Gabon
76.5% indirect economic interests in the Ndjila and Mpari PSCs
Two large contiguous licences offshore Gabon with discovered oil.
- 76.5% indirect economic interest in the Ndjila and Mpari PSCs operated by Pilgrim Exploration with technical support from Block Energy
- Covering a combined area of 5,331 km2
- Four discoveries on the licences, including the Iguega field which tested at 3,300 bopd
- Data rich assets with substantial 3D seismic coverage
- Significant exploration upside in both the pre- and post-salt
- Proven offshore oil province with established export routes and supportive fiscal terms
View our investor presentation (PDF) for more information.
5,331 km2
Gross area
4
Discoveries
Low risk initial rapid G&G programme
Four discoveries and multiple prospects mapped – Iguega anchor field supported by blue-sky upside in the pre-salt.
Initial G&G desktop-based programme:
- Refinement of Iguega development concept for potential farm-out
- Evaluation of other three discoveries
- Licence-wide mapping for exploration upside discoveries for farm-out
- Licensing 2017 modern 3D seismic survey: dataset post-dates previous operator’s activities
US$6m
76.5% WI entry cost (including technical work)
< 100m
Most water depth
BP / Perenco / Total
Neighbour context
View our investor presentation (PDF) for more information.
