Download The Southern North Sea still has significant

The Southern North Sea still has
significant potential
Swift Exploration Ltd
Swift Exploration Licences
Swift Licences
Key Infrastructure
Swift currently holds interests in 8 offshore blocks.
A well is due to be drilled on 48/22a by Independent oil and gas 2015
Swift has applied for acreage in the recent onshore round.
Swift plans to build a wide portfolio of opportunities.
Acle Earlham area
Wind-farm
licence
Gas field, producing
Gas field, depleted
Gas discovery
Prospect/Lead
Acle Depth and Amplitude map
020 57’ E
030 00’ E
Ci = 100ft
Amplitude pattern very similar to North Davy
Notes
Most likely case relates to our current 4 way dip closure. Max case = 3way dip, fault closure and
amplitude anomaly. If Swift is correct and the amplitude anomaly relates directly to gas then the
Reserves will be close to the max case of 216BCF and be a very significant discovery.
Please visit our stand and look at our poster on unlocking hidden potential in the Rotliegendes.
Sean facilities are obvious potential export route, long life.
I will discuss alternatives later in presentation
Earlham gas field blocks 49/30c, 50/26b
We are carry reserve numbers from the relinquishment reports.
Swift is currently remapping Earlham and early indications are that Earlham covers a
larger area than has been previously published and is likely to lead to an increase
reserve estimate.
Acle Earlham development
CO2
pipeline
Thames complex
abandonment area
Potential power line
For Wind farm
Earlham Development
• Generation of low carbon (green)electricity on a
platform located at the Earlham field
• Sequestration of all the CO2 including the product from the
burning of the methane at Orwell.
• laying of a high voltage electricity cable from the platform to
shore or nearest wind farm.
• An electricity price/subsidies similar to wind energy (this
electricity has less CO2 than wind farms).
• Potential for even higher electricity prices in low wind
conditions.
• Potential to develop leads and prospects in same fashion
using the other depleted gas reservoirs in the area.
Block 47/6
Gas Storage
47/6
Prospects/Leads
Accessible from onshore
Easington
Gas Terminal
Key Commercial Drivers
1. Proximity to Easington gas terminal.
2. Onshore drilling can access prospects out to 5kms.
3. Onshore drilling costs are significantly less than offshore drilling.
4. Development and operation costs will be low due to proximity of shore and subsea tie back to shore
(Easington gas terminal) No pipeline and third party platform tariffs or costs
Onshore to offshore seismic tie
Zechstein
Millstone Grit
Basinal shale
Dinantian
Offshore line AUK83-710B
The Namurian section can be confidently mapped from Spaldington some 40kms to the west
Namurian
Unconventional
play
Top Dinantian TWT
Namurian Isochron
Upper part of Namurian is in Oil widow
over block 47/6 while the lower part is
in the gas window by extrapolation of
VR data from nearest well Great
Hatfield. As the Marine shale tends to
be located near the base of the
Namurian, gas is considered most likely
however there is a distinct possibility
for a significant condensate fraction. Oil
may also be possible. The Namurian has
~ 5TCF gas potential.
Rotliegendes Potential
Aldeborough
Easington Gas
Terminal
The block is partially covered by 2D data, generally poor quality. The area needs new seismic
data to define its potential. Aldeborough has potential in excess of 100BCF reserves
47/6 work program
• 47/6 opportunity = significant equity to fund
the following
• New seismic survey to cover Aldeborough and
Unconventional potential
• Drill well to test either Rotliegendes or
Namurian, possibly from an onshore location
Forward Plan
• Swift has created a diverse portfolio of opportunities in the SNS.
• Opportunities are all located close to existing long life
infrastructure.
• We have development and exploration opportunities, conventional
and unconventional.
• Swift is looking for investors to assist with value creation from these
licences and for any potential.
• Investment can be both financial input and work program input.
• Investors can be large or small.
• If you can add value please talk to us.
• Contact [email protected]