$1,000,000
South Sudan Block B2
SA Strategic Fuel Fund are looking to divest this frontier block.
Block B2 lies in the southern end of the Muglad Rift Basin, away from the central area of fields.
The block is considered frontier with no seismic coverage and no wells drilled. However the block was previously thought to be one of the most prospective in the basin.
Details
Asset Name
: Block B2
Ref
: AF-SSD-B2
Continent
: Africa
Country
: South Sudan
Location
: Onshore
Project Phase
: Frontier
Latitude
: 5.4125
Longitude
: 32.0669
License Start
: 2019
Operator
: Strategic Fuel Fund
Other partners
: Nilepet
Farmout company
: Strategic Fuel Fund
Mandated Agent
: None
Work Programmes
: Geological
Back Costs
: $1m - $10m
Equity Offered
: 60 - 80%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $1,000,000