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1 AAPG 2015 DENVER CO SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR Centrale du Cap des Biches Station de Kabor Diam Niadio Est Gadiaga-2 Wy-1 PERMIS de THIES PERMIS de SEBIKHOTAN Légende : Champ pétrolier Gazoduc Gadiaga - Kabor (=4”) Gazoduc Kabor – Cap des Biches (=6”) Gazoduc Diam Niadio – Kabor (=3”) Lac Retba By R.Diallo Gunning Chief Geological Basin Petrosen
35

POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

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Page 1: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

1AAPG 2015 DENVER CO

SENEGAL BASINS

POTENTIAL & ACREAGE

THIES

BargnyRufisque

DAKARCentrale du

Cap des Biches

Station deKabor

Diam Niadio Est

Gadiaga-2

Wy-1

PERMIS de THIES

PERMIS de

SEBIKHOTAN

E

Légende :

Champ pétrolier

Gazoduc Gadiaga - Kabor (=4”)

Gazoduc Kabor – Cap des Biches (=6”)

Gazoduc Diam Niadio – Kabor (=3”)

Lac Retba

By R.Diallo Gunning

Chief Geological Basin

Petrosen

Page 2: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

2AAPG 2015 DENVER CO

SENEGAL

AREA : 196 192 KM2

POPULATION : ~12 000 000 pers

DENSITY: 51 h / Km2

GNP : $ 1110

Dakar

Page 3: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

3AAPG 2015 DENVER CO

REGIONAL SETTING

The Senegal Basin occupies the central

part of NW African coastal basin called the

MSGBC (Mauritania-Senegal-Guinea-Bissau

and Conakry Basin)

230 000 km² (90.000 Km² are offshore)

Mesozoic-Cenozoic Passive margin

Basin

overlying a Paleozoic basin

Two first wells drilled in deep

water on 2014

EXPLORATION HISTORY

150 Exploration Wells (1 well per

1533 km²)

Page 4: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

4AAPG 2015 DENVER CO

LITHOSTRATIGRAPHIC COLUMN OF

SENEGAL BASIN

Post-rift stage

Mid Jurassic-Actual

Syn-rift stage

Permian- Triassic- Early Jurassic

Pre-rift stage

Upper Proterozoic-Paleozoic

Archeen basement

Page 5: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

5AAPG 2015 DENVER CO

Ordovician sandstones : no primary porosity,

but very fractured, good secondary porosities having

excellent deliverability

Devonian sandstones : fine to coarse

grained, often oolithic with porosities ~ 15% - 20%.

Upper Devonian shales

Upper Tertiary shaly sequences

Lower Tertiary clastics and carbonates

Upper Cretaceous sands and shale sequences

Early Cretaceous sands and shale sequences

Jurassic –Early Cretaceous carbonate platform

fine grained fluvial clastic graben fill and

evaporitic beds

RESERVOIRS & SEALS

Page 6: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

6AAPG 2015 DENVER CO

Best source rocks

Cenomanian-Turonian

and secondary Albians

• in CM-7

Cenomanian level at 2608m with

TOC = 8.72 %

HI = 660 mg/g

• in CM-10

Turonian level at 2554 m with

TOC = 5.25 %

HI = 638 mg/g

Mesozoic-Cenozoic section

Well samples analysis

Page 7: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

7AAPG 2015 DENVER CO

Silurian shales :

best regional source rocksTOC ~ 1% - 3%

Ro ~ 0.95 - 1.3

Oil windows should occur

between 1850/2400 m to 3400/4000

m

Paleozoic section

Page 8: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

8AAPG 2015 DENVER CO

HYDROCARBON OCCURRENCES & PRODUCTION

Diamniadio field

Gadiaga field

Dome Flore & Gea

Sangomar Offshore Deep New

field discovered in 2014Sangomar Deep Field

Page 9: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

9AAPG 2015 DENVER CO

Flore & Gea fields

Sangomar Deep Field

Dome Flore and Gea field

Light Oil in Maastrichtian sandstone

Heavy Oil in Oligocene limestone

10-13° API (reserve estimated ~500 M

to 1 Bbl)

Oil shows in Miocene and Albian

sandstone

Page 10: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

10AAPG 2015 DENVER CO

F GP

Top

Neocomian

Lmst

CR

ET

AC

EO

US

TE

RT

IAR

YPLIO-RECENT

MIOCENE

OLIGOCENE

EOCENE

PALEOCENE

CAMPANIAN

MAASTRICHT.

