New base special 23 october 2014

Copyright © 2014 NewBase www.hawkenergy.net Edited by Khaled Al Awadi – Energy Consultant All rights reserved. No part of this publication may be reproduced,
redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained
in this publication. However, no warranty is given to the accuracy of its content . Page 1
NewBase 23 October 2014 Khaled Al Awadi
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE
BP Middle East inaugurates new regional HQ in Dubai
(WAM) + NewBase
BP Middle East on Wednesday inaugurated its new regional HQ in Dubai under the patronage of
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of
Dubai Civil Aviation Authority, Chairman of Emirates Group,
and Chairman of Dubai Supreme Council of Energy, DSCE.
Bob Dudley, BP Group Chief Executive, inaugurated the
office in the presence of H.H. Sheikh Ahmed bin Saeed
and Philip Parham, British Ambassador to the U.A.E.,
attended the opening ceremony.
BP's regional HQ in Dubai is responsible for the group's sales
in more than 20 countries. BP has been present in Middle East
for more than 100 years and employs 176 staff in Dubai office.
Air BP is one of the main suppliers of aviation fuel and
lubricants to the region’s airlines.
BP has been working in the Middle East for
over a hundred years, going back to the
foundation of the Anglo-Persian Oil
Company in 1909 . With its upstream
activities in Abu Dhabi and our
downstream business managed from
Dubai, the United Arab Emirates is an
important hub for BP’s operations across
the Middle East. BP’s relationship with the
United Arab Emirates goes back to the
early 1930s, when Air BP established a
refuelling depot in Sharjah to serve the first
airplanes en route from the UK to India.The
head office for our regional upstream
activities is in Abu Dhabi.

Qatar accounts for 45pc Mideast outbound M&A
The Peninsula +e NewBase
Qatar’s overseas acquisitions accounted for 45 percent of Middle Eastern outbound Mergers and
Acquisitions (M&A) activity during the first nine months of 2014. The acquisitions by UAE and
Saudi Arabian companies accounted for 25 percent and 22 percent, respectively, a top market
expert noted yesterday.
Commenting on Thomson Reuters’ quarterly investment
banking analysis for the Middle East region released
yesterday Nadim Najjar, Managing Director, Middle East &
North Africa, Thomson Reuters said: “Despite the quarterly
downturn, M&A during the first nine months of 2014
increased 2 percent from the same period last year to
$29.9bn. Domestic and inter-Middle Eastern M&A declined
44 percent to $8.3bn during the first nine months. Inbound
M&A also declined, falling 7 percent to $5bn. Outbound M&A
drove activity, up 67 percent from this time last year to reach $10.7bn, the highest first nine month
total since 2011”.
In respect to the M&A activity, the value of announced M&A transactions with any Middle Eastern
involvement reached $11.8bn during the third quarter of 2014, an 18 percent decline from the
value registered during the previous quarter.
During the first nine months of 2014, Middle Eastern investment banking fees fell 60 percent less
than the value recorded during the previous quarter, according to estimates from Thomson
Reuters/Freeman. Najjar said: “Middle Eastern equity and equity-related issuance during the first
nine months of 2014 totalled $5.1bn, a 43 percent increase in activity from the same period in
2013.”
Middle Eastern debt issuance reached $6.3bn during the third quarter of 2014, down 68 percent
from the record-breaking second quarter total of $19.7bn. Boosted by the strong second quarter,
bonds issued so far during 2014 increased 5 percent from the same period last year, to $32.8bn.
Despite the quarterly downturn, fees earned so far during 2014 saw a slight uptick from last year,

