Guinea Bissau
Block 7B Farm-in Opportunity – Update 2013
Introduction
CH-7
Light oil shows
in Albian
Cagongue-1
Dead oil in
Cretaceous
Safiti-1
Dead oil in
Cretaceous
KO-1
Silurian source highly
mature at shallow depth
(Ro 1.0-1.25%)
Kora
d mi n
istra
tion
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tio
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ry
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In
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Bo
Bissau
Dome Gea
Heavy oil in
Oligocene
Dome Flore
Tertiary heavy oil discovery
1 billion bbls STOIIP, 9-11° API
Joint A
GUINEA BISSAU
PGO-3
Recovered 33-36° API &
salt water from Albian
GBO-1
Shows (no details)
PGO-1
Trace shows U. Cret.
& U. Palaeocene
Sinapa-2
Albian discovery 35° API
170 mmbbls STOIIP
Z on
Supernova Energy bv
offers the opportunity to
suitable Joint Venture
partners to farm-in to the
prospective offshore
exploration Block 7B in
Guinea Bissau.
SENEGAL
SF-4
Recovered 13bbls 34° API
oil base Tertiary to Cretaceous
Silurian shale
outcrop area
GUINEA
e
The Block 7B (8,736 km2)
lies within an area of active
exploration in West Africa,
with exploration drilling
in Senegal to the north,
Guinea Conakry to the
south and oilfield appraisal
nearby (Sinapa).
PGO-2
Trace shows in Oligocene & Eocene
Senonian Jurassic, biodegraded oil
(extract) in Eocene
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Block 7B
Supernova
20
0m
0
Km
50
2013 Update
• Supernova and partner Petroguin have
received approval for changes to the JVA:
– The JVA is currently within Exploration
License Stage 1;
– The Current Stage 1 expires on
19 February 2015;
– Supernova and Petroguin subsequently
have 18 months for Stage 2, before a
drilling commitment phase Stage 3.
Atlantic
Ocean
100
0m
Supernova continue to work on the
exploration campaign on Block 7B whilst
also seeking suitable deepwater industry
JV partners. With new 3D available, the
company can look ahead to improving
understanding of the play concepts on the
block, and further to establish a full
inventory of well defined prospects within
this extended Stage Two of the licence.
• Polarcus has acquired 2,373 km2 3D
seismic over the deepwater sector of
Block 7B in January 2013. The survey was
shot with the Naila SV vessel using 10 x
8.1km streamers. Final OPSRM 3D volume
now available.
A large inventory of viable prospects and
leads has been mapped on 2D seismic data
in Mesozoic rocks with classic West African
play types being recognized. Detailed
evaluation studies and further seismic is
planned to progress to a drilling campaign,
most of which may occur in water depths
from 150m to 1,500m.
• Elsewhere in the region, Tullow have
farmed-in to Hyperdynamics block in
Guinea Conakry, Cap Energy have
farmed-in to Lime's Blocks 1 and 5B
(Guinea Bissau) and Cairn Energy have
farmed-in to FAR's Rufisque/Sangomar
acreage in Senegal.
The JVA was awarded in 2007 and gazetted
in 2008. The exploration commitments are
split over three phases, 1.5 years for Stages 1
and 2 and 2 years for Stage 3. There is an
optional 2 year Stage 4. The JVA Stage 2 has
currently been extended to April 2014 and
there is a 3D seismic commitment in this phase.
www.supernova-energy.com
Guinea Bissau
Block 7B Farm-in Opportunity – Update 2013
3D Survey Area Coordinates
A
B
C
D
09° 35' 55.887"N
09° 54' 01.426"N
09° 44' 31.226"N
09° 26' 26.296"N
Sinapa
18° 03' 43.986"W
17° 37' 21.779"W
17° 30' 44.796"W
17° 57' 06.905"W
GUINEA BISSAU
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B
Block 7B
Supernova
B
20
0m
C
Atlantic
Ocean
A
D
100
0m
0
Km
50
3D Survey Area
Map showing location of the 3D survey on Block 7B
Prospectivity
A significant prospect inventory has been
defined over the block based on the work
completed to date (vintage 2km 2D grid
plus offset wells).
The main Play types expected are:
1. Late Cretaceous Cenomanian-Turonian sandstone reservoirs sourced and charged from
Turonian age source rocks.
2. Cretaceous Aptian / Albian sandstone targets with Upper Cretaceous age and Jurassic
source potential. Recent discoveries in the adjacent transform margin are strongly analogous.
3. Upper Jurassic and Lower Cretaceous marine Carbonate systems (source and reservoir)
with potential Lower Cretaceous lacustrine source.
Prospectivity is supported by numerous oil seeps, surface geochem samples, oil and gas shows
in nearby wells, the presence of an oilfield at Sinapa in the adjacent block (light oil in Albian
sand) and the billion barrel heavy oilfield at Dome Flore (heavy oil in Oligocene and light
oil in Maastrichtian) nearshore Senegal.
The Company
Supernova Energy B.V. is a company under the Bluewater Group of companies and participates
as a technical and financial partner in oil & gas exploration and production.
Formed in 2007, Supernova aims to expand its portfolio of equities in oil & gas developments
initially as non operator, and where possible providing its corporate expertise and experience
with field development, floating production systems and marine terminals.
http://www.supernova-energy.com
www.supernova-energy.com
Guinea Bissau
Block 7B Farm-in Opportunity – Update 2013
Farm Out Process
Supernova are seeking suitable industry
partners, preferably with deepwater
exploration experience, to participate in the
current Stage 2 3D seismic phase and also to
the future exploration drilling campaign.
The data room is being held in London.
Interested companies are invited to apply
for a CA and data room access from
Supernova or their London representative
for this project, Peter Elliott.
The Bid Deadline is expected to be 31 Dec 2013.
Summary
• An exciting exploration Farm-in opportunity in a prospective region of West Africa.
• Stable environment, good fiscal terms.
• High impact exploration with strong Transform margin and conjugate Surinam margin analogues.
• Very active region with 2D, 3D and exploration drilling in adjacent blocks and countries.
• Excellent farm-in terms.
Contact
Michel Bonte
Vice President Business Development
[email protected]
Peter Elliott
Business Development Advisor
[email protected]
Tel. +44 (0)7971 073 198
www.supernova-energy.com