Project Profile
Estimated value: US$4.5 million
Location: Republic of Guinea, Africa
Reserves: 288 MMboe
Water depth: 2,895 metres
Exploration Start-up: 2017
Fatala is a deepwater prospect located in the Guinea Offshore license near the Sylli prospect. The main target at a Cenomanian-aged sandstone reservoir. Fatala is estimated to hold gross mean prospective resources of 288 MMboe. Hyperdynamics is the operator and a 50-50 partner in this exploration project with SAPETRO. In January 2017, the Houston explorer announced it would use Pacific Drilling\'s Pacific Scirocco drillship to drill its upcoming Fatala-1 exploration well. The well was originally set to spud in April 2017. That same month, Hyperdynamics signed a master services agreement with Schlumberger to provide essential drilling services for Fatala-1. Schlumberger\'s scope of work includes: wireline logging, measurement while drilling, logging while drilling and similar downhole drilling services, drilling fluids and solids control services, downhole cementing services, mudlogging services, drilling bits and reamers, and contingency fishing equipment and services. Hyperdynamics estimates that the value of the master services agreement for the Fatala-1 well is approximately US$4.5 million.
Operators:
Hyperdynamics: 50% interest
SAPETRO: 50% interest (exited concession in 2017)
Contractors:
Schlumberger: Drilling services