Project Profile
Location: Near Talisman Block SL-04B-10, offshore Sierra Leone
Area: 995 sq km
Water Depth: 3,000 m
Reserves: 434MMstb (Altair Prospect)
Start-up Year: -
Block SL-4A-10 is situated offshore Sierra Leone, with a total surface area of 995 square km. African Petroleum has entered into a petroleum licence agreement with the Government of the Republic of Sierra Leone for the petroleum exploration and production licence over 100% of Block SL-4A-10. Should the Company make a commercial discovery of hydrocarbons the Government of the Republic of Sierra Leone shall be transferred 10% of the interest of Block SL-4A-10, with an option to be increased by another 5%.
Operators:
African Petroleum Corporation Limited: Operator with 100% interest
Contractors:
TGS: Acquisition of a 3D multi-client survey offshore chartering the 12 streamer Polarcus Alima for this survey
ERC Equipoise Ltd (ERCE): Contract to prepare an updated assessment of prospective oil resources (the Altair Prospect)