SDX targets oil from Manatee well offshore Cameroon

Offshore staff

LONDON – The jackup Paragon M825 has spudded the Manatee-1 exploration well for Dana Petroleum on the Bakassi block offshore Cameroon.

Drilling, in a shallow-water location in the Niger Delta basin, is expected to take up to 45 days to complete, with a planned subsurface depth of 1,550 m (5,085 ft).

SDX Energy, Dana’s partner in the well, says the surrounding concession is covered by 350 km (217 mi) of newly acquired 2D seismic, with 13 new prospects and leads identified.

Manatee-1, in the southwest corner of the block, was chosen based on its geological similarities to the Abana oil field, 7 km (4.3 mi) to the southwest, which came onstream in 1999.

SDX CEO Paul Welch said: “In the success case of an oil discovery, we believe that an accelerated development plan could be put together given the shallow water location and the example set by Abana, which achieved first production less than 24 months after the TD of the discovery well.

“The Bakassi block has numerous prospects and leads and success at Manatee-1 will significantly de-risk these other opportunities.”

03/02/2016

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