Project Profile
Value: Undisclosed
Location: Senegal Guinea Bissau Joint Development Zone, Africa
Reserves: Unknown
Production: Unknown
Area: 6,700km²
Depth: 1,000m to over 3,000m
The offshore AGC Profond licence covers approximately 6,700km², in water depths ranging from 1,000m to over 3,000m and is located in a proven petroleum area west of the Dome Flore and Dome Gea oilfields, adjacent to Impact’s Block 4B, offshore Guinea-Bissau. The operators of the licence are; Impact with an 85% interest, together with Enterprise AGC S.A., a Senegal registered company, holding 15% in the licence.
AGC Profond was previously held by a consortium led by Ophir Energy plc, which drilled the Kora-1 well in the northern part of the Block in 2011. The well was located on the crest of a salt piercement feature and encountered claystone and interebedded limestones rather than the prognosed sandstone reservoir facies. However, Impact believes that the Block remains very prospective – particularly for Cretaceous fans which have been the target for recent successful drilling in Cairn’s Senegal Sagomar licence located to the north of the AGC Profond Block.
The initial term of Impact’s licence lasts for three years. During this period Impact expects to acquire, reprocess and interpret existing data on the licence. Further seismic may be acquired if it is deemed necessary. A well could be drilled before the end of the first period or during the first renewal period which lasts for two years.
Operators:
CNOOC UK Limited: Operator with 65% interest
Impact Oil and Gas: Operator with 20% interest
Enterprise AGC S.A: 15% interest
Contractors:
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Subcontractors:
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