African Petroleum to Hi-Grade Its Sierra Leonean Portfolio - Africa’s premier report on the oil, gas and energy landscape.

African Petroleum to Hi-Grade Its Sierra Leonean Portfolio

By Idahosa Ejalen

African Petroleum Corporation (APC) has signed a contract to acquire more than 1,000 sq km of three dimensional (3D) seismic data on Block SL-4A-10, offshore Sierra Leone in addition to the existing 3D coverage. The seismic acquisition over Block SL-4A-10 is expected to commence any moment from now (third quarter 2014).

The Company was awarded SL-03 in April 2010 and the adjacent Block SL-4A-10 as part of Sierra Leone’s third offshore licencing round in 2012. Both Sierra Leone licences are in their first exploration period.

APC has already identified a number of key prospects in its Sierra Leone licences, the company says in a press release. “Block SL-03 has net unrisked mean prospective oil resources of 434 MMstb (ERC Equipoise, Competent Persons Report 2014)”.

Stuart Lake, the company’s CEO says that APC has interpreted existing two dimensional (2D) data over SL-4A-10 “and has identified a number of promising prospects and leads, some of which are large dip closures with amplitude support at multiple stratigraphic levels. The acquisition of 3D seismic data over the block will de-risk this acreage further and meet our contractual obligations.”

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