Project Profile
Value: US$300 million
Location: Ampasindava Block, offshore Madagascar
Area: 9,860sq km
Water Depth: 1,640ft-6,235ft (500m-1,900m)
Start-up Year: 2017
The Ampasindava block covers 9,860sq km off the northwest of the island. The Sifaka prospect lies in water depths ranging from 1,640ft-6,235ft (500m-1,900m). Sifaka is characterised as a large 4-way dip structure. The prospect has been independetly estimated to contain gross un-risked best estimate prospective recoverable resources of 1.2 billion barrles. A Sifaka exploration well is expected to be drilled in 2014 or 2014.
Operators:
ExxonMobil: Operator with 70% interest
Sterling Energy plc. 30% interest
(Released by the Joint Venture on 8th of May 2015)