from $631.7m during the first nine months of 2013 to $633.1m, marking the best first nine months
for Middle Eastern fees since 2008.
Equity capital markets (ECM) underwriting fees totalled $134.5m, up 183 percent from the same
period last year ($47.5m), and marking the best first nine month total for ECM fees in the Middle
East since 2009. ECM fees accounted for 21 percent of the fee pool. Fees from completed M&A
transactions totalled $143.9m, down 14 percent from the same period in 2013 and accounting for
23 percent of this year’s overall Middle Eastern fee pool. Fees from debt capital markets
underwriting declined 20 percent year-on-year to $95.3m, while syndicated lending fees fell 13
percent to 259.4m.
HSBC earned the most investment banking fees in the Middle East during the first nine months of
2014, a total of $38.3m for a 6.1 percent share of the total fee pool. Lazard topped the Middle
Eastern completed M&A fee league table, while Qatar National Bank (QNB) was first in the ECM
underwriting fee rankings. HSBC and Mizuho Financial Group took the top spots in the Middle
Eastern DCM and loans fee rankings, respectively.
Commenting on the ECM activity during the first nine months of 2014, Najjar pointed out that eight
initial public offerings raised $3.2bn and accounted for 62 percent of activity in the region. Follow-
on and convertible offerings accounted for 18 percent and 19 percent, respectively.
“Dubai’s Emaar Properties announced plans to list its shopping malls & retail subsidiary at the end
of September. The $1.6bn Emaar Malls Group IPO is the largest Middle Eastern IPO since Saudi
Arabian Mining Co (Ma’aden) raised $2.5bn from its debut on the Saudi stock exchange in 2008.
Qatar National Bank took first place in the Q3, 2014 Middle Eastern ECM ranking,” he added.
Speaking about debt capital markets, Najjar pointed out that the investment grade corporate debt
totalled $29.1bn and accounted for 89 percent of the first nine month total. The United Arab
Emirates was the most active nation accounting for 45 percent of activity, followed by Saudi
Arabia with 34 percent. International Islamic debt issuance increased 48 percent year-on-year to
reach $29.9bn.

Oil & Gas sector plays key role in Oman’s economy
BY: OMAN TIMES NEWS
Oman's oil and gas sector will have to play an increasingly prominent role in addressing some of
the Sultanate's most pressing challenges including creating greater In-Country Value (ICV),
supporting the development of small and medium enterprises (SMEs), and fostering innovation
and human resource development as part of a broader strategy to transform the country from a
hydrocarbon-based economy into a sustainable, knowledge-based one
With oil and gas production
accounting for about half of
Oman's gross domestic product
(GDP), the energy sector plays
a crucial role in the Sultanate,
not only as a source of
government revenue but also
as an employer of Omanis and
a provider of knowhow and
technology.
At this year's Oman Energy
Forum, held in Muscat on
Tuesday, under the theme
'Oman 2014: Global ambitions,
critical local challenges', local
and international oil and gas
experts debated ways of tackling the challenges the Sultanate is confronted with
"Given the oil and gas sector's size and weight in the local economy, it will have to be at the
forefront of tackling the challenges we are facing today, and we're proud to be the title partner at
the 2nd Gulf Intelligence Oman Energy Forum," said Eng. Isam Al Zadjali, chief executive officer
of Oman Oil Company
"It is critical to address the issues of In Country Value (ICV), human capital, innovation and small
and medium enterprises (SMEs) with a sense of urgency as the country moves ahead with the
implementation of its development plans," he added. Oman's strategy for the oil and gas sector
aims at empowering all aspects of the domestic oil and gas supply chain, ranging from providing
technical assistance and expertise to small-scale local manufacturers to training people for jobs in
the energy sector, while also ensuring that operators give back to the community
At the same time, Oman will have to reassess future allocations of its domestic hydrocarbon
resources. The Sultanate will have to more than double domestic power generation capacity by
2020 if electricity demand continues to grow at the existing rate of about 10 per cent annually,
adding significant pressure on the Sultanate's already tight natural gas resources used to fire local
power stations and feed domestic industries such as petrochemicals
The rising energy demand presents Oman with a string of challenges. The Sultanate will have to
devise a long-term strategy to diversify its energy mix and add alternative power generation
sources. In addition, it must continue exploring options to secure reliable gas import channels,
while also having to decide on whether or not to let its liquefied natural gas (LNG) export
commitments expire in the next decade and forego on much needed revenues to save gas for
domestic power generation..

PetroMaroc makes “significant” gas find in Morocco
Energy Reporter, + NewBase
An independent oil and gas consulting firm has confirmed there is “significant” gas potential at the
Kechoula structure in Morocco. GLJ Petroleum consultants carried out the evaluation work for
PetroMaroc of the Undiscovered Petroleum Initially in Place (UPIIP)
Initial findings released by PetroMaroc have shown promising results in the Lower Liassic
reservoir which GLJ said was filled to “spill point”.The firm also said the “significant” natural gas
potential in the Kechoula structure indicated the economic potential of the Sidi Moktar license.
Sidewall core analysis of the reservoir intersected in the Kamar well shows reservoir properties
and visual porosities of between 13% to 20%.
Tom Feuchtwanger, president of PetroMaroc, said: “We are very pleased with the result of this
evaluation because it independently confirms that PetroMaroc has encountered a significant
accumulation of natural gas on the company’s Sidi Moktar exploration license in Morocco.
“We will now move ahead with plans for an appraisal and delineation program aimed at proving
the commerciality of this asset.”

