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OTC 20879

Perdido Development: Great White WM12 Reservoir and Silvertip M. Frio


Field Development Plans and Comparison of Recent Well Results with
Pre-Drill Models
Vern Eikrem, Ruijian Li, Michael Medeiros and Bryce McKee / Shell Exploration and Production Co.
Ed Shumilak, Betsy Boswell and Raj Mohan / Shell International Exploration and Production Inc.
Copyright 2010, Offshore Technology Conference

This paper was prepared for presentation at the 2010 Offshore Technology Conference held in Houston, Texas, USA, 36May2010.

This paper was selected for presentation by an OTC program committee following review of information contained in an abstract submitted by the author(s). Contents of the paper have not been
reviewed by the Offshore Technology Conference and are subject to correction by the author(s). The material does not necessarily reflect any position of the Offshore Technology Conference, its
officers, or members. Electronic reproduction, distribution, or storage of any part of this paper without the written consent of the Offshore Technology Conference is prohibited. Permission to
reproduce in print is restricted to an abstract of not more than 300 words; illustrations may not be copied. The abstract must contain conspicuous acknowledgment of OTC copyright.


Abstract

The Great White and Silvertip Fields are located in the southern Alaminos Canyon area of the far western Gulf of Mexico.
Shell is the operator of the Great White and Silvertip Fields. Along with Shell, Chevron and BP are the Great White JV
partners. Chevron and Shell are JV partners in the Silvertip Field.

This paper will provide an overview of the current Great White Field WM12 reservoir development plan, will compare the
results of the recent six development wells with the pre-drill predictive model, and the impact of the well results on our
understanding of this frontier area, Paleogene age reservoir. In addition, excellent results in two horizontal wells drilled in
the Silvertip Field shallow M. Frio reservoir are also highlighted along with the well construction challenges in drilling and
completing them.

Oil in the Great White Field WM12 Sand reservoir is trapped in a large, highly faulted anticlinal structure. A high-resolution
3D seismic survey shot over the field has enabled us to map this structurally complex field reservoir in detail, identify
hundreds of faults, and estimate reservoir thickness and quality away from sparse exploration and appraisal well control.

The Great White JV partnership plans a staged development of the WM12 Sand reservoir. Staged development of this
frontier area, ultra-deepwater field mitigates the downside production risk associated with Great Whites structural
uncertainty, the scarcity of well data, the lack of reservoir production data, and the potential for reservoir
compartmentalization due to sub-seismic faulting and / or stratigraphic barriers to flow.

Development drilling at Great White began in 2007 and to-date six pre-drill wells have been drilled and completed prior to
first oil. Well results drilled prior to first oil at the Perdido Spar and at the subsea Southwest Cluster locations are in-line
with our pre-drill expectations and so far, have confirmed our large estimated oil-in-place volume in the WM12 Sand
reservoir in the field.

The M. Frio oil reservoirs at Silvertip Field are located in shallow M. Frio canyon-fill sands. The M. Frio is relatively
unconsolidated and contains high viscosity, heavy oil. Because the M. Frio reservoirs are relatively shallow, drilling margins
are very low and the wells push the boundaries of extended reach drilling. With detailed planning, we have been successful
in drilling and completing these long horizontal wells and had better than expected well results.





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Introduction

The Perdido Development Project will develop and produce hydrocarbons from three separate deepwater fields in a frontier
area of the western, ultra-deepwater Gulf of Mexico. The Perdido Development area is located in the southern Alaminos
Canyon area of the Gulf of Mexico about 200 miles south of Freeport. The Perdido Development area is shown in the
location map in Figure 1.

The Perdido project is comprised of three fields: Great White, Silvertip, and Tobago. Great White Field is by far the largest
of the three fields. These three fields will be produced via the Perdido Spar production facility located at Great White. The
Perdido Spar is located in water depths of about 8000ft on a plateau above the Gulf of Mexico abyssal plain. Oil and gas will
be exported from the Perdido Spar utilizing pipeline systems linking into existing oil and gas pipelines. Production from the
Perdido Development will start in early 2010.

