Petroleum Africa
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Tuesday, October 28, 2014
Impact Oil and Gas was recently awarded a new exploration license in Africa. The license, the AGC Profond Block located in the Senegal Guinea Bissau Joint Development Zone, was previously held by an Ophir-led consortium.
The offshore AGC Profond license covers approximately 6,700 sq km, in water depths ranging from 1,000 meters to over 3,000 meters and is located in a proven petroleum area west of the Dome Flore and Dome Gea oil fields, adjacent to Impact’s Block 4B offshore Guinea Bissau.
The AGC Profond saw one well drilled on it during Ophir’s tenure on the block, the Kora-1. The well was located on the crest of a salt piercement feature and encountered claystone and interebedded limestones rather than the prognosed sandstone reservoir facies. However, Impact believes that the block remains very prospective – particularly for Cretaceous fans which have been the target for recent successful drilling in Cairn’s Senegal Sagomar license.
The initial term of Impact’s license is for three years and during this period the company expects to acquire, reprocess, and interpret existing data on the license. Further seismic may be acquired if it is deemed necessary. A well could be drilled before the end of the first period or during the first renewal period which is for two years. Impact, as operator, has an 85% interest, together with Enterprise AGC, a Senegal-registered company, holding 15% in the license.
Executive chairman, Mike Doherty said: “The award of offshore AGC Profond, Impact’s second licence in the petroliferous Casmance basin, is an exciting addition to our growing world class portfolio of assets. The recent discovery in the Sangomar license, announced by Cairn, has highlighted offshore Senegal as a very prospective region for good quality oils. As with our other licenses, we look forward to moving ahead quickly to explore this promising area.”
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