zarat field and joint oil block a development ... · zarat field and joint oil block a development...
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ZARAT FIELD AND JOINT OIL BLOCK
A Development & Exploration Operatorship Opportunity
3 000 km²Surface Area
80 - 120 mWater Depth
6 500 km2D Seismic data
1 900 km²3D Seismic Data
5Wells
CertifiedResources
Nearby Infrastructures
Attractive Contractual Terms
7$/ MscfAttractive Gas Price
85 stb/ MMScfRich Condensate
Jointoilblock-zarat.com
JOINT OIL IS SEEKING INTERESTED COMPANIES TO DEVELOP
ZARAT FIELD AND PURSUE EXPLORATION EFFORTS
JOINT OIL is the registered trade name of the JOINT OIL Explora-
tion, Exploitation and Petroleum Services Company. Equal shares
in Joint Oil are owned by Libya Oil Holdings Ltd (LOHL) and Entre-
prise Tunisienne d’Activités Pétrolières (ETAP).
Location and Nearby Fields
OFFSHORE TUNISIA AND LIBYA ZARAT FIELD AND JOINT OIL BLOCK
DEVELOPMENT & EXPLORATION OPERATORSHIP OPPORTUNITY
Beicip-Franlab, international E&P Consultancy and Services compa-
ny, has been mandated by JOINT OIL to review the JOINT OIL assets
namely Zarat field and the exploration block with the objective to
seek interested parties in pursuing the development and explora-
tion efforts. Within this framework, Beicip-Franlab, in cooperation
with JOINT Oil organized the ongoing marketing process including
a physical dataroom in its premises.
Zarat North-1drilling rig
DEVELOPMENT : ZARAT FIELDFIELD DESCRIPTION /
- Water Depth: 90 m
- Salt induced anticline overlapping Tunisia Zarat Permit and JOINT OIL Block
- Fractured Nummulitic Limestone El Gueria Reservoir
- Oil rim of some 15 m with a gas column of 70 m encountered in Zarat-1
- Some 50% inert gas (CO2 & N2)
- Oil of some 35° API with GOR of 910 scf/bbl- Gas with CGR of 85 stb/MMscf
- Potential upsides within deeper Upper Cretaceous reservoirs: Abiod, Douleb and Bireno
Potential Development Synergy
High CGR
3 SUCCESSFULL WELLS /
Zarat-1 drilled in 1992 (85 m HC, full core coverage, 4 DSTs)
Zarat-2 drilled in 1995 (34 m HC, full core coverage, 1 DST)
Zarat North-1 drilled in 2010 (64 m HC, 3 DSTs)
2C Contingent Resources : 0.4 Tscf & 50 MMbbl
Robustness of Project Economics
ZARAT FIELD /
Straddles the boundary between Zarat Permit operated by ETAP and JO Block
TRACTS A & B /
Defined to allow unitized Zarat development
ROBUST NPV & IRR /
at 50$/bbl and 7.0 $/Mscf
DEVELOPMENT CAPEX /
around 1 B$
SW
5 km
3
1
ZARAT FIELD FISAL
ZRT- 2/ZRT- 1/ZRTN - 1 S1- NC41
Working Petroleum Systems
4 reservoir levels with proven production in area
EXPLORATION : JOINT OIL BLOCKAVAILABLE DATA /
• AREA : 3000 SQ KM (741,000 ACRES)• WATER DEPTH : 80 – 120 M
SEISMIC /6 500 KM 2D / 1 900 KM² 3D
WELLS /Zohra-1 in 1976El Amal South-1 in 1999Besmah-1 in 2002El Amal North-1 in 2002
NE
5
4 3 2 1
EL AMAL ISIS FIELD
1 - Top Ypresian2 - Top Abiod3 - Near Santonian Unc.4 - Top Cenomanian5 - Deep Horizon
ISIS - 1ZHR - 1EAS - 1
Potential up to 1 Tscf and 350 MMbbls (6 identified prospects)
Geological POS ranging from 15% to 35%
PHYSICAL DATAROOM
Technical and Contractual Data available for reviewDetailed information & Contact form available on :
Jointoilblock-zarat.com