African Petroleum updates offshore Sierra Leone prospects

Offshore staff

LONDON –African Petroleum has updated the reserves prospects for its offshore Sierra Leone holdings.

ERC Equipoise Ltd. prepared the update covering prospective oil resources in license blocks SA-03 and SL-4A-10. The results bring the combined net unrisked prospective oil to 1,345 MMbbl and the net risked prospective resources to 223 MMbbl.

African Petroleum has said only Sierra Leone license SL-03 is covered by a fully processed 3D seismic dataset. Further3D seismic was acquired over license SL-4A-10 in 2014 and processing is scheduled for completion in 2Q 2015. Consequently only the potential in license SL-03 has been matured to prospect level apart from the Albian four-way closure “Regel” that extends from SL-03 into SL-4A-10.

Additional leads have been identified in SL-4A-10 based on fasttrack seismic volume, and these will be matured once the final data is available.

04/01/2015