Project Profile
Value: Undisclosed
Location: Lusitanian Basin
Area: 305,738 net acres
Start-up Year: -
The Torres Vedras 3 concession was granted on August 3, 2007 and covers an area of approximately 305,738 net acres. Porto Energy was awarded a 97.5% working interest via its Mohave subsidiary in reservoirs below 400 metres (target area).
The concession area contains three trends and 39 defined prospects and leads that the company has identified.
In July 2014, Porto wound up Mohave and thus surrendered its Portuguese acreage.
Operator:
Petroleos de Portugal (Galp)
Contractor:
KCA Deutag: Drilling contractor