The Great White Field is contained within the single, 6 OCS block, Great White Alaminos Canyon 857 Unit. The Great
White AC857 Unit is operated by Shell. Chevron and BP are joint venture partners in the Great White AC857 Unit
development. The Silvertip Field is contained within the single, 2 OCS block, Tobago Alaminos Canyon 859 Unit. The
Tobago AC859 Unit is operated by Shell. Chevron and Nexen are partners in the Tobago Unit development.

The Perdido Spar has full offshore processing, water injection, and export capabilities. The majority of the development
wells at Great White Field will be clustered under the spar such that direct vertical access to the subsea wells can be achieved
from the Perdido Spar rig for drilling, completion, and other well interventions. Similarly, the spar rig can access and repair
the subsea boosting systems under the spar. The remaining Great White wells will be drilled from remote subsea locations.
The largest of these is the Southwest Cluster drilling center located in the southwestern corner of OCS block AC857.

The Perdido Development is the first Paleogene development to come on-stream in the Gulf of Mexico and the Perdido Spar
is now the deepest spar in the world. Because the Perdido development is in a frontier area of the Gulf of Mexico, there is
significant remaining uncertainty in predicting Paleogene reservoir productivity.

Great White and Silvertip Exploration, Appraisal, and Development History

The Great White Field was discovered in April 2002 by the AC857-1 exploratory well. Exploration, appraisal, and
development activities performed to date in the Great White AC857 Unit include the drilling of eight exploration and
appraisal wells and one sidetrack. This was followed by the drilling of six development wells at the Great White Field
between late 2007 and late 2009. Three major oil bearing reservoir sequences have been discovered to date: the M.
Oligocene age M. Frio Sands, the L. Eocene age U. Wilcox WM12 Sand, and the L. Paleocene age L. Wilcox WM50 Sands.
WM12 appraisal of the field included drilling of seven wells. These wells have extensive datasets including core in four of
the appraisal wells. The M. Frio was appraised by five wells. A significant amount of M. Frio reservoir data was gathered
including whole core in two wells and an OVT production test in another. The only WM50 Sd. penetration to date is a
bypass of the discovery well, AC857-1BP1, drilled in 2002.

The Silvertip Field was discovered in 2004 by the Chevron operated AC815-1 well. This well penetrated and evaluated a
number of shallow, heavy oil bearing M. Oligocene age M. and L. Frio Sand reservoirs. No further appraisal drilling was
done at Silvertip after the discovery wells were drilled. Fluid and rock data was gathered at Silvertip in the AC815-1 well.
After project sanction, two M. Frio horizontal development wells have been successfully drilled and completed in Silvertip
M. Frio Sds. in late 2008 and early 2009.

Great White Geology and Reservoirs

The Great White Field is a heavily faulted, northwest-southeast trending anticlinal fold associated with a deep, down-to-the-
southeast reverse fault. The Great White Fields structure is one of a large number of en-echelon anticlinal folds that make
up the Perdido foldbelt. While the main anticlinal fold is the most prominent structural feature; later, pervasive, normal
faulting and collapse associated with salt withdrawal formed a series of normally faulted blocks in the northern and central
parts of the field. At the WM12 Sd. reservoir level, the field can be broadly divided into four areas: (1) the large, relatively
unfaulted, northeast-southwest trending main anticlinal high, (2) the highly faulted central and structurally low graben areas
of the field, (3) the structurally higher northern area of the field that is separated into numerous, eastwest trending, fault
blocks, and (4) the small eastern, four way dip closure in the graben area southeast of the main anticlinal structure. A
shallow Miocene seismic amplitude and velocity anomaly, the so-called Big Mac, creates a significant seismic absorption
or wipe-out zone over the center of the field and impacts reliable characterization of each reservoir.

