Project Profile
Location: Hinterland of the Sahara desert, more than 1,500km far from Niger\'s Capital City of Niamey, Niger
Reserves: 324 million barrels, 30-35 degrees API
Production: 1 mtpa (80,000 bpd)
Area: 28,000 km2
CNPC and the Nigerien government signed on June 2, 2008 a PSA agreement on the Agadem Block, covering three categories of upstream and downstream activities i.e. exploration and production, pipeline and refinery construction and ongoing operation. Covering an area of 28,000km2, the Agadem Block is located in the hinterland of the Sahara desert, more than 1500km far from Niger\'s Capital City of Niamey. The first phase of Agadem Oilfield has a production capacity of one million tons per annum. Surface engineering of the oilfield includes productivity construction of Goumeri and Sokor oilfields, a CPF, a FPF, a 58km long oil and gas pipeline connecting the CPF and the FPF, five OGMs and gathering pipelines, as well as two production bases for CPF and FPF. Agadem was originally drilled by ExxonMobil and earlier yielded proven reserves of 324 million barrels of 30 to 35 degrees API crude, mainly from eight Eocene discoveries. CNPC is expected to begin operating reserves on four fields at its Agadem bloc by early 2014, and increase its production to 80,000 barrels-per-day of which 60,000 will be exported through the pipeline.
Operators:
CNPC: Operator with 60% interest
Niger Government: 40% interest
Savannah Petroleum: Operator with 60% interest (in Blocks R1/R2 and R3/R4)
Niger Government: 40% interest
Contractors:
Great Wall Drilling Company Niger: Drilling for Savannah Petroleum