Egypt Inks Oil, Gas Exploration Deal With Tharwa Petroleum
N.GasAsia + NewBase
The Egyptian petroleum ministry has signed an oil and gas exploration contract with local firm
Tharwa Petroleum Company.
As per the deal, the company will explore for oil and
gas in Western Desert. Also, the agreement stipulates
a minimum investment amount of $15 million in Abu
Sinan, an area near the border with Libya, Ahram
Online reported citing a statement on the ministry's
website.
The government has signed 36 similar deals since
November 2013, with an investment amount of $2
billon, said petroleum minister Sherif Ismail in the
statement. Ismail said 21 new exploration deals are
now being prepared with an additional $10 billion in
expected investment.
Thawra Petroleum was established in 2004 and is
owned by several government or government-related
entities including the petroleum ministry itself.
About Us Tharwa Petroleum
• Tharwa was established in 2004 as Egypt’s first joint stock Petroleum Company 100% nationally
owned, to execute an upstream operation with two main goals E&P and Petroleum Services.
• The company is an integrated corporation; with specialists who have the skills to operate our
business in both E&P and Petroleum Services, capable of delivering strong growth by identifying
and focusing on selected high value activities and securing optimum operating expenses, which
would create value for our shareholders investments.
• Tharwa initiated its activities in exploration in five concessions in the Mediterranean Sea and
Western Desert of Egypt. In year 2006 two more exploration Concessions were acquired through
the international bid rounds.
• In the field of Petroleum Services Tharwa established Sino Tharwa Drilling Company in 2005, in
addition, two more service companies were established in 2007 (Tharwa-Breda and Egyptian
Production HH ) to cover onshore rigs manufacturing and oil and gas wellheads, x-tress and
different types of valves. The first discovery for Tharwa was “Thekah North-1” during 2006 in the
Mediterranean Sea.

Total names refining boss as new CEO
Reuters
French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to
succeed Christophe de Margerie who was killed in a
plane crash in Moscow this week.
Pouyanne, 51, head of refining, had been
considered as possible candidate to succeed de
Margerie in the past and has a reputation as a
shrewd cost-cutter. The world's fourth largest oil
company also named Thierry Desmarest, a former
Total CEO, as non-executive chairman. The
appointments came less than 48 hours after de
Margerie's death.
Desmarest, 68, also previously honorary chairman of
the oil group, will keep the chairman position until the end of 2015, after which the roles of CEO
and chairman will be combined, Total said in a statement following an emergency board meeting.
De Margerie was both chairman and CEO.
Total's choice of a man from the downstream business comes just over a year after rival Royal
Dutch Shell elevated Ben van Beurden, who formerly headed the Anglo-Dutch group's refining
arm, to become chief executive.
"Being in the downstream gives you more of a feel for costs, which is the big focus of the industry
at the moment, whereas in the upstream you get a bit carried away sometimes, it's kind of sexy,"
Iain Reid, a BMO analyst in London, said. "In the downstream it's more about manufacturing and
hard work - that's what these big oil companies need at the moment."
Under pressure from shareholders, major oil companies have sought to cut capital expenditure
swollen during the years of high oil prices. Total initiated a "soft landing" in capex last year and
unveiled a plan to cut operating costs last September.
Pouyanne had a major role in merging Total's loss-making "downstream" refining and
petrochemical businesses, a shake-up designed to counter declining European gasoline demand
and bring $650 million in extra cash per year from 2015.
Analysts said Pouyanne's success in creating synergies and cutting costs in the refining arm could
be used as a template for the rest of the group. Desmarest's experience will prove useful in
revamping the group's exploration business, after the failure of a so-called "high-risk, high-reward"
strategy launched in 2011 which consumed more than $10 billion but delivered no major oil
discoveries. "It's no secret that Christophe de Margerie did not succeed in its costly transformation
of the exploration division," John Plassard, deputy head of Mirabaud Securities, said.
Pouyanne will face a politically sensitive situation in France, where he told unions earlier this year
that Total would seek to cut capacity among its five refineries, with more details about the plan
expected next spring. The company will be hoping to avoid a repeat of its problems in 2010 when
Total's decision to close down the Dunkirk refinery prompted weeks of strikes by angry unions and
disrupted French oil supplies.

