Shale Oil & Gas. Overview of Shale HC Potential in Onshore East Malaysia. May PETROLIAM NASIONAL BERHAD (PETRONAS)

Transcription

1 Shale Oil & Gas Overview of Shale HC Potential in Onshore East Malaysia May PETROLIAM NASIONAL BERHAD (PETRONAS) All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner. Petroliam Nasional Berhad (PETRONAS)

2 Driver for unconventional in Malaysia Petroliam Nasional Berhad (PETRONAS)

3 Status Quo of Malaysia Unconventional : PETRONAS yet to tap unconventional resources CHARACTERISTIC CATEGORY CBM OIL / GAS TIGHT OIL / GAS GAS HYDRATE DEFINITION HC formed during the coalification process or thermal maturation of coal bed which can be liquid or gaseous Oil & Gas: Trapped in shales that have very low permeability, typically less than 0.1mD Oil: Crude that occurs in silty-fine sandstones with tight carbonate reservoir Gas: Preserved in sandstones layers Flammable ice - a crystalline substance like ice, composed of molecules of water and methane, exist in low temperatures and high pressure. BASIN Sabah Sarawak Sarawak / Malay Sabah POTENTIAL RESERVES / SIZES (MALAYSIA) Porosity Permeability Configuration Resource Technology 6Tscf (non-commercial) Unknown Not-established yet >150Tscf Characteristics applicable to full spectrum of Unconventional Resources OTHER FACTORS FOR CONSIDERATION LATEST PROGRESSION (PETRONAS) Local Supply-Demand Gap Sustained High Oil / Gas Price Pipeline Access / Availability CBM assets in Australia Fracturing Technology Pipeline Access / Availability Environment Protection Shale Gas assets in Canada (Progress Energy), JV Nil Argentina, Shale Evaluation in China Technology Devt. Technology Devt. Subsurface Knowledge Pipeline Access / Availability Preliminary gas hydrates assessment In volume Sabah Deepwater Petroliam Nasional Berhad (PETRONAS)

4 INTRODUCTION East Malaysia potential Petroliam Nasional Berhad (PETRONAS)

5 Upper shoreface (tidal channel and sand bars) Geological Map of East Malaysia and outcrops e SW NE b e b c c b a thick bedded sst with sharp erosive base overlying greyish shale younging direction b a SB Sabah Sarawak Internal Petroliam Nasional Berhad (PETRONAS)

6 Stratigraphic Chart Formation EOD Lithology Description SR Potential SIBUTI Inner Neratic shale, siltstone interbedded, sst, limestone. NA SETAP-SHALE Inner neritic Inner neritic clay-shale & silty clay Occationally interbedded with ss, calcareous ss & moderate thick limestone Poor-Fair Organic matter. Termally Immature Early Mature. NYALAU Lower-middle shoreface Hard and semi to uncosolidated sandstone, massive, heterolithic sucession, coal seam, paleosol and thick mudstone (probably shelf and marginal marine mudstone) TOC:78% Oil & gas prone HI: Internal Petroliam Nasional Berhad (PETRONAS)

7 Onshore Sarawak, Outcrops (Miocene Sequence) Meligan Formation Setap Formation Internal Petroliam Nasional Berhad (PETRONAS)

8 Oligocene Outcrops Folded and faulted Crocker Formation. Duplex structures in the Crocker Formation. Moderately deformed Temburong Formation. Highly deformed Temburong Formation. Internal Petroliam Nasional Berhad (PETRONAS)

9 5 Presentation Title (acronym) ; Petroliam Nasional Berhad (PETRONAS) Petroliam Nasional Berhad (PETRONAS) 2014

10 Comparison with North America Shale Gas Criteria s Petroliam Nasional Berhad (PETRONAS)

11 Surface Geochemical results Kilometers Legend Petronas_Tinjar-Limbang-Klias_PSG-PrelimMapData_TM-CM114_WGS84 (C16-C20) / (C6-C7)!( > 1.00 Heavy Hydrocarbons!( Light Hydrocarbons MicrobialAnomalies_MSZt VaporAnomalies Internal Petroliam Nasional Berhad (PETRONAS)

12 THE 1D BASIN MODELLING EW-1 Petroliam Nasional Berhad (PETRONAS)

13 Based on preliminary resource assessment, Malaysia has an estimated total of 8.8Tcf/2.8Bstb (HIIP) of shale gas resources in focus area Total area: 900 sq.km Target depth: 1000m 3500m Thickest prospective shale : 157m Type of HC: Oil and Gas Petroliam Nasional Berhad (PETRONAS)

14 Stage gate approach is needed to manage progress, risks and uncertainties guided by long term aspirations FIRST COMMERCIAL PRODUCTION Jan 2016 May 2016 July 2017 July 2018 Jan 2019 Jan 2020 Jan 2023 Jan 2028 Team formation & collaboration Further evaluation assessment SG1 Exploratory Drilling* Introduce fiscal terms Shale block promotion What we want to answer in Stage Gate 1 Realizing of full shale potential in domestic land Establishing production profile Ways to entice participation of industry players SG2 Shale Block Award Exploration & development concept select SG3 FID for full field development This will include : Several wells drilling Data acquisition and G&G studies Collaboration with unconventional group & available third parties Petroliam Nasional Berhad (PETRONAS)

15 Thank you Petroliam Nasional Berhad (PETRONAS)