Project Profile
Value: US$85 million (exploration well)
Location: offshore Gambia
Area: 2,668 sq km
Gross Reserves: 3,078 million barrels
In 2010 African Petroleum entered into an agreement with Buried Hill Gambia BV to acquire, via farm-in, a 60% equity interest in Buried Hill’s two Gambian exploration licences, Alhamdulillah Licence Block A1 and Licence Block A4 (Gambian Licence Blocks). The company has assumed operatorship of the Gambian Licence Blocks, which cover a combined total area of 2,668 sq km offshore The Gambia and has completed the acquisition of 2,500 sq km of 3D data.
More than 30 exploration prospects and leads have been identified on the Gambian Licence Blocks from the 2D and 3D data which includes five different play types. The four way dip closed Alhamdulillah structure has been identified, which extends over an area of 24 sq km over five mapped reservoirs with a gross thickness of 1,000m. Other play types in the Gambian Licence Blocks include stratigraphically-trapped fans and slope channel complexes of Turonian-Campanian age, Upper Jurassic and lower Cretaceous karstified reef build-ups and four-way closures and eroded shelf clastics onlapping the shelf edge.
Operators:
African Petroleum: Operator with 100% interest
Contractors:
ERC Equipoise: Preparation of a revised assessment of prospective oil resources. (March, 2015)