Thailand plans Feb auction of 29 petroleum concessions
Source: Reuters + NewBase
Thailand plans to kick off a new auction round next February for petroleum concessions on 29
onshore and offshore blocks in its effort to secure energy supplies, a senior energy ministry
official said on Wednesday. The country, which uses natural gas to generate nearly 70 percent of
its power, has been struggling to secure long-term supplies as growth in output and reserve
replacement have not kept pace with demand.
The February auction round,
the 21st, will be the first since
2007, with a domestic political
crisis partly responsible for the
interruption in auctions.
Interested investors must
submit proposals by Feb. 18
next year, Kurujit Nakornthap,
deputy permanent secretary of
the energy ministry, said in a
statement. Of the 29 blocks up
for auction, six are offshore, in
the Gulf of Thailand, and 23
are onshore, mostly in the
northeast. The statement did
not say when the winners will
be announced.
The blocks on offer will allow
Thailand to tap an estimated
volume of 1 to 5 trillion cubic
feet of natural gas and 20 to 50
million barrels of crude oil, the
ministry said. Thailand, a net
importer of crude oil, produced
241,000 barrels per day (bpd)
of crude and condensate and
imported 868,000 barrels per
day in 2013. It had daily
natural gas supplies of 5,055
million cubic, a fifth of which
were imported, official figures
show.
Policymakers in the energy
ministry are also considering whether to extend existing petroleum concession contracts due to
expire in the next eight years. These include agreements held by Thailand's PTT Exploration and
Production and Chevron.
The military government, which has launched reforms to restructure domestic fuel prices to better
reflect actual costs, plans to wrap up details of all energy prices by the end of this year, the
ministry's permanent secretary, Areepong Bhoocha-oom, told reporters.

Myanmar, Cambodia to push oil and gas business
Gulf Times + NewBase
The two Southeast Asian nations of Myanmar and Cambodia are expanding their hydrocarbon
production in an effort to capitalise on ever-rising domestic and regional demand. The Myanmar
government announced last
week that it will let international
investors bid for 15 additional
offshore oil exploration blocks
by the end of next year, a move
that comes after the earlier
release of 40 blocks that have
already been awarded to big
international players like
Chevron, Shell, Eni, Statoil and
Total.
All in all, Myanmar has about 80
oil and gas blocks to exploit on
its territory.
Crude oil production in
Myanmar is currently limited at
around 21,000 bpd, which is
insufficient to meet domestic
demand, leaving the country in
the role of a net oil importer.
Output is supposed to increase
significantly with the help of
foreign investors, and Thailand’s
Thai Oil has additionally
expressed interest in building a large refinery that could improve Myanmar’s limited refining
capacity.
Apart from crude oil, the country has sizeable offshore natural gas reserves and is currently
producing more than 400bn cu ft per day, of which around 70% is exported to Thailand and most
of the rest to China, while Myanmar itself relies on hydropower to meet domestic energy demand.
However, with the new explorations, Myanmar says it will first focus its policy on servicing the
domestic market, rather than on export. Proceeds from oil and gas sales to foreign countries will
be used for domestic development programmes, officials said.
“Our expectations are high to discover more oil and gas. So it will contribute a lot to the Myanmar
people,” said Than Min, director of planning department of state-owned Myanma Oil and Gas
Enterprise, the country’s national oil and gas company.

Myanmar has been liberalising its oil and gas industry starting from 2011 and began holding
licensing rounds for international investors. Reforms of the foreign direct investment law provided
greater revenue incentives for international company investments since 2012. The result was that
the oil and gas sector grew to Myanmar’s second largest target of foreign direct investment
behind manufacturing and ahead of the telecom and tourism industries. This year, investments in
oil and gas exploration amounted to more than $15bn, or around 30% of Myanmar’ total foreign
investments. Adding to that are infrastructure investments in oil terminals and pipelines as
Myanmar also wants to position itself as an oil and gas trade hub between the Middle East and
China.
Cambodia is also pushing oil production with a recent deal that saw Singapore-based oil explorer
KrisEnergy take over a large offshore oil block in the Gulf of Thailand from Chevron which has
been in limbo for years because Chevron failed to reach a deal with the Cambodian government
over extraction.
KrisEnergy is now devoted to “launch Cambodia as an oil producing nation,” as its executive
director Richard Lorentz put it. Apart from its offshore oil field, Cambodia also has 17 onshore oil
blocks where Japanese and South Korean investors have shown interest in exploration.

