ITALY
OMBRINA MARE
Ombrina Mare Concession (100%), offshore
- Ombrina Mare 1 oil & gas discovery successfully appraised by OBM2 and OBM2-dir wells in June 2008
- Flow test from OBM2-Dir horizontal drain proved approximately 1,000 bpd
- Certified P1 & P2 Oil Reserves 40MMbbls
- Certified P1 & P2 Gas Reserves 6.5Bcf
- Contingent Oil Resources 11 to 18MMbbls (Best to High case)
- Satellite oil prospects and gas levels in the Pliocene sand Complex under evaluation to be developed in conjunction with the main field
- "Ombrina oil field" - Reserves estimate and Certification 8th February 2010 by S.I.M.
| Ombrina Mare oil & gas field | |
|---|---|
| Country, Area: | Italy, Adriatic Sea (Abruzzo) |
| Ownership: | Medoilgas Italia (100% W.I.) |
| Well Count: | OBM-1 discovery well; OBM-2 + 2 dir appraisal wells (OBM2Dir completed as an oil producer) |
| Seismic Notes: | 2D & 3D Seismic data |
| HC: | Biogenic Gas and Oil (17-18° API) |
| Play Type: | Apula Carbonate platform (oil), Pliocene Clastics (gas) |
| Reservoir level/facies/age: | Oil: Oligocene-Miocene carbonates and cretaceous (bioplastic packstone/grainstone); Gas: Pliocene sands gas complex |
| Oil Target Depth: | 2100m tvdss |
| Reserves | Reserves | Reserves | Resources | |||
|---|---|---|---|---|---|---|
| P1 | P2 | 2P (P1+P2) | P3 | Contingent (best to high case) | Prospective (best to high case) | |
| Ombrina Mare Oil (MMbbls) | 12,220** | 28,018** | 40,240** | 11 to 18*°° | ||
| Ombrina Mare Gas (Bcf) | 6.5** | 2.9** | 2.8 to 3.43* | |||
| Other prospects Oil (MMbbls) | 10 to 20*°° | |||||
| Other prospects Gas (Bcf) | 4.0 to 8.0* | |||||
** Independent Certification by SIM
* Company calculation
*°° Company calculation, currently under review and re-assessment
Ombrina Mare’s offshore location is within the five mile boundary and may be subject to the very recent restrictions for the Italian offshore E&P activities insert in the Legislative Decree no. 128/2010. The company is completing independent legal advice on potential implications caused by the Decree to the Ombrina Mare project and it will also request clarification from the Italian authorities regarding the interpretation of the Decree in relation to this project. Following the technical approval of the FDP granted in 2009 and pending receipt of formal clarification regarding the above Decree, MOG plans to continue the current environmental assessment procedure, with the aim of completing this last step of the authorization process and securing the production concession. Evaluation of field development alternatives is ongoing.
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