Petroleum Africa
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Thursday, November 19, 2015
Soco International’s operations in the Republic of Congo (ROC) are going at a good clip, with the company ready to drill on one block and move towards commercialization on another. The company contracted a rig to drill its commitment well on the Mer Profonde Sud (MPE). The MPE well is targeting a gross P50 prospective resource of around 330 million barrels of oil.
Soco said the well, depending on rig availability, will spud in either December or January. The well is expected to take around one month to drill.
On its Marine XI license, discussions with ROC authorities continue regarding commercialization options for the field. The government has requested that the results be presented as a Production License Application (PEX). Soco said the PEX is in the process of being finalized for submission prior to license expiration in March 2016.
Soco continues seismic reprocessing across the block and the data is expected by the end of the year.
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