BP selects two Consortiums for Tangguh LNG expansion
Source BP + NewBase
BP Group has awarded the onshore Front End Engineering and Design for the $12 billion
Tangguh Expansion Project (Train 3), to two consortiums. One consortium comprises Tripatra
Engineers and Constructors, Tripatra Engineering, Chiyoda International Indonesia,
Saipem Indonesia, Suluh Ardhi Engineering and Chiyoda Corporation, while the second
consortium is formed by Rekayasa Industri, JGC Corporation, KBR Indonesia and JGC
Indonesia.
“Train 3 will build on the safe and reliable
operations of the two existing liquefaction trains at
the Tangguh site, which is located in Teluk Bintuni
Regency in Papua Barat province of Indonesia,”
BP said in a statement.
The project will add 3.8 million tonnes per annum
(mtpa) liquefaction capacity to Tangguh, bringing
total capacity to 11.4 mtpa.
In addition to the award of the onshore FEED, BP
and the Tangguh Partners signed a sales and
purchase agreement with Indonesia’s state owned
electricity company PT. PLN (Persero) to supply up to 1.5 million tons of LNG each year from
2015 to 2033. Supply will initially be provided from Tangguh’s existing two LNG trains.
The agreement commits 40% of annual production from Train 3 to the domestic market.
“The awarding of the onshore FEED contracts and signing of the sales and purchase agreement
with PLN are major accomplishments, which demonstrate progress for the Tangguh Expansion
Project. The Train 3 Project will deliver significant value, including much needed energy to
Indonesia,” saidBob Dudley, BP Group Chief Executive while visiting Jakarta.
The onshore FEED is planned for 12 months, with scope covering the new LNG Train, LNG jetty
and associated infrastructure. Further regulatory and partner approvals are required before the
final investment decision, BP said .

Japan continues to import record LNG volumes
Source : EIA
Japan’s imports of LNG remained at a near-record average of 11.85 billion cubic feet a day (Bcf/d)
in the first eight months of 2014, according to recently released trade statistics from Japan’s
Ministry of Finance.
Increased LNG imports are occurring amid continued shutdowns of nuclear power plants following
the March 2011 disaster at the Fukushima Daiichi nuclear power plant and the subsequent
increased use of fossil fuels in power generation. Higher levels of LNG imports in 2014 are
underpinned by continuous growth in gas-fired power generation, the ready availability of spot
LNG supply because of weak demand in Europe and Asia (particularly in South Korea) and lower
short-term prices, the U.S. EIA said in a report.
Higher consumption of fossil fuels for power generation following the nuclear meltdown
contributed to already high energy costs and led to record trade deficits. Japanese utilities have
been reducing the share of crude oil and heavy fuel oil in the power generation mix, while
increasing coal consumption with the start-up of new coal-fired plants. In 2013, coal consumption
for power generation increased by 16% over 2012, and reached a record 40 million tons in the first
eight months of 2014. LNG consumption also remains at near-record levels, supported by more
than 2.5 GW of new gas-fired power generating capacity commissioned in 2014 and a growing
demand in the industrial sector driven by oil-to-gas substitution.
At present, all of Japan’s 48 nuclear reactors (which generated 34% of the country’s power in
2010) remain offline, and the timeline for their restarts remains uncertain. Last month, Japan’s
Nuclear Regulation Authority approved a safety report of two reactors—Kyushu Electric Power
Company’s Sendai reactors No. 1 and 2—bringing them a step closer to a restart in the next few
months. However, strict safety standards for nuclear plant restarts combined with strong public
opposition to nuclear power may delay the restarts of the plants.

