MALTA
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 Place | Low Estimate (MMstb) | Best Estimate (MMstb) | High Estimate (MMstb) |
| Hagar Qim | 48 | 241 | 724 |
| Skorba | 32 | 71 | 148 |
| Tarxien | 153 | 295 | 499 |
| Luzzu | 287 | 2,420 | 6,860 |
| A | 330 | 756 | 1,560 |
| B | 113 | 297 | 671 |
| C | 390 | 1,630 | 3,890 |
| Total | 1,353 | 5,710 | 14,352 |
Prospective Inventory - Oil Prospective Resources
| Malta Blocks (100 per cent unrisked Basis) | |||
|---|---|---|---|
| Oil Prospective Resources | Low Estimate (MMstb) | Best Estimate (MMstb) | High Estimate (MMstb) |
| Hagar Qim | 11 | 58 | 203 |
| Skorba | 7 | 18 | 43 |
| Tarxien | 57 | 115 | 207 |
| Luzzu | 66 | 605 | 1,980 |
| A | 74 | 197 | 470 |
| B | 26 | 77 | 200 |
| C | 93 | 405 | 1,111 |
| Total | 334 | 1,475 | 4,214 |
Click to enlarge images
