Oil&Gas
Block C-10 Mauritania
2018-07-24 11:43  点击:1
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Project Profile


Location: offshore Mauritania
Area: 8,025 square km
Depth: 50 - 2,400m

Block C-10 (PSC C10) is located offshore in the Islamic Republic of Mauritania. PSC was awarded in 2011 and is in the second phase of the exploration period (Phase 2) and covers Block C-10, offshore Mauritania, comprising an area of approximately 8,025 km2. The current phase will expire on November 30, 2017 and has a minimum work obligation of 1 exploration well. The block surrounds the Chinguetti field and lies in water depths of 50m to 2,400m with full 3D seismic coverage. Block C-10 lies within a proven petroleum basin and offers exposure to multiple play-types from the under-explored Jurassic and lower Cretaceous carbonates to Cretaceous and Tertiary clastic plays. The potential for the extension of the Cenomanian and Albian plays recently established by the Tortue-1 well drilled by Kosmos in Block C-8 will be investigated on Block C-10. The operator has identified a drill ready Neocomian carbonate prospect in water depth of approximately 100m. Technical work will focus on maturation of the prospect inventory following the receipt of recently merged, reprocessed and depth migrated, 3D seismic.

In June 2015, Sterling Energy plc signed a sale and purchase agreement with Tullow Mauritania Limited (Tullow) to acquire a 13.5% interest in the Production Sharing Contract for Block C-10 (the PSC). The acquisition was done through its wholly owned subsidiary, Sterling Energy Mauritania Limited (SEML). Following completion, Tullow Mauritania Limited will remain the operator of the PSC but with 76.5% interest, Sterling Energy Mauritania Limited will have 13.5% and SMHPM 10% interest. The joint venture anticipates that the exploration well will be drilled in 2016. The gross cost of the well is anticipated at US$77 million. Should the joint venture not fulfil the minimum work obligation, the joint venture’s gross liability to the Government would be US$7.5 million. Following the completion of Phase 2, the joint venture may elect to enter into Phase 3, with a 3 year term, with a minimum work obligation of 2 wells. SEML and Tullow will carry SMHPM’s ten percent interest proportionally during the exploration period of the PSC.

Operators:

Tullow Mauritania Limited: Operator with 76.5% interest

Sterling Energy Mauritania Limited: 13.5% interest

Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM): 10% interest
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