GABON: 11TH ROUND ON DEEP WATER BLOCKS

GABON

REPUBLIC OF GABON MINISTRY OF PETROLEUM AND HYDROCARBONS

Gabonese oil and gas environment

Petroleum acreage

Key elements of the petroleum sector

Opportunities in deep offshore

3D multi-client seismic data

Time Line of the 11th Round

General Rules and Tender Process

Conclusion

Content

Gabonese Oil & Gas Environment

Gabon area: 267,667 km²

Population: 1,800,000 people

Grown domestic product: 5.6% (year-2014)

Development strategy : Established under the guidelines of :

• « Blue Gabon »

• « Industrial Gabon »

• « Gabon Services Provider »

Initiated by His Excellency, Ali BONGO ONDIMBA, Head of State.

These guidelines are the basis for the development of the upstream, downstream and power generation.

Gabonese Oil & Gas Environment

Business environment: • Oil country with produced reserves to date of 3.7

billions barrels.

• With current daily oil production rate of 250,000 barrels

• Sustainable business environment secured by political and economical stability.

Main stakeholders: • Ministry of petroleum and hydrocarbon’s;

• Ministry of economy

Legislation: • Hydrocarbon law of August 2014

Petroleum Acreage

Petroleum Acreage: 253,507km² Acreage licenced: 127,784 km² (50.41 %) Open acreage: 125,723 km² (49.59 %)

Main facts - 2014-2015 : 10 oil companies operating 19 deep offshore

blocks

9 deep offshore blocks awarded in August 2014 for the 10th round

Deep offshore exploration CAPEX of 1.2 billion US dollars invested in 2014

Large open acreage (33 blocks) associated with existing high prospectivity in deep and ultra-deep offshore

Key Elements of the Petroleum Sector

Key points in 2015 Current low oil prices have changed previous hypotheses on economy and

perspectives of the oil and gas industry

This new environment requires oil producing countries to review their strategies to adapt to this new context

Gabonese Approach Reduce the operating costs applied on oil and gas services to maintain the same

levels of oil and gas production

Review the economics of the oil and gas projects to guarantee a ”win-win” partnership between government and oil companies

Adapt the fiscal and legal terms to the fluctuation of crude oil prices.

Opportunities in deep offshore open acreage

F13

F12

F14 G14

E12

DIAMAN-1

LEOPARD-, 1 ² 2

Lessons of Deep Water Blocks:

The exploration wells drilled in deep waters show a new emerging basin in Gabon to deliver hydrocarbons in the presalt;

The main gas field “Leopard” discovered by Shell in 2014, currently in appraisal phase with the drilling of well Leopard-2, is going to prove the extension of this field;

33 open blocks are available, of which 5 blocks covered by a new 3D multi-client seismic data acquired by CGG. These data upgrade the resolution of the presalt image, reducing the exploration risks;

This leads to an environment of high prospectivity for the 5 open blocks of the 11th Round.

MBILANGONE 1 NYONIE DEEP 1

3D Multi-Client Seismic Data

CGG acquired in 2014-2015 a new 3D seismic survey of 25,000 km² in the southern basin of Gabon;

This seismic survey covers six (6) awarded psc’s in 2014:

Marathon Oil; Repsol; Petronas: Noble Energy; Impact oil & gas;

Five (5) open blocks: E-12, F-12, F-13, E-14 and G-14

which are available in this 11th round.

Blocks available to 11Th Round

Time Line of the 11th Round

27 October 2015: Announcement by H.E. The Minister of Petroleum and Hydrocarbon’s at Africa Oil Week (Cape-Town)

OPEN BLOCKS: E-12, F-12, F-13, F-14 AND G-14

November 2015 - March 2016: Conferences and Road Show Road Show:

Tuesday 24th November Libreville Thursday 26th November Paris Monday 30th November Singapore Thursday 3rd December Houston

Conferences: Nape Summit (Houston, USA ): 10 – 12th February 2016; Cape-VI (Abuja, Nigeria): 15 – 17th March 2016; 2nd Forum Oil & Gas (Gabon): end May 2016

December 2015 - March 2016: review/evaluation by the oil companies 31 March 2016: submission deadline ; 01 April 2016: bids review (opened and reviewed); 29 April 2016: announcement of selected bids; May & June 2016: negotiations; End of June 2016: signature of the PSC’s

General Rules for Tender Process

Ministry of Petroleum and Hydrocarbons is in charge of Bids Rounds;

Tender mechanism applied according to three principles

Transparency;

Competitivity;

Equity;

A minimum notation is required for bidder’s qualification;

Opening of offers and selection of companies will be made in public;

Qualification and Bidding Process

Profile of company’s financial strengths and technical

experience in deep water; Company environment practices; ‘‘Oil spill response’’ experience and policy Anti-piracy policy ; Social responsibility policy; Company local content policy.

For more information see our web site www.gabon11thround.com

Bidding Process

INTERESTS OFFERS’S * Oil Cie adresses individual Interests on open block to H.E. Minister of Petroleum

and Hydrocarbon’s (MPH Template available on website)

QUALIFICATION * Profile of company’s Financial Strengths (DW)

* Technical Experience (DW) * Experience of Submission in DW (3 years ago) * Individual Offer per Open Block in (MPH Template ) * Company Environment practices; * Oil spill response’’ experience and policy

OFFERS DELEVERY [31 MARCH 2016]

* Respect Dead line of Delivery Offer’s Delivery to MPH * Firm Offer in a Sealed Envelop (Grid Model MPH available on website)

EVALUATION AND RANKING [15 APRIL 2016]

* Communication of First Results by H.E. Minister of Petroleum and Hydrocarbon’s to each bidder with the anonymous of top leader notation on each block.

PUBLIC CONSULTATION [ 29 APRIL ):

* Public Reception of final or improved Offers ( sealed in envelop) * Opening Offers and Evaluation (in live with Oil Cies) * Communication by H.E. the Ministry of the top tree selected bids on each block. NOTE: Assistance of Lawyer (P.V.)

NEGOCIATION AND EXECUTION OF

CONTRACTS [ MAY-END JUNE ]

Conclusion

We invite any company or group of companies which are interested in the 11th round to visit our website www.gabon11thround.com or contact the following addresses for more information:

To license seismic data: CGG

Crompton Way, Manor Royal Estate Crawley, West Sussex RH10 9QN United Kingdom

Tel: +44 (0)1293 683000

E-mail: ………………….

For bid submission: H.E. Mr Etienne Dieudonné NGOUBOU

Ministre du Pétrole et des Hydrocarbures

B.P.: 874 & 576 Libreville Gabon Tel: ( 241 ) 01-77-85-02

E-mail:……………………

We invite all companies which believe in Gabon, to invest for a «Win/Win» partnership in those high prospectivity blocks of presalt plays in deep water.

Conclusion

THANK YOU FOR YOUR ATTENTION