M a r k e t N e w s

CAMAC Energy to Acquire 3D Seismic Offshore Gambia

Posted on : Tuesday, 16th December 2014

CAMAC Energy has announced that its wholly owned subsidiary, CAMAC Energy Gambia Ltd has awarded a contract for the acquisition of a 3D seismic survey to Polarcus Limited covering approximately 1,504 km2 in the Company’s A2 and A5 blocks offshore Gambia.

 
CAMAC says that the objectives of the seismic survey are to enhance the definition and maturation of potential prospects in the blocks and provide high-quality sub-surface images that allow high-resolution characterization of reservoirs.
 
“This 3D acquisition is an important part of our offshore Gambia exploration program. We are encouraged by the recent discoveries north of us and excited that we are able to contract with Polarcus. Given their in-place infrastructure, we are able start almost immediately with the 3D seismic acquisition,” says Segun Omidele, Senior Vice President of Exploration and Production.
 
The A2 and A5 blocks are located in the offshore Casamance sub-basin, which forms the southern part of the greater Senegal Basin an area that now has a proven petroleum system in place due to two recent discovery wells on an adjacent offshore Senegal block.
 
The recent FAN-1 and SNE-1 offshore Senegal discoveries, by Cairn, Conoco, FAR and Petrosen (Senegalese NOC), are on-trend with the Company’s A2 and A5 blocks and are located approximately 35.5 km NNE and 13.8 km NNW, respectively, of block A2.
 
The 3D seismic survey will help determine the extent of the play fairways into CAMAC’s blocks.

Source : OIL NEWS KENYA
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