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