Project Profile

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Value: $150 Million
Location: Ogaden basin Ethiopia
Startup Year: 2018

The Ogaden Basin covers around one-third of Ethiopia, an area of around 350,000km and is located in the south-eastern part of the country. The basin is licensed into 21 blocks with Blocks 2, 6, 7 and 8 covering approximately 47,500 km. To put this area in perspective, a United Kingdom offshore licence block covers 220km so these two PSCs cover the equivalent of 111 UKCS blocks. The blocks lie immediately west of the Hilala and Calub gas and condensate fields, discovered in the early 1970’s that are estimated to contain 4 Tcf of gas. The Ogaden Basin is characterized by deep, asymmetrical grabens separated by internal highs as a result of a rift system that was active during Late Palaeozoic to Mesozoic times. Basin sag took place and since the Late Cretaceous, there have been periods of compression and structuration.

Operators:

POLY-GCL

Afren PLC

African oil

New Age