Project Profile
Value: $150 Million
Location; northeastern flank of the Gambela Basin, bordering Sudan on the west
Startup Year: 2018
The Gimbi block covers an area of 20,457 square kilometres (5.1 million acres) and is located on the northeastern flank of the Gambela Basin, bordering Sudan on the west. The Gambela Basin is contiguous with the Melut Basin which is very prolific in Sudan. The Gambela Basin is part of the Central African rift system and is still in the early stages of exploration. The Central African rift system is a series of Cretaceous to Tertiary-aged failed rifts that trend across Central Africa from the Benue Trough in Nigeria, through Chad, into Sudan. These fault-bounded basins, generally trending northwest-southeast, contain marine sediments reaching thicknesses of six to ten kilometres.
The Metema block covers an area of 26,013 square kilometres (6.4 million acres) and is located in northwestern Ethiopia, bordering Eritrea to the north and Sudan to the northwest. The block is found in the center of the Mekele Basin, which is also part of the Central African rift system.
The Mekele Basin is also in the early stages of exploration.
Operator:
CalValley petroleum