African Petroleum Corporation has announced that its wholly-owned subsidiary African Petroleum Sierra Leone Limited has signed a deal to acquire more than 1,000 sq km of 3D seismic data on offshore Block SL-4A-10
The seismic acquisition over Block SL-4A-10 is expected to commence in Q3 2014, the company added.
African Petroleum Sierra Leone Limited was awarded SL-03 in April 2010 and the adjacent Block SL-4A-10 as part of the country’s third offshore licencing round in 2012. The explorer carries a 100 per cent working interest over the two blocks.
Block SL-03 is said to contain net unrisked mean prospective oil resources of 434mn stock tank barrels.
Stuart Lake, CEO of African Petroleum Corporation