$7,000,000
Somalia Block 131
PetroQuest Africa are seeking a partner to acquire 3D seismic over 3 prospective blocks, or to drill a wildcat well on existing 2D data.
The company has selected 15,000 km2 of highly prospective acreage and is ready to undertake an extensive exploration programme.
- PQA 1&2 Blocks 131,190 and 206 all have access to an extensive Jurassic oil charge.
- Five different Play Types have been recognized each with extensive Play Fairways and lots of Running-Room.
- The Jurassic aged Petroleum (Carbonate) System dominates to the north (Obbia Basin).
- To the south a clastic Cretaceous aged Petroleum System predominates (Jubba Deep Basin).
Details
Asset Name
: Somalia Block 131
Ref
: AF-SOM-131
Continent
: Africa
Country
: Somalia
Location
: Offshore
Project Phase
: Frontier
Latitude
: 5.2
Longitude
: 49.6
Operator
: PetroQuest Africa
Other partners
: None
Farmout company
: PetroQuest Africa
Mandated Agent
: Envoi
Work Programmes
: Seismic
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $7,000,000