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The shallowest reservoir sequence at Great White is the heavy oil bearing M. Oligocene age M. Frio Sands. To date, oil has
been encountered in a total of six, stacked, shallow reservoir sands. A seismic cross-section showing the stacked M. Frio
reservoir sequence is shown in Figure 2. The Frio productive area is estimated to be approximately 7500 acres and the total
M. Frio OIP could be two billion boe. Total reservoir pay thickness can amount to over 300ft in the crestal areas of the field.
However, the M. Frio reservoirs contain biodegraded 18API, low GOR oil with a viscosity of 6-20cp. In addition, the M.
Frio reservoirs are buried to a depth of only 1500 to 3500ft below the mudline. The M. Frio sands are feldspathic litharenites
with an unusual abundance of unaltered volcanic glass. Low overburden stresses result in the M. Frio Sands remaining
uncompacted. This lithology and the lack of mechanical compaction results in very porous, compressible reservoir sands.
Porosity averages 35%. The compressibility of the M. Frio means that significant uncertainties remain in predicting M. Frio
development well performance, including: the impact of compaction drive, the increased likelihood of compaction related
well failure, and reservoir permeability degradation with pressure depletion. In addition, contradictory measurements of the
initial permeability distribution in the reservoir make estimating initial well productivity difficult.

The major Great White L. Eocene age U. Wilcox WM12 Sand reservoir is a single, high net-to-gross ratio (~90%), 60 to
110ft thick oil sand that appears to be continuous over most of the Great White structure. A top WM12 amplitude and
structure map are shown in Figure 3. Net pay in the WM12 Sd. reservoir ranges from 50 to 100ft. Average porosity ranges
from 25 to 30% and average permeability ranges from 50 to 250md. The WM12 Sand oil is a volatile, high GOR, high
shrinkage, 36API gravity crude. The oil column is graded with slightly heavier oil downdip and lighter oil updip. No oil-
water-contact has been penetrated to date in the WM12 Sd. at Great White Field. Currently, the total oil-in-place in the U.
Wilcox WM12 Sd. is estimated to be approximately 900 million boe based on Shells seismic interpretation and well results
to date. The WM12 Sd. is primarily composed of a ponded, amalgamated, lobe sequence. The WM12 Sd. is truncated to the
southwest due to erosion of the WM12 Sd. by a large bypass canyon complex. The WM12 Sands are lithic arenites and are
much more quartzose than the Oligocene M. Frio Sands. The WM12 Sand reservoir sequence is easily correlated among the
Great White wells. Significant non-permeable heterogeneities seen in the core include calcite streaks or nodules and rare,
thin shale laminations.

The deep, L. Paleocene L. Wilcox WM50 Sands at Great White consist of a 1000ft thick sequence of amalgamated sands that
are correlatable over a large area in the Perdido foldbelt. The WM50 has been subdivided at Great White Field into the
WM50A, B, C, and D sands. Oil is likely present in each sand package, but the WM50A and WM50B sands have apparent
oil-water contacts underlying relatively small hydrocarbon columns. The WM50 Sand oil is interpreted to be a light crude at
approximately 40API. Structural interpretation at the WM50 level is very difficult given the poor imaging of this deep
reservoir. At Great White, the WM50 Sands were likely deposited as a stacked series of amalgamated sheet or turbidite lobe
sands. The WM50 Sand in the Perdido area wells has a high sand percent (N/G > 75%) and low porosity (<15%). The sands
are sublithic to subarkosic arenites, and are more quartzose than any other Great White reservoir. The sand is heavily quartz
cemented, but has little clay content. WM50 permeability measured to date at Great White is less than 5mD and averages
about 2mD.

Silvertip Geology and Reservoirs

The Silvertip Field occupies one of a number of northeast-southwest-trending, compressional fold-thrust structures in the
Perdido fold belt. The narrow, southwest plunging Silvertip anticlinal structure is located approximately 6 miles east of the
en-echelon Great White anticline. The prospective reservoirs at Silvertip Field are in the M. Oligocene M. and L. Frio
reservoir sands.

The Silvertip Frio hydrocarbon accumulations are formed by a simple three-way dip closure plunging to the southwest.
Overlying salt obscures the northeast closure. There are no major faults within the Silvertip Frio reservoirs, but there is
minor faulting on the flanks and downdip to the southwest. Like Great White Fields M. Frio reservoirs, the extent of the M.
and L. Frio hydrocarbon accumulations at Silvertip Field can be predicted based on the high amplitude Frio seismic response
on the northern flank of anticline. These high amplitude areas have a good fit to structure. A map showing the top M. Frio
structure at Silvertip is shown in Figure 4.

