Seismic acquisition in Madagascar has continued to provide encouraging data and 560km of 2D seismic acquired from Block 3111 has now been interpreted and will be used to pick a potential wildcat location to commence drilling in early 2014. Following Tullow’s decision to farm-down an intended 50% of its 100% equity in Blocks 3111 and 3009, the process has now been initiated and the data room is open.
Following the completion of a field programme in the first half of 2011, over 450 km of good quality 2D seismic data was then acquired in Blocks 3109 and 3111 which has been processed. The rift basin trend covered by the seismic data has already proven successful for light oil in Block 3133 directly to the south.
12 month Exploration & Appraisal Programme