Project Profile
Value: Undisclosed
Location: north-west of the city of Douala, onshore Cameroon
Area: 2,328 sq. km
The Bomono Permit is located in the onshore extension of the Douala Basin. The acreage is characterised by numerous surface oil seeps but is largely unexplored by modern exploration methods. Multiple Tertiary and Cretaceous prospects and leads have been identified. The Bomono permit is located to the north-west of the city of Douala, onshore Cameroon. Wells drilled in the 1950s and surface oil seeps proved an active hydrocarbons system within the Permit. During the first exploration phase of the Permit, the Group acquired 500km of 2-D seismic and a full set of surface samples for geochemical analysis. An extensive update to the interpretation, mapping and volumetrics has been completed and evaluation has revealed multiple prospects and leads with both Tertiary and deeper Cretaceous aged targets identified.
Bowleven was awarded a one year extension to the existing Bomono exploration licence. (April, 2016)
Operators:
Euroil (subsidiary of Bowleven): 20% interest
Victoria Oil & Gas: 80% interest (subject to governmental approval)
Contractors:
Asia Offshore Drilling Limited (AODL): Under the lump sum drilling contract the company will be responsible for the provision of the rig, equipment and ancillary services. AODL is now assembling the rig which will be integrity tested prior to commencing drilling operations.