The Silvertip Frio Sands have only been shallowly buried, typically from 4000 to 5500ft below the mudline. Shallow burial
depths result in low overburden stresses and highly unconsolidated and uncompacted sand. A total of approximately 0.5
billion boe is likely in-place at Silvertip field in a number of Frio reservoirs. These reservoirs contain biodegraded, 16 to
18API gravity oil with a low GOR and a viscosity of 14cp. Porosity in the M. Frio Sds. averages 34%. The two oil bearing
L. Frio Sands are relatively thin and have very low permeability. The loss in permeability in the L. Frio is related to the
presence of zeolite pore-fill in these sands.

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The Silvertip Frio sands are unconsolidated feldspathic litharenites. There is an abundance of volcanic glass in the M. Frio
Sands that together with the low vertical effective stress results in high porosity and compressibility.

There are two main Silvertip M. and L. Frio reservoir architecture types apparent from seismic facies analysis calibrated to
Silvertip Field well control. There are thick, incised, by-pass canyon fills that are filled with excellent quality, high net-to-
gross, amalgamated sand. These by-pass canyons typically incise older, relatively laterally extensive amalgamated sheet
sands.

Seismic Data Available

Seismic quality over these fields is considered to be good to excellent, and the Oligocene and Eocene objectives discussed
here are supported by seismic amplitude anomalies related to hydrocarbon fluid fill. The current Great White development
plan is based on the well results to-date and a proprietary 3D seismic survey acquired during the summer of 2003. A
preliminary version of the data was delivered through full PSDM processing in November 2004. The most recent TTI (tilted
transverse isotropy) Gaussian beam migration reprocessed version of the data being used in the current evaluation work was
delivered in September 2006.

The Silvertip development plan is based largely on a proprietary 3D survey acquired in 2003. A preliminary version of the
data was delivered through full PSDM processing in 2004. This dataset has been used for the mapping and development of
the M. Frio Sand reservoirs at Silvertip.

Great White WM12 Staged Development Plan

The Great White joint venture partnership plans a staged development of all its reservoirs, including the large WM12 Sand
reservoir at the Great White Field. The WM12 Sand reservoir is the anchor reservoir for the Perdido Development and
contains an estimated 900 million boe of in-place volume. Staged development of this frontier area, ultra-deepwater field
mitigates the downside production risk associated with Great Whites structural uncertainty, the scarcity of well data, the lack
of reservoir production data, and the potential for reservoir compartmentalization due to sub-seismic faulting and /or
stratigraphic barriers to flow. Early production performance will confirm if the WM12 Sand reservoir is well connected and
can be produced with high ultimate/high rate producing wells, and also if the reservoir can be waterflooded successfully.

The early, non-contingent portion of the Great White development includes 16 development wells: 12 oil producers and 4
water injectors. These wells are considered relatively firm in that they are largely independent of earlier well results and are
economically viable over a large range of subsurface outcomes. Depending on the performance of the initial WM12 Sand
development wells, there is a contingent second stage of development. Great White WM12 contingent development could
include a large number of follow-up development wells. The location and number of the later, contingent development wells
will be dictated by earlier well results and reservoir performance. Depending on early well production results, we will likely
continue a minimum of a one-rig development program in the field to develop the WM12 reservoir for the next three years.
This development plan is shown in Figure 3.

In addition to the phasing of our development plan, the drilling of development wells prior to first oil will also allow us to
ramp-up production more quickly once the facilities are constructed and are on-line. These pre-drill wells have some of the
highest expected rates and ultimate recoveries of any wells planned in the Great White Field.

The pre-drill wells selected also provide us with early well and production information from key areas of the WM12 reservoir
that will allow us to more effectively plan follow-up development drilling.

Silvertip M. Frio Staged Development Plan

The M. Frio development at Silvertip Field will be piloted with two horizontal wells in the best turbidite reservoirs in this
field. These two wells are the only planned development wells in the Silvertip M. Frio at present.

These two horizontal well locations were selected, because these locations were most likely to produce at high rates and to
achieve high ultimate recoveries. These two wells were targeted for M. Frio canyon-fill sands that based on well data
obtained in the AC815-1 well were potentially the best quality reservoir sands in the field. The location of the two pilot wells
is shown on the structure map in Figure 4 and in the seismic cross-section in Figure 5.

