$7,000,000
Somalia Block 192
SOMA Oil & Gas is seeking a partner to help fund 3D seismic acquisition over prospects mapped on 2D.
The company holds PSAs for 3 offshore Blocks in 2022 with agreements in place with the Federal Government (FGS). The blocks held by SOMA Oil & Gas are 129, 130, & 192 and each block is 5000 sq,km
SOMA Oil & Gas have mapped a number of Jurassic Carbonate plays on multiclient 2D seismic and these plays have been high-graded as the primary drilling target.
Cretaceous Deepwater Fan plays provide secondary drilling target.
There is substantial running room in open acreage, SOMA Oil & Gas plan to fast-track exploration drilling to get to production stage.
Details
Asset Name
: Somalia Block 192
Ref
: AF-SOM-192
Continent
: Africa
Country
: Somalia
Location
: Offshore
Project Phase
: Exploration
Latitude
: 0.65
Longitude
: 45.1
License Start
: 2022
License Expiry
: 2030
Operator
: SOMA Oil & Gas
Other partners
: None
Farmout company
: SOMA Oil & Gas
Mandated Agent
: none
Work Programmes
: Seismic, Drilling
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel confidence
: High
Consideration Sought
: $7,000,000