Sterling confirms entry to offshore Mauritania block

Offshore staff

LONDON – Sterling Energy has completed acquisition of a 40.5% interest from operator Tullow in the production-sharing contract (PSC) for block C-3 offshore Mauritania.

The 9,800-sq km (3,784-sq mi) shallow-water PSC, awarded in 2013, is currently in the first phase of its exploration period, due to expire at end-June 2016.

Last year Tullow acquired 1,600 km (994 mi) of 2D seismic, currently under evaluation. Processing of the data will fulfil the minimum work obligation.

Following completion, the partners may opt to enter phases 2 and 3, each with a three-year term and a respective obligation to acquire 700 sq km (270 sq mi) of 3D seismic and one well.

Sterling says the block is in an underexplored area of the Mauritanian shelf region where there has been limited drilling and seismic acquisition. It is, however, on a multiple play exploration setting on trend with last year’s SNE-1 oil discovery offshore Senegal and Kosmos Energy’s deepwater Tortue gas discovery this April offshore Mauritania.

07/31/2015

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...