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Exploration & production

We have over 20 years’ experience in exploration and production (E&P). During this time we have successfully developed and managed a range of projects, in geographies as diverse as the Philippines and the Former Soviet Union (FSU).

Today, through Vitol E&P and Arawak Energy, wholly owned subsidiaries of the Vitol Group, have upstream assets in West Africa, Eastern Europe, Central Asia, the Middle East and the US.

Our E&P team comprises highly experienced asset managers and senior technical staff with many years of industry experience managing sub-surface and project risk.

In addition to managing our upstream assets, the team works closely with the rest of the business, providing complementary advisory services and technical expertise to initiatives involving energy reserves and similar assets.

Read more about our projects and involvement, past and present, around the globe.

Ukraine

Arawak Energy holds a 50% interest in Geo-Alliance, the operator of 3 production permits and 13 exploration/pilot production permit areas, covering approximately 1,090 square kilometers, in Ukraine.

15 of Geo-Alliance’s permits are located in the prolific Dnieper-Donets basin, an area with a long history dating back to the 1950 commercial discovery of the giant 18 trillion cubic feet Shebelinka gas field. The basin has since had discovered reserves totaling 1.6 billion barrels of oil and 59 trillion cubic feet of gas.

In 2016, Geo-Alliance’s average production exceeded 675 million cubic metres per day and it’s average oil and condensate production exceeded 1000 barrels per day. Most of the production volumes are from the 27 square kilometer gas-condensate Lutsenkivske field, in multiple stacked sandstone reservoirs of the Carboniferous age, at depths reaching beyond 5,000 meters.

The producing fields are serviced by a well-developed gas transportation infrastructure. Geo-Alliance owns 60 kilometers of pipeline connecting its producing wells to proprietary gas treatment and storage facilities, which are tied into the Ukrainian gas transmission network. A new LPG plant was commissioned in December 2016.

Mexico

In August 2014. Pemisa, a subsidiary of Vitol Mexico, acquired a development service contract from Pemex coinciding with the recent major national energy reform. There is now a path to migrate this fee-based service contract to a production sharing contract (PSC).  The contracted Miahuapan Block (158 square kilometers) is onshore on the Gulf side of Central Mexico, in one of the oldest producing basins of Mexico.

In its short time as operator of the block, Pemisa has established a new office and field operation, increasing production by more than 40%. Several prospective opportunities have been identified in the block, offering wide-scale resources.

Kazakhstan

Arawak Energy currently owns a producing block in Kazakhstan. In 2011 final government approval was granted for the acquisition of Maersk Oil’s 60% interest in the Saigak field; Arawak thereby becoming 100% owners of this license and the operator of the field. This block is located in the west of the country in the Pre-Caspian Basin, which is ranked among  the world’s most prolific basins.

Azerbaijan

From 1998 until April 2010, Arawak Energy held a 37.17% non-operated interest in Commonwealth Gobustan Limited (CGL), a joint venture company holding an 80% stake in the Exploration, Development and Production Sharing Agreement (EDPSA) covering the South West Gobustan oil and gas fields. In April 2010 Arawak Energy took over operatorship of CGL and now owns 100% of the company.

The South West Gobustan EDPSA consists of three separate onshore blocks covering a total area of 600 square kilometers, and is located 50 kilometers from the capital city, Baku. The hydrocarbon reservoirs in this area are primarily Pliocene sandstones of the “Productive Series” as well as underlying Oligocene and Miocene sandstones. Additional exploration potential exists in deeper Cretaceous and Jurassic carbonate reservoirs. Drilling targets as mapped on existing 3D and 2D seismic data range in depth from 250 meters to 4,500 meters.

UAE

Arawak Energy owns 50% of UAQ Petroleum Ltd. and is operator of the 747 square kilometer concession for exploration and development covering the onshore territory of the Emirate of Umm Al Quwain (UAQ), UAE.

To date UAQ has had very little exploration activity despite being in a highly prospective and proven hydrocarbon province, surrounded by prolific oil and gas/condensate fields to the west on the Arabian Platform as well as north and south along the fold/thrust belt of the Oman Mountains.

In the adjacent Emirate of Sharjah, the near offset Sajaa Field (reserves exceeding 4 trillion cubic feet of gas and 450 million barrels of condensate) is the analogue for prospects identified on UAQ 3D seismic mapping. Arawak is conducting exploration work.

Russia

Arawak Energy has a 50% non-operated interest in the Petroneft Tomsk appraisal Block 67 located in the West Siberian Basin, the FSU’s largest oil and gas producing region in terms of both area and recoverable reserves.

In June 2015, Arawak Energy closed the sale of its operated Komi assets located 1,500 kilometers northeast of Moscow in the prolific southern Timan-Pechora Basin. Over the last 20 years the company produced 43 million barrels of oil, bought out 3 partners, and through the sale of its 3 mature producing and 4 exploration blocks, crystallized substantial value to focus on new opportunities.

Exploration & production news

Worldwide location

We understand that every market is different and that our customers and their requirements are as diverse as the world in which we live. With more than 40 offices worldwide our colleagues comprise over 60 nationalities...