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E & P News

2017

Mar 2017: FAR Limited will buy 80% and operatorship of Erin Energy’s offshore A2 and A5 blocks close to the SNE discovery off Senegal in the Mauritania-Senegal-Guinea-Bissau (MSGB) Basin. An exploration well will be drilled in late 2018.

2016

Sep 2016: African Petroleum (operator, 100%) has signed a Letter of Intent (LOI) to farm out a share of Licenses A1 and A4, conditional on extension of the exploration periods of both licenses by at least 12 months. The company completed a 3D seismic survey of 2,500 sq kms and has found leads and prospects analogous to recent discoveries drilled by Cairn Energy in Senegal.

2015

Sep 2015: Erin completed acquisition of a 3D seismic survey on the A2 and A5 blocks on trend with the FAN-1 and SNE-1 discoveries off Senegal. Erin must drill a well by the end of 2018.

Jul 2015: Polarcus commenced a 3D multi-client seismic survey across the Mauritania-Senegal-Guinea-Bissau Basin. It will cover an area of 1,500 sq kms off Gambia with data available in 2016.

May 2015: Erin Energy (operator, 100%) has approval to extend the exploration period for Blocks A2 and A5 by 2 years to December 2018. The work program includes  1 exploration well in either block. The blocks are on trend with the FAN-1 and SNE-1 oil discoveries off Senegal .

2014

Nov 2014: African Petroleum (100%) has been reinstated as operator of the Alhamdulilah Licence Blocks A1 and A4. It has agreed to a revised initial exploration period that will expire on Sept 1, 2016 in return for a commitment to drill an exploration well on one of the Licences and reprocess 3D seismic on Licence Block A4.

Jan 2014: Gambia has stripped oil firms of licences. African Petroleum lost deep water Blocks A1 and A4 whilst Oranto Petroleum lost its Lower River onshore block. The govt. said it will not allow acquisition of licences only for speculation. African Petroleum mapped the Alhamdullilah prospect in 2,300m of water but was unable to fund a well.

2013

Mar 2013: African Petroleum will drill the Alhamdullilah prospect offshore Gambia in 2013. The company has a 60% interest in Gambian blocks A1 and A4, in partnership with Buried Hill (40%). In Dec 2010 the acquisition of 2,500 sq kms of 3D seismic data over the blocks was completed. The well will be drilled to a TD of 6,300m in 2,300m  of water, targeting multiple reservoirs.

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