SANTONIAN

TURONIAN

CENOMANIAN

ALBIAN

APTIAN

JUR

A

NEOCOMIAN

MALM

DOGGER

3D SEISMIC

PICKING

K 130

K 110

K 110 a

K 100

K 120

K 090

K 070

T 090

T 060

T 080

T 040

T 030

T 020

MIXED SYSTEMS

DELTAIC VS CARBONATE

PLATFORM

OPEN MARINE

CARBONATES

Aptian transgression

PROGR. CARB. PLATFORM

DELTAIC AND SHALLOW

MARINE CLASTICS

SLOPE DEPOSITS AND

CONFINED TURBIDITES

SLOPE DEPOSITS AND

CONFINED TURBIDITES

SHALLOW TO OPEN

MARINE

CARBONATES

Turonian transgressionSenonian

unc.

Lower

Miocene

unc.

Oligocene unc.

Upper

Miocene

unc.

Da

ka

r C

an

yo

n

TESTED

RESERVOIR

FIELD

(or Reference Well)

CHINGUETTI, THIOF, BANDA

PELICAN

DOME FLORE, DOME GEA

DIAM NADIO

GADIAGA

DKM 2, RF 2

FAUCON ? - FAN-1-SNE-1-TORTUE-1

JAMMAH 1 – FAN-1- SNE-1

DKM 2

RF 3 – FAN-1- SNE-1

SOURCE

VG

Ref.

Well

DSDP

367

CM 10

FAUC.

???

Oil

Condensate

Gas

EDISON 2008 Updated

Page 11: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

11AAPG 2015 DENVER CO

THIES

BargnyRufisque

DAKARCentrale du

Cap des Biches

Station deKabor

Diam Niadio Est

Gadiaga-2

Wy-1

PERMIS de THIES

PERMIS de

SEBIKHOTAN

E

Légende :

Champ pétrolier

Gazoduc Gadiaga - Kabor (=4”)

Gazoduc Kabor – Cap des Biches (=6”)

Gazoduc Diam Niadio – Kabor (=3”)

Lac Retba

PRODUCING FIELDS

GADIAGA – SADIARATOU Gas field

~ 274013500.6 Nm3 (10 BCF)

Producing gas and condensate since

2002

Oil shows

DIAMNIADIO Oil and Gas field

217 393033 Nm3 (7.6 BCF) from 1987 to

2000

62642 bbl light Oil 34° API in the 1980

35 692 bbl condensate

Page 12: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

12AAPG 2015 DENVER CO12

GAS NETWORK TRANSPORT

THIES

BargnyRufisque

DAKARCentrale du

Cap des Biches

Station deKabor

Diam Niadio Est

Gadiaga-2

Wy-1

PERMIS de THIES

PERMIS de

SEBIKHOTAN

E

Légende :

Champ pétrolier

Gazoduc Gadiaga - Kabor (=4”)

Gazoduc Kabor – Cap des Biches (=6”)

Gazoduc Diam Niadio – Kabor (=3”)

Lac Retba

Gadiaga field

Kabor storage and epuration station

Gas Turbine at Cap des Biches

- 34 km

- - 10 km

- - 9 km

Cement plant

Gazoduc Kabor – SOCOCIM (3’’1/4) 6 km

Page 13: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

13AAPG 2015 DENVER CO

SCHEMATIC PLAY CONCEPT IN DEEP-WATER SENEGAL MARGIN

Page 14: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

14AAPG 2015 DENVER CO

Licenses

8 offshore PSC

5 onshore PSC

11 Companies

4 blocks under

negotiation

1 open offshore block

3 open onshore block

CONTRACT AREAS

Page 15: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

15AAPG 2015 DENVER CO

REVIEW OF RECENT EXPLORATION ACTIVITIES

Page 16: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

16AAPG 2015 DENVER CO

SEBIKHOTANE

OPEN BLOC

Produced Oil, Gas and Condensate in

Diamniadio and Kabor fields from 1986 to 2000

Shallow reservoir in Maastrichtian

sandstone

Play Types: Roll Over, Rover Anticline

Potential in Deeper targets (Albian) non

explore yet

Main structural elements in the Area

Page 17: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

17AAPG 2015 DENVER CO

Two Gas producing fields (Gadiaga and

Sadiaratou)

Production 100 000 Nm3/d

Hydrocarbon potential in the deep

carbonate platform

A 2D seismic survey in 2015 planned

New Development and Exploration wells

planned

August 2014

DIENDER

Page 18: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

18AAPG 2015 DENVER CO

OPEN BLOC

Good seismic coverage (most recent 1200 km 2D

2004, 620 km2 in 2008)

