Dana Petroleum begins seismic operations in Cameroon
Dana Petroleum has commenced full 2D seismic operations in Bakassi West, 18 months after signing a Production Sharing Contract (PSC) for the block with the Government of Cameroon
Bakassi West is situated in the Rio Del Rey basin in the South West region of Cameroon, adjoining the border with Nigeria, on the eastern margin of the Niger Delta. It covers an area of almost 390 square kilometres. Around 350km of 2D seismic will be acquired over the next six months and the first exploration well is planned for late 2015 or early 2016.
John Downey, Dana's managing director, Africa, said, “Dana's teams in both Aberdeen and Douala, its environmental advisor CIME, the seismic contractor BGP, Société Nationale des Hydrocarbures (SNH) and the BIR - a part of the Cameroonian security forces - have worked extremely hard to get this project to the seismic acquisition stage, which I'm very pleased to say is now underway.”
Co-venturers in the Bakassi West PSC are Dana Petroleum Cameroon Ltd which holds 55 per cent and operator of the block, Madison Cameroon Oil and Gas Limited holds 35 per cent and SoftRock Oil and Gas Limited 10 per cent.