Since 2012, the increase in Japan’s LNG consumption has averaged around 2.3 Bcf/d compared
with 2010. That increase is nearly equal to the total LNG import volume of the world’s third-largest
LNG importer, China, which imported 2.5 Bcf/d in 2013. The incremental supply to accommodate
Japan’s increase was diverted primarily from Europe, where LNG consumption declined by 4.1
Bcf/d (48%) in 2013 compared with 2010. Increased use of existing liquefaction capacity,
particularly in Qatar and Australia, also contributed to the incremental supply.
Additionally, the commissioning of the Papua New Guinea liquefaction plant in May, which
coincided with lower demand in Europe, contributed to more spot supply available to Asian
buyers.
In South Korea, warmer-than-average winter temperatures and near-full storage levels going into
summer prompted the Korean Gas Corporation to seek buyers or swap partners for 20-40 cargos
to manage lower-than-expected demand. Reduced competition from South Korea increased
supply and reduced prices in Asia Pacific markets.
These factors contributed to lower average LNG import prices in Japan in the second half of the
year, and were coupled with higher LNG import volumes. Japan’s spot LNG prices averaged
$13.77/MMBtu in June-August and declined to $11.30/MMBtu in September. While Japanese spot
prices have been trending lower in the second half of 2014, they still remain significantly above
natural gas prices in other regions.

UK: Europa Oil & Gas granted planning approval for Kiln Lane well, onshore
Source: Europa Oil & Gas
Europa Oil & Gas has announced that its proposal to drill theKiln Lane conventional exploration
well on licence PEDL 181 in East Lincolnshire has been approved by the Planning Committee at
a meeting held Wednesday at Grimsby town hall. The approval is subject to the signing of a
Section 106 agreement which is currently being finalised. Europa holds a 50% interest and is
operator of PEDL 181 which covers 540 sq km of a known oil producing region.
Europa's CEO, Hugh Mackay said:
'Planning approval is an important step and, subject to the granting of an Environmental Agency
permit in a timely manner, we remain on course to commence operations at Kiln Lane by year
end.
We are keen to drill a conventional well at Kiln Lane not only because we estimate it holds gross
prospective resources of 2.9 mmbo and has a one in three chance of success, but also because
it is located on a large undrilled licence. Success would open up a new conventional oil and gas
play and in the process de-risk additional leads identified.
Kiln Lane will be our second UK onshore well this year and closely follows Wressle where
operations are due to commence in November to test over 30 metres of potential hydrocarbon
pay in three main intervals. I look forward to providing further updates, as we focus on
significantly increasing our existing production.'

Namibia: Chariot Oil & Gas to relinquish Northern Blocks 1811 A&B,
Source: Chariot Oil & Gas
Chariot Oil & Gashas announced that it has opted not to apply for a new exploration licence in
theNorthern Blocks 1811A&B, offshore Namibia, with the current licence due to lapse on the 26
October 2014.
The Chariot team has analysed significant amounts of proprietary seismic and well data, as well
as integrated information from third party drilling activity to study the possibility for long range
hydrocarbon migration to theZamba Prospect. This work, however, has not significantly de-
risked the prospect and,
given that a new licence
would entail significant
additional investment
both in capital and time,
management
considered it too high
risk to justify further
near term exploration
expenditure. Whilst
Chariot considers the
acreage to remain
prospective, this
decision was made in
line with the Company's
focus on portfolio
management and
capital discipline.
Larry Bottomley, CEO
commented:
'The goal of the
Company is to deliver
transformational growth
through the discovery of
material accumulations
of hydrocarbons.
Exploration is a risk
business, and managing
this risk will be key to
our success. It is for this reason that Chariot views its fast follower positioning as crucial to its
strategy, as this allows the Company to make informed decisions from an optimised knowledge
base. Furthermore, with the diversity we now have in our portfolio, Chariot can manage its assets
in terms of risk and their associated fit within the aspiration of zero cost exploration. The
Company will continue with this strict capital discipline and build on its asset base in order to
maintain this optionality and generateopportunities for a sustainable drilling campaign.
Namibia continues to be a key focus for Chariot as we believe this region has the potential to be
a world-class hydrocarbon province. We remain excited about the prospectivity we see in our
recently re-awarded Central and Southern licences which we aim to further de-risk as we
progress with our exploration campaigns.'