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If these wells were to produce at higher than expected rates and did not fail mechanically, then given the proper economic
conditions, follow-up M. and L. Frio development wells at Silvertip Field could be drilled. Contingent on pilot success,
follow-up drilling could notionally begin two to three years after first oil.

Great White WM12 Development Well Results to Date Compared to Plan

To date, six development wells have been pre-drilled prior to first oil targeting the Great White WM12 Sd. All six wells
were successfully drilled and four wells were completed. Figure 3 shows the location of these development wells.

Of the six, two highly deviated wells were drilled from the Perdido spar site prior to arrival of the spar hull. These wells
showed that we could achieve the long drilling reach that is required from the spar location in order to successfully develop
the aerially extensive WM12 Sd. reservoir.

Four wells were drilled from the subsea drill site located three miles south of the Perdido Spar. This Southwest Cluster
drilling center is located in the southwestern corner of OCS block AC857. Two of these wells targeted thick, high quality
WM12 reservoir near existing Main Fault Block exploration and appraisal wells. However, the third well successfully
proved commercial hydrocarbons in the East Fault Block. This small, four-way dipping structure is located in the graben
separating the Tobago and Great White Fields.

When compared to the subsurface predictions of the WM12 Sd. reservoir thickness and properties made just prior to the
drilling campaign, these six development well locations were typically within our current predicted range. When compared
to our geologic mapping at the time the Perdido development decision was made in 2006, the well results were consistently
better than expected. The well results to-date have generally supported the large estimated HCIIP in the WM12 Sd. reservoir
at Great White Field.

While well results are in-line with our expectations and tend to support our hydrocarbon-in-place estimates, high initial well
rates and good long-term well productivity are key to the success of the Perdido development. High initial rates and long-
term, stable productivity will confirm our reservoir permeability estimates and also confirm that the WM12 Sd. reservoir is
continuous and well connected. This will also improve the chances of Waterflood success.

Based on well results to date we have developed confidence in our quantitative seismic interpretation methodology, our
geologic model, and in the resulting WM12 HCIIP estimates.

In addition to the six pre-drill wells, a total of 22 shallow riserless batch-sets were all completed at the future Perdido Spar
location prior to the arrival of the spar hull. These deviated, riserless batch-sets were cased to a depth of about 10,500ft
tvdss. Future spar wells will be drilled using these shallow batch-sets. No significant drilling problems were encountered
during the drilling of these batch-sets at the spar location. The Big Mac amplitude anomaly was drilled without incident.

In summary:

1. Shell as the operator of the Great White JV has successfully completed our pre-drill development well program
at Great White Field.
2. The results of the WM12 Sd. six pre-drill development wells have been significantly better than the predictions
made at the time of the 2006 final investment decision.
3. The acquisition of the AC856 block and unitization of the entire Great White Field will lead to efficient
development of the field in the long term. The AC856 block appraisal wells were also significantly better than
our 2006 predictions.
4. The TTI re-processing of the hi-resolution PSDM 3D seismic has improved WM12 Sd. fault and reservoir
mapping results. Generally better reservoir connectivity has been estimated.
5. The six pre-drill development wells have been in-line with our higher hydrocarbon-in-place volume predictions
based on the TTI seismic data (2008). Thus, current in-place volumes are generally supported by well results.
6. The Great White JV has had excellent well results at the Southwest Cluster wells GB004 and GB003 located in
the Main Fault Block.
7. The East Fault Block was proved to be commercially producible by the GB002 well. This well result increases
the probability of success of later Graben Block development wells.

Silvertip M. Frio Development Well Results to Date Compared to Plan

Development drilling was started in the Silvertip Field in late 2008 and was completed in early 2009. At present, two 2,200ft
long horizontal M. Frio development wells, the SA001 and the SA002 wells, have been successfully drilled and completed by
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the Noble Clyde Boudreaux rig in the M. Frio FR12 and FR14 Sands, respectively. These development wells are currently
the deepest subsea wells in the world. These wells are shown on the seismic cross-section in Figure 5.

The objective of the SA001 well was to successfully drill and complete the M. Frio FR12 canyon-fill sand near the Silvertip
AC815-1 exploratory well.

