Project Profile
Value: Undisclosed
Location: Republic of Djibouti
Area: 14,100 km² (3.5 million acres)
Start-up Year: -
Oyster Oil & Gas Ltd. signed a production sharing contract (PSC) in September 2011 with the government of the Republic of Djibouti with an effective date following the decree of 1st March 2012. The PSC was awarded for four blocks, onshore Blocks 1, 2 & 4, covering an area of 14,100 km² (3.5 million acres). Based on its work to date, potential oil bearing basins were formed with the break-up of Gondwanaland and that these may prove to be commercially attractive targets for exploration and future production in Djibouti.
Operators:
Oyster Oil & Gas Ltd.: Operator with 100% interest
Contractor:
Consortium for acquisition and processing of magnetotelluric and gravity survey data:
Centre d’Etude et de Recherche de Djibouti
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