$25,000,000
Gabon BC9 and BCD10
CNOOC is offering up to 50% of its working interest in blocks BC9 and BCD10.
The Tigre Prospect is a giant 500 sq km pre-salt prospect in under-explored part of South Gabon basin, whilst the Seal Prospect is a large 3-way structure in stacked Albian carbonates with 320mmbbls recoverable resources and follow-up potential along-strike.
Details
Asset Name
: BC9 and BCD10
Ref
: AF-GAB-BC9BCD10
Continent
: Africa
Country
: Gabon
Location
: Offshore
Project Phase
: Exploration
Latitude
: -2.7125
Longitude
: 9.0439
Operator
: CNOOC
Farmout company
: CNOOC
Work Programmes
: Drilling
Back Costs
: > $10m
Equity Offered
: 40 - 60%
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $25,000,000