Project Profile
Value: Undisclosed
Location: Erdis basin, Chad
Reserves: Unknown
Area: 15,700 square kilometres
Start-up Year: -
The Erdis Block III spans 15,700 square kilometres in the Erdis basin where numerous oil discoveries have been made to the north in Libya, where it is called the Kufra basin. Canadian explorer Simba Energy has secured production sharing deals for the Chad blocks to further expand its African asset portfolio. The company put pen to paper on Monday on a so-called Protocole d’Accord under which a work programme for the first year of exploration on the onshore tracts must be finalised by 20 October 2012. Simba will hold 100% stakes in all three prospective concessions.
Operators:
Simba Energy: Operator with 100% interest