explorer - overview and pricing

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EUROPE, BLACK SEA, NORTH AFRICA COMMERCIAL OIL & GAS LICENSE ACTIVITY AND PERSONAL CONTACT INFORMATION Q1 2016 OVERVIEW AND PRICING

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EXPLORER is a commercial product for the onshore oil and gas markets in Europe. A 75 pp brief and a complete dataset are delivered quarterly, describing more than 800 licenses operated by 175 commercial entities in Europe and Africa.

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Page 1: EXPLORER - overview and pricing

EUROPE, BLACK SEA, NORTH AFRICA COMMERCIAL OIL & GAS LICENSE ACTIVITY

AND PERSONAL CONTACT INFORMATION

Q1 2016OVERVIEWAND PRICING

Page 2: EXPLORER - overview and pricing

What exactly will you get?

Each quarter, you will receive a detailed oil and gas brief (PDF) and comprehensive license information (XLS) and personal contact information. The files are provided in digital and print, on the following dates: Jan 20, Apr 20, Jul 20 and Oct 20.

Page 3: EXPLORER - overview and pricing

What is the added value?

Inside EXPLORER you will find:

BRIEF

• who is contracting seismic services?

• who is contracting drilling services?

• who is contracting for completions, pumping services?

• who is producing oil and gas, where, in what volumes?

• which service and supply companies are active

• which proppant, sand and chemicals are being used?

WHO’S WHO

• country by country overview of who’s active

• licenses held, wells drilled, results to date

• links to RFPs, tenders, invitations to bid

• detailed license maps by license holder

RAW DATA

• over 2000 license right and personal contact information

• analyze which are the best farm in/farm out opportunities

• perform detailed calculations on acreage valuations

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | BRIEF P. 5

Brief: Unconventional O&G in EU-28

Overthelasthalfyear,thenumberofEuropeanunconventionaloilandgaswellsdrilledhasincreased,althoughthemarketingeneralissluggish.

ThecurrenthotspotistheUK:alleyesareontheupcomingresultsofthe14thonshorelicensinground,expectedtoboostshalegasexplorationonthebackofestimatedgoodgeologyintheBowlandplay.

ExplorationinPolandison-goingbuthasbeenfadingoflate.Polandhasseenanumberofcompaniesrelinquishtheirlicenses.Inthemoststrik-ingly negative development, the one-time leader in exploration, 3LegsResources,decidedtogiveuponitsBalticconcessionsafterdisappointingresultsfromaproductiontestofoneofthewells.

ExplorationinPolandisnowlargelyontheshouldersofonlyafewcompanies.SanLeonEnergyandConocoPhillipscontinuetosaypubliclythattheywillcontinueoperatingtheirconcessions.OtheractiveoperatorsareBNKPetroleum,whichhasrecentlyannounceditisseekingapartnertoteamupforexplorationinPoland,state-controlledcompaniesPGNiGandOrlenUpstreamandChevron(thoughratherindirectlyviaknow-howanddatasharingagreementwithPGNiG).

Ontheotherhand,Denmarkwillsee its firstshalegaswellbyQ12015,drilledbyTotalE&PDenmarkandstate-ownedDanishNorthSeaFund.

Romaniasawawaveofenvironmentalistsprotests,whichdelayedcompletionofaChevron’sshalewell.Chevron,whichalsohasrightstoex-plorethreelicenceblocksneartheBlackSea,doesnothaveplanstousefrackingunderitsfive-yearexplorationprogramme,meaningtheirexplo-rationprogramhasstalled.

InSpain,theSpanishConstitutionalCourtdeclaredtwoantifrackinglawspassedbytheregionalparliamentsofCantabriaandLaRiojainAprilandJune2013,respectively,asunconstitutional.Atthismoment,thereare70licensesapprovedbySpain’soilandgasministry,57arebeingexaminedforapproval,and23licenseswereissuedforhydrocarbonproduction.Devel-opmentofunconventionaloilandgascouldtakeplaceonsomeofthoseconcessions,althoughSpaindoesnotmakeadifferencebetweenconven-tionalandunconventionalpermitting.

ElsewhereinEurope,shalegasishardlyinfavorwithauthoritiesthathaveadecisivesayingettingexplorationofftheground,astypicallygov-

ernmentsowntherightstomineralresources.

TheNetherlandsandIrelandhavebothputatemporarybanonfrack-ingaheadoffurtherresearch.Germanyhasbeenworkingonstringentrulesregardingfracking.Accordingtotheplannedregulation,ifacompanydecidestofrackthenitmustfollowstrictregulationsandmeetcertainconditionssuchasamandatoryEIA.Frackingprojectsforcoalbedmeth-ane(CBM)orshalegaslessthan3000metersdeeparetobebanneduntil2021.

