2019 wells to watch - enverus.com · 6 south america cont. 2: peru - marina 1x well id: 2042015402...

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2019 WELLS TO WATCH Selected 20 high-value prospects or signifcant exploration wells to be drilled 2019 and early 2020.

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Page 1: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

2019WELLS TO WATCHSelected 20 high-value prospects or significant exploration wells to be drilled 2019 and early 2020.

Page 2: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

“With the recovery of oil & gas prices, global investment

opportunities are growing, and staying on top of this new activity

can be challenging. In this report, Enverus experts from around the

globe pinpoint 20 of the top wells and exploration drilling programs

from 19 countries to watch through the remainder of 2019 and into

2020. These include regionally significant prospects on and offshore

consisting of high profile new-field wildcats (NFWs) targeting new

plays and some appraisals seeking to prove large discoveries.”

Page 3: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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NORTH AMERICA

1: Mexico - Ameyali 1

Well ID: 2037034180

Block Name: CNH-R01-L04-A1.CPP/2016 (Part 2)

Operator: CNOOC

Spud Date: Q4 2019

Environment: Deepwater

Basin: Perdido Fold Belt

Well Classification: New-field wildcat

Objective: Wilcox Paleogene sandstones

Comment:Ameyali 1, Tlami 1 plus two other wells to be drilled over CNH-R01-L04-A1.CPP/2016 with total cost US$ 289 million.

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Page 4: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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NORTH AMERICA CONT.

2: Canada - Harp

Well ID: 2060004337

Block Name: EL 1135

Operator: ExxonMobil

Spud Date: Q3 2019

Environment: Deepwater

Basin: Flemish Pass Basin

Well Classification: New-field wildcat

Objective: Mesozoic

Comment: High impact well with standalone potential in frontier Flemish Pass Basin.

Page 5: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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SOUTH AMERICA

1: Guyana - Utakwaaka 1

Well ID: 2032000090

Block Name: Corentyne

Operator: CGX

Spud Date: 2020

Environment: Shelf

Basin: Guyana-Suriname Basin

Well Classification: New-field wildcat

Objective: Campanian

Comment:Likely first well to be drilled by CGX & Frontera Energy partnership on Corentyne which lies directly south of ExxonMobil’s prolific Stabroek block.

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Page 6: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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SOUTH AMERICA CONT.

2: Peru - Marina 1X

Well ID: 2042015402

Block Name: Z-38

Operator: Karoon

Spud Date: Q1 2020

Environment: Deepwater

Basin: Progreso Basin

Well Classification: New-field wildcat

Objective: Upper Miocene Tumbes Fm is target and Zorritos is secondary objective

Comment:First well drilled on the block seeking to extend production into deepwater. Unrisked best estimate gross prospective resource of 256 Mmbo.

3: Brazil - 1BRSAXXXSPS (Uirapuru)

Well ID: 2018030347

Block Name: Uirapuru-PSC

Operator: Petrobras

Spud Date: Q4 2019

Environment: Deepwater

Basin: Santos Basin

Well Classification: New-field wildcat

Objective: Barra Velha Cretaceous carbonates

Comment:

Undrilled deepwater pre-salt block fetched the highest bid in ANP PSC Round 4. It has an estimated 7.8 Bbo in unrisked reserves. This block will be featured with 3 wells planned in a new 10 exploratory well exploratory drilling program by Petrobras focused on the pre-salt to begin in first quarter 2020.

Page 7: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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EUROPE & MEDITERRANEAN

1: Norway - 6611/1-1 Toutatis

Well ID: 1827007728

Block Name: 6611/1

Operator: Wintershall Dea

Spud Date: Q4 2019

Environment: Deepwater

Basin: Trondeleg Platform Basin

Well Classification: New-field wildcat

Objective: Late Triassic/Early Jurassic Båt Group (Åre and Tilje fm)

Comment:200 MMboe prospect that could increase interest in the nearby Lofoten area which is highly prospective (1-3 Bbo est. resources) but currently off-limits for E&P.

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Page 8: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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EUROPE & MEDITERRANEAN CONT.

2: United Kingdom - 204/30b-D (Warwick Crest)

Well ID: 1834014584

Block Name: 204/30b

Operator: Hurricane

Spud Date: Q4 2019

Environment: Deepwater

Basin: Faroe-Shetland Basin

Well Classification: New-field wildcat

Objective: Basement

Comment:Fractured basement play similar to Lancaster. Spirit Energy to farm in and carry Hurricane on exploring Warwick and appraising Lincoln with potential full carry on development.

3: Montenegro - 4118-5 NFW

Well ID: 1225000015

Block Name: 4118-5

Operator: Eni

Spud Date: Q4 2019

Environment: Shelf

Basin: Adriatic Basin

Well Classification: New-field wildcat

Objective: Cretaceous carbonates & Palaeogene-Neogene turbidites

Comment:Likely targeting Cretaceous shelf edge & platform carbonates (potentially analogous to Zohr) with secondary Cenozoic turbidites. Only 4 previous wells offshore Montenegro, last was 1988 and deepest was 4,750m.

Page 9: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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EUROPE & MEDITERRANEAN CONT.

4: Algeria - Offshore Algerie Est NFW

Well ID: 1301009342

Block Name: Offshore Algerie Est

Operator: Eni

Spud Date: November 2019

Environment: Shelf

Basin: Rif Basin

Well Classification: New-field wildcat

Objective: Miocene carbonate

Comment:Offshore Algeria remains frontier, with just four wells previously drilled. Eni likely targeting carbonate play.

