Emperor Oil has revealed that it has been engaged in discussions with the Sudan Oil Ministry concerning a production sharing agreement encompassing Block 7 in the Rawat oil field
The National Instrument 51-101 standards have calculated reserves of 94.7mn barrels of recoverable oil at the Rawat oil field, which is located within a 20 sq km area of the 10,000 sq km Block 7 concession. The Rawat field is located 60km from Sudan’s oil export pipeline.
Emperor said it plans to prepare three discovery wells for commercial production once it has secured the production sharing agreement. The company will be entitled to a 42.5 per cent ownership interest in the block through a memorandum of understanding (MoU) with State Petroleum Overseas.
The company has identified an inventory of six undrilled prospective oil fields within the area.
Emperor also recently reported that it has drilled its first Turkish gas exploration well, completion and testing of which will be conducted by Schlumberger.