Several leads and prospects identified (Ibis,

Flamingo, Fish Eagle, Vulture)

SAINT LOUIS OFFSHORE

CAYAR OFFSHORE

Petroleum Ltd

1363 km2 3D seismic in

2012

Several leads and

prospects identified

Play types: Shelf play, Slope

channel play, Base slope channel

plays, Counter Regional Fault Plays

Page 19: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

19AAPG 2015 DENVER CO

SAINT LOUIS and CAYAR OFFSHORE DEEP

4686 km2 3D seismic in St Louis Off. Deep in 2014

2793 km2 3D seismic in Cayar Off. Deep in 2014

high frequency aeromagnetic and satellite seep data

Play types: Cretaceous Slope/ channel, Turbidites wedges

Several leads and prospects identified

A well planned in 2015

Tortue-1 Exploration well is a significant Gas

discovery in Mauritania made by KOSMOS

with 107m (351 feet) of Net Pay in Lower

Cenomanian objective

Has open the outboard petroleum system in

Mauritania and in Northern Senegal

Tortue-1 drilled at 2700m water depth to test the

Tortue West prospect, it forms part of the Greater

Tortue Complex which extends into the St. Louis

Offshore Profond Block in Senegal, and include

the Tortue East and Tortue North prospects

60% 30% 10 %

Page 20: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

20AAPG 2015 DENVER CO

RUFISQUE OFFSHORE DEEP

26 Miles26 Miles

AFRICAN PETROLEUM Corp. (operator)

2088 km 2D & 1500 Km2 3D seismic

along with Gravity and Magnetic data

Play types: Tertiary slope channels,

Cretaceous turbidites wedges, and slope/

channels...

Many leads and prospects identified

Reprocessing and evaluation actually

Page 21: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

21AAPG 2015 DENVER CO

Three blocks granted to HUNT Oil 2004 cover

7490 km2 currently

FAR farm in 2006

2050 km 3D seismic in 2007

Play types: Cretaceous Carbonate shelf Margin, Slope fan...

Several leads and prospects identified

2007 FAR started promotion campaign looking for partners in drilling: Does Senegal Waters Conceal Elephants?2008 HUNT Oil farm out SHELL shut a seabed logging in 2009

AAPG in 2010: FAR – PETROSEN technical presentations got CONOCO PHILIPS contact CAIRN farm in 2013 followed by CONOCO PHILIPS

RUFISQUE OFFSHORE-SANGOMAR OFF. & SANGOMAR OFF. DEEP

Cairn 2014

40 % 10 %35 % 15 %

Page 22: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

22AAPG 2015 DENVER CO

located in 1,427m water depth and aprox. 100 km to

coast line

TD of 4,927 m and was targeting multiple stacked

deepwater fans

Preliminary analysis indicates:

29m of net oil bearing

reservoir in Cretaceous sandstones

Gross oil interval of more than 500m

No water contact was encountered in

Distinct oils types ranging from 28° API up to 41° API

from oil samples recovered to surface

Initial gross STOIIP estimates for the FAN-1 well range

from 250 mmbbls to more than 2,500 mmbbls (broadly in

line with pre-drill STOIIP estimates

Two Wells Drilled in 2014

in Sangomar Offshore Deep

FAN-1 is the first Oil discovery in Deep Offshore Senegal

FAN-1

Well

Page 23: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

23AAPG 2015 DENVER CO

SNE-1 WELL

located in 1,100 m (3,609 ft) water depth about 100 km (62 miles)

targeting Cretaceous clastics objective in the Shelf Edge Prospect.

Hydrocarbons of similar age to oil-bearing sands found about 24 km

(15 miles) away in FAN-1

Initial analysis of the SNE-1 well indicates:

a 95-m (312-ft) gross oil-bearing column with a gas cap;

excellent reservoir sands

net oil pay of 36 m (118 ft) of 32˚API from samples of gas, oil and water

recovered to surface.

Hydrocarbon in the The deeper target of

Lower Cretaceous shelf carbonates

Current activities evaluation FAN-1 & SNE-1are continuing

Three wells planned

SNE-1 is the second Oil discovery in Deep Offshore Senegal

Page 24: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

24AAPG 2015 DENVER CO

SENEGAL OFFSHORE SOUTH & SENEGAL OFF.SOUTH DEEP

is operated by HELENITO Senegal LLC

About 10 000km of 2D from1973 to 2001

8 wells

7 Salt Dome sub parallel to the coastline

along a narrow trend approximately 400 km

long and 30 km wide

Many leads and prospects identified

Tender for 3D survey currently

AFRICAN PETROLEUM

Corp.

