DAKAR, Senegal –Elenilto is named operator of the Senegal Offshore Sud Shallow Oil block production sharing contract. Petrosen will have a minority participation interest.
The block covers 7,920 sq km (3,058 sq mi) in Southern Senegal Casamance offshore basin, covered by 2D seismic. Oil Resources volumetric assessment based on reprocessed 2D seismic coverage indicates potential of 500-800 MMbbl oil in first priority leads. Other deeper possibilities are highly likely and will be explored by Elenilto.
Elenilto has selected two areas of interest as first priority for immediate further exploration and plans to begin a 3D seismic survey.
The company will invest $10 million on the 3D seismic and drilling wells in the shallow water block.