RAK 2018 LICENSE ROUND Information Session

RAK Licensing Round 2018

2018 Ras Al Khaimah Licensing Round United Arab Emirates

RAK 2018 Licensing Round 2

His Highness Sheikh Saud Bin Saqr Al Qasimi - Member of Supreme Council Ruler of Ras Al Khaimah

Replace His Highness Sheikh Mohamed Bin Saud Al Qasimi - Crown Prince of Ras Al Khaimah

Ras Al Khaimah Government

The Government of Ras Al Khaimah, one of the seven emirates of the UAE, is conducting a formal licensing round covering all of its onshore and offshore acreage. Ras Al Khaimah’s National Oil Company, RAK Gas, will conduct and manage the licensing round on behalf of the Government.

Licensing round officially opened on 1st April 2018.

Attractive commercial terms.

Exploration acreage in an established hydrocarbon province.

New data: 2,200 km² offshore 3D, FTG onshore and offshore.

Undeveloped oil, mature gas-condensate redevelopment and near field exploration opportunities.

Existing infrastructure and access to local and international markets.

RAK 2018 Licensing Round 3

RAK License Round Opportunity

License Round Term Sheet: • EPSA Contract • Companies to Bid on Profit Oil • 1 Well in first Exploration Period (offshore),

Seismic acquisition (Onshore) • RAK Gas to be carried (10%) during the

Exploration Period

RAK GAS - Business Plan 4

RAK 2018 Licensing Round 4

Dolphin’s Pipeline Al Ain - Fujeirah

Emarat Pipeline Network

Bukha Producing Since April 1994

West Bukha Producing Since Feb 2009

Saleh field

UAQ Atlantis Producing since May

2008

RAK

UAQ

Sharjah

Al Ain

Al Hamra

Fujeirah

RAK Gas plant

A well developed HC export infrastructure network.

Available ullage in RAK Gas owned pipelines. Musandam Gas Plant

Fields and Facilities

Ras Al Khaimah and surrounding fields

Bukha

Tibat

Mubarek

UAQ

Sajaa

RAK-B

Saleh

Henjam/West Bukha

Ajman

> 10 producing oil and gas fields within a 70Km radius

Saleh Gas field RAK B undeveloped oil discovery

RAK 2018 Licensing Round 4

The Arabian Plate-BGS, 2014

RAK 2018 Licensing Round 5

BGS, 2014

Compression-Onshore to Shallow Offshore Extension (salt-related) - Offshore Areas

Composite seismic line from RAK

RAK 2018 Licensing Round

Regional cross-section

6

Re-activation

Exploration Portfolio rejuvenation

Use Play Based Exploration (PBE), to

build a rejuvenated Exploration Portfolio.

Review of existing data

RAK complex geology, unique in UAE, creates multiple play opportunities.

All studies available in the RAK 2018

DataRoom.

RAK Exploration plays cartoon

10 Km

RAK 2018 Licensing Round 7

RAK Offshore : Different trapping styles

Offshore Seismic Line

RAK 2018 Licensing Round 8

RAK Onshore : Large inverted structures

RAK 2018 Licensing Round

North

JURASSIC

CRETACEOUS

TRIASSIC

PERMIAN

9

Onshore : Inverted Graben and Shallow DHI’s

RAK 2018 Licensing Round 10

NW SE RKL-83-27

Triangle Zone Accretionary Wedge

Inverted graben

Reactivated Extensional Faults

Offshore : New 3D seismic as a Game Changer

A renewed understanding of RAK Offshore prospectivity

11 RAK 2018 Licensing Round

The Government of Ras Al Khaimah, one of the seven emirates of the UAE, is conducting a formal licensing round covering all of its onshore and offshore acreage. Ras Al Khaimah’s National Oil Company, RAK Gas, will conduct and manage the licensing round on behalf of the Government.

Licensing round officially opened on 1st April 2018.

Attractive commercial terms.

Exploration acreage in an established hydrocarbon province.

New data: 2,200 km² offshore 3D, FTG onshore and offshore.

Undeveloped oil, mature gas-condensate redevelopment and near field exploration opportunities.

Existing infrastructure and access to local and international markets.

RAK 2018 Licensing Round 13

RAK License Round Opportunity

License Round Term Sheet: • EPSA Contract • Companies to Bid on Profit Oil • 1 Well in first Exploration Period (offshore),

Seismic acquisition (Onshore) • RAK Gas to be carried (10%) during the

Exploration Period

RAK 2018 Licensing Round

Thank You

RAK 2018 Licensing Round 15

Ras Al Khaimah O&G : A brief Summary

• Historically gas production has come from Saleh, Bukha, UAQ field, and West Bukha

• Today Saleh is shut in, Bukha and West Bukha have been diverted to Musandam Gas Plant, UAQ field is in significant decline

• 2015 – licenses held by DNO (RAK B, Saleh, RAK Onshore), Baqal (Onshore block), Dahan, (offshore Block), Atlantis (RAK C)

• 2016-2017 – systematically returned all licenses to the government except for RAK C

• Today gas is supplied to RAK from three major sources:

o Dolphin gas pipeline transporting natural gas from Qatar to UAE and Oman (~70%)

o Umm al Quwain field (~17%)

o MGP in Oman (0-12%).

• Potential of Oil & Gas Natural resources in Ras Al Khaimah has not been fully explored. Preparatory activities for a new Off-shore exploration round have been commenced.

License Status in 2015

The Arabian Plate-BGS, 2014

RAK 2018 Licensing Round 25

Ras Al Khaimah and surrounding fields

Bukha

Tibat

Mubarek

UAQ

Sajaa

RAK-B

Saleh

Henjam/West Bukha

Ajman

> 10 producing oil and gas fields within a 70Km radius

Saleh Gas field RAK B undeveloped oil discovery

RAK 2018 Licensing Round 26

BGS, 2014

Compression-Onshore to Shallow Offshore Extension (salt-related) - Offshore Areas

Composite seismic line from RAK

RAK 2018 Licensing Round

Regional cross-section

27

Regional Saleh Line: Different trapping styles

RAK 2018 Licensing Round

North

JURASSIC

CRETACEOUS

TRIASSIC

PERMIAN

29

Understanding the tectono-stratigraphy and trap types

EXTENSIONAL TRAPS

COMPRESSIONAL TRAPS

REACTIVATED EXTENSIONAL FAULTS

RAK 2018 Licensing Round 9