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Showing posts with label Mauritania. Show all posts
Showing posts with label Mauritania. Show all posts

Monday, January 23, 2012

Oil & Gas Discoveries in West Africa in 2011

A study using the ‘docsearch tool’ by Derrick Petroleum Services reveals that there were 40 successful wells drilled in West Africa.

Out of these, 2 were in the Cote d’Ivoire, 2 in Sierra Leone, 7 in Mauritania, 17 in Ghana, and 1 in Guinea Bissau. 14 were exploration wells and the remaining were appraisals.

13 were operated by Kosmos, while 10 were drilled by Tullow.

A few of these discoveries are listed below
Operator
Name
Country
Anadarko Petroleum
Mercury
Sierra Leone
Anadarko Petroleum
Venus B-1
Sierra Leone
Dana Petroleum
Cormoran
Mauritania
Dana Petroleum
Aigrette
Mauritania
Dana Petroleum
Pelican
Mauritania
Eni
Gye Nyame-1
Ghana
Eni
Sankofa-1A
Ghana
Eni
Sankofa-2
Ghana
Hess
Paradise-1
Ghana
Kosmos Energy
Makore 
Ghana
Kosmos Energy
Banda West
Ghana
Kosmos Energy
Teak-1
Ghana
Kosmos Energy
Akasa-1 
Ghana
Kosmos Energy
Teak-2
Ghana
Kosmos Energy
Mahogany-5
Ghana


Source: Derrick Petroleum 'DocSearch'

To get more information on exploration in West Africa use the new Derrick OIl & Gas search tool. A sample search for West Africa is provided in the link below. 


Friday, July 15, 2011

E&P Opportunities in North Africa

There are 20 opportunities recorded in Derrick’s “Deals in Play’” database for the region of North Africa comprising Algeria, Egypt, Morocco, Mauritania and Egypt.

Out of these 20, 12 opportunities are for stakes in exploration blocks previously awarded, 5 are opportunities relating to developing undeveloped discoveries, 1 is for a stake in a producing field and 1 is for stakes in multiple asset types (appraisal/pre-development discoveries & 1 producing field) (Map 1)


Figure 1: Map of North Africa with locations of opportunities shown by colored circles. Circles are colored based on the asset type. Place cursor over circles for additional information on the opportunity. Click on circles to get detailed opportunity break down (pop ups need to be allowed).

The maximum opportunities are in Morocco (8), followed by Tunisia (7), Egypt (3), Algeria (1) and Mauritania (1).

Derrick has valued the following packages (developing discoveries & producing fields) - (Table 1)
1. Dana Petroleum offers 25% in exploration concession offshore Egypt
2. Roc Oil to divest package of assets offshore Mauritania
3. Canamens Energy seeks farm-in partner(s) for two licenses offshore Morocco
4. Atlas Petroleum and Eurogas seek farm-in partner for Sfax permit, offshore Tunisia
5. Cooper Energy to farmout interest in offshore Tunisian field


Table 1: Derrick valued deals are shown with their asset types (transaction type), deal value and country. Squares are colored according to hydrocarbon type. Place cursor over squares for additional information on the opportunity. Click on circles to get detailed opportunity break down (pop ups need to be allowed), asset information and deal value.

North Africa presently accounts for 29% of total opportunities present in Africa

Monday, June 13, 2011

Mauritania, Benin and Togo: Overview of Oil and Gas Discoveries and Exploration in 2011

                                                        

Mauritania, Togo and Benin are countries in West Africa that are generating a lot of interest due to some significant discoveries in adjacent regions. This article provides an overview of exploration activity in these countries and the main active players looking to explore in 2011 and beyond.

The following table lists the companies with plans to drill or conduct exploratory studies leading to drilling in this region.

Source: Derrick Planned Exploration Wells DatabaseThe number of columns has been minimized to fit the table on the page. The actual database has many more parameters listed and recorded. 



For more information of discoveries and exploration plans for the following West African countries, click on the following links. Cote D’ivoireGhana discoveriesGhana Exploration in 2011AngolaSierra LeoneSengalList of West African discoveries in 2010 – 2011; Liberia

                                                                          Mauritania
Discoveries
The Chinguetti oilfield is located off the Mauritanian coast in 800m of water. It was discovered by the Australian firm Woodside Petroleum in 2001. It is named after the city of Chinguetti. Oil production began in February 2006 from the Chinguetti oilfield, which is located in the Atlantic Ocean 56 miles southwest of Nauakchott.  According to the Energy Information Agency (EIA), a division of the US Energy Department, oil output began at 30,620 barrels per day (bpd). Production quickly climbed to 75,000 bpd by late 2006.  However, in 2007, output  declined dramatically because of “geological complexities” and by the spring of 2008, production was just 11,500 bpd.  Field production declined from 8,600 b/d in January 2009 to 7,400 b/d in December last year. Given the decline in production, the partners in the field are mulling shutting down operations there. Domestic consumption of oil is 21,000 bpd. In addition to Chinguetti field, Mauritania has several other offshore oil and natural gas fields that are being developed.  Proven oil reserves are estimated at 100 mn barrels, which is 21.4 years of production at the 2008 extraction rate. 

Map of Blocks in Mauritania. Source: Roc Oil

The Pelican-1 exploration well located in the southern part of Block 7 was drilled in over 5,500 feet of water to a total depth of approximately 12,500 feet. The well discovered a significant hydrocarbon bearing sequence spanning over 1,000 feet in height. 

