KANYWATABA OIL PROJECT

A low risk destination for world class onshore oil discoveries

The Kanywataba Block is a highly prospective oil and gas project located within the East African Rift Basin in the Albertine Graben, Uganda.

Current ownership: 83.18% DGR Global and 16.12% Armour Energy.

Lience area: 344 square kilometres

Stage: Early exploration


The experienced technical and management teams from DGR Global and Armour Energy have completed an in-depth review of the Kanywataba Block. Key points include:

  • To date only one well drilled (Block was previously explored by CNOOC/Tullow Oil and this well did not drill deep enough, and was too far away from the hydrocarbon generation kitchen

  • Kanywataba is located within close proximity (40km) to the 200MMBBL Kingfisher Oil Field, jointly owned by CNOOC, TOTAL and Tullow Oil

  • Oil seeps present with no risk on hydrocarbon generation

  • Prospects 2 & 3 are close to the Tonya Fault and generation kitchen

  • Proven working and commercial petroleum system in Albertine Graben

 
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ACTIVITIES TO DATE

  • Reprocessing of existing 2D seismic data is near completion

  • Geochemical surface soil gas sampling program has been completed with results pending

  • 122 kilometre seismic program will commence in June for a period of 60 days

  • Commenced Basin Analysis Study


UGANDA - THE LATEST HOTSPOT FOR OIL EXPLORATION AND PRODUCTION

6 billion barrels of resources, 1.8 billion barrels of reserves

  • Growing market and GDP, competitive la

  • No restrictions to foreign ownership of investments

  • Oil majors currently active - Total, CNOOC and Tullow

  • Tullow has 11 licences covering 1,342 square kilometres of acreage, 80+ wells drilled to date, 1 basin opened and 1.7 billion barrels of oil discovered

  • First oil production expected by 2020

  • Free ownership in Albertine Graben

  • 85% of wildcats turn into producers

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SIGNIFICANT INFRASTRUCTURE FOR OIL TO MARKET BY 2022

EAST AFRICAN CRUDE OIL PIPELINE

  • 1,443km construction from Hoima, Uganda to Tanga, Tanzania

  • 216,000 barrels per day export flow at plateau production - plus storage in Tanga

  • USD 3.5 billion investment

  • Currently in progress

  • Uganda National Oil Company (UNOC), Tanzania Petroleum Development Corporation (TPDC), CNOOC, Total and Tullow will be the pipeline shareholders


OIL REFINERY CONSTRUCTION

  • Governmnet of Uganda and the Albertine Graben Refinery Consortium (AGRC) signed off the project framework for USD 4 billion

  • Over 40 worldwide companies had expressed interest in the deal

  • Expected to process up to 60,000 barrels of oil per day

blue line showing the route for east african crude oil pipeline (eacop) currently in development

blue line showing the route for east african crude oil pipeline (eacop) currently in development


EAST AFRICAN RIFT SYSTEM IN THE ALBERTINE GRABEN

Flaring experiment in the albertine graben

Flaring experiment in the albertine graben

  • Drilling success rate of 85% from 121 wells (102 wells encountered hydrocarbons)

  • 28 wells have been flow tested

  • Locally 6.8 BBLS oil reserves

  • Crude blend between 23° -33° API, low sulphur

  • Planned infrastructure underway

  • Less than 40% of the Albertine Graben has been evaluated

  • Pro-resource development government

  • Current estimation of 1.5 BBLS of oil yet to be recovered (Basin Analysis, Core Labs)

  • CNOOC are predicting peak production of 40,000 BOPD from Kingfisher


For more information on the Kanywataba Oil Project, please contact info@dgrglobal.com.au