Serica Energy PLC · LSE:SQZ
Serica Energy — Investor Presentation (May 2012)
18 slides from Serica Energy's investor presentation, May 2012
Slide 1: Appendix for May 2012 presentation
Appendix for May 2012 presentation Schematic Lomond Bridge Linked Platform - Columbus development
Slide 2: Exploration assets
Appendix Exploration assets Serica's exploration assets are located in: • North Sea • Ireland • Morocco, and • Namibia Individual summaries are attached Polarcus Nadia used on Luderitz 3D survey !1
Slide 3: UK - Spaniards appraisal
UK - Spaniards appraisal Spaniards - blocks 15/21a & 15/21g • Serica has 21% of amalgamated area in Blocks 15/21 & 15/21g covering Spaniards discovery • Spaniards proven by 15/21a-38z & 15/21-2 with well 15/21a-38z flowing 2,600 bpd on test • Serica share of well costs; 30% of first well, 17.14% of
Slide 4: UK - South Otter prospects
UK - South Otter prospects South Otter - Blocks 210/19a & 20a • Serica has 100% of Blocks 210/19a & 20a • Blocks lie adjacent to Otter field • Several prospects lie in the blocks. • Subject to securing a farm-out Serica plans to drill one of the prospects in Block 210/20a in 2012 or 2013 Several pla
Slide 5: UK - Doyle prospect
UK - Doyle prospect Doyle - Blocks 113/26b & 27c • Serica is Operator of Blocks113/26b & 27c with 65% • Doyle located on trend with North Morecambe & South Morecambe fields & recent Rhyl gas discovery • Drilling held until after 27th Licensing Round • Serica's plans to farm-down its interest before
Slide 6: UK - York Area prospects
UK - York Area prospects Blocks 47/2b (split), 47/3g (split), 47/7(split), 47/8d (part) • Centrica Operator. Serica share 37.5% • Adjacent to Centrica operated York field which extends onto Block 47/2b. York field due to commence production in 2014 • Blocks contain many low risk gas prospects includ
Slide 7: Atlantic Margin properties
Atlantic Margin properties Serica has established a strong position in Atlantic margin • Atlantic margin is now established as a new hydrocarbon exploration area • Serica has built significant position in four Atlantic margin basins • Rockall & Slyne Basins - Ireland • Tarfaya-Ifni Basin - Morocco •
Slide 8: Ireland Atlantic margin
Ireland Atlantic margin Good position offshore Ireland • Large interests in two Atlantic margin basins offshore Ireland • The Rockall Basin - working hydrocarbon system proven by the Dooish discovery. Three large undrilled prospects, Muckish, Midleton & West Midleton • The Slyne Basin - working hydr
Slide 9: Ireland exploration - Rockall Basin
Ireland exploration Rockall Basin - Serica 100% • Large Muckish prospect. 0.6-3.5 tcf P50-P10 prospective gas resources (*) • Mapped from 3D seismic on blocks • Features analogous to the nearby Dooish discovery • Dooish encountered 216m gas condensate column and established working hydrocarbon syste
Slide 10: Ireland exploration - Rockall Basin
Ireland exploration Rockall Basin - Serica 100% • Midleton & West Midleton prospects. Combined 0.7-2.7 tcf P50-P10 prospective gas resources (*) • Mapped from 3D seismic on blocks • Also in same working hydrocarbon system nearby Dooish gas condensate discovery • Combined with Muckish expands options
Slide 11: Ireland exploration - Slyne Basin
Ireland exploration Slyne Basin - Serica 50% (Operator) • Serica drilled well 27/4-1 in 2009 and found shallow oil at Bandon prospect • This established presence of working hydrocarbon system • Proves deeper oil potential of Jurassic in basin • Boyne & Liffey are Lower Jurassic oil prospects overlyi
Slide 12: Morocco - Tarfaya-Ifni Basin licences
Morocco - Tarfaya-Ifni Basin licences Two large blocks offshore Morocco • Serica has 25% interest in Foum Draa and Sidi Moussa Blocks in the Tarfaya-Ifni Basin • Highly under-explored: only three wells drilled in the Central Moroccan deepwater Atlantic Margin • Water depths in Serica's blocks range
Slide 13: Morocco - Foum Draa and Sidi Moussa licences
Morocco - Foum Draa and Sidi Moussa licences Multiple prospect blocks • Blocks cover 12,714 square kilometres • Extensive technical evaluation of over 5,200 sq. kms of 3D seismic data & over 7,000 kilometres of 2D data undertaken • 33 prospects & leads identified • Diverse range of play types & mult
Slide 14: Namibia - Luderitz Basin licences
Namibia - Luderitz Basin licences Large area offshore central Namibia • Licence award was awarded by the Namibian Ministry of Mines and Energy in late December 2011 • Blocks cover approximately 17,400 square kilometres in central Luderitz Basin • BP farmed-in in March 2012 • 4,150 sq. km. 3D survey
Slide 15: Namibia - Luderitz Basin Geological setting
Namibia - Luderitz Basin Geological setting Kunene gas Namibia offshore largely unexplored Chariot (discovery?) Tapir-1 • The Luderitz Basin is one of three under-explored P&A dry sedimentary basins lying south of the Walvis Ridge offshore Namibia • Water depths in the area awarded range from 300 to
Slide 16: Namibia - Luderitz Basin licences
Namibia - Luderitz Basin licences Very large prospects • Three very large four-way dip closure structures are already identified on the blocks • Aggregate gross prospective oil resources estimated 1.5 bn bbls - 7.5 bn bbls P50-P10 solely in prospects A, B and C (*) • Sizeable trapping mechanisms are
Slide 17: Namibia - Luderitz Basin 3D Seismic Acquisition
Namibia - Luderitz Basin licences 3D Seismic Acquisition • Survey commenced 1 May 2012. Early results expected 3Q2012 • Survey planned for 4,150 sq kms to: • Fully delineate prospect B (gross prospective oil resources estimated 470mmbbl - 1.8 bn bbls P50-P10 estimate (*) • Map pinch out prospects ex
Slide 18: Serica's objective is to provide shareholders with maximum opportunity for growth
Streamers deployed on Serica's Luderitz Basin 3D seismic survey offshore Namibia Serica's objective is to provide shareholders with maximum opportunity for growth but with commensurate and prudent management of the risks inherent in exploration