Savannah Petroleum, Niger-focused oil and gas company, has found 14 drill-ready exploration prospects with estimated total gross unrisked mean prospective oil resources of 215mn barrels at Eocene and Upper Cretaceous reservoir horizons in R1/R2 Licence Area
The company said that detailed 3D seismic mapping over an approximate 680 sq km area of the permit , around eight per cent of the total R1/R2 area, also resulted in the discovery of additional 37 exploration leads along the north-west and north-east flanks of the permit.
Seismic mapping has identified a series of potentially large exploration leads along a regional high at the Upper Cretaceous horizon, with potential closures of up to 40 sq km.
Savannah Petroleum CEO Andrew Knott said, “This update reflects the culmination of over nine months of technical work, with Savannah Petroleum having had the equivalent of a team of six senior geologists and geophysicists working full time on this project. I look forward with confidence to the next phase of our analysis of the subsurface, as we move towards further seismic acquisition and the commencement of our drilling campaign on R1/R2.”
The R1/R2 permit is situated in the oil prolific Agadem Rift Basin of South East Niger and covers an area of approximately 8,406 sq km. A dataset consisting of 11,583 sq km of modern 3D seismic, 18,610 km of modern 2D seismic, around 30,000 km of vintage 2D seismic and over 250 wells with logs and final reports is held by the Ministry of Energy and Petroleum.