$1,000,000
Somalia Block SL10B/13
Genel Energy is seeking a partner on block SL10B/13. Work programme consists of a 2D seismic campaign and high-impact exploration wells.
The Toosan Prospect has a 4-way closure with:
• Separate FW & HW traps
• Stacked reservoir potential
• Qishn 190-220MMbbls mean prospective resources
• With stacked reservoir potential up to 620-840 MMbbls mean prospective resources
Details
Asset Name
: Block SLB10/13
Ref
: AF-SOM-SL1013
Continent
: Africa
Country
: Somalia
Location
: Onshore
Project Phase
: Exploration
Latitude
: 10.0006
Longitude
: 45.4992
License Start
: 2012
Operator
: Genel Energy
Farmout company
: Genel Energy
Mandated Agent
: None
Work Programmes
: Seismic
Back Costs
: < $100,000
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $1,000,000