$1,000,000
DRC Lake Albert Blocks I, II, IV & V
DRC Lake Albert Blocks I, II, IV & V are available via Bid Round
The blocks have not yet produced any oil. There is a possibility that they hold similar amounts of crude to those on the Ugandan side of Lake Albert.
TotalEnergies took final investment decision to develop a project on the eastern side, which aims to produce 220,000 barrels per day of crude.
Details
Asset Name
:
DRC Lake Albert Blocks I, II, IV & V
Ref
:
AF-COD-B12
Continent
: Africa
Country
: Democratic Republic of the Congo
Location
: Onshore
Project Phase
: Exploration
Latitude
:
1.3806
Longitude
:
30.3572
Operator
:
Sonanhydroc
Farmout company
:
Sonanhydroc
Mandated Agent
:
None
Work Programmes
: Seismic, Drilling
Back Costs
: < $100,000
Equity Offered
: 80 - 100%
Deal Status
:
Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
:
$1,000,000