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TAKING ON PETROLEUM PROMOTION CHALLENGES

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Presentation on theme: "TAKING ON PETROLEUM PROMOTION CHALLENGES"— Presentation transcript:

1 TAKING ON PETROLEUM PROMOTION CHALLENGES
MADAGASCAR TAKING ON PETROLEUM PROMOTION CHALLENGES 10 /4/06 omnis/dh.06 Omnis/dh.06

2 MADAGASCAR INTRODUCTION OMNIS PRESENTATION
STATUS OF MADAGASCAR OIL EXPLORATION HYDROCARBON POTENTIAL PROSPECTIVE ZONES PETROLEUM PROMOTION CHALLENGES CONCLUSION 10 /4/06 omnis/dh.06 Omnis/dh.06

3 MADAGASCAR GENERALITY SOURCE OF ENERGY - 400 Km OFF EAST COAST AFRICA
- SOUTHWEST OF INDIAN OCEAN - 400 Km OFF EAST COAST AFRICA - THIRD LARGEST ISLAND - 592,000 km² - POPULATION: 18 MILLIONS - PROVINCE : 6 / REGION : 22 - CAPITAL : ANTANANARIVO SOURCE OF ENERGY - ELECTRICITY - FIREWOOD & CHARCOAL - COAL - OIL & GAS - CONSUMPTION : 15,000 BOPD 10 /4/06 omnis/dh.06

4 MADAGASCAR OMNIS Promotion for petroleum and mineral exploration
- MISSIONS : Promotion for petroleum and mineral exploration Creating incentive and competitive environment - ROLE WITHIN PETROLEUM INDUSTRY Responsible of any upstream activities Management of petroleum resource Holder of all oil exploration data. Commercial for promotion & exploration 10 /4/06 omnis/dh.06

5 MADAGASCAR Office for National Mining and Strategic Industries
OMNIS In Antananarivo Creation in 1976 State-owned agency managing in petroleum and mining development 350 employees 1/3 highly qualified Management team with many years of international experience FINANCIAL HUMAN /LOGISTICS NEW VENTURES EXPLORATION DATA CENTER LABORATORIES 10 /4/06 omnis/dh.06

6 MADAGASCAR STATUS OF OIL EXPLORATION
- GEOPHYSICAL SURVEYS . SEISMIC-2D 70, 664 Km. SEISMIC 3D 3,600 km² AIRMAG 195, 346 Km MICROMAG , 808 Km MAG 32, 770 Km GRAVITY , 116 Km - 75 WELLS : . 01 IN AMBILOBE IN MAJUNGA IN MORONDAVA . 01 IN EAST COAST . 64% OIL AND/OR GAS SHOWS . 31% ON STRUCTURES . 15% COMBINATION OF RESERVOIRS - SEALS - TRAPS - NON CONVENTIONAL OIL: 13 MILLIONS TONS OF HEAVY OIL - CONVENTIONAL OIL: UNDEREXPLORED 10 /4/06 omnis/dh.06

7 MADAGASCAR HYDROCARBON POTENTIAL
Existence of all the criteria of oil accumulation in the five sedimentary basins of MADAGASCAR : km² THREE main sedimentary basins: MAJUNGA AMBILOBE MORONDAVA Jurassic/Cretaceous passive margin TWO other smaller basins : CAP STE MARIE in South ILE STE MARIE in East Coast 10 /4/06 omnis/dh.06

8 MADAGASCAR HYDROCARBON POTENTIAL
Mature source rocks : through carboniferous to cretaceous Reservoir rocks : present within all tectono-sedimentary sequences defined by sandstone –grainstone limestone Seal : interbedded shale & tight limestone Trapping systems : structural & stratigraphical types’ s Hydrocarbon shows : Triassic, Jurassic, Cretaceous & Tertiary CHRONOSTRATIGRAPHY 10 /4/06 omnis/dh.06

9 MADAGASCAR PETROLEUM EXPLORATION HISTORY
PRIOR 1995 : - JOINT VENTURE CONTRACTS Mobil - Occidental/Unicoal - Agip - Amoco - BHP - Maxus - RISK SERVICES CONTRACT: Shell - Results : . Gas accumulation . 41° API oil shows POST 1995 : - JOINT VENTURE CONTRACT Gulfstream - PRODUCTION SHARING CONTRACTS Triton Energy Inc.- Hunt Oil Company l.l.c.- Xpronet Inc Vanco Energy ltd. - Madagasacar Oil Sarl- Sterling Energy- Exxon Mobil - Madagascar Energy International ltd- Madagascar Petroleum International ltd - Amicoh Resources ltd - Tullow Energy ltd and Majunga Oil Sarl. 10 /4/06 omnis/dh.06

10 MADAGASCAR EXPLORATION BLOCKS
ONSHORE : 20 BLOCKS OFFSHORE : . AMBILOBE BASIN : 01 BLOCK . CAP D’AMBRE: 24 Blocks . MAJUNGA BASIN : 04 BLOCKS . MORONDAVA BASIN : 96 BLOCKS . CAP SAINTE MARIE : 97 BLOCKS . NORTH EAST COAST :23 BLOCKS . EAST COAST : 1 BLOCK 10 /4/06 omnis/dh.06