3600 km2 3D in 2012

Interpretation finalized

Play concept: same than in deep

water Senegal

Many leads identified

2

4

Neocomian

Aptian

Albian

Jurassique

Triassic - Early Jurassic

Early

Senonian

Maastrichtian

Post-

Paleocene

Basement

1

2

4

3

5

6

7

8

0

km

(1) Salt Flank

Play

(2) Shelf Edge

Play

(3) Carbonate

Shelf Margin

(4) Shelf Edge

Onlap Wedge

(

1

)

1(

2

)

W E

(

4

)

0

10

km

-Paleocene

Campanian

(

3

)

CenomanianTuroni

an

Dept

h

SENEGAL OFFSHORE SOUTH DEEP

SENEGAL OFFSHORE SOUTH

Page 25: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

25AAPG 2015 DENVER CO

DJIFFERE OFFSHORE

TRACE Oil and Gas (REX Atlantic)

operator

3700 km2 3D seismic acquired in 2014

Interpretation currently

Page 26: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

26AAPG 2015 DENVER CO

Intracratonic basins

PALEOZOIC BASIN

Prospective area: East Meridian

16°

Acreage ~ 60000 km2

Two sub-basins East of Meridian

15°

Covers 4 blocs:

- Louga bloc

- Diourbel

- Saloum

- Senegal Onshore South

Page 27: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

27AAPG 2015 DENVER CO

PALEOZOIC BASIN

compressional system in the rest of the

Senegal basin

Extensional system in Senegal onshore South

Many leads identified

Page 28: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

28AAPG 2015 DENVER CO

LOUGA DIOURBEL

T5 OIL AND GAS

(BLACKSTAIR)

Gavity & Magnetic

survey

TENDER

Casamance Oil &

Gas

ONSHORE PERMITS

SALOUM SENEGAL ONSHORE SOUTH

A-Z PETROLEUM

Reprocessing & G&G study for all licences

Page 29: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

29AAPG 2015 DENVER CO

2 basins L1 et L2 have been identified

Gravimetric and Geochemical projects

Ta-2

Db-1

NiF-1

KrF-1

DiF-1

Basin

Basin

Basin

Basin

L5

190 km

H1

H2

H3

H4

H5

L1

L2

L6

L3

L4

Landsat 7 ETM+

ERS SAR

SENEGAL EAST AREA

Page 30: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

30AAPG 2015 DENVER CO

PETROLEUM LEGISLATION

LEGAL AND FISCAL TERMS

Page 31: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

31AAPG 2015 DENVER CO

PRODUCTION SHARING CONTRACT (PSC)

EXPLORATION PERIOD

- Initial Period: 1-3 years

- Renewal Periods: 2-3 years

EXPLOITATION PERIOD

- Initial Period: 25 years

- Extension Periods: 10+10 years

LAW N° 98-05 of January 1998 (PETROLEUM CODE)

Page 32: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

32AAPG 2015 DENVER CO

to be negotiated

RETENTION PERIOD

If a Discovery is certified non commercial, Contractor may be

granted a Retention Period of maximum:

3 years for crude oil

5 years for natural gas

Page 33: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

33AAPG 2015 DENVER CO

Exploration phases: Carried Interest of 10 %

After Commercial discovery: Working Interest up to 30 %

Thirty per cent (30%) Income Tax

( applied on net profit )

FISCAL REGIME

Page 34: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

34AAPG 2015 DENVER CO

Senegal Basin has generated oil and gas

Diamniadio, Gadiaga and Casamance Dôme Flore

Presence of world class source rocks in Turonian –

Cenomanian secondary good sources in Albian-Aptian and

Jurassic

60 000 km2 underexplored Paleozoic basin

with good reservoirs in Ordovician and Devonian

and good source in Silurian, and traps and plays

identified

The Oil and Gas discoveries in FAN-1 and SNE-1 are an

important event for Senegal and the partners

Proven Petroleum system in Deep water

Combination with Tortue-1 Gas discovery in Deep Off.

Mauritania it Upgrades the prospectivity of all the offshore

Senegal Basin blocks and MSGBC

Law with flexible terms

CONCLUSION

Page 35: POTENTIAL & ACREAGE Centrale du Cap des Biches Bargny ... Talks 2015/Denver 2015 Senegal.pdf · AAPG 2015 DENVER CO 1 SENEGAL BASINS POTENTIAL & ACREAGE THIES Bargny Rufisque DAKAR

35AAPG 2015 DENVER CO

THANK YOU

YES IT DO