Offshore staff
LONDON – African Petroleum Corp. has provided an operational update on its West African exploration portfolio.
African Petroleum Corp. is seeking strategic partners on its eight licenses in Côte d’Ivoire, Liberia, Senegal, and Sierra Leone in order to share risk and potential reward of the company’s exploration program. The company has received a high level of interest in its Côte d’Ivoire licenses CI-509 and CI-513 from a number of international companies and industry majors.
A number of factors have led to a significant increase in interest in the company’s Côte d’Ivoire licences, primarily Total’s hydrocarbon discovery in block CI-514 (adjacent to African Petroleum Corp.’s block CI-513) and the company’s announcement on July 14 stating it has signed an agreement to farm out a 10% interest in block CI-509.
Significant third-party exploration activity in the West African region from majors and independents alike is driving interest in African Petroleum Corp.’s acreage. The company expects this heightened interest to culminate in farm-in offers in due course.
In preparation for the company’s Côte d’Ivoire drilling campaign, anticipated to begin in 2015, the company has signed an agreement with DrilQuip (Europe) Ltd to provide two SS-15 wellheads. The purchase of these wellheads is a move toward initiating the drilling campaign in African Petroleum Corp.’s acreage in Côte d’Ivoire.
On Aug. 26, African Petroleum Corp. began the acquisition of 1,000 sq km (386 sq mi) of 3D seismic data over offshore license SL-4A-10, Sierra Leone. The 3D seismic survey is being undertaken byTGS using the PolarcusAlima and will be complete within one month. Completion of this 3D seismic acquisition will fulfil all remaining commitments for the first exploration period in the company’s Sierra Leone licenses.
The company’s existing 2D seismic coverage and partial 3D seismic data over its Sierra Leone licenses has identified a number of key prospects and leads, some of which are large dip closures with amplitude support at multiple stratigraphic levels.
09/02/2014
