Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

SOCO Signed Contract For Marine XI block , Offshore Congo

Source: www.gulfoilandgas.com 8/25/2005, Location: Africa

Share |

SOCO has announced that its subsidiary, SOCO Exploration and Production Congo (SOCO EPC), has signed a production sharing contract with Société Nationale des Pétroles du Congo (SNPC) wherein it has acquired an interest in the , offshore Congo (Brazzaville). SNPC was confirmed as licensee of Marine XI by an 18 July 2005 Presidential decree.

SOCO EPC will be the operator with a 75% working interest in the block. The exploration and production branch of SNPC (15%) and AFRICA OIL & GAS CORPORATION (10%) hold the remaining interests. The block, located in the Lower Congo Basin, is in shallow water adjacent to the coast with water depths ranging up to 110 metres and covers approximately 1, 400 square kilometres. There has been previous exploration activity on the block resulting in four small oil discoveries, the largest of which has initial recoverable reserves estimated to be in the 20 million barrel range.

The previous discoveries are in the shallower horizons of the sedimentary section in Marine XI. The deeper section, productive onshore and on trend to the south in Cabinda, has not been adequately evaluated as it could not be accurately mapped using older seismic data. By employing the modern seismic techniques that the Company successfully applied in Vietnam to map the Basement reservoir, SOCO EPC expects to exploit the potential of the deeper section. As exploration in West Africa moves into ever deeper waters, the application of new technology provides access to significant reserve potential in underexplored shallow water areas

Exploration News in Congo >>

Urals Energy Announces Operational Update
  Russia >>  1/30/2015 - AIM-listed Urals Energy, the independent exploration and production company with operations in Russia, has announced an update on its operations at Ar...
Cyprus in Talks with Noble on Exploitation of Gas
  Cyprus >>  1/28/2015 - Cyprus and U.S. energy company Noble are discussing the potential exploitation of a gas field discovered in 2011, the island's energy minister said. <...

Chevron Expands its U.S. Gulf of Mexico Leasehold Position
  United States >>  1/28/2015 - Chevron Corporation through its subsidiary, Chevron U.S.A. Inc., will work with BP Exploration and Production Inc. (BP) and ConocoPhillips Company (Co...
Buru Energy Spuds Sunbeam-1 Exploration Well in EP 129
  Australia >>  1/27/2015 - Buru Energy has advised that drilling operations on the Sunbeam-1 well commenced at 19:30 hours on 25 January 2015 (AWST) using DDH1 Rig 31. The Sunbe...

Canacol Tests 21 MMSCFPD at Clarinete 1 Gas Discovery
  Colombia >>  1/27/2015 - Canacol Energy Ltd. is pleased to announce that Clarinete 1, the first well drilled in its recently acquired VIM 5 Exploration and Production (“E&P”) ...
Kyzyloi Gas Production Contract 15-Year Extension
  Kazakhstan >>  1/23/2015 - Tethys Petroleum Limited announced that its wholly-owned Kazakh subsidiary, TethysAralGaz LLP (TAG), has received permission from the Ministry of Ener...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Congo Oil & Gas 1 >>  2 |

More News

Oil & Gas Projects in Congo >>

Oil & Gas Companies in Congo >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed