Bissau: O petróleo abate-se sobre os guineenses

Svenska

Petroleum Exploration is offering selected companies the opportunity to participate in the appraisal of the Sinapa discovery which has Pmean reserves of 48 MMbbls and an upside of 119 MMbbls oil. Svenska is operator and has a 55% equity in the Sinapa (Block 2) and Esperanca (Blocks 4A and 5A) licences. Svenska's partner in the Blocks is FAR Limited and the group have agreed to drill an exploration well on the Sinapa West Prospect, located on the western flank of the Sinapa East discovery, in Q2 2014 at a gross well cost of approx. USD 40 million.
In a success case, two further contingent wells are planned to drill the North Solha exploration well and appraise a Sinapa West discovery. Svenska is offering equity in the above licences in exchange for the funding of the forthcoming firm work program. Economic modelling of possible development scenarios have been undertaken yielding excellent returns on investment even in the case of modest reserves. The block also contains numerous other large prospects in deeper water and these may be a target for future drilling campaigns.

For further details of this opportunity, visit Stellar Energy Advisors Details are also available at energy-pedia opportunities, our 'free-to-list' upstream opportunities service.

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Source: Stellar Energy Advisors / energy-pedia