Drilling operations took only 20 days. Completion operations, which included drilling of the 8.5in horizontal interval, took
34 days. The well was drilled almost exactly to plan. The heel of the well missed the target at the top of the FR12 reservoir
by only 9ft and the toe missed the target by only 2ft. Drilling of the 8.5in horizontal interval went better than anticipated,
with total depth reached in only two days of drilling. This was primarily due to excellent drilling practices and preparation.
Wellbore instability was the greatest perceived risk to successful drilling of the horizontal well, but wellbore instability
proved to not be an issue, as the well was successfully drilled and completed as planned with minimal trouble.

The 2200ft long SA001 horizontal well penetrated a total of 2160ft of net pay in the FR12 Sand. The well was drilled to final
total depth of 16,350ft MD. The estimated porosity and permeability of the FR12 pay interval in the well at 37% and
826mD, respectively; were higher than expected (34% and 500mD). Overall, SA001 well results were much better than
prognosis.

The objective for the SA002 well was to successfully drill and produce from the FR14 canyon-fill sand, which had not been
penetrated in the Silvertip Field prior to drilling of this well. Drilling operations took 22 days, slightly longer than expected.
Completion operations, which included drilling of the 8.5in horizontal interval, took 40 days.

The 2240ft long SA002 horizontal well penetrated 2169ft of net pay in the FR14 Sand. The well was drilled to final TD of
16,513ft MD. The estimated porosity and permeability of the FR14 pay interval (36.6% and 513mD) were higher than
expected (34% and 500mD, respectively). The FR14 Sand had a 97% N/G, which was higher than the expected N/G of 83%.
Overall, the SA002 well results were slightly better than prognosis.

Like the SA001 well, successful drilling and completion of the SA002 horizontal well through the poorly consolidated M.
Frio canyon-fill sands was completed with minimal trouble due to excellent drilling practices. The greatest perceived risk to
successful drilling of the horizontal well, wellbore instability, ultimately proved not to be an issue.

In summary:

1. Shell as the Silvertip operator has successfully completed our two pre-drill development pilot well program
at Silvertip Field.
2. The results of the two pre-drill horizontal development wells have been significantly better than earlier
predictions. These positive well results will likely cause an upward revision of Silvertip HCIIP.
3. The TTI re-processing of the hi-resolution PSDM 3D seismic has improved fault and reservoir mapping
results at Silvertip. This new data was used to target the successful horizontal wells.
4. While well results have been favorable, ultimately Silvertip EUR is primarily dependent on reservoir
permeability and long-term well mechanical integrity.
















OTC 20879 7
Houston Houston
New Orleans New Orleans
Mad Dog Mad Dog
Atlantis Atlantis
Holstein Holstein
Tahiti Tahiti
Auger Auger
Diana Hoover Diana Hoover
Gunnison Gunnison
Great White Great White
Nansen Nansen
GAA244 GAA244
AC 901
17571
AC 855
19415
10/31/07
Perdido Area Setting
7,500-10,000 water depth
Rugged seafloor terrain
Extreme weather
200 miles south of Freeport
60-90 miles from existing oil & gas transport
First production from lower tertiary in GoM
Great White Unit
Silvertip
SALT SALT SALT SALT
U.S.A. U.S.A. U.S.A. U.S.A.
Mexico Mexico Mexico Mexico
Great
White #1
Great White & Tobago
Areas
Tobago
#1
Silvertip
#1
Scale = miles
3 6 9
Perdido Area Location Map
Tx City Tx City
Jones Creek Jones Creek
Beaumont Beaumont
Port Arthur Port Arthur
Markham Markham
Perdido Development
Boomvang Boomvang
Oil Oil
Gas Gas
AC 812
24593
AC 856
20870
AC813-1
AC 902
24609
AC 857
17565
AC 813
17561
AC856-1
AC857-1/1BP/2
AC 859
20871
AC 815
19409
1,1ST
1
AC 903
20876
Silvertip
Tobago
AC857-4
Tobago Unit
Spar
AC857-3/3ST
AC856-2/2BP
AC 900
17570
AC 814
20862
AC857-5
AC 858
17566
Tobago


Figure 1 - Perdido development location map in the ultra-deepwater Gulf of Mexico



