Project Profile
Value: Undisclosed
Location: Toson Tolgoi sub-basin, Eastern Mongolia
Area: 23,000 km2
Start-up Year: -
The SB block is one of the first identified petroleum exploration blocks in Mongolia and is located in a proven and producing region of Eastern Mongolia. SB block is 23,000 km2 in size with approx. 60% or 12,000 km2 of the block being interpreted as Cretaceous in age with a high potential for oil source reservoir rocks at depth. Geological and geophysical programmes, alongside HI-RES remote sensing programmes, have identified the largest sub basin within the SB Block, Toson Tolgoi (3,500 km2), as having a high potential to be one of the principle petroleum source kitchens of Eastern Mongolia.
Wolf Petroleum has 100% ownership of SB block for up to 14 years of exploration and 30 years of production. During 2013, the company focused its exploration programmes on its flagship project, the SB block, and is currently ahead of its contract commitments. Completion of the 450km of 2D seismic acquisition programme and the successful geochemical analysis of shot holes is a major milestone for the company. This will result in multiple drilling locations and has highlighted the prospectivity of Toson Tolgoi Basin, which is located wholly within the SB block.
Operators:
Wolf Petroleum: Operator with 100% interest
Contractors:
Joint venture to process seismic data:
Sterling Seismic Services
WesternGeco
MHA Petroleum Consultants: Interpretation of the seismic data