Operations
BLOCK 16
| Angola | Block 16 |
|---|---|
| Working Interest | 15% |
| Production Start-up | - |
| Production Peak | - |
| Operator | Maersk |
| Work Programme | Exploration |
Background:
In November 2007, Afren announced the acquisition (subject to final approvals) of a 15% working interest in Block 16 from Devon Energy Corporation (“Devon”). The Joint Venture partners on the block are Maersk - the operator (50%), Odebrecht (15%) and Sonangol (20%). Block 16 is situated offshore Angola within the Lower Congo Basin and it covers an area of 4,932km2 in water depths ranging from 250m to 1,500m.
The adjacent blocks form part of the prolific deep water Angola oil province and contain several billion barrel oil fields in the deep water. Block 16 has seen a total of nine well penetrations resulting in a number of small discoveries; most notable of which is Bengo.
Operations Update:
A three-well exploration programme is planned to commence in late 2008, targeting prospects located in the deep water part of the block.
