FOX FIELD PROSPECT EVALUATION OF HYDROCARBON

POTENTIAL AND ECONOMICAL VALUE ESTIMATION IN

ARTVIN REPUBLIC EXPLORATION LICENSING ROUND AT
ORDU RIZE RIFT BASIN

GROUP F
MUHAMMAD HAZIQ BIN YUSSOF 21398
MOHAMAD SHUKRY BIN MOHAMAD TAMAN 21382
ZANARIAH ALIA BIN SALIM 21279
MOHAMAD HAFIZUDDIN BIN MOHD SUKRI 21394
OUTLINE
• Executive Summary
• Introduction
• Geological Structures and Geomorphology
• Petroleum System and Seismic Data
• Operational Engineering
• Economical value and Business Strategic Plan
• Conclusion and Recommendation
Executive Summary
• Petroleum System

Source Rock Type I Kerogen

Reservoir Rock Delta
Maturation >65% peak maturity
Trap and Seal Fault Dominant
Migration Vertical migrated(Due to faults)
• PG: 0.47
• POS: 0.23
• EMV: 826.3
• NPV:
LEAD L

Play Stratigraphy Shallow

Area Closure 25.7 – 34.80
Depositional Environment Shallow Marine
Gross Thickness 210
Trap Relief Moderate
Porosity 14 - 24
Saturation 15 - 75
Pg high
pos ?
Exploration Economics
• Characteristics
• Major gamble.
• Discovery of an unexpected large field
• Or no oil or gas at all
• Sequential decisions.
• Exploration investments are relatively small considered to further investment in case of success.
• Investments without further commitments if failure
• A petroleum exploration project
• A field development decision
• Cash flow elements and uncertainty
• Decision criteria: Net present value (NPV)
• An exploration decision
• New cash flow elements and uncertainties
• Decision criteria: Expected Monetary Value (EMV)
• A field development decision
• Cash flow elements and uncertainty