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Senegal / Guinea Bissau

AGC - Senegal / Guinea Bissau

  • An 85% participating interest (80% working interest if the AGC exercises the AGC back-in right) in the AGC Central, an offshore exploration area in water depths of 100 to 1,500 metres.
  • Oryx Petroleum is pursuing a carbonate edge play type in the AGC Central, a play type that other operators have pursued with success elsewhere in the Casamance sub-basin.
  • In early 2017 the acquisition of 1,921km2 of 3D seismic data covering a portion of the AGC Central license area was completed. Processing and interpretation was completed in late 2017.
    • 23 prospects in 6 structures identified with gross unrisked (100%) best estimate prospective resources of 2.9 billion barrels (risked: 261 MMbbl)
  • Prospect selection, environmental impact assessment and well engineering expected in 2019 with drilling to follow.