Woodside set to operate AGC Profond offshore northwest Africa

Offshore staff

PERTH, Australia – Woodside Energy (Senegal) has agreed to acquire a 65% operated interest in a production-sharing contract for the AGC Profond block offshore Senegal and Guinea-Bissau.

The 6,700-sq km (2,587-sq mi) concession is in water depths of 1,400-3,700 m (4,593-12,139 ft).

It is to the west of the Dome Flore and Dome Gea oil accumulations, and south of Cairn Energy’s deepwater Fan-1 and SNE-1 and 2 oil discoveries offshore Senegal.

Impact was awarded the license in October 2014, and began its technical evaluation by purchasing legacy 2D and 3D seismic data, comprising around 3,990 sq km (1,540 sq mi) of 3D and 4,933 line km (3,065 mi) of 2D data.

Analysis suggests prospectivity at various stratigraphic levels, from the Cretaceous deepwater clastics in the west of the license to the Jurassic and Cretaceous platform margin plays in the east, similar to Cairn’s discoveries.

Assuming regulatory approval for the farm-in, Impact Oil & Gas AGC will retain a 20% interest with Entreprise AGC SA (an entity owned by Senegal and Guinea-Bissau) retaining 15%.

02/19/2016

Share your news with Offshore at news@offshore-mag.com

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

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...