SacOil starts operations on Malawi block

Malawi landscape oilOperator SacOil owns a 100 per cent interest in Block 1 in Malawi. (Image source: Dr Thomas Wagner)Independent African oil and gas company SacOil has confirmed that first operations on Block 1 in Malawi have begun

The firm said that environmental and social impact assessments were now underway on the block, which it was awarded in December 2012.

SacOil confirmed that the initial planning stage on the block was being conducted in consultation with the Malawian government and that it was targeting completion of the work programme by Q2 2014.

Located in north-western Malawi close to the country's borders with Tanzania and Zambia, the licence falls within the East African rift system, which has witnessed a number of prolific oil discoveries in recent years.

SacOil owns a 100 per cent interest as operator in Block 1, which covers an area of 12,265 sq km and is the second largest petroleum exploration license demarcated in Malawi.

The exploration license will run for an initial four-year period, followed by two three-year renewal periods.

SacOil provided the update on its Malawian progress in its latest operational report, in which it also confirmed that work had begun on a 2D seismic data planning and acquisition programme on Block III in DR Congo, and that approval of its 2013 Work Programme and Budget had been given to its activities in OPL 233 in Nigeria.


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