Bulgaria,France,LuxembourgandtheCantonofFribourginSwitzer-landhaveeffectivemoratoriumsonexploratorydrilling.NorthIrelandre-centlyrejectedanapplicationsubmittedbyTamboranResourcestodrillanexploratorywellduetoenvironmentalconcerns.•

0

100

200

300

400

500

600Others

United Kingdom

Sweden

Spain

Poland

Germany

2014 Q42014 Q32014 Q22014 Q1

0

100

200

300

400

500

600Q4Q3Q2Q1

0

500

1,000

1,500

2,000

2,500

Others

United Kingdom

Sweden

Spain

Poland

Germany

No. of wells

Concessions Wells Concessions Wells Concessions Wells Concessions Wells

LICENSING DOWN, DRILLING UP CONCESSIONS AND WELLS

On top of the unimpressive pace of exploration in Europe to date, there lies a political ques-tion: what direction will the new European Commission (in office since November 1) give the EU in terms of development of its energy mix? The Commission will definitely want to address the issue of some €400bn that the bloc pays each year for energy imports, much of it for gas.

SOURCE: CLEANTECH RESEARCH

EXPLORER INTEL: HOT SPOT UK

Over the last half year, the number of European unconventional oil and gas wells drilled has increased, al-though the market in general is slug-gish. The current hot spot is the UK: all eyes are on the upcoming results of the 14th onshore licensing round, expected to boost shale gas explora-tion on the back of estimated good geology in the Bowland play. Explo-ration in Poland is on-going but has been fading of late.

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | BRIEF P. 7

71

POLAND

SWEDEN

UNITEDKINGDOM

DENMARK

GERMANY

SPAIN

FRANCE

CZECH REPUBLIC

HUNGARY

ROMANIASLOVENIA

LITHUANIA

CROATIA

SLOVAKIA

LATVIA

BULGARIA

SWITZERLAND

IRELAND

NETHERLANDS

1

19

13

UKRAINE

BELARUS

RUSSIA

RUSSIA

ITALY

AUSTRIA

PORTUGAL

BELGIUM

ESTONIA

FINLAND

LUXEMBURG

BOSNIASERBIA

MACEDONIA

ALBANIA

MONTENEGRO

GREECE TURKEY

NORWAY

EU-28 unconventional O&G activity

Countrieswhereactiveexploration(i.e.drilling)takesplace

LEGEND

Othercountriespotentiallyinter-estedindevelopmentofunconven-tionaloil&gas

Countrieswithmoratoriumsonhydraulicfracturing

Lackofcommercialinterest/nationalinterest

Wells

Of major trends that play a role in the development of unconventional oil and gas in Europe, three could be in favor: EU’s climate policy that could push utilities away from coal toward gas, the crisis in relationships with Russia over its invasion of Ukraine, and the EU’s idea of so-called Energy Union. Falling oil and gas prices, on the other hand, discourage investment in unconventionals that are seen risky by financiers.

Unconventionaloil&gasbasins

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | WHO’S WHO UK P. 14

Belfast

Birmingham

Bristol

London

LiverpoolManchester

Glasgow

Aberdeen

United Kingdom

EXPLORER INTEL: NEW OPPORTUNITIES?

Numberofconcessions:

188Numberofwellsdrilledtodate:

13Numberofactiveoperators:

6Shalegasreservesestimate:

3,681 bcm Percentageofimportedgasintotalgasconsumption:

65%Current concessions

Areas under 14th licensing round

Page 4: EXPLORER - overview and pricing

Who uses the data?

The EXPLORER is used by two target groups:

OILFIELD SERVICE AND SUPPLY COMPANIES

Developed for the needs of business development managers and key account managers, the EU EXPLORER provides current contact information to all senior and C-level decision makers, so you don’t waste time looking for the wrong person at the wrong company.

FINANCIAL & INSTITUTIONAL PROFESSIONALS

Are you estimating resources in place? Calculating forward supply curves? Responsible for briefing your institution about onshore oil and gas? EU EXPLORER works for financial and institutional profes-sionals who need timely, key data, detailed maps and information.

Page 5: EXPLORER - overview and pricing

What does it cost?

