Simba Energy Inc. announced that an agreement has been reached between Simba Energy Inc. and the Republic of Chad granting the company 100% interests in the production-sharing contracts (PSCs) on three prospective oil and gas concessions in the Doba, Doseo, and Erdis basins.
By signing the Protocole d’Accord, both parties agree to finalize the first year work program and execute the PSC documentation by Oct. 20.
The first two (adjacent) concessions, comprising a total of 10,111 sq km (3,904 sq miles) in southern Chad are referred to as: Chari Sud Block I (6,400 sq km, or 2,471 sq miles), and the southern 50% of Chari Sud Block II (3,711 sq km, or 1,433 sq miles), according to a news release. These blocks lie directly south of Griffiths Energy’s & Glencore International’s DOB, DOI, and Borogop blocks where the nearby Mangara and Badila oil fields are located and further proven reserves are currently under advanced appraisal and production development.
Gravity and magnetic surveys across both Chari Sud Blocks I & II, along with existing 2D seismic, indicate the same basin morphology as the producing fields, the release stated. Pipeline infrastructure skirts the NW corner of Chari Sud Block I. The blocks are located in the southern margins of the Doba and Doseo basins as part of the West and Central African Rift System that extends across central Africa from Nigeria to Kenya.
The third concession, Erdis Block III, totaling 15,700 sq km (6,062 sq miles), is located in the southern portion of the Erdis basin (known as the Kufra basin in Libya) which covers approximately 400,000 sq km(154,440 sq miles) extending across NE Chad, NW Sudan, and SE Libya. The Erdis basin is one of several adjacent intracratonic basins across North Africa that share sedimentological and geological history and together form a Palaeozic mega-province where significant current production already exists and substantial potential remains underexplored.
There are numerous oil discoveries to the north in Libya while recent seismic on Sudan’s Block 14 to the east looks prospective with two wells planned. With sediments to 11,000 m (36,089 ft) ensuring maturity is present, gravity across the entire block also indicates the presence of a major deposition center, which enhances major reservoir development.
Recommended Reading
Marketed: Mississippian Play Opportunity in Grady County, Oklahoma
2024-05-06 - An undisclosed seller has retained EnergyNet for the sale of a Mississippian play opportunity in the Bennet 0607-22-27-1MXH in Grady County, Oklahoma.
Marketed: DLH Capital 14 Well Package in SCOOP/STACK
2024-05-06 - DLH Capital LLC has retained EnergyNet for the sale of a 14 well package SCOOP/STACK opportunity in Blaine, Caddo, Canadian and Grady counties, Oklahoma.
Dara Energy Acquires Assets in Three States from Vinland
2024-05-06 - Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.
IOG Resources Acquires Interests from Civitas
2024-05-06 - IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.