$10,000,000
Zanzibar Block Pemba-Zanzibar
RAK Gas (op, 100%) is seeking partner to shoot 3D seismic. Existing 2019 2D seismic dataset covers onshore, TZ and offshore and RAK Gas have plans to shoot 3D survey ahead of drilling an exploration well.
Reserves of 3.8 tcf gas are estimated with a 45% chance of success in first well, with numerous shallow prospects in Quaternary supported by amplitudes. The asset is near Tanzania LNG and has a substantial domestic market for gas.
Details
Asset Name
: Zanzibar Block Pemba-Zanzibar
Ref
: AF-ZAN-PEMZAN
Continent
: Africa
Country
: Tanzania
Location
: Offshore
Project Phase
: Exploration
Latitude
: -5.813
Longitude
: 39.323
License Start
: 2018
License Expiry
: 2024
Operator
: RAK Gas
Farmout company
: RAK Gas
Mandated Agent
: none
Work Programmes
: Seismic
Back Costs
: Unknown
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $10,000,000