Project Profile
Value: Undisclosed
Location: Nadi Area
Area: 250 sq km
Akura is based in Nadi, Fiji, and holds a 100% interest in Blocks OEL 1/2009, OEL 2/2009 and OEL 3/2009, which were granted in 2009 for a period of five years.
The 250 square-kilometre permit OEL 3/2009 is an offshore and onshore licence in the Nadi Bay area that has been the focus of recent work.
Early 2012, Akura hopes to do hydrocarbon soil work in the Nausori-Tailevu area of its Blocks OEL 1/2009 and 2/2009, including across the Nasilai and Maumi prospects.
Shallow land seismic acquisition will then be carried out across all three permits and, subject to the availability of funds and suitable targets being defined, the drilling of four to six wells is proposed for the third quarter of 2012 or very early in 2013.
Operator:
Akura Oil: Operator with 100% interest