Petroleum Africa
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Thursday, August 5, 2010
ExxonMobil’s affiliate in the Republic of Congo (ROC), Esso Exploration and Production Congo (Mer Tres Profonde Sud), is looking to cut loose a 30% stake in the Mer Tres Profonde Sud Block (MTPS). Toward that end the company has engaged IndigoPool to market the acreage stake.
Approximately 5,130 sq km of 3D seismic data over MTPS have revealed numerous structural and combination traps associated with Miocene and Oligocene deepwater channelized reservoirs draped over salt-cored structures. Water depths range from 1,100 – 2,700 meters.
MTPS has undeveloped discovered oil resources from five discoveries estimated at 500 million barrels of recoverable oil. The company reports that significant additional exploration potential remains. Co-venturers in the Block are Total (operator) with 40% working interest and ENI with 30%. MTPS will enter the third exploration phase on November 27 2010, with a three-year term and minimal work obligations.
An Online Data Room will open on August 9 and the Physical Data Room in Houston is expected to open on August 16. Proposals may be submitted up to October 22, 2010. For more information, visit IndigoPool, or contact [email protected]
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