MALTA OFFSHORE AREA 4

    JV: MOG 90% and Operator (Lenigas 10%)

2008 – from ESA to PSC

  • Successful negotiations with Maltese Government of the PSC (Production Sharing Contract) 18 July 2008

Seismic data

  • 3600 km of vintage 2D seismic data available
  • 1.015 km 2D new seismic infilling acquired by MOG in May 2007
  • 370 km2 of 3D seismic on Block 7:
  • Re-processing of the 3D seismic ended November 2007 (CGG contractor)
  • Re-processing in Depth of the 3D seismic 2010 (CGG contractor)
    • average water depth: ≈ 500 m

Plays:

  • Lower Eocene:
    • bioclastic mounds and accumulations deposited on carbonate ramp and/or patch reefs
  • Upper Cretaceous:
    • bioclastic calcarenites and shelf margin carbonates
  • Main factor risk:
    • source rock presence and maturity

Prospective Inventory - Oil in Place

 Malta Blocks (100 per cent unrisked Basis)
Oil in PlaceLow Estimate (MMstb)Best Estimate (MMstb)High Estimate (MMstb)
Hagar Qim48241724
Skorba3271148
Tarxien153295499
Luzzu2872,4206,860
A3307561,560
B 113297671
C3901,6303,890
Total1,3535,71014,352

Prospective Inventory - Oil Prospective Resources

 Malta Blocks (100 per cent unrisked Basis)
Oil Prospective ResourcesLow Estimate (MMstb)Best Estimate (MMstb)High Estimate (MMstb)
Hagar Qim1158203
Skorba71843
Tarxien57115207
Luzzu666051,980
A74197470
B 2677200
C934051,111
Total3341,4754,214

 

 

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