Hydrocarbon Potential and Unconventional Potential Explorations
SHELL MAKES A MAJOR OIL DISCOVERY | GRAFF-1X
V
SINTANA
ENERGY
In February 2022, Shell (operator), Qatar Petroleum and Namcor,
announced a "Significant Oil Discovery" at the Graff-1X well.
PEL
PEL
90
83
Kudu Gas
Field
Shell
• Graff-1X with estimates in excess of 2 billion barrels is Shell's largest
commercial discovery in Sub-Saharan Africa since 1996.
Exceeded initial estimates of 700MM barrels and a $2.8 Billion NPV10
@ US$50 Brent - Assuming 35 potential development locations with
an estimated production rate of 190,000 BOPD at peak.
La Rona-1X appraisal well, ~8km northeast was successfully drilled,
pre-drill estimates were in excess of 400 million barrels.
◆Shell found hydrocarbons in the Jonker-1 well in a different geological
play than the Upper Cretaceous oil discoveries at Graff-1 & La Rona-1.
The Graff-1X discovery has proved a working petroleum
system for light oil in the Orange Basin, offshore Namibia
Source: Offshore Energy - February 4, 2022
Exploring A
Better
Way™
TM
Venus-1X
Miles
0
25
50
Cullinan
O
SHELL DRILLING
2 WELLS Q1/23
Jonker-1
La Rona-1X
Graff-1X
Oil Discovery
Feb 2022
PEL 56
PEL 39
Aardwolf O
Sintana Energy
TOTAL
Prospect Areas
* Oil Wells
TSXV
SEI TSXV
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