$5,000,000
Sudan Block 6 Abu Gabra (DEV)
In 1975, Chevron started drilling operations, which let to the first oil discovery at Abu Gabra in 1979.
In September 1995, the Government and the China National Petroleum Corporation signed EPSA over Block (6). The company has drilled three successful appraisal wells based on 3D seismic work, two of them in Abu Gabra field and one in Sharaf field.
Abu Gabra 1 was the first well in the country to flow oil and it went into production in 1992.
Details
Asset Name
: Abu Gabra (DEV)
Ref
: AF-SDN-AGD
Continent
: Africa
Country
: Sudan
Location
: Onshore
Project Phase
: Production
Latitude
: 10.9177
Longitude
: 27.3333
Operator
: Petro Energy
Farmout company
: Petro Energy
Mandated Agent
: None
Work Programmes
: Development, Production
Back Costs
: > $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Low
Consideration Sought
: $5,000,000