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Opportunities

Project Opportunities

Oil Project in South China Sea


Overview
Located in South China Sea surrounding with several oil fields with production. Contract area is covering 67.7 sq.km covered by 3D seismic with water depth 95m. 5 wells were drilled in which 3 wells acquired discovery.

Geology
Main pay zone is the marine sandstone with reservoir depth of 1300-2500m, average porosity of 28.1%, permeability of 250-6000mD.

Reserve and Production
One well tested oil production of 4086bbl/d and one oil field was discovered with proved economical recoverable reserve of 1.84mm tons (12.41 mm barrels). Peak oil production could reach 14000 bopd (annual production 775 thousand tons). It was planned to put into production in 2020-2021.

Potential
The trap in the west with a prospective resource of 28.68 mmbbl, which is similar with existing discovery, is promising for further drilling and development. Meanwhile, several reservoirs have potential to be produced.



This is the potential opportunity for oil and gas asset acquisition or investment known by UNIWE, but the accuracy or completeness of relative information has not been verified by us. UNIWE, its affiliated companies, its staffs, are not responsible for the result of any use of relative information and has no obligation to update the relative information.

Oil Project in Kazakhstan Onshore

 

Overview
Located in Kazakhstan onshore and contract area is covering 1063 sq.km with 1 producing oil field. 

Geology
Main pay zone is the Carboniferous carbonate with reservoir depth of 4300-4700m, average porosity of 7.3%, average permeability of 4.56mD. Current recovery factor of producing field is only 2.45%.

Reserve and Production
According to reserves approved by Kazakhstan Government, С1 OOIP was 6 MM tons with recoverable reserve 1.33MM tons; С2 OOIP was 5.53 MM tons with recoverable reserve 0.53MM tons; therefor, С1+C2 OOIP was 11.53 MM tons, about 84.17MM barrels, and С1+C2 recoverable reserve was 1.86 MM tons, about 13.58MM barrels. Operator forecasts the oil production could be reached around 4000BOPD by developing the existing field already with production license.
 
Potential
Current recovery factor of producing field is very low. There are multi unperforated layers for the producing wells and production should increase after perforation. It should have a large exploration potential due to large exploration area around 1000 km2 with low low degree of exploration and many producing fields in the adjacent area. Unrisked recoverable oil resources should be around 81MMBO and risked recoverable oil resources should be around 24MMBO.



This is the potential opportunity for oil and gas asset acquisition or investment known by UNIWE, but the accuracy 
or completeness of relative information has not been verified by us. UNIWE, its affiliated companies, its staffs, are not responsible for the result of any use of relative information and has no obligation to update the relative information.