Petroleum Africa
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Friday, March 20, 2015
Oryx Petroleum signed a new PSC entitling it to an 85% working interest in the AGC Central license area in October. Oryx Petroleum plans to acquire 3D seismic data covering a portion of the license area in 2016.
Also in the AGC, the company is engaged in discussions with authorities regarding the Agence de Gestion et Cooperation (AGC), the development zone held by Senegal/Guinea Bissau jointly. The company is looking for a potential extension of the current exploration period under the PSC governing the AGC Shallow license area. Oryx commenced a process seeking partners in the AGC Shallow license area which it anticipates concluding in 2015. The first exploration well to be drilled by Oryx in the license area is most likely to target the Dome Iris structure.
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