Gabon: Shell announces Gabon deep-water gas discovery
Source: Shell + NewBAse
Shell has announced a frontier exploration discovery offshore Gabon, West Africa. The well
Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-
salt reservoir. Leopard-1 is located around 145 kms off the Gabonese coast, west of Gamba. It
was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners
are planning to undertake an appraisal programme to further determine the resource volumes.
'Shell has been exploring in Gabon for over 50 years. This latest deep water discovery is a
testament to the innovation of our explorers in pursuing new plays, and application of our global
sub-surface expertise,' said Andy Brown, Shell Upstream International Director. 'We are proud to
be sharing this success with CNOOC Limited, our partner in the licence.'
Leopard-1 was drilled in licence BCD10, operated by Shell(75%). Second partner in the venture
is CNOOC Limited(25%). This frontier discovery follows recent deep water exploration
successes in the heartlands for Shell Exploration in the Gulf of Mexico and Malaysia.
NewBase For discussion or further details on the news below you may contact us on +971504822502 , Dubai , UAE

Your partner in Energy Services
Khaled Malallah Al Awadi,
Energy Consultant
MSc. & BSc. Mechanical Engineering (HON), USA
ASME member since 1995
Emarat member since 1990
Mobile : +97150-4822502
khdmohd@hawkenergy.net
khdmohd@hotmail.com
Khaled Al Awadi is a UAE National with a totalKhaled Al Awadi is a UAE National with a totalKhaled Al Awadi is a UAE National with a totalKhaled Al Awadi is a UAE National with a total
of 24 yearsof 24 yearsof 24 yearsof 24 years of experof experof experof experience in theience in theience in theience in the Oil & GasOil & GasOil & GasOil & Gas
sector. Currently working as Technical Affairs Specialist forsector. Currently working as Technical Affairs Specialist forsector. Currently working as Technical Affairs Specialist forsector. Currently working as Technical Affairs Specialist for
Emirates General Petroleum Corp. “Emarat“ with externalEmirates General Petroleum Corp. “Emarat“ with externalEmirates General Petroleum Corp. “Emarat“ with externalEmirates General Petroleum Corp. “Emarat“ with external
voluntary Energy consultation for the GCC area via Hawkvoluntary Energy consultation for the GCC area via Hawkvoluntary Energy consultation for the GCC area via Hawkvoluntary Energy consultation for the GCC area via Hawk
Energy Service as a UAE operations base , Most of thEnergy Service as a UAE operations base , Most of thEnergy Service as a UAE operations base , Most of thEnergy Service as a UAE operations base , Most of theeee
experience were spent as the Gas Operations Manager inexperience were spent as the Gas Operations Manager inexperience were spent as the Gas Operations Manager inexperience were spent as the Gas Operations Manager in
Emarat , responsible for Emarat Gas Pipeline Network FacilityEmarat , responsible for Emarat Gas Pipeline Network FacilityEmarat , responsible for Emarat Gas Pipeline Network FacilityEmarat , responsible for Emarat Gas Pipeline Network Facility
& gas compressor stations . Through the years , he has& gas compressor stations . Through the years , he has& gas compressor stations . Through the years , he has& gas compressor stations . Through the years , he has
developed great experiences in the designing & constructingdeveloped great experiences in the designing & constructingdeveloped great experiences in the designing & constructingdeveloped great experiences in the designing & constructing of gas pipelines,of gas pipelines,of gas pipelines,of gas pipelines, gas metering & regulating stations and in thegas metering & regulating stations and in thegas metering & regulating stations and in thegas metering & regulating stations and in the
engineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenanceengineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenanceengineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenanceengineering of supply routes. Many years were spent drafting, & compiling gas transportation , operation & maintenance
agreements along with many MOUs for the local authorities. He has become a reference for magreements along with many MOUs for the local authorities. He has become a reference for magreements along with many MOUs for the local authorities. He has become a reference for magreements along with many MOUs for the local authorities. He has become a reference for many of the Oil & Gasany of the Oil & Gasany of the Oil & Gasany of the Oil & Gas
Conferences held in the UAE andConferences held in the UAE andConferences held in the UAE andConferences held in the UAE and Energy program broadcasted internationally , via GCC leading satellite Channels .Energy program broadcasted internationally , via GCC leading satellite Channels .Energy program broadcasted internationally , via GCC leading satellite Channels .Energy program broadcasted internationally , via GCC leading satellite Channels .
NewBase : For discussion or further details on the news above you may contact us on +971504822502 , Dubai , UAE
NewBase 23 October 2014 K. Al Awadi

New base special 23 october 2014

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (20)

Similar to New base special 23 october 2014

Similar to New base special 23 october 2014 (20)

More from Khaled Al Awadi

More from Khaled Al Awadi (20)

Recently uploaded

Recently uploaded (20)

New base special 23 october 2014