Project Profile
Value: US$400 million
Location: approx. 190 miles (300 km) north of the city of Sao Tome
Start-up year: 2015
Area: 700 km²
Water depth: 1,600 - 1,800 m
The Obo-1 well is located in 1,720 metres of water. The JDZ Block-1 is located approximately 190 miles (300 kilometres) north of the city of Sao Tome and approximately 125 miles (200 kilometres) south of the city of Port Harcourt.
The potential of the area lies in the extension of the proven and prolific deep water plays discovered to the north and west in Nigeria.
One discovery has been made on the block with the sole exploration well that has been drilled to date. In 2006, the Obo-1 exploration well encountered 150 ft of net pay and importantly proved a working hydrocarbon system in the JDZ. Total, the former operator, sought to reprocess existing seismic data and has proposed the drilling of one appraisal well on the Obo discovery and one exploration well in 2012. The first well in this campaign was spudded during March 2012 with the West Polaris drill ship.
Operators:
Equator Hydrocarbons: Operator with 56% interest
PAPIS Energy Solutions : 40% interest
Dangote Energy Equity Resources: 9% interest