$5,000,000
Sudan Blocks 2 & 4
GNPOC are looking to divest their stake to fund further exploration.
Blocks 2 & 4 lie in the Muglad Basin. There are a muber of small, undeveloped fields in the block and it is adjacent to producuing fields.
GNPOC: CNPC 40%, Petronas 30%, ONGC 25%, Sudapet 5%
Details
Asset Name
: Blocks 2 & 4
Ref
: AF-SDN-B24
Continent
: Africa
Country
: Sudan
Location
: Onshore
Project Phase
: Exploration
Latitude
: 10.0823
Longitude
: 29.2506
License Start
: 2017
Operator
: 2B OPCO
Farmout company
: 2B OPCO
Work Programmes
: Development, Production
Back Costs
: > $10m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000