$10,000,000
Ethiopia Ogaden
NewAge are looking for a partner in Ogaden Block 8 to develop the El Kuran gas discovery.
In 2008, NewAge farmed into the Ogaden Basin blocks. Our recent focus has been on Block 8 to probe the potential suggested by seismic data from our 2D survey and earlier drilling. Testing of the 2014 El Kuran-3 well, which penetrated several intervals containing oil, gas and condensate, confirmed the El Kuran discovery.
Development options include looking for gas monitsation options including both small scale domestic and LNG export projects in conjunction with other operators.
Details
Asset Name
: Ogaden
Ref
: AF-ETH-O
Continent
: Africa
Country
: Ethiopia
Location
: Onshore
Project Phase
: Appraisal / Development
Latitude
: 5.0014
Longitude
: 43.0009
Operator
: NewAge
Farmout company
: NewAge
Mandated Agent
: Moyes & Co
Work Programmes
: Development
Back Costs
: $1m - $10m
Equity Offered
: Unknown
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $10,000,000