Exploration Insights February 2020 | Page 4

4 | Halliburton Landmark Exploration Insights | 5 » Characterize reservoir presence and quality using sediment scaling relationships, structural and gross depositional environment mapping, and source-to-sink techniques 35°0'0"E N 70 The Egyptian Red Sea: Overlooked Potential in a Young Rift Basin 78 76 80 79 81 License Blocks 2019 Outcrops Dry Holes Depth (km) 0 90 1 180 100 Oil Shows Oil and Gas Shows 131 138 1D Model Section (Figure 3) 62 168 Continent-Ocean Boundary Rift Axis Transform Margin Heat Flow Data Points (mW/m²) 2 75 105 siliciclastic plays preserved within the hanging walls of basin-bounding faults, and in syn-rift carbonate plays overlying outboard faulted highs. Could the underexplored Egyptian Red Sea margin represent a new exploration frontier? Gas Shows 69 Oceanographic 90 3 Borehole 122 4 267 96 Saudi Arabia 75 5 25°0'0"N 154 161 106 25°0'0"N 181 171 Egypt PETROLEUM SYSTEMS OF THE EGYPTIAN RED SEA A study of the Egyptian Red Sea was recently carried out by Neftex ® Insights. Published datasets and regional analogues were integrated to produce a basin-scale assessment of the presence, distribution, and potential risk on individual petroleum systems elements in the Egyptian Red Sea, based on analysis of reservoir distribution and quality, hydrocarbon phase, and timing of charge. Our objectives were to: » Examine the influence of variation in burial depth, salt thickness, and heat flow upon charge risk using basin modeling and sensitivity analysis, carried out in Permedia ® petroleum systems modeling software 6 165 144 114 7 83 89 190 98 176 205 494 121 8 9 90 10 123 109 10 100 km Sudan 28 120 90 R e d S e a The northern Red Sea is a frontier deep-water province that is bordered to the west and east by the Egyptian and Saudi Arabian Red Sea rift shoulders, structurally isolated from the Gulf of Suez province to the north by the Dead Sea-Aqaba transform (Figure 1). Despite this separation, it forms a southerly extension to the exploration-mature Gulf of Suez rift system, and likely shares many of the key petroleum system elements of this prolific hydrocarbon province. Analogues from the Gulf of Suez indicate significant potential in Nubian and syn-rift International Boundaries 175 78 237 76 345 84 189 131 104 90 Aerial view of the Red Sea. Source: NASA. Recent exploration success in the Eastern Mediterranean has sparked renewed interest in the greater surrounding region, highlighting its potential as an emerging frontier for offshore exploration and attracting significant attention from international oil and gas companies. The 2019 GANOPE international bid round, which opened in March 2019, included ten blocks in the offshore Egyptian Red Sea, introducing new investment opportunities to the region (Figure 1). Legend 87 62 by: Sigrún Stanton and Natasha Dowey THE NEXT EXPLORATION FRONTIER? Due to the presence of thick, intra-formational Early– Middle Miocene shale and Middle–Late Miocene salt, the presence of effective seals was considered to have low potential exploration risk and was, therefore, not evaluated as part of this study. 35°0'0"E Figure 1> Basement relief map of the Northern Red Sea, emphasizing the structuration of the basin into a series of spatially diachronous rifted sub-basins. The Northern Red Sea is divided politically into the Egyptian Red Sea (west) and the Saudi Arabian Red Sea (east). Datasets used in this study are shown, including heat flow data from exploration wells and oceanographic sites (Pigott et al., 1996; Cochran and Martinez, 1988), along with the locations of wells and outcrops from which data were extracted and analyzed. Two clear trends can be observed in the heat flow datapoints: a gradual increase toward the south; and a more pronounced increase toward the central rift axis.