Thom Board, Gérant Compagnie Minière Congolaise, sprl

Transcription

1 Thom Board, Gérant Compagnie Minière Congolaise, sprl

2 Compagnie Minère Congolaise - CoMiCo The Central Basin Cuvette Centrale Exploration Challenges in a Frontier Basin

3 CoMiCo Frontier Exploration Acreage»Cuvette Centrale Basin approximately 1.2M km 2»CoMiCo acreage across three blocks: 146,000km 2»Direct frontage to the River Congo within Block 1 approx. 350km and 500km from Kinshasa»Access across the entire acreage by major tributaries of the Congo river: Rivers - Busira, Momboyo, Lulonga, Lopori, Lukenie, Fimi»Two large lakes within acreage: Inongo and Ntomba Block 1 Mbandaka 50,000km 2 Block 2 Lokoro 48,000km 2 Block 3 Busira 48,000km 2

4 Field Exploration (and Development) Transport Considerations

5 2011 Geological Fieldwork Campaign» The November 2011 Field Campaign was a collaboration between CoMiCo, the DRC Hydrocarbon Ministry and the RMCA of Belgium» Principal purpose: revisit oil seep sites and new oil seep and geophysical sample locations» Secondary purpose: survey the river network, access to hinterland and viability of marine operations» Exploration and development potential of typical prospect; Bokunga Prospect, Boende, River Tshuapa.

6 Desktop Exploration Prospectivity of CoMiCo s Acreage»Lack of data compilation of worlds most comprehensive data set»approximately 45% of land area has returned data»competent Persons Report by Netherland Sewell & Associates Inc., USA. (NSAi)»Undiscovered Volumetric Potential Study by Rose & Associates LLP, USA. (R&A) Findings NSAi R&A Number of studied structures 20 leads fields Mean recoverable volume (BOE) 3.0 Bn 7.0 Bn Mean discovery size (MMBOE) Max. expected discovery size (MMBOE) 750 1,100 Scoping Economics & Feasibility Study by Moyes & Co., USA

7 Exploration Process» Shoot additional Gravity and Magnetics grid» Acquire Satellite Imagery and other reconnaissance data» Use above data to determine where to acquire additional 2D seismic data» Acquire additional 2D seismic data» Mobilize and drill exploratory prospect(s)» Core and test any significant shows» Appraise discoveries with additional wells, including flow test and core» Shoot 3D seismic over discovery(ies)» Complete drilling appraisal program to prove OOIP and reserve range» Initiate engineering studies for field development plan AERIAL ACQUISITION OFFICE BASED ANALYSIS IN FIELD SEISMIC ACQUISITION BARGE BASED OPERATIONS

8 Aerial and Seismic Challenges AERIAL» Despite airbourne restrictions aero-acquisition is possible SEISMIC» Seismic acquisition across harsh environment is industry standard

9 Barge Based Operations» Traditional exploration clears camps on or near rivers (left - drilling base Solimēos Basin, Amazon, Brazil)» In regions where security or resupply are difficult operations have been selfsufficient from single or multiple barges.» Early exploration of the Mississippi delta and US Gulf coast was from barges.» Modern operations in the Nigerian Delta region or Amazon rainforest are sophisticated» Environment and Safety FIRST

10 Technology and Environmentally Driven» Remote operations in river environments require an entirely marine based logistical support.» Supply base in Kinshasa to deliver exploration equipment, people, food and all ancillary components by barge.» The technology that allows for small footprint operations is principally directional drilling» Further advances in whilst drilling data collection and analysis reduces space and time constraints.

11 and the development plan?» CoMiCo s development plan is reliant on marine based operations» Export route will be by small pipeline to riverside terminal» From riverside terminal dual push-barge to Kinshasa - 35,000 bbl capacity» Riverside terminals in Block 1 and in Kinshasa - 10 day storage capacity» Twin existing pipeline from Kinshasa to Muanda