11 MADAGASCAR PRESENT STATUS OF PETROLEUM EXPLORATION
NINE PETROLEUM COMPANIES ACTIVE IN MADAGASCAR OFFSHORE: 03 Blocks - VANCO GROUP ( VANCO- EXXONMOBIL) - STERLING ENERGY - EXXONMOBIL ONSHORE: 10 Blocks - MADAGASACAR OIL S..l and MAJUNGA OIL Sarl (Affiliates of VUNA ENERGY ) - MADAGASCAR ENERGY INTERNATIONAL ltd - MADAGASCAR PETROLEUM NTERNATIONAL ltd - AMICOH RESOURCES ltd - TULLOW ENERGY ltd. 10 /4/06 omnis/dh.06

12 MADAGASCAR PROSPECTIVE ZONES
ONSHORE OPEN ACREAGE Ambilobe basin : Block 1101 Majunga basin : Blocks Morondava basin : Blocks 3115 10 /4/06 omnis/dh.06 Omnis/dh.06

13 MADAGASCAR PROSPECTIVE ZONES
OFFSHORE OPEN ACREAGE WITHOUT SPECULATIVE SEISMIC SURVEY MAJUNGA BASIN : 2001 b & 2002 b Blocks EAST COAST : 5001 Block NORTH EAST COAST : Blocks CAP D’ AMBRE: Blocks BASED ON SPECULATIVE SEISMIC SURVEY AVERAGE AREA: to 1900 km² GRID LAT: 20’ - LONG: 30’ MORONDAVA BASIN : 96 Blocks CAP SAINTE MARIE : 97 Blocks 1450-6 1550-2 1550-4 1550-6 1650-2 1650-1 1650-3 1650-4 1650-6 1650-5 1750-1 1749-2 1649-6 1649-4 2 1549-6 1549-4 1550-5 Cap ’Ambre North Ile Ste Marie 10 /4/06 omnis/dh.06

14 MADAGASCAR PETROLEUM PROMOTION CHALLENGES
FISCAL & LEGAL TERMS SPECULATIVE SURVEY OFFSHORE WEST AND NORTH-WEST COAST EXPLORATION DATA AVAILABLE FOR PURCHASE 10 /4/06 omnis/dh.06

15 MADAGASCAR FISCAL & LEGAL TERMS
EXPLORATION & PRODUCTION OPERATIONS GOVERNED BY: PETROLEUM LAW & CONTRACTS * TYPE OF CONTRACTS . PRODUCTION SHARING CONTRACT ( PSC) . JOINT VENTURE CONTRACT ( JVC) * CONTRACTUAL TERMS . UNDER REVISION 10 /4/06 omnis/dh.06

16 MADAGASCAR FISCAL & LEGAL TERMS ( Cont’d )
FISCAL TERMS FIXED BY THE LAW AND NON NEGOTIABLE: * ROYALTY * DIRECT TAXE ON HYDROCARBON ( INCOME TAXE): RATE 30% 10 /4/06 omnis/dh.06

17 MADAGASCAR SPECULATIVE SURVEYS
FOR HIGHLIGHTING THE LEADS AND PROSPECTS AND TO IMPROVE PETROLEUM POTENTIAL FACILITATE COMMERCIAL FOR PROMOTION FOUR COMPANIES CONTRACTED WITH OMNIS 10 /4/06 omnis/dh.06

18 MADAGASCAR SPECULATIVE SURVEYS
TGS NOPEC: SEISMIC SURVEYS 2D: Km OFFSHORE WEST COAST MOZAMBIC CHANNEL Km OFFSHORE EAST COAST . 800 Km OFFSHORE SOUTH COAST GXT: EAST AFRICA SPAN : 2250 km of 2D SEISMIC on OFFSHORE MADAGASCAR EEZ UPSL: NON EXCLUSIVE GEOCHEMISTRY SEABED CORIING AND HEATFLOW SURVEY : OFFSHORE WEST AND SOUTH A2D: PROCESS, MARKETING and PROMOTION OF WELL LOG DATA 10 /4/06 omnis/dh.06

19 MADAGASCAR ENVIRONMENTAL SAFEGUARD
ENVIRONMENTAL IMPACT ASSESSMENT MANDATORY COMPANY SHALL COMPLY WITH: STIPULATION OF THE NATIONAL ENVIRONMENTAL CHARTER NATIONAL AND REGIONAL ENVIRONMENTAL REGULATIONS INTERNATIONAL CONVENTIONS 10 /4/06 omnis/dh.06

20 MADAGASCAR EXPLORATION DATA MANAGEMENT
DATA BANK OF OMNIS TECHNICAL REPORT ON MADAGASCAR PETROLEUM POTENTIAL AT ALCONSULT INTERNATIONAL LTD POTENTIAL GEOPHYSICS DATA AT GTECH 10 /4/06 omnis/dh.06

21 MADAGASCAR CONCLUSION
BID ROUND - LAUNCHING IN APRIL 5th : 10 ONSHORE OPEN BLOCKS - LICENSING ROUND ON MAY 2006 : OFFSHORE OPEN BLOCKS PETROLEUM PROMOTION CHALLENGES - FISCAL &LEGAL TERMS INCENTIVE AND ATTRACTIVE - PROMOTE & SUSTAIN SPEC SURVEY - REINFORCE COOPERATION - IMPROVE COMMERCIAL DATA & MANAGEMENT: . CONSULTATION . SALE . QUICK RESPONSE ADDRESS CONTACT : General Manager, OMNIS BP 1bis, Antananarivo 101 – MADAGASCAR Phone : Fax : omnis @ simicro.mg 10 /4/06 omnis/dh.06

22 THANK YOU 10 /4/06 omnis/dh.06


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