$500,000
Guinea Bissau Block 5B
Trace Atlantic, Cap Energy and Sphere Petroleum and seeking a partner to explore Block 5B (Becuda). The block is undrilled but sits along the shelf edge play that has proven successful to the north.
The block has 3D coverage as a part of the JAAN merge 3D survey
Details
Asset Name
:
Block 5B
Ref
:
AF-GNB-B5
Continent
: Africa
Country
: Guinea-Bissau
Location
: Offshore
Project Phase
: Exploration
Latitude
:
10.7415
Longitude
:
-17.1230
License Start
: 2008
Operator
:
TraceAtlantic Oil
Other partners
:
Sphere Petroleum, Petroguin
Farmout company
:
Sphere Petroleum
Mandated Agent
:
None
Work Programmes
: Drilling
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
Deal Status
:
Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
:
$500,000