Senegal Louga Block

Key Features:

• Onshore block of 27,000km²
• Virtually unexplored acreage position but highly accessible terrain near Dakar/St. Louis
• High potential Paleozoic play with multiple trapping scenarios
• Ongoing renewal of EPSA
• T5 proposed to be Operator with an initial 90% Working Interest, 100% Paying Interest (during the exploration phase)
• Exploration term of 7 years, with an initial exploration period of 3 years
• Work commitment: re-processing of existing 2D seismic profiles and acquisition, processing and interpretation of 1,100km of new 2D seismic profiles in first period, optional well commitment in second period

A major portion of the Louga Block is located on a Paleozoic basin. Petroleum exploration efforts in Senegal have historically been focused upon the exploration of the Mesocenozoic Basin. The existence of a Paleozoic Basin has presented significant hydrocarbon potential based on the results of various geological, geophysical and geochemical studies carried out during the different exploration phases.

View corporate strategy