2018 Ras Al Khaimah Licensing Round United Arab Emirates
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2018 Ras Al Khaimah Licensing Round United Arab Emirates RAK 2018 LICENSE ROUND Information Session RAK Licensing Round 2018 Ras Al Khaimah Government His Highness Sheikh Saud Bin Saqr Al Qasimi - Member of Supreme Council Ruler of Ras Al Khaimah His Highness Sheikh Mohamed Bin Saud Al Qasimi Replace - Crown Prince of Ras Al Khaimah RAK 2018 Licensing Round 2 RAK License Round Opportunity The Government of Ras Al Khaimah, one of the seven emirates of the UAE, is conducting a formal licensing round covering all of its onshore and offshore acreage. Ras Al Khaimah’s National Oil Company, RAK Gas, will conduct and manage the licensing round on behalf of the Government. Licensing round officially opened on 1st April 2018. Attractive commercial terms. Exploration acreage in an established hydrocarbon province. New data: 2,200 km² offshore 3D, FTG onshore and offshore. Undeveloped oil, mature gas-condensate redevelopment and near field exploration opportunities. License Round Term Sheet: • EPSA Contract . Existing infrastructure and access to local and • Companies to Bid on Profit Oil international markets. • 1 Well in first Exploration Period (offshore), Seismic acquisition (Onshore) • RAK Gas to be carried (10%) during the Exploration Period RAK 2018 Licensing Round 3 Fields and Facilities West Bukha Producing Since Feb 2009 Bukha . A well developed HC export infrastructure Producing Since April 1994 network. Available ullage in RAK Gas owned pipelines. Saleh field Musandam UAQ Atlantis Gas Plant Producing since May RAK Gas plant 2008 RAK Al Hamra UAQ Sharjah Emarat Pipeline Network Fujeirah RAK GAS - Business Plan Dolphin’s4 Pipeline Al Ain Al Ain - Fujeirah RAK 2018 Licensing Round 4 Ras Al Khaimah and surrounding fields Henjam/West Bukha Bukha Tibat Saleh RAK-B Mubarek UAQ . > 10 producing oil and gas fields within a 70Km radius . Saleh Gas field Ajman . RAK B undeveloped oil discovery Sajaa RAK 2018 Licensing Round 4 The Arabian Plate-BGS, 2014 RAK 2018 Licensing Round 5 Regional cross-section BGS, 2014 Composite seismic line from RAK Extension (salt-related) - Offshore Areas Re-activation Compression-Onshore to Shallow Offshore RAK 2018 Licensing Round 6 Exploration Portfolio rejuvenation . Use Play Based Exploration (PBE), to build a rejuvenated Exploration Portfolio. RAK complex geology, unique in UAE, creates multiple play opportunities. All studies available in the RAK 2018 DataRoom. RAK Exploration plays cartoon Review of existing data 10 Km RAK 2018 Licensing Round 7 RAK Offshore : Different trapping styles Offshore Seismic Line RAK 2018 Licensing Round 8 RAK Onshore : Large inverted structures North CRETACEOUS JURASSIC TRIASSIC PERMIAN RAK 2018 Licensing Round 9 Onshore : Inverted Graben and Shallow DHI’s Triangle Zone Accretionary Wedge Inverted graben Reactivated Extensional Faults NW RKL-83-27 SE RAK 2018 Licensing Round 10 Offshore : New 3D seismic as a Game Changer A renewed understanding of RAK Offshore prospectivity RAK 2018 Licensing Round 11 RAK License Round Opportunity The Government of Ras Al Khaimah, one of the seven emirates of the UAE, is conducting a formal licensing round covering all of its onshore and offshore acreage. Ras Al Khaimah’s National Oil Company, RAK Gas, will conduct and manage the licensing round on behalf of the Government. Licensing round officially opened on 1st April 2018. Attractive commercial terms. Exploration acreage in an established hydrocarbon province. New data: 2,200 km² offshore 3D, FTG onshore and offshore. Undeveloped oil, mature gas-condensate redevelopment and near field exploration opportunities. License Round Term Sheet: • EPSA Contract . Existing infrastructure and access to local and • Companies to Bid on Profit Oil international markets. • 1 Well in first Exploration Period (offshore), Seismic acquisition (Onshore) • RAK Gas to be carried (10%) during the Exploration Period RAK 2018 Licensing Round 13 Thank You RAK 2018 Licensing Round Ras Al Khaimah O&G : A brief Summary • Historically gas production has come from Saleh, Bukha, UAQ field, and West Bukha License Status in 2015 • Today Saleh is shut in, Bukha and West Bukha have been diverted to Musandam Gas Plant, UAQ field is in significant decline • 2015 – licenses held by DNO (RAK B, Saleh, RAK Onshore), Baqal (Onshore block), Dahan, (offshore Block), Atlantis (RAK C) • 2016-2017 – systematically returned all licenses to the government except for RAK C • Today gas is supplied to RAK from three major sources: o Dolphin gas pipeline transporting natural gas from Qatar to UAE and Oman (~70%) o Umm al Quwain field (~17%) o MGP in Oman (0-12%). • Potential of Oil & Gas Natural resources in Ras Al Khaimah has not been fully explored. Preparatory activities for a new Off-shore exploration round have been commenced. RAK 2018 Licensing Round 15 The Arabian Plate-BGS, 2014 RAK 2018 Licensing Round 25 Ras Al Khaimah and surrounding fields Henjam/West Bukha Bukha Tibat Saleh RAK-B Mubarek UAQ . > 10 producing oil and gas fields within a 70Km radius . Saleh Gas field Ajman . RAK B undeveloped oil discovery Sajaa RAK 2018 Licensing Round 26 Regional cross-section BGS, 2014 Composite seismic line from RAK Extension (salt-related) - Offshore Areas Compression-Onshore to Shallow Offshore RAK 2018 Licensing Round 27 Regional Saleh Line: Different trapping styles North CRETACEOUS JURASSIC TRIASSIC PERMIAN RAK 2018 Licensing Round 29 Understanding the tectono- stratigraphy and trap types REACTIVATED EXTENSIONAL FAULTS EXTENSIONAL TRAPS COMPRESSIONAL TRAPS RAK 2018 Licensing Round 9 .