Petroleum Africa
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Monday, September 15, 2014
CAMAC Energy is making progress on its assets in East and West Africa. In Ghana the company is advancing its work program in the Shallow Water Tano Block, in which the company holds a 30% interest, and is technical operator. The block contains three discovered fields, and the work program requires the partners to determine the economic viability of developing the three fields within nine months. All existing 3D seismic data, along with all geological and well data, have been obtained by the company from GNPC and initial evaluation has commenced.
In the Gambia CAMAC received a regional geological and geophysical study report which it commissioned from RPS Group Plc. The results are encouraging with respect to the hydrocarbon potential of its A2 and A5 offshore blocks. Plans to further evaluate the legacy 2D seismic data in its possession and decide on the scope of a 3D seismic acquisition program are in the works.
Across the continent in Kenya, following the award of the contracts for the 2D seismic in blocks L1b and L16 in Kenya, BGP has started the initial field equipment mobilization and a seismic shoot is expected within the next four weeks. Mobilization for L16 is expected in Q4 2014.
The processing of the recently acquired 2D data on L27 and L28 has now been completed and the processed data delivered to CAMAC and initial interpretation of the data has commenced.
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