33

Libya and AlgeriaLibya and AlgeriaLibya and Algeria

34

LIBYA. Current AcreageLIBYA. LIBYA. Current AcreageCurrent Acreage

Package 1

PreviousBlocks

35

LIBYA LIBYA

36

LIBYA. NC-115 ( El-Sharara )

37

SEISMIC LINE WITH THE WELL LOCATION

NCNC ––115 : DISCOVERY O1 115 : DISCOVERY O1

38

OWC

Top Hawaz

5151ft

5520ft

Well O1-NC115

H5

H4

H3

H2

H1

H6

H7

H8

NCNC ––115 : DISCOVERY O1115 : DISCOVERY O1

39

LIBYA. NC-186: Fields “A” & “D”

40

LIBYA. NC-190

41

• Six new exploration blocks (“Package 1”)

awarded to Repsol YPF 60% (operator) and

OMV 40% with a total surface of 76,696 km2:

• M-1 block (Murzuq Basin),

• blocks O9 and O10 (Sirte Offshore Basin),

• block S36 (Sirte Basin) and

• blocks K1 and K3(Kufra Basin) .

LIBYA. Package 1

42

PACKAGE 1. Block M-1 (Murzuq basin )

43

PACKAGE 1. Blocks O-9 & O-10 ( Sirte basin )

O-10

O-9

LNG PlantMarsa El Brega

B1-88 Arco, 1963TD 3439 m

DST 35 mcfg/d & oil

D1-88 Arco, 1968

TD 3318 m

DST 13 mcfg/d & oil

44

LIBYALIBYA

Net Liquids Daily Production ( BOPD )Net Liquids Daily Production ( BOPD )

45

• Production reach 200,000 BOPD in NC-115 (20,000 bopd

Net Repsol YPF). High margin production

• Net Proven reserves @ June 2003: 95 M Bbl

• Start up of Field A (NC 186) early 2004

• Field D under development (NC 186)

• New Discoveries in NC 115 (O & N)

• Six new exploration blocks (“Package 1”)

• New explorations blocks under negotiations (“Package

2” and others)

• Libyan LNG Project under study

LIBYA . Large potential for growth

46

ALGERIA. ALGERIA. Current acreageCurrent acreage

47

ALGERIAALGERIA

Net Gas Daily Production ( MmNet Gas Daily Production ( Mm33/d )/d )

PSC effect of higher prices

MaintenanceOf Gas Plant

48

ALGERIAALGERIA

Net Liquids Daily Production ( BOPD )Net Liquids Daily Production ( BOPD )

PSC effect of higher prices

MaintenanceOf Gas Plant

49

DEVELOPMENT OF WESTERN AREAGas Field Model

ALGERIA. Field TFT

50

ARGELIA : ARGELIA : Reggane Reggane

3D Seismic Acquisition (950 km3D Seismic Acquisition (950 km22))

Partnership: Sonatrach (25%) + Repsol YPF (33.75% Operator) + RWE Dea (22.50%) +

Edison International (18.75%).

Contract signed on July 2002 / Effective date: January 2003

Total surface: 12,217 km2

51

TIO-1 RG-4

GivetianGivetian

SiegenianSiegenian

NW SE77 TAS 77 TAS 46S46S

HercynianHercynian

T ournaisianT ournaisian

FamennianFamennian

OrdovicianOrdovician

COMPRESSED LINE0 6Km3

77-TAS-46S

TIO-1

RG-4

Seismic Section NW-SE (REGGANE)

ALGERIA. ALGERIA. BlocksBlocks 351c351c--352c (352c (RegganeReggane))

52

ALGERIA. ALGERIA. BlockBlock 401401--dd

OOIP- 391 MMBOBBR-ROD

OOIP- 155 MMBOSFNE

OOIP- 138 MMBOBSF

OOIP- 93 MMBO

RDB

25 KM

OOIP-2000 MMBO650 BCF

H ASSI BERKINE SUD

OOIP->2000 MMBO

667 BCFOURHOUD

STRUCTUREBERKINE

-

BORMA

OOIP-1350 MMBO

1.3 TCF

401 d

OOIP- 70 MMBOK A

H ASSI KESKESSA

Already acquired and processed 742 Km2 of 3D Seismic.

Drilling First well at end 2003.

53

• 2002 Net production: 30.000 boepd (34% Liquids and

66 % gas)

• Proven Reserves @ June 2003: 83 M boes

• Development of Western Area of TFT Field

• Appraisal and further Development of Reggane

• Good exploration potential in Block 401d

• Looking for new business opportunities: Integrated

gas project in Gassi Touil and 4th Exploration Round.

ALGERIA: Potential for growth

54

Middle East and FSU Middle East and Middle East and FSUFSU