The Opportunity
• Major new discovery
• Huge upside
• Plans for an aggressive appraisal
programme including an EPS
• Previous discovery on block
• Significant contingent resources
+huge upside (+500 MMBL PIIP)
• Appraisal and workover drilling
• Capacity to be a world class
producer on development
pp g
• Early production system (EPS)
being implemented
• Potential production of up to
10K/bopd within 12 months
Between the significant Gulf Keystone
Shaikan discovery and the Hillwood
Swara Tika-1 well (testing)
» Atrush gross oil column of over 700
meters
» 120 meters net matrix pay in the
Additional 140 Shaikan 2-7 BBO
ATRUSH
Major Discovery
Jurassic meters potential
net pay in Jurassic Butmah and
Cretaceous (logged with good oil shows)
» Atrush-1 tested over 6 200 (reported 15,000+
BOPD tests)
6,200 bopd (from
three Jurassic horizons, equipment
constrained). Engineering data indicates
potential for flow rates >15,000 bopd
Aggressive appraisal plans :
» Shoot 3D seismic and drill appraisal
well & to confirm reserves
» Considering Early Production System
and put field on long-term test
» Generate early cash flow
» Post-drill Reserves / Resource reports Atrush-1 Formation Test
in progress