The Banda field was discovered in 2002. The Banda Field is in approximately 300 metres of water and spans PSC Area A and PSC Area B. The Banda Field is estimated to contain upto 3 – 5 tcf of natural gas. In 2008, two successful appraisal wells were drilled on the Banda discovery; Banda North West and Banda East. The same oil and gas contact was encountered at all three wells in the Banda field. During 2009 the seismic and well data was incorporated into the geological model to determine the commercial potential of the field and this work is ongoing.

The Tiof discovery is located approximately 90 kilometres west of Nouakchott, the Mauritanian capital, and 25 kilometres north of the Chinguetti Field. The Tiof field is estimated to hold 350 million barrels of oil. It was discovered in 2003. The discovery of the 1.5 trillion cubic feet Pelican field on Block 7 by British firm Dana Petroleum added to the excitement.

The Tevet Field was discovered in 2005 by the operator Woodside Petroleum, and is believed to contain between 50 million and 100 million barrels of oil and may be tied into the Chinguetti development.

The Cormoran-1 exploration well, located in offshore Block 7, completed drilling in January 2011. It lies ~ 2km to the south of the Pelican-1 gas discovery well, which was drilled in late 2003. The objective of the well was to appraise the Pelican gas discovery and to target two underlying exploration prospects, Cormoran and Petronia. The well successfully intersected gas in both Pelican and Cormoran. The Pelican interval was flow tested at a stabilised flow rate of approximately 23 mscfd. In the deeper Petronia target, the well encountered rich gas in Turonian-age reservoirs. However, drilling had to be stopped for operational reasons soon after penetrating the trap. Dana Petroleum (36%) is the operator of the block and the other partners are Woodside (15%), Gaz de France (27.85%), Tullow (16.2%) and Roc Oil (4.95%).

Exploration in 2011
The TA7 and TA8 permits are located onshore in central Mauritania. A well was drilled in TA8 in 2009 which failed to encounter hydrocarbons. A 1000 sq km of 2D seismic acquisition over TA7 commenced in early 2011. Total (60%) is the operator of the permits along with partners Sonatrach (20%) and Qatar Petroleum (20%).

Apart from the Cormoran-1 exploration well mentioned above, the result from the Gharabi-1 well in Block 6 was announced in February 2011. The well, which was selected by the operator to meet licence commitments, intersected poorly developed water-bearing reservoirs. In 2011, the partners plan to continue defining prospects throughout the Mauritania-Senegal basin with further planned exploration activity in 2011 and 2012. Petronas (72.60%) is the operator of Block 6 along with partners Tullow (22.4%) and Roc Oil (5%). The Sidewinder prospect in this block is due to be drilled in the second half of 2011.

The highest profile investor has been Petronas, which bought a 47.4% stake in the Chinguetti project from Woodside. It is part of a $418m package that also gives the Malaysian firm the role of operator on the Banda, Banda Tevet and Tiof fields.

There is certainly plenty of scope for further discoveries offshore Mauritania, particularly given the short history of hydrocarbon exploration in the country. The eight blocks, over which exploration can happen, cover most of the country's offshore acreage and are huge in comparison with the concessions carved out in Nigeria and elsewhere in the Gulf of Guinea.

  
                                                                              Togo

Togo is a country lying between Ghana and Benin. Recent high profile successes in neighbouring Ghana have transformed the exploratory potential of its offshore acreage. ENI acquired Blocks 1 & 2 and has a 100% interest. The blocks are located in the Dahomey Basin, offshore Togo. The blocks are scarcely explored and are bordered to the west by the analogous Tano basin where major discoveries have been made previously. ENI plans to commence an aggressive exploration program in 2011 which could culminate with the drilling of a well in 2012. ENI announced on March 10, 2011, in its 2011-2014 Strategic Plan that it will spend about €53.3 billion for ­upstream ­activities to increase global oil and gas and to start new projects in promising exploration prospects in countries such as Togo, Ghana, Democratic Republic of Congo and Mozambique. 





                                                                               Benin
The Republic of Benin is situated to the west of Nigeria. The offshore basin includes the Seme north and Seme south fields (80 mmboe) discovered in 1975, and the Hihon-1 and Fifa-1 discoveries (drilled by Kerr McGee which was later acquired by Anadarko). Onshore, a tar belt in the coastal region has been sourced from a Lower Cretaceous lacustrine kitchen located offshore. These hydrocarbons prove the existence of working petroleum systems in the region and there appears to be considerable remaining exploration potential in the offshore area.

Anadarko drilled the Sota 1 wildcat in 1,924m of water on Block 4 during the summer of 2007 which was dry.

Figure of blocks in Benin. Source TGS

Petrobras recently entered Benin by acquiring a 50% interest in Block 4 which covers a huge area of 7400 sq km. The block lies at a water depth that varies from 200 to 3,000 m, and is about 60 Km from the coast. The block is located in the Gulf of Guinea’s Dahomey Basin. Lusitania Petroleum holds the remaining 50% and is operator although Petrobras has the option to assume operatorship. The company has made a commitment to collect and process 2,250 sq km of 3D seismic data by the end of 2011 and once the exploratory potential of the area is confirmed, the consortium will commence operations, initially drilling 3 wells.

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