FR18
FR20
FR22
FR24/26
FR30
FR30
Core
OVT
Oil
Wet
AC857-2
AC857-4 AC857-3
SW NE
FR18
FR20
FR22
FR24/26
FR10
FR08
FR18
FR20
FR22
FR24/26
FR30
FR30
Core
OVT
Oil
Wet
AC857-2
AC857-4 AC857-3
SW NE
FR18
FR20
FR22
FR24/26
FR10
FR08
FR18
FR20
FR22
FR24/26
FR30
FR30
Core
OVT
Oil
Wet
AC857-2
AC857-4 AC857-3
SW NE
FR18
FR20
FR22
FR24/26
FR30
FR30
Core
OVT
Oil
Wet
AC857-2
AC857-4 AC857-3
SW NE
FR18
FR20
FR22
FR24/26
FR30
FR30
Core
OVT
Oil
Wet
AC857-2
AC857-4 AC857-3
SW NE
FR18
FR20
FR22
FR24/26
FR10
FR08
FR18
FR20
FR22
FR24/26
FR30
FR30
Core
OVT
Oil
Wet
AC857-2
AC857-4 AC857-3
SW NE
FR18
FR20
FR22
FR24/26
FR10
FR08


Figure 2 - Northeast-southwest seismic M. Frio cross-section through Great White crestal area appraisal wells











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Figure 3 - Great White WM12 amplitude map overlain with the structure on the top WM12 Sd. showing the development plan with
firm development wells in green and the later contingent wells in yellow. Wells highlighted with blue circles are the six pre-drill
wells.





















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Figure 4 Silvertip top M. Frio structure showing the Silvertip development plan. Two horizontal wells: SA001 and SA002 have been
drilled and completed in the M. Frio FR12 Sd. and FR14 Sd., respectively. These wells have been connected to the Silvertip subsea
manifold.

















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AC859-1
AC815-1
AC859 AC858
AC814 AC815
-
1
3
,
5
0
0
f
t

t
v
s
s

O
W
C
-
1
3
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5
0
0
f
t

t
v
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O
W
C
9
4
7
6
0
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0
9
4
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8
0
0
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9
4
8
0
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0
0
9
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2
0
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9
4
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9
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6
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9
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0
0
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9
5
0
2
0
0
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9
5
0
4
0
0
0
SA001
SA002
AC815-1
AC859-1
ST Mnfld
-
1
4
0
0
0
-
1
4
0
0
0
-
1
4
0
0
0
-
1
4
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4
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1
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5
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1
3
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1
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1
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5
0
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1
3
5
0
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-
1
3
5
0
0
-
1
3
0
0
0
AC859-1
AC815-1
AC859 AC858
AC814 AC815
-
1
3
,
5
0
0
f
t

t
v
s
s

O
W
C
-
1
3
,
5
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f
t

t
v
s
s

O
W
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9
4
7
6
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8
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9
4
8
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0
0
0
9
4
8
2
0
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9
4
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4
0
0
0
9
4
8
6
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0
0
9
4
8
8
0
0
0
9
4
9
0
0
0
0
9
4
9
2
0
0
0
9
4
9
4
0
0
0
9
4
9
6
0
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0
9
4
9
8
0
0
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9
5
0
0
0
0
0
9
5
0
2
0
0
0
9
5
0
4
0
0
0
SA001
SA002
AC815-1
AC859-1
ST Mnfld
10 OTC 20879
FR12
FR14
FR10
CVX_TTI_6-44R
Intermed.
Target
FR22
FR24
FR20
Heel Down 12
Toe Up 19
AC815-1
(Tied)
FR10
Evaluate Ti e In
Build Section
SA001
SA002
Two world record
water depth
horizontal wells
FR12
FR14
FR10
CVX_TTI_6-44R
Intermed.
Target
FR22
FR24
FR20
Heel Down 12
Toe Up 19
AC815-1
(Tied)
FR10
Evaluate Ti e In
Build Section
SA001
SA002
Two world record
water depth
horizontal wells


Figure 5 Detailed northeast-southwest trending M. Frio seismic cross-section showing the Silvertip horizontal development well
locations in the FR12 and FR14 canyonfill sands.

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