Afren (Presentation) - Proactive Investors
Afren (Presentation) - Proactive Investors
Afren (Presentation) - Proactive Investors
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Initial focus on West Africa<br />
Highest growth in proved reserves…<br />
… with significant reserves in West Africa<br />
Africa<br />
Proved Oil Reserves<br />
Total: 50 billion barrels<br />
Proved Gas Reserves<br />
Total: 219 Tcf<br />
Europe<br />
Middle East<br />
South America<br />
77%<br />
81%<br />
Asia Pacific<br />
North America<br />
-50% 0% 50% 100% 150%<br />
Note : Growth over 1985 to 2005 period<br />
18%<br />
Nigeria Angola Equatorial Guinea Congo Gabon<br />
◦ High margin barrels<br />
◦ Established oil industry / infrastructure<br />
◦ Gas commercialisation in infancy<br />
◦ Most prospective accessible exploration province in world<br />
◦ 30 bboe to be discovered in Nigeria (16 bboe onshore)<br />
◦ Majors – mature onshore position<br />
◦ Proved fields overlooked / undeveloped by Majors<br />
www.<strong>Afren</strong>.com - October 2007<br />
8<br />
Source : Waterous & Co, OPEC Annual Statistical Bulletin 2003, BP Statistical Review of World Energy
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