AB Geonafta GROUP PRESENTATION - LOTOS.pl
16
AB Geonafta AB Geonafta GROUP PRESENTATION
Transcript of AB Geonafta GROUP PRESENTATION - LOTOS.pl
AB Geonafta
AB Geonafta
GROUP PRESENTATION
AB Geonafta
AB Geonafta Capital Group structure
1
AB Geonafta
100%
UAB “Genčių nafta”
50%
UAB “Minijos nafta”
Other Shareholders:
50% Odin Energy
50%
UAB “Manifoldas” Other Shareholders:
50% Private Shareholders
AB Geonafta
Oil in Lithuania and Licencies
AB Geonafta
Oil production companies
• AB Geonafta: 5 production plants (20 production wells; 3 injection wells)
• UAB Genčių nafta: 1 production plant (4 production wells; 2 injection wells)
• UAB Manifoldas 7 production plants (11 production wells; 1 injection well)
• UAB Minijos nafta 12 production plants (25 production wells; 11 injection wells)
AB Geonafta
Oil production facilities in AB Geonafta
• 24 production wells (with Genčių nafta)
• Pumps • 10 PCP (Progressing Cavity Pump)
• 10 Rod pumps
• 3 Jet pumps
• 1 ESP (Electric Submersible Pump)
• 6 injection wells
AB Geonafta 5
AB Geonafta - Overview
Geonafta hold the steady oil production over the past three
years
Currently active are 20 producers and 3 injectors on three oil
fields
Sweet light oil – no sulphur, API 39-40
Remaining proved, probable and possible recoverable
reserves at September 30, 2010 - 2 030 Mbbls (as to M&L)
New production strategies are being considered to increase
annual oil production from the discoveries
AB Geonafta
Drilling Equipment and Operations
6
AB Geonafta owns the Cooper LTO-600
drilling rig and workower rig A-50.
Drilling capabilities: up to 2800 m (7”
casing: up to 2500 m).
Regular partners:
Diament (cementing);
Weatherford (directional drilling);
KaliningradGeofizika, Geofizyka Torun
(well logging).
AB Geonafta 7
AB Geonafta –New Wells and Results in Year 2011 (I)
Vėžaičiai-19. Well put in production in April, 2011. ESP installed in July. ~72 m3/day of oil.
6 m3/d
1-3 m3/d
35 m3/d
50 m3/d
0
0.8 m3/d
*Initial oil rates
Girkaliai-8.
Well put in production in July, 2011.
Production rate: 1,6 m3/d
AB Geonafta 8
AB Geonafta –New Wells and Results in Year 2011 (II)
Ližiai-2.
Well put in production in September, 2011
Current oil flow rate ~40 m3/day.
GEN-14H-ST
GEN16
Reservoir B
x
A
B
C
Top B reservoir depth structure map
Genciai-14HR.
Well under completion.
AB Geonafta 9
Klaipeda block (Manifoldas) potential and new discoveries
Ližiai
Auksoras
AB Geonafta 10
Gargzdai block (Minijos nafta) oilfields and prospects
AB Geonafta 11
Oil production history
Oil production in Lithuania and Licences
AB Geonafta 12
Oil in Lithuania – Potential for exploration
Onshore
• 19 Cambrian fields
• ~50 prospects (mostly small )
• 60-80 potential prospects
Offshore
• 1 discovery
• 20 prospects and leads
OFICIAL ESTIMATES - Recoverable oil resources MMt State Petroleum Strategy -2003
Onshore Offshore
60 20 Lithuanian Geological Institute - 1997
TOTAL 64
Cambrian 53% 34
Silurian 41% 26
Ordovician 6% 4
Cambrian field size
>0.5 Mm3 5 fields
0.5 – 1 Mm3 6 fields
1.5 – 2.5 Mm3 4 fields
3 – 3.7 Mm3 4 fields
AB Geonafta
Silute-Taurage Block (Upcomming Bidding Round)
13
Favorable position in the basin - high prospectivity Historically non-efficient structural mapping and unsuccessful exploration drilling
Lauksargiai field
Seismically identified structures
not confirmed by drilling.
AB Geonafta
Kudirka - Kybartai Block (Upcomming Bidding Round)
14
Kudirka field
Kybartai field
No reliable seismic
New seismic program required
Test production project
AB Geonafta
Thank you
