一、Maten Petroleum
1、Project Profile
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The major assets of Maten Company fall on the three oilfield blocks in production in Pre-Caspian Basin of Kazakhstan, including Kara-Arna Oilfield, Kolkama East Oilfield and Matin Oilfield. Kara-Arna Oilfield and Kolkama East Oilfield are very close to Tengiz, a world’s famous oilfield; Matin Oilfield is only 11 kilometers away from North Zholdbai, which is the national oil and gas company of Kazakhstan and the main block of KMG Company. The project area is featured by sound geological conditions and completed pipe network facilities.
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Pre-Caspian Basin, where the block is located, is one of the internationally recognized regions with rich accumulation of oil and gas but low degree of exploration and development. At present, the three oilfields of Maten Company have entered into the development phase with stable production: the annual output exceeds 500,000 tons and the remaining reserves are about 10 million tons.
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With the deepening of the exploration work, the reserves of the three oilfields of Maten Project have obtained a sustainable growth in recent years; moreover, the proved potential reserves of the pre-salt block will further enhance the economic value of Maten Project.
2、Investment highlights
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Excellent return on investment: investing 525 million USD, Geo-jade Petroleum has a healthy financial status at the moment with a net profit margin exceeding 30%. At present, the net profit of the project in 2013 exceeded 100 million USD.
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Obvious potential for output increase: since June 2014 when the project was delivered, the team of Geo-jade Petroleum comprehensively improve the recovery efficiency, by which the output of the experimental single well was increased from more than 10 tons per day to more than 90 tons per day, and 15 million barrels of reserves were newly proved; the recoverable reserves were increased by 25%; a potential oil layer was found, which was excepted to have a resource quantity of 70 million barrels; meanwhile, it was expected to contribute another recoverable reserves of 15 million barrels.
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Huge potential for reserve extension: the three oilfields of Maten possess the huge potential for extension and pre-salt exploration. The mining area with rights and interests of Mating Oilfield is planned to be 3 times expanded, which is expected to be completed by the end of the year; the pre-salt exploration increase scheme for kala Oilfield is expected to be started in the middle of 2015.
二、KoZhaN JSC
1、Project Overview
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As the operator, KoZhaN LLP enjoys the 100% rights and interests to the 3 exploration blocks of Pre-Caspian basin, most of which has transferred into the production stage in 2015 through the implementation of exploration in recent years.
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Project asset includes several oil fields of Pre-Caspian basin which are now in the exploration and development stage. The main reservoir of Morskoe basin covers a structure area of 27 square kilometers. Dauletaly has the exploration right area of 135 square kilometers and the Karatal trap area of 6.9 square kilometers.
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Owning 41 wells (30 in production), the block’s average daily production is nearly 3000 barrels and cumulative production 4.64 million barrels. In the first half of 2014, the output is high up to 500 tons (3500 barrels per day), which is equivalent to the annual output of 150,000 tons crude oil (1.05 million barrels per year). Due to the rising of production capacity, it is expected to peak in 2017-2018 with the production of 0.6-0.7 million tons per year.
2、Investment highlights
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Workable recoverable reserves, perfect ground facilities. Entered into the development stage, three contracts can directly contribute the stable production and cash flow to the company after the completion of the delivery.
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Favorable geological conditions, expectable exploration potential. KoZhaN LLP asset is located on the edge of Pre-Caspian basin and northeastern Caspian sea, where is the favorable oil and gas distribution area. Clastic rock reservoir is of better property including porosity of about 30%, oil saturation 70% and porosity 700-1000MD. With the deepening of exploration, both the understanding of reservoir distribution and the reserve scale are gradually promoted.
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Beneficial transportation locational conditions. The transportation at Dauletaly block is very convenient, where has the oil pipeline connection and is close to the planned pipeline. Moreover, the block is near the Marten project which is beneficial to the coordinated management and unified planning of the exploration and development plan.
三、North Caspian Petroleum
1、Project Profile
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The North Caspian Sea Project has five blocks in total with a total area of 9,867 square kilometers.
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Three of the five blocks are located in Pre-Caspian Basin of Kazakhstan richest in oil and gas accumulation and the rest two are respectively located in Ustyurt Basin and Mangyshlak Basin of Kazakhstan also rich in oil and gas accumulation.
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In 2009, Balykshi9 well received important exploration results: based on the results of test carried out during the test period from April 20, 2009 to July 20, 2009, when 805.89 cubic meters of oil were exploited in total, the potential output of crude oil could reach 208.13 cubic meters.
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An oilfield of Russia, which was largest over the 30 years of Russia, was found near the block in Russia.
2、Investment highlights
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Huge area: the total area of the five blocks is nearly ten thousand square kilometers, which provides a number of favorable target areas for the successful exploration;
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Rich oil and gas accumulation: the three basins where the blocks are located are the ones of Kazakhstan richest in oil and gas accumulation; there are many oilfields in the basins, even including several world’s largest oilfields, which indicate the sound prospect of the block exploration;
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Detected discoveries: among the five blocks, many areas have been identified with the oil & gas discoveries and even the oil & gas showings, which have laid good economic benefits for the exploration work.
四、Sozak Oil & Gas
1、Project Overview
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The block is located in the Kokpansor Depression of Chu-Sarysu Basin in South Kazakhstan,the center of this block is 145km away from West?to?East?C Pipeline.
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Geo-jade’s controlling shareholder acquired 100% of Sozak in 2013. Geojade Petroleum as the technical and management consulting services provider now is comprehensively operating the project and having the priority of acquiring the project.
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Current total area of the Sozak block has reached 18,700 Km2, the exploration right is granted vertically from the surface to the basement.
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At present, Sozak has 1 exploration license, 1 approved reserve report for one of the enclaves, 1 reserve report for the whole block prepared by GCA (Gaffney, Cline & Associates), and the approval by the MOG for appraising the block.
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GCA reports that 3C recoverable resource is 18.22 TCF(516B m3)(excluding the enclaves).
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56 wells drilled in this block. Among Carboniferous wells, highest single well daily production record is 90x104 m3 ; and that for Devonian wells is 163x104 m3.
2、Investment highlights
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Super thick, continuous type gas deposit, shallow burial depths.
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Total identified favorable gas bearing zone reaches 3000 Km2. Vertically, there exists many sets of gas bearing zones. The total resources/reserves in this block reach above 2.32T m3 . C type recoverable resources of 18.22TCF will be converted into P type reserve after pipeline transportation agreements and sales agreement signed.
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The results of two newly drilled wells in Carboniferous deposit are inspiring: gas zone with100m thickness proved by both wells. Average daily production is 3x105m3 according to PRDS-18’s flaring test.
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West to East Gas Pipeline West?to?East?C Pipeline(Bozoy-shymkent) with a total length of 1143km and the gas pressure of 9.8MPa has already been in operation since August 12, 2014. Its capacity will be increased to 10B m3 per year when the compressor station in Kyzlorda is completed. It will facilitate the natural gas transportation when production is launched, meeting the huge demand in China market.