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URUGUAY ROUND 3
Booth #1350
M. Eng. Santiago Ferro
Thursday, February 11, 2016
Houston, TX
A PLACE TO INVEST, WORK AND LIVE
URUGUAY
- NATIONAL OIL COMPANY
- HYDROCARBONS AGENCY
ANCAP
Source: Uruguay XXI
2D Dip seismic section of Punta del Este Basin
Neocomian Lacustrine Fan in half
graben.
Paleocene basin floor fan system
Paleocene Turbidites reworked by
contourite currents
2D Dip seismic section of Pelotas Basin
Early Cretaceous Carbonates in
horst with DHI
High Amplitude Upper Cretaceous
Turbidites
Miocene Turbidites with DHI
CONTRACTS IN PLACE EXPLORATORY WORK 2012 - 2015
39.000Km2 of 3D seismic
13.500Km2 of 3D EM
3.000Km of 2D seismic
250 seabed samples
39.000Km2 of 3D seismic
1 ½ years extension of exploration period of all contracts
in force offshore, due to downturn in upstream industry
WORLD RECORD WELL TO BE
SPUD IN MARCH 2016 (3411m
WATER DEPTH)
Source: Total Investors’ Day – September 2015
URUGUAY ROUND 3
MAP OF BLOCKS TO BE OFFERED
Map of Blocks is still a Draft until bidding round terms and contract model are officially approved by the Executive Branch.
Areas Type I: Shallow waters, up to 100m
Lower qualification requirements for oil companies
Areas Type III: Ultra-deep waters
Longer exploration periods
Higher cost recovery limits: 70% and 90% instead of
60% and 80% as for Areas Type I and II
Areas Type II: Deep waters, ranging from 100m up to
3500m
17 blocks
From 2.500 to 6.500Km2
Avg. Size: 4.380Km2
DATA AVAILABLE THROUGH MULTI-CLIENT AGREEMENTS
Spectrum: 10400Km of 2D seismic PGS: 15700Km2 of 3D seismic ION: 2800Km of 2D seismic
Other MC agreemens, paperwork
in progress:
• TGS: sísmica 2D
• TGS: well logs
• ION: reprocessing of 7000Km
of 2D seismic
• ION: 3D seismic
Robertson: 2 geological reports
FIT: Fluid Inclusions Study of Lobo
and Gaviotin wells
Schlumberger: Advanced
Interpretation Data Package
EMGS: 3D CSEM (not acquired
yet)
www.rondauruguay.gub.uy or
http://exploracionyproduccion.ancap.com.uy/
WEB PAGE
• Geological information about Uruguayan
offshore and onshore basins
• Available E&P database
• Bidding round terms
• Map of offered areas
• Contract Model
• FAQs
• Contact information
• Videos and presentations
MAIN FEATURES OF TERMS AND CONTRACTS
• Definitive bidding round terms and contract model available since
the official announcement
• Very similar to those applied in Uruguay Round II: PSC, biddable
items: profit oil sharing, ANCAP’s association and committed
exploratory program
• Qualification of Oil Companies regarding legal, financial and
technical documentation
• Licensing multiclient or ANCAP’s data is not mandatory but will
count as working units
• Some blocks can be awarded by just licensing existing data
Offshore / drilling uruguay round 3 presentation 2016 v3

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Offshore / drilling uruguay round 3 presentation 2016 v3

  • 1. URUGUAY ROUND 3 Booth #1350 M. Eng. Santiago Ferro Thursday, February 11, 2016 Houston, TX
  • 2. A PLACE TO INVEST, WORK AND LIVE URUGUAY - NATIONAL OIL COMPANY - HYDROCARBONS AGENCY ANCAP Source: Uruguay XXI
  • 3. 2D Dip seismic section of Punta del Este Basin Neocomian Lacustrine Fan in half graben. Paleocene basin floor fan system Paleocene Turbidites reworked by contourite currents 2D Dip seismic section of Pelotas Basin Early Cretaceous Carbonates in horst with DHI High Amplitude Upper Cretaceous Turbidites Miocene Turbidites with DHI
  • 4. CONTRACTS IN PLACE EXPLORATORY WORK 2012 - 2015 39.000Km2 of 3D seismic 13.500Km2 of 3D EM 3.000Km of 2D seismic 250 seabed samples 39.000Km2 of 3D seismic 1 ½ years extension of exploration period of all contracts in force offshore, due to downturn in upstream industry
  • 5. WORLD RECORD WELL TO BE SPUD IN MARCH 2016 (3411m WATER DEPTH) Source: Total Investors’ Day – September 2015
  • 6. URUGUAY ROUND 3 MAP OF BLOCKS TO BE OFFERED Map of Blocks is still a Draft until bidding round terms and contract model are officially approved by the Executive Branch. Areas Type I: Shallow waters, up to 100m Lower qualification requirements for oil companies Areas Type III: Ultra-deep waters Longer exploration periods Higher cost recovery limits: 70% and 90% instead of 60% and 80% as for Areas Type I and II Areas Type II: Deep waters, ranging from 100m up to 3500m 17 blocks From 2.500 to 6.500Km2 Avg. Size: 4.380Km2
  • 7. DATA AVAILABLE THROUGH MULTI-CLIENT AGREEMENTS Spectrum: 10400Km of 2D seismic PGS: 15700Km2 of 3D seismic ION: 2800Km of 2D seismic Other MC agreemens, paperwork in progress: • TGS: sísmica 2D • TGS: well logs • ION: reprocessing of 7000Km of 2D seismic • ION: 3D seismic Robertson: 2 geological reports FIT: Fluid Inclusions Study of Lobo and Gaviotin wells Schlumberger: Advanced Interpretation Data Package EMGS: 3D CSEM (not acquired yet)
  • 8. www.rondauruguay.gub.uy or http://exploracionyproduccion.ancap.com.uy/ WEB PAGE • Geological information about Uruguayan offshore and onshore basins • Available E&P database • Bidding round terms • Map of offered areas • Contract Model • FAQs • Contact information • Videos and presentations
  • 9. MAIN FEATURES OF TERMS AND CONTRACTS • Definitive bidding round terms and contract model available since the official announcement • Very similar to those applied in Uruguay Round II: PSC, biddable items: profit oil sharing, ANCAP’s association and committed exploratory program • Qualification of Oil Companies regarding legal, financial and technical documentation • Licensing multiclient or ANCAP’s data is not mandatory but will count as working units • Some blocks can be awarded by just licensing existing data