MALTA OFFSHORE AREA 4

    (MOG 90% and Operator)

Vintage Seismic data

  • Different vintages 2D seismic data available
  • Fairly closed seismic grid
  • Seismic data quality from fair to moderate
  • 370sqkm of 3D seismic on Block 7

2007 ESA (Exploration Study Agreement) operations

  • 1,015km 2D new seismic infilling acquisition in May 2007
  • Processing of the new 2D seismic ended October 2007 (CGG contractor)
  • Re-processing of the 3D seismic ended November 2007 (CGG contractor)

2008 ESA Activity

  • Seismic interpretation and reinterpretation of vintage seismic

2008 – from ESA to PSC

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

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

 

Calibration wells:Tama-1, Medina Bank-1, Aqualta-, East Hanea
Seismic Data:
Reprocessed 3D seismic
Play type
 
Trap:
Structural (fault assisted 4-way dip closure)
Reservoir facies:
Carbonate ramp high-energy deposits (El Garia fm. Equivalent)
Age/Target:
Lower Eocene
Expected HC:
Oil
Water Depth:
~425m
Areal Extention:
3.6Sqkm
Volumetrics from RPS Study (Intisar Analogue):
 
Description from RPS Report: The Tarxien prospect is a 4-way dip closure, situated within the 3D area some 15km WSW of Tama-1, with direct access to the mature hydrocarbon kitchen.
Main Risk Factors;
Source Rock Precence & Maturity.
COS:20%