AGC seeks to commercialize oil discoveries off Guinea Bissau

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The AGC Authority (Agence de Gestion et de Cooperation entre Le Senegal at La Guinee Bissau) with the support of MGGS and GeoPartners, has announced the start of the promotion of the block containing the oil discoveries at Domes Flore and Gea and the exploration prospect at Dome Iris. All the above salt related features are located in the AGC Shallow block which is now available for licensing.

Parties should register their interest by contacting the AGC Authority directly, MGGS or GeoPartners.

AGC Shallow Block

Located only 100 km away from the city of Bissau, AGC Shallow has water depths varying from 25m to 100m with the known oil at the Domes sitting in depths of 50m to 70m. A total of 14 wells exist on AGC Shallow, of which only one was drilled after the acquisition of 3D seismic data. The first 3D data was acquired in 1982 and re-shot in 2003. The most recent acquisition of 3D was in 2012.

Significant volumes of oil have been found in the early wells in shallow reservoirs overlying the salt induced ‘Domes’ at Flore and Gea. The AGC Authority is keen to see initiatives to commercialise this oil, some of which has flowed upon test, and seeks offers of a future work program from interested parties – who have studied all previous data and can demonstrate competence to operate offshore. The AGC Authority will forward further information to interested parties outlining the block and its potential with details on the application process to award the block.

MGGS has been mandated to manage and license the database, which includes both legacy data from previous operators and more recent work conducted on the shallow oil and reservoirs. The new information has been utilised in a review of the existing wells and various reprocessed seismic packages, then linked into possible commercial development concepts.

The data will be available by mid April and a database information circular will be published shortly – contact MGGS to be included on the mailing list.

For further information or to register your interest please contact either:

Papa Boucar Faye on boucar.faye@agc-sngb.org
Marc Guillon on marc.guillon@mggs.eu
Elwyn Jones on elwyn.jones@geopartnersltd.com

The post AGC seeks to commercialize oil discoveries off Guinea Bissau appeared first on Energy News | Oil and Gas News.

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