2005 Field trip Algeria

29 Pages·2005·1.9 MB·English

2005 Eni Field Trip - Algeria
Claudio Descalzi
Senior Vice President
Geographic Area Italy, Africa and Middle East
Exploration & Production Division
September 22nd, 2005
Algeria: macro economic data - 2004
COUNTRY DATA UPSTREAM SECTOR
(cid:131)
Oil/Condensate
(cid:131) Population: 33.4 Million production: 1.8 Mbbl/d
(cid:131) GDP per capita: 4,973 US$ (cid:131) LNG production: 18 Mtpa
(cid:131) GDP growth rate: 7.1 % (cid:131) Total Gas
production: 220 Mcm/d
(cid:131)
External Debt: 22 BUS$
(cid:131)
Oil/Condensate
(cid:131)
Inflation rate: 4.6 %
proved reserves: 13.1 Bstb
(cid:131)
Gas Reserves: 4.5 Tcm
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Algeria: main gas supplier to the
European market
5°W 0°E 5°E 10°E
Mediterranean Sea
SPAIN (cid:131)
Large gas reserve
ALGIERS
35°N Atlantic Ocean 35°N (cid:131) Key gas supplier to the
TUNISIA
European market
HASSIH RAS S’MI RE'MLEL
MOROCCO
HASSI MESSAOUD
(cid:131)
Integrated gas pipeline
ALGERIA
N
30°
system
(cid:131)
Eni the first buyer of
25N MAURITANIA LIBYA 25°N Algerian gas
MALI
NIGER
20°N 20°N
Existing gas pipeline
Km Ongoing projects
0 100 200
5°W 0°E 5°E 10°E
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2004 Algerian Gas & LNG Buyers
Gas LNG
35.4 Bcm/y 25.3 Bcm/y
15%
22%
11%
10%
7%
8%
3% 3%
21%
68%
32%
Italy Portugal France Turkey Usa Others
Spain Others Spain Belgium Italy
Source: Eni & “Arab Oil & Gas Bulletin – Feb. 05”
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Eni in Algeria
KEY FEATURES
(cid:131)
Solid and long lasting relationship
(cid:131)
Leading international upstream player
(cid:131)
Legacy country
(cid:131)
More oil and gas opportunities
5
Eni Assets in Algeria
MAIN PARTICIPATED FIELDS
5°W 0°E 5°E 10°E
ALGERIA TUNISIA
Mediterranean Sea El Borma
SPAIN BirAchmed OD-1 El Borma-Mesdar
20”
ALGIERS 20” RERN
35°N Atlantic Ocean 35°N ERnHiOwU.Ri.D(B1RE40O 0M30McE%/)SeSAOUDZE K 20”RKF ROMROMEBRN-MeOsDdB2arRWBRN-RROADR RO40D1a RHOEUnRiDEw( OR.iUO.LD6A)3D . 9D%JEMAA
TUNISIA REC PlBanRtN Base Camp
B403b ZEA BFS
HASSI R'MEL BRN-BRW-BRSW B404 B4B0B4KbN HBN HBNBERSW BIR REBAA NORTH (BRN)
MOROCCO HASSI MESSAOUD ROM BBK HBNCSPF HBBaNseS ECamp SFNE Ali Ben Eniw.i.50%
ROD & Sat RDB
ALGERIA B404 BB221018 30°N BBKCKPNCNSSEEF-15 RBCKPF QBSNFSW BHHE4nAA06iSSb SS II BB wEERR.iKK.IINN1EE2 SN.2OO5UR%TTHH ((HHBBNNS))
B212 OURHOUD
OH33 0-”HEH B405c RRKKFF Cepsa BFC4P06a OURHOUD
WadiET Eni w.i. 4.59%
KMD EKT B208
B440 MLNW
MLW MLN EMN
25N MAURITANIA LIBYA 25°N BFC4P05b MLBE405aMLSE EKTPClPaFnEnMedE El Merk Synergy EELn Mi E R wK.i. 12.25%
MLS
BERKINE BASIN
MALI B212 B211
Eni
EOR
IAN
NIGER IAN-EOR
20°N Eni Operator 20°N Eniw.i.33.57%
Eni Asset
0 100 200Km 0 10 50 km
5°W 0°E 5°E 10°E
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Eni: presence in Algeria
HISTORICAL MILESTONES
1975 1981 1986 1987 1989 1991
Establishment (cid:131) Start-up of gas Rhourde The Concession Bir Rebaa Bir Rebaa West
of Joint export through Messaoud Agreementof B.403 North (BRN) (BRW) & Bir
Company gas-line E. Mattei (ROM) oil turned into Production oil field Rebaa SW
Snam- field Sharing Agreement discovery (BRSW) oil field
(cid:131) Signature of
Sonatrach discovery (first PSA signed in discoveries
Concession
T.M.P.C. Algeria)
Agreement for
Blocks
403&407
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Eni: presence in Algeria
HISTORICAL MILESTONES
1995 1996 1999-2000 2001 2002 2004
BRN HBNN & BRSE Acquisition of Lasmo EOR ROD
Production (ROD) oil field Anadarko, Lasmo Acquisition discovery in production
start up discoveries & Maersk B. 212 start up
interests in B.
GSA 401a &402a
establishment
SH-Eni historical operated production (100%)
Kbopd
60
40
20
-
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
8
Production Sharing Agreement (PSA)
TTOOTTAALL PPRROODDUUCCTTIIOONN
ROYALTIES
ROYALTIES
12.5%
COST OIL
COST OIL
(cid:131) TRANSPORTCOSTS
(cid:131) OPERATINGCOSTS
PROFIT OIL
(cid:131) EXPLORATION COSTS
(cid:131) DEVELOPMENTCOSTS
TAX OIL
PROFIT OIL
PROFIT OIL SLIDING SCALE TAX OIL
BasedON DAILY PRODUCTION
38.0%
2nd Party Entitlement (Cost oil + Profit Oil): MAX 49%
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International Players in Algeria
Kboe/d
2004 average daily equity production
70
60
50
40
30
20
10
0
Eni SouArcneas:d Maorkntohly AOpmereatroards aMeetinCg,e NpOsCa -Gas UtiBlizPation Plan Statoil Burlington BHP Repsol
Hess
Eni a leading international player in Algeria
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