The EXPLORER is available as a subscription:

• 1500 EUR per quarter

• Risk free for 30 days

• 2 year contract term

• Customized segmentation, at no added cost

Subscribe today and receive the following modules at no added cost:

Q1 2016 - Midstream gas pipelines overview

Q2 2016 - German turnover refinery market

Q3 2016 - Middle East oil and gas markets

Q4 2016 - LNG trade throughout EMEA

Page 6: EXPLORER - overview and pricing

EU-28 DATABASE ON COMMERCIAL LICENSE RIGHTS AND PERSONAL CONTACT INFORMATION | WHO’S WHO POLAND P. 9

CONTACT INFORMATION

CURRENTLY VALID CONCESSIONS

Name Acreage (km²) Wells

Wejherowo 731 8

Kartuzy-Szemud 783 1

StaraKiszewa 1,178 2

"172" 937 -

"173" 937 -

"192" 922 -

"193" 942 -

Kock-Tarkawica 1,028 1

Wiszniów-Tarnoszyn 1,106 1

TomaszówLubelski 741 2

GórowoIławeckie 1,094 -

PakosławKrotoszyn 1,096 -

CONTRACTORS

CompanyService

typeScope of service

GeofizykaToruń(GT),GeofizykaKraków

Seismic undisclosed

ExaloDrilling Drilling undisclosed

Tenaris Pipes Pipes(Pup-joints,x-overs,tubing)

Poland’snationaloilandgascompanycon-tinues to prospect its unconventional gasacreage, mainly with respect to shale gas.The company’s strategy for 2014-2022listsshalegasasoneofE&Ppriorities,withcommercial production of gas from shalestheultimategoal,althoughdependingonanumberoffactors,primarily:

• correctestimationofresources

• teaming up with external partners toprospect acreage (the company is al-ready cooperating with Chevron onfour concessions: Tomaszów Lubelski,Wiszniów-Tarnoszyn, Zwierzyniec, andGrabowiec)

Thecompanyisnowmovingontohorizon-taldrillingandhydraulicfracturingofTępcz,Mingajny-1, Miłowo-1, Opalino-4, Opali-no-3 and Lubocino-3H wells in the BalticBasin;tendersfortheseservicesarestilltobeannounced.

Thecompanyearmarkedabout€70mil-lion for shale gas exploration in Poland in2015.Themoneywillalsogotowarddrillingofaround10wellsinprospectiveBalticBa-sin concessions such asWejherowo, StaraKiszewo.

On thedomesticmarket,PGNiG isun-der strong competition as the private gasmarket grows; from Jan 2013 increasingvolumesofgashavetobetradedintheopenmarket.

PGNiG IN 2015

Łódź

Poznań

Wrocław

Rzeszów

Olsztyn

Gdańsk

Szczecin

WARSZAWA

Lublin

Bydgoszcz

Katowice Kraków

Concession area

RECENT AND CURRENT TENDERS

Service Scope Announced Deadline Link Contact person

DrillingReconstruction

oftheNiebieszczany-1well03/01/2015 15/01/2015

http://ted.europa.eu/udl?uri=TED:NOTICE:2847-2015:TEXT:PL:HTML

JustynaCzuprynska,tel.:(+48)[email protected]

At the moment, there is no information about further tenders.

Title First Name Last Name Phone EmailPresidentofthePGNiGManagementBoard Mariusz Zawisza (+48)225894555 [email protected]

Vice-President,Finance Jarosław Bauc (+48)225894555 [email protected]

Vice-President,ExplorationandProduction Zbigniew Skrzypkiewicz (+48)225894555 [email protected]

Director,GeologyandProduction Jarosław Polit (+48)225894555 [email protected]

Vice-Director,GeologyandProduction Andrzej Maksym (+48)225894555 [email protected]

Director,Exploration Maciej Nowakowski (+48)225894555 [email protected]

HeadofInvestorRelation Adam Kucza (+48)225894555 [email protected]

Coordinatorfordrillingequipment Marian Szymczak (+48)603963855 [email protected]

SAMPLE PAGE

Page 7: EXPLORER - overview and pricing

PARKER SNYDEREXECUTIVE DIRECTOR(+48) 517 469 [email protected]

POWERED BY

Contact details:

Cleantech Poland Sp z o.o.

ul. Krucza 51/31

00-022 Warsaw, Poland

email: [email protected]

www.cleantechpoland.com

Wojciech Kość

Editor in Chief

tel: (+48) 602 458 099

[email protected]

Piotr Wdowiński

Principal Analyst

tel: (+48) 883 307 160

[email protected]

Natalia Szydlak

Customer Service

tel: (+48) 694 601 658

[email protected]

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