The Agence de Gestion et de Coopération entre la Guinée-Bissau et le Sénégal (AGC) awarded African-focused Impact Oil and Gas a new exploration license covering the AGC Profond block, located offshore, in the Senegal Guinea Bissau Joint Development Zone (AGC).
The offshore AGC Profond license is located in a proven petroleum area west of the Dome Flore and Dome Gea oilfields, adjacent to Impact’s Block 4B, offshore Guinea-Bissau. It covers approximately 6,700sq km, in water depths ranging from 1000m to more than 3000m.
The initial term of Impact’s license lasts for three years. During this period Impact expects to acquire, reprocess and interpret existing data on the license. Further seismic may be acquired if it is deemed necessary. A well could be drilled before the end of the first period or during the first renewal period, which lasts for two years.
This new license increases Impact’s total license holding offshore Africa to more 100,000sq km.
AGC Profond was previously held by a consortium led by Ophir Energy plc, which drilled the Kora-1 well in the northern part of the Block in 2011. The well was located on the crest of a salt piercement feature and encountered claystone and interebedded limestones rather than the prognosed sandstone reservoir facies. However, Impact believes that the block remains very prospective – particularly for Cretaceous fans which have been the target for recent successful drilling in Cairn’s Senegal Sagomar licence located to the north of the AGC Profond Block.
Impact is the operator with 85% interest, with partner Enterprise AGC S.A. (15%).
Map from Impact.
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