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CC Energy Development Blocks 3 & 4 Development. Oman Economic Forum April 23 rd 2012. FARHA SOUTH FIELD. Block 3. SAIWAN EAST FIELD. Block 4. Blocks 3 & 4 History. EPSA for Blocks 3 & 4 signed on February 9, 2003 by Encana .

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cc energy development blocks 3 4 development

CC Energy DevelopmentBlocks 3 & 4 Development

Oman Economic Forum

April 23rd 2012

slide2

FARHA SOUTH FIELD

Block 3

SAIWAN EAST FIELD

Block 4

blocks 3 4 history
Blocks 3 & 4 History
  • EPSA for Blocks 3 & 4 signed on February 9, 2003 by Encana.
  • CCED took over 50% of the asset from EnCana in November 2007.
  • Exploration commenced in 2009.
slide4

1972-1984

BLOCK 51

BLOCK 6

1983-1986

1985-1990

1991

1992-1994

1999

2001

2005-2007

2009-2012

BLOCK 42

BLOCK 3

BLOCK 4

BLOCK 64

0 50 Km

cced achievements
CCED Achievements

Built Early Production Facilities to produce oil within 5 months after the green light from MOG.

Prepared and submitted the Field Development Plan to MOG.

Identified further exploration opportunities and initiated a plan to explore

slide7

Drilling Program

Note: 24 wells were successful out of 30 drilled Exploration/Appraisal/Development producers wells - 80% success

slide9

Crude Oil Trucking Operation

  • Over 7,000,000 km driven (crude haulage) with only one RTA.
  • Operation started with four (4) tankers and increased to thirty one (31).
  • Highest daily volume transported; 14,498 barrels.
  • Highest daily number of tankers offloaded in Alam is 63.
  • Highest monthly volume transported; March 2012 mtd 377,947 barrels.
  • Highest monthly km driven February 2012 mtd 542,174 km.

9

9

why cced is a success
Why CCED is a Success
  • Team Work
  • Team Empowerment
  • Leadership
  • Skilled People
  • Planning, Planning, Planning
  • Communication
  • Relationship
  • Simultaneous Appraisal and Development
slide16

Blocks 3 & 4 Investment

  • Investment 2010 – 2012:
            • Over $ 300 Million USD
  • Planned Investment 2013 – 2017:
            • Over $ 500 Million USD
enhanced oil recovery
Enhanced Oil Recovery
  • Primary
  • Water Injection as Secondary Recovery – Pilot started.
  • Chemical, Surfactant or Microbial as Tertiary Recovery
enhanced oil recovery1
Enhanced Oil Recovery
  • Vast Extra Heavy Oil Reserves which Requires the Utilization of Thermal Recovery Methods.
total new field exploration in the world
TOTAL NEW FIELD EXPLORATION IN THE WORLD

$140

70,000

63,935

MAJOR

INDEPENDENT

NOCs

OIL PRICE

61,943

6%

6%

$120

60,000

10%

10%

84%

84%

$100

50,000

35,954

$80

40,000

36,062

6%

8%

$/BARREL IN 2007 USD

NUMBER OF NEW FIELD WILDCATS DRILLED IN THE WORLD

7%

17%

87%

$60

30,000

24,623

75%

22,299

8%

10%

17%

14%

$40

20,000

75%

76%

$20

10,000

1992-1996

1987-1991

1977-1981

1982-1986

2002-2006

1997-2001

$0

0

Data Source – IHS

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