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Monday, June 26, 2017
Oranto Petroleum issued a tender for the acquisition of seismic on its St. Louis Offshore Shallow block offshore Senegal. The tender is for the acquisition of 1,500 sq km of 3D seismic.
According to terms of its production sharing license, the seismic acquisition must start in late-2017 or early-2018 to adhere to the terms of the PSC.
The company acquired the license for the St. Louis Offshore Shallow block in 2015. The PSC’s work program consists of an 8-year exploration phase in three parts. The first phase consists of a minimum of 1,500 sq km of seismic to be acquired, a first extension where a first well must be drilled and 25% of the block relinquished, and a second extension with the same conditions. The wells must be drilled at minimum depth of 2,000 meters.
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