Hydrocarbon Potential and Unconventional Potential Explorations
TOTAL'S RECORD BREAKING DISCOVERY | VENUS-1X
In February 2022, Total Energies with partners Qatar Energy, Impact and
Namcor, announced a "Giant light Oil and Gas Discovery".
Venus-1X was drilled on PEL 56 to a total depth of 6,296 meters (84
meters of net oil pay) in a water depth of approximately 3,000 meters.
◆ Surpassed pre-drill estimates of 1.5 billion to 2 billion barrels - post-drill
estimates currently in excess of 3 billion barrels recoverable.
◆ First phase of ~920 MM Barrels has a $3.5 Billion NPV10 @ US$50 Brent
- Assuming 35 potential development locations producing an estimated
~250,000 B/D at peak.
On par with the giant Liza discovery by Exxon in Guyana which
encountered 90 meters of net oil pay.
Venus confirms the world class potential of the Orange
Basin as an emerging major hydrocarbon province
e
TotalEnergies
VENUS
WEST
SINTANA
ENERGY
PEL
90
PEL
83
Kudu Gas
Field
Nara-1
Venus
Superfan
600km2
Venus-1A
Cullinan
Oil Discovery-
Feb 2022 Venus-1X
Jonker-1
La Rona-1X
Graff-1X
TOTAL - 2 RIGS
$300M BUDGET
FY 2023
Miles
0
25
50
Aardwolf O
PEL 56
PEL 39
Sintana Energy
Shell Oil
Prospect Areas
Oil Wells
Source: Offshore Energy - February 4, 2022, Impact Oil and Gas Ltd.
Exploring A Better
Way™
TM
TSXV
SEI TSXV
10View entire presentation