an average porosity of 25%. Tertiary 51a - 1 - 80 m of silty limestone with an average porosity of 30%. 15a - 1 - 24 m of limestone with an average porosity of 20%. DSDP 369 & 379 - Turbidite with porosity up to 25%. We have also data evidence of the reservoirs from wells. Here, I will show hou some examples of them from different ages: March 3, 2010

Example of Prospects and Leads The recent 2D and 3D seismic interpretation allows the identification of myriad of prospects and leads. I will present you some examples from different areas of the open acreage. March 3, 2010

Dakhla –Lagwira Offshore Area : 118.000 Km² Seismic 2D : 14.000 km Well : 1 DSDP Prospects & Leads : 15 I will start by the Dakhla basin. This basin offers 3 blocks X, T and U March 3, 2010

Dakhla –Lagwira Offshore Seismic and wells data - Seismic 2D : 14.000 km - 1 DSDP March 3, 2010

Dakhla - Lagwira Offshore Basin Type of play concepts Tilted Faulted Trap Play Rollover Anticline Play Carbonate Platform Play Turbidite Play The play concept developed in this basin are of different types: - March 3, 2010

Dakhla –Lagwira Offshore Prospects and leads: 15 Lead B March 3, 2010

Dakhla Lagwira Offshore Basin: Albian Turbidite - Lead B 25 km N 1 km Mid Maxi 15 km Lead B Base Oligocene Top Jurassic 10 km Base Coniacian Mid Albian Upper Aptian L. Albian Base Tertiairy Top Santonian 2000m 4000m 6000m ESE I will show you an example represented by the lead B This lead has a combined structural and stratigraphic trap. The two sections dip and strike show a pakcage of high reflexion with channel systems. March 3, 2010

Agadir Offshore Area : 15 000 Km² Seismic 2D : 13 800 km Well : 1 Prospect & Leads : 120 March 3, 2010

Agadir Offshore Seismic and wells data Seismic 2D : 13 800 km March 3, 2010

Agadir Offshore Blocks TYPE OF PLAY CONCEPTS 4-way closures highly faulted (Salt diapirs and pillows); Diapir-flank, ponded sand; Salt related fault tilted blocks; Combined structural and stratigraphic (pinch outs and reef build ups); The plays developed are mainly related to salt tectonic they are characterized by: - According to the most recent evaluation a total of 70 Prospects & leads were identified using 3D interpretation and 102 using 2D interprétation. March 3, 2010

Agadir Offshore Prospects and leads: 120 March 3, 2010

Base Tertiary Unconformity Agadir Offshore: Tertiary plays NW SE upper objective middle objective lower objective Onlap 500m Truncation Base Tertiary Unconformity Channel Scour A1 Canyon Prospect (Agadir Offshore Blocks ) A1 L. Tertiary Upper Sand Objective LTS1 Objective Max. area closure : 32 km2 Spill point : 2110m 2 Km Salt A A’ B B’ W E Shallow “flag” Upper objective Base Tertiary A1 Canyon DHI An example of the Tertiary plays is the A1 Canyon Prospect. It’s illustrated by two seismic lines showing channels systems and shallow DHI evidence sourced from this prospect by faults. Base Tertiary Depth Map March 3, 2010

Essaouira Offshore Area : 17 600 Km² Seismic 2D : 5 000 km Seismic 3D : 3 659 Km²  Wells : 2 Prospects & Leads : 50 March 3, 2010

Essaouira Offshore Seismic and wells data Seismic 2D : 5 000 km Seismic 3D : 3 659 Km²  Wells : 2 March 3, 2010

Essaouira offshore Prospects and Leads TYPE OF PLAY CONCEPTS Toe thrust play (3D coverage) Salt diapir play (mostly 3D coverage) Salt sheet trend – subsalt plays (entirely 2D coverage) Tertiary stratigraphic plays (shallow) PreAlbian basin floor fan The map and the Cross section here show respectively the location and the play types of the different prospects and leads: Tertiary Stratigraphic Albian Fans Salt flancs Subsalt Anticlines Neocomian and Dogger inverted fans I will present to you 2 examples: 1 from the Subsalt and the second from the Dogger. March 3, 2010

Essaouira Offshore Prospects and leads: 50 March 3, 2010 Prospect Paprika March 3, 2010

Middle Jurassic Depth Structure and RMS Amplitudes Essaouira offshore: Jurassic Prospect (Paprika) Middle Jurassic Depth Structure and RMS Amplitudes Dip Line The last example is from Middle Jurassic Turbidite illustrated by High Amplitude in the seismic lines and also by spectral decomposition in this 3D Bock . Middle Jurassic 3D Amplitudes Anomalies March 3, 2010

Safi Offshore Area : 14 000 Km² Seismic 2D : 4 900 km Well : 0 Prospect & Leads : 9 March 3, 2010

Safi Offshore Seismic and wells data Seismic 2D : 4 900 km March 3, 2010

Submarine Fan Prospect Safi Offshore Prospects and leads: 9 Lower Cretaceous Submarine Fan Prospect March 3, 2010

Safi Offshore Lower Cretaceous Submarine Fan Prospects (raft block) Safi-1 Prospect attribute maps at 072 reservoir level Potential sinuous channel Closure: 24 Km²; Crest: 4180 m; Spill point: 4410 m; Column height: 230 m ; Reservoir thickness: 40m; Recoverable (mean) oil : 112 Mmbo. March 3, 2010

Summary of Atlantic Prospetivity Seismic mapping identified more than 210 prospects and leads of various types; Data evidence from wells and outcrops show good Source Rocks; Data evidence from wells, outcrops and 3D seismic interpretation supports the presence of various levels of reservoirs; The Open Acreage in the Atlantic Deep Offshore offers many attractive 3D & 2D leads and mature prospects. At this stage, a substantial drilling efforts is necessary that will led to future discoveries. March 3, 2010

ONHYM MOROCCO @ APPEX Booth # 37