Simba Energy granted three blocks in Chad

Seismic testing. (Image source: Simba Energy)Seismic testing. (Image source: Simba Energy)Onshore Pan-African oil and gas explorer, Simba Energy, has signed an agreement with the Republic of Chad covering three of the country’s prospective oil and gas concessions

The agreement grants Simba with 100 per cent interest production sharing contracts (PSCs) on concessions in the Doba, Doseo and Erdis basins.  
The agreement obliges both parties to agree to finalise the first-year work programme and complete the PSC documentation by October 20, 2012.
“Simba is very enthusiastic about the potential of having secured 100 per cent interests in these three concessions,” said Simba’s managing director of operations, Hassan Hassan.
“Each block is potentially a company maker in its own right and nicely complements our existing asset portfolio in terms of long-term growth potential.”
The first two concessions, Chari Sud Block I and the southern half of Chari Sud Block II, are adjacent and comprise a total of 10,111 sq km in southern Chad.
These blocks lie directly south of Griffiths Energy’s and Glencore International’s DOB, DOI and Borogop blocks where the nearby Mangara and Badila oil fields are located.
Further proven reserves are currently under advanced appraisal and production development in this area.
Gravity and magnetic surveys across both Chari Sud Blocks I and II, along with existing 2D seismic data, indicate the same basin morphology as the producing fields.
Pipeline infrastructure skirts the NW corner of Chari Sud Block I.
The blocks are located in the southern margins of the Doba and Doseo basins as part of the West and Central African Rift System that extends across central Africa from Nigeria to Kenya.
The third concession, Erdis Block III, totalling 15,700 sq km, is located in the southern portion of the Erdis basin which covers approximately 400,000 sq km extending across NE Chad, NW Sudan, and SE Libya.
The Erdis basin is one of several adjacent intracratonic basins across North Africa that share sedimentological and geological history and together form a Palaeozic mega-province where significant current production already exists and substantial potential remains underexplored.
www.simbaenergy.ca/projects/chad.aspx

 

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