UK INDEPENDENT DOMINION Petroleum said an independent audit showed mean prospective resources of 1.1bn barrels of oil or 7 Tcf of gas in its Alpha prospect on Block 7, offshore Tanzania.
Dominion said the competent persons report (CPR) was performed by Energy Resource Consultants who risked the prospect with a 12 per cent chance of success.
Alpha is Dominion’s first prospect in Block 7 and it said the CPR work was carried out to assist in the planning of a 1000 square km 3D seismic survey.
The survey will begin next month and the company said it expects it to take 60 days to acquire.
Chief executive Andrew Cochran said the work completed so far demonstrated the "world class" nature of Block 7 in terms of hydrocarbon potential.
"Once armed with the upcoming 3D we will carry out additional technical analyses and update the full prospect and lead inventory accordingly," he said.
Dominium also announced it had spudded the Kianika-1 well in the Mandawa PSA, onshore Tanzania which was targeting about 264 Bcfof gas.
