Serica Energy PLC · LSE:SQZ
Serica Energy — Atlantic Ireland Conference 2015
12 slides from Serica Energy's conference presentation, Oct 27, 2015
Slide 1: There's more to Atlantic Ireland than Porcupine
There’s more to Atlantic Ireland than Porcupine The Merits of the Slyne and Rockall Basins Atlantic Ireland Conference, Dublin, 27th October 2015
Slide 2: Disclaimer
Disclaimer The information presented herein is subject to amendment and has not been independently verified. Serica Energy plc (“Serica”) does not represent that the information and opinions contained herein are necessarily adequate or accurate and no liability is accepted for any errors or omission
Slide 3: There's more to Atlantic Ireland than Porcupine
There’s more to Atlantic Ireland than Porcupine • Similar geology to the Vøring Irish prospective UK, Faroe and Halten Rockall FEL 1/09 Norwegian margins Basin FEL 4/13 • Porcupine, Slyne and Rockall Møre Basins all contain hydrocarbon discoveries FEL Faroe- 1/06 • Serica has three licences in the S
Slide 4: Rockall & Slyne Basins: Chance of Success
Rockall & Slyne Basins: Chance of Success FEL 1/09 • 15 exploration wells drilled in area of interest - Rockall Ireland, Rockall Rockall UK, Donegal, Erris & Slyne Basins FEL 4/13 • Only 5 exploration wells in the Rockall Basin (3 Ireland, 2 UK) Dooish Discovery • Dooish Discovery 265bcf + 17mmbc co
Slide 5: Rockall & Slyne Basins: Proven Reservoir, Source & Seal Systems
Rockall & Slyne Basins: Proven Reservoir, Source & Seal Systems Rockall Basin Slyne Basin Reservoir Source Seal Reservoir Source Seal Eocene possible proven Palaeocene proven Upper proven Cretaceous Lower Very likely likely possible proven Cretaceous Rockall Basin Upper proven proven proven possible
Slide 6: Slyne Basin FEL 1/06
Slyne Basin FEL 1/06 • Serica (50% Operator), DEA 50% • Boyne Prospect: large tilted fault block clearly defined on 3D seismic data • Close to Bandon discovery 27/4-1,1z FEL • Dual target (Jurassic and Triassic) P50 1/06 116mmbbls recoverable • High quality Lower Jurassic and Triassic reservoirs pro
Slide 7: Slyne Basin FEL 1/06: 3D Perspective on Top Lower Jurassic
Slyne Basin FEL 1/06: 3D Perspective on Top Lower Jurassic Liffey Prospect Achill Prospect Bandon Oil Discovery: 38m oil column in high-quality Lower South Jurassic sandstones S 27/4-1,1z 27/5-1 27/5-1: Oil shows in high- quality Middle S Jurassic Sandstones Lower Jurassic Source Kitchen Boyne Prosp
Slide 8: Slyne Basin FEL 1/06 Boyne Prospect
Slyne Basin FEL 1/06 Boyne Prospect Bandon Boyne WNW ESE Discovery Prospect Depth (m) Boyne Down to 2275m, P10 closes to Prospect reservoirs sealed 2650m against Middle Jurassic shales Top Lower Jurassic reservoir P50 Best Technical Case: 4-way-dip closure to 2275m 27/4-1,1z 2275m Top Sherwood 2650m
Slide 9: Rockall Basin FEL 1/09 and FEL 4/13
Rockall Basin FEL 1/09 and FEL 4/13 FEL 1/09 • Serica 100% equity FEL 4/13 • Significant tilted fault blocks and stratigraphic traps clearly defined on 3D seismic data • 1500-2000m water depth • Muckish Prospect is a tilted fault block analogous to the nearby Dooish Discovery • Muckish well estimate
Slide 10: Rockall Basin FEL 1/09 & FEL 4/13: 3D Perspective on Base Cretaceous
Rockall Basin FEL 1/09 & FEL 4/13: 3D Perspective on Base Cretaceous Dooish W 12/2/1,1z E sTWT Aghla More Aghla Beg Dooish 4 Top Maastrichtian Mackoght Top Turonian 5 FEL 4/13 Base Cretaceous Tertiary intrusive Muckish East Muckish Muckish E. SW NE Top sTWT Palaeocene 4 Top Maastrichtian Muckish Top
Slide 11: Rockall Basin FEL 4/13 Derryveagh Prospect
Rockall Basin FEL 4/13 Derryveagh Prospect Albian RMS amplitude drape over depth • Cretaceous stratigraphic play is well established in UK Aghla Beg Prospect West of Shetlands and the Porcupine Basin Aghla More Prospect underlying structural underlying structural high • Amplitude anomaly (Class 1 AV
Slide 12: Slyne and Rockall Basins - Conclusions
There’s more to Atlantic Ireland than Porcupine Slyne and Rockall Basins - Conclusions • Rockall and Slyne Basins are the emerging post-Porcupine play • Proven oil, gas and condensate discoveries • High-quality reservoirs and proven source rocks • A variety of well-defined structural and stratigraph