5: Lebanon - B4 1

Well ID: 1507000007

Block Name: Block 4

Operator: Total

Spud Date: Q4 2019

Environment: Deepwater

Basin: Levant Basin

Well Classification: New-field wildcat

Objective: Miocene clastics

Comment:First offshore exploration well in Lebanon. Targeting gas reservoir at a depth of 4,400m (BMSL).

Page 10: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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EUROPE & MEDITERRANEAN CONT.

6: Egypt - Ameq 1

Well ID: 1315004811

Block Name: North Thekah Offshore

Operator: EDF

Spud Date: December 2019

Environment: Deepwater

Basin: Levantine Basin

Well Classification: New-field wildcat

Objective: Miocene sandstone

Comment:Unexplored acreage on Nile Delta/Levantine Basin margin. Best Estimate 28/2/19 CPR by NSAI of 2.861 Tcfg & 17.2 MMbc. 27% CoS.

Page 11: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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AFRICA

1: Guinea-Bissau - Atum 1

Well ID: 1924000000

Block Name: Block 2

Operator: Svenska

Spud Date: Q1 2020

Environment: Deepwater

Basin: MSGBC Basin

Well Classification: New-field wildcat

Objective: Albian

Comment:CNOOC farming in to licence to drill well. NFW targeting Atum prospect, analogous to SNE Field. Mar 2019 Exceed awarded 12-month well management contract.

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Page 12: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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AFRICA CONT.

2: Angola - Block 48/16 NFW

Well ID: 1902003323

Block Name: Block 48/16

Operator: Total

Spud Date: H2 2019

Environment: Deepwater

Basin: Lower Congo Basin

Well Classification: New-field wildcat

Objective: Tertiary sandstone

Comment:First well on block, outboard of existing major Lower Congo Basin discoveries. 1 well commitment by end-2019 under joint exploration agreement between Total & Sonangol.

3: Mozambique - A5-A NFW

Well ID: 1937000277

Block Name: A5-A

Operator: Eni

Spud Date: Q1 2020

Environment: Deepwater

Basin: Mozambique Basin

Well Classification: New-field wildcat

Objective: Cretaceous/Tertiary sandstone

Comment:Eni plans 1st NFWs on A5-A in Q1 2020 - 1 firm & 2 contingent wells. Drillship tendered for. Each well to take 45 days. Qatar Petroleum to farmin. Eni & XOM plan 4 wells in total in Mozambique in 2020.

Page 13: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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AFRICA CONT.

4: Namibia - Venus 1

Well ID: 1938000078

Block Name: 2913B

Operator: Total

Spud Date: Q1 2020

Environment: Deepwater

Basin: Orange Basin

Well Classification: New-field wildcat

Objective: Aptian sandstone

Comment:Well to target large Aptian basin-floor fan, identified from late-2016/early-2017 3D seismic with DHI signatures. Total to carry 54% of well costs.

3: Mozambique - A5-B NFW

Well ID: 1937000276

Block Name: A5-B

Operator: ExxonMobil

Spud Date: April 2020

Environment: Deepwater

Basin: Mozambique Basin

Well Classification: New-field wildcat

Objective: Cretaceous/Tertiary sandstone

Comment:XOM in 2+1 well campaign in April 2020 across 3 blocks - 1 firm well on A5-B, 2 well commitment for initial phase of A5-B licence. Eni farming in. Eni & XOM plan 4 wells in total in Mozambique in 2020.

Page 14: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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AFRICA CONT.

5: South Africa - Luiperd 1

Well ID: 1948000623

Block Name: Block 11B/12B

Operator: Total

Spud Date: Q1 2020

Environment: Deepwater

Basin: Southern Outeniqua Basin

Well Classification: New-field wildcat

Objective: Early Cretaceous sandstone basin-floor fan prospects

Comment:2-3 exp wells planned to commence Q1 2020 following Brulpadda gas condensate discovery. Expected to target basin-floor fan prospects in SW corner of block. Luiperd will be 1st well.

Page 15: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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ASIA PACIFIC

1: Indonesia - Rencong 1X

Well ID: 1012038855

Block Name: Andaman III

Operator: Repsol

Spud Date: H2 2019

Environment: Shelf

Basin: North Sumatra Basin

Well Classification: New-field wildcat

Objective: Peutu limestone

Comment:Targeting 3 Tcfg plus 124.73 MMbc in Late Eocene to Early Oligocene reefal carbon-ates. Potential to expand Peutu play to the west.

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Page 16: 2019 WELLS TO WATCH - enverus.com · 6 SOUTH AMERICA CONT. 2: Peru - Marina 1X Well ID: 2042015402 Block Name: Z-38 Operator: Karoon Spud Date: Q1 2020 Environment: Deepwater Basin:

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ASIA PACIFIC CONT.

3: Australia - Sculpin 1

Well ID: 1410030288

Block Name: VIC/P70

Operator: ExxonMobil

Spud Date: Q4 2019

Environment: Deepwater

Basin: Gippsland Basin

Well Classification: New-field wildcat

Objective: Latrobe

Comment:Ultra deepwater wildcat to be drilled outboard of the 2018 Baldfish and Hairtail discoveries.

2: Malaysia - Kesidang 1

Well ID: 1014002447

Block Name: SK-408

Operator: Sapura

Spud Date: Q4 2019

Environment: Shelf

Basin: Greater Sarawak Basin

Well Classification: New-field wildcat

Objective: Late Miocene carbonates

Comment:First well of new drilling programme. Previous drilling campaign in the block yielded 7 discoveries with a total in-place gas resource estimate of 6 Tcfg.