Atlantic Ireland 2017

Atlantic Ireland 2017Newfoundland and Labrador Update

2

Nalcor’s Exploration Role

Bidding/Lease

RoundsDevelopment and

ProductionInitial

Exploration

Upstream Exploration/Development Cycle

Early Stage

Exploration

Exploration

Drilling/Appraisal Initial

Exploration

Basin/Prospect

Evaluations

Pre-Competitive Phase

Nalcor is the State Energy Company of Newfoundland and Labrador

1500 employees, 6 lines of business

3

Evaluating NL’s Frontier Basins

Nalcor EnergyExploration StrategySystem

Nalcor is systematically

evaluating all NL basins to:

• Find new oil/gas resource potential

and evaluate prospectivity

• Identify and close key knowledge

gaps that hold back new activity

nalcorenergy.com/exploration

4

NL Seismic Data Investment

• Since 2011 Nalcor has invested in a

TGS/PGS regional 2D seismic program.

• The objective is to identify and quantify the

resource potential of our frontier basins.

• This image shows the seismic data coverage

at the end of 2014.

2014

5

NL Seismic Data Investment

• This image shows the seismic data coverage

at the end of 2016.

• Approximately 150,000 km of 2D seismic

data had been acquired by this time.

• By the end of the 2017, this number will

rise to approximately 175,000 km. (2017

planned 2D survey in red)

2019

2020

2019

2018A

2018B

Labrador South

Land Sale

2020

6

NL Seismic Data Investment

• This image shows the seismic data coverage

at the end of 2016.

• Approximately 150,000 km of 2D seismic

data had been acquired by this time.

• By the end of the 2017, this number will

rise to approximately 175,000 km. (2017

planned 2D survey in red)

• A 3D survey was acquired on the 2018A

block.

2019

2020

2019

2018A

2018B

Labrador South

Land Sale

2020

7

NL Seismic Data Investment

2018A

2018B

• Broadband Geostreamer survey

totalling 9840 sq km.

• Titan Class vessel towing 16 cables

• Fast Track data Dec 1, 2017

• Final cube March 31, 2018

8

Presently Scheduled

Upcoming Licence RoundsLabrador South Land Sale

2019

2020

2019

2020

2018A

2018B • 2D Broadband acquisition from 2011 -2016

produced a 5x5 km grid

• This data was reprocessed to PSDM

• Significant improvement was seen on both

the PSTM and PSDM sections

9

Labrador South Land Sale Area

Tertiary Isochron Map

showing the thick wedge of

the Churchill River Delta

Map Deleted

10

Labrador South Land Sale Area

Strike Line across

the Tertiary Delta

11

Labrador South Land Sale Area

C 6.5

C 10

C 24

C 34

C 45

C 54C 65

Rotated fault blocks

Roll over anticlines

Toe thrusts

Cretaceous onlap

Fans

12

Labrador South Land Sale AreaNear Angle

13

Labrador South Land Sale AreaFar Angle

14

Labrador South Land Sale AreaNear Angle

15

Labrador South Land Sale AreaFar Angle

Seismic section removed

for slides 16 -28

Nalcor Exploration – Ongoing Studiesnalcorenergy.com/exploration

Initiative Completion

Regional Pore Pressure Completed

Biostratigraphic Analysis Completed

Regional Rock Physics Completed

Met Ocean Completed

Drilling Study Completed

Resource Assessment Year over Year

Thank you

nalcorenergy.com/exploration

ianatkinson@nalcorenergy.com