FOR UTP-GEOSCIENCES

UNDERGRADUATE USE ONLY.

NOT FOR REDISTRIBUTION.

QBB4014
May 2018

Week 1 – Data Room Opens

 FOR UTP-GEOSCIENCES
Petroleum Basin Evaluation (QBB 4014) UNDERGRADUATE USE ONLY.
NOT FOR REDISTRIBUTION.

FUNDAMENTALS OF PROSPECT EVALUATION, UNCERTAINTY & DECISION ANALYSIS

The Artvin Republic Exploration Licensing Round – May 2018

 Petroleum potential in the offshore and coastal areas.

 Artvin Republic is in a temperate climate, with coastal and ocean marine connectivity.
 There is no commercial hydrocarbon production offshore Artvin Republic. However, some onshore oil is produced by strong mafia
family companies at very low rates due to old technology. Authorities are making efforts to obtain data from these companies.
 A few offshore exploration well were drilled by Soviet companies before WW2, unfortunately only key maps survived.
 Speculative geophysical surveys were conducted between 1970-1995 and identified many prospects & leads.
 Artvin sub-basin is in the SE quadrant of the the major Ordu-Rize Rift Basin, and petroliferous in neighbouring Republic of Trabzon.
 The dominant post-rift depositional system is siliciclastic deltaics with varying gravity tectonics structures.
 The petroleum source rock is believed to be from deeper synrift lacustrine environment.
 Supply Base & Drilling Logistics is arranged with assistance from Republic of Trabzon.

 Expectation from the Authorities.

 A 76,800 sq km offshore and coastal exploration area (320 km x 240 km) has been gazetted.
 Each sub-block is designated eg IVb, covers some 1200 (40 km x 30 km) sq km.
 Four (4) prospective tectono-stratigraphic zone has been interpreted.
 Some data (incomplete) is provided by Authorities.
 Companies will use own personnel skills to evaluate.
 Companies are allowed to seek advice from assigned experts.

 Bidding companies will submit a comprehensive Exploration Program & Budget.

 All companies will bid as a compulsion.
 Companies must bid two (2) contiguous sub-blocks, and identify the main prospect.
 For similar prospect bids, only maximum of four (4) companies with earliest preliminary results are allowed to bid.
 Companies to furnish clear Exploration Activity, Expenditure & Timelines.
 A Model Contractual Arrangement will be furnished after announcement.
 The Project Economics will be conducted by Artvin Republic certified consultants.
 Companies will present their Technical Evaluation & Bids to Authorities.
 The winning company will be that which commit Attractive Activity & Budget, and maximize the benefits to Artvin Republic.
 I II III IV V VI VII VIII
a D-op
A-s B-s C-s,m
G-d
b
E-s,m
J-d
H-op
F-s,op
c
K-s
M-s,m

d L-s P-s,m
N-op
Q-d
e S-d
R-d

U-s
f
T-d Y-op
g W-d FOR UTP-GEOSCIENCES

V-s X-s,m,op UNDERGRADUATE USE ONLY.

NOT FOR REDISTRIBUTION.

Artvin Republic
Prospect & Lead Map
h 40 km
May 2018
 FOR UTP-GEOSCIENCES
ARTVIN REPUBLIC – EXPLORATION LICENSING ROUND PROSPECT/LEAD INVENTORY – MAY 2018 UNDERGRADUATE USE ONLY.
NOT FOR REDISTRIBUTION.

Prospect / Play Depth to Areal Closure Depositional Gross Trap Relief Porosity range Water Pg POS Prospect
Lead Stratigraphy Top maximum Environment Thickness Saturation / Lead
(tvd ss) (sq km) (m) (%) (%) (%) (%)

1 A shallow ? 22.5 – 28.2 Shallow marine 160 Moderate 12-22 15 - 75 High ? A

2 B shallow ? 15.2 – 20.7 Shallow marine 170 High 14 - 23 15 - 75 Moderate ? B

3 C shallow ? 13.7 – 23.4 Shallow marine 190 Moderate 15 - 26 15 - 75 Low ? C

middle ? ? Lower coastal plain channelized ? ? ? ? ?

4 D OP ? ? Deepwater bathyl ? ? ? ? High ? D

5 E shallow ? 24.1 – 33.8 Shallow marine 180 Moderate 14 - 24 15 - 75 High ? E

middle 2420 ? Lower coastal plain channelized ? ? ? ? ?

6 F shallow ? 28.7 – 41.8 Lower coastal plain 200 Low 15 - 26 15 - 75 Moderate ? F

OP ? ? Deepwater bathyl ? ? ? ? ? ?

7 G deep 2500 5.4 – 10.8 Middle neritic 330 Broad pinnacle 15 - 28 12 – 80 Moderate ? G

8 H OP ? ? Deepwater bathyl ? ? ? ? Moderate ? H

9 J deep 2400 21.6 – 32.7 Middle neritic 150 Broad platform 14 - 24 12 – 80 Low ? J

10 K shallow ? 18.9 – 26.3 Shallow marine 190 Moderate 14 -24 15 - 75 High ? K

11 L shallow ? 25.7 – 34.8 Shallow marine 210 Moderate 14 - 24 15 - 75 High ? L

12 M shallow ? 38.4 – 47.3 Shallow marine 190 Low 16 - 28 15 - 75 Moderate ? M

middle 2140 ? Lower coastal plain channelized ? ? ? ? ?

13 N OP ? ? Deepwater bathyl ? ? ? ? ? ? N

14 P shallow ? 27.2 – 52.4 Lower coastal plain 170 Low 17 - 25 15 - 75 Moderate ? P

middle 1960 ? Upper coastal plain channelized ? ? ? ? ?

15 Q deep 2300 3.5 – 7.5 Middle neritic 290 Broad pinnacle 15 - 27 12 – 80 High ? Q

16 R deep 2150 18.9 – 23.6 Middle neritic 220 Broad platform 15 - 24 12 – 80 High ? R

17 S deep 2050 22.5 – 30.6 Middle neritic 170 Broad platform 14 - 22 12 – 80 Moderate ? S

18 T deep 2450 5.6 – 12.4 Middle neritic 580 Steep pinnacle 14 - 25 12 – 80 ? ? T

19 U shallow ? 15.3 – 22.6 Lower coastal plain 180 High 15 - 24 15 - 75 Very high ? U

20 V shallow ? 9.8 – 16.3 Lower coastal plain 170 Very high 16 - 24 15 - 75 Very high ? V

21 W deep 2280 5.8 – 8.5 Middle neritic 250 Steep pinnacle ? 12 – 80 ? ? W

22 X shallow ? 6.8 – 11.7 Fluvio-marine coastal 150 Very high 18 - 26 15 - 75 High ? X

middle 1880 ? Upper coastal plain channelized ? ? ? ? ?

OP ? ? Deepwater rise-bathyl ? ? ? ? ? ?

23 Y OP ? ? Deepwater rise-bathyl ? ? ? ? ? ? Y