Project Profile
Location: Northeast of Ethiopia, bordering Djibouti to the north and Somaliland to the east
Area: 27,000 sq km
Start-up Year: 2014
The Adigala Block covers an area of 27,000 sq km and is located in the northeast of Ethiopia, bordering Djibouti to the north and Somaliland to the east. An existing 520 km of 2D seismic was reprocessed in 2012 and augmented by a Full Tensor Gravity survey. The integration of these data has provided evidence that all the elements of a working petroleum system exist on the Adigala Block. In particular, oil seeps and surface outcrops support the presence of a mature and active Jurassic oil prone system, which is thought to be analogous to the prolific producing Jurassic Rift Basins of Yemen. Several large potential structural closures have been identified on existing data. The planned 2D seismic and further technical work will help in refining these leads into drill ready prospects.
Operators:
New Age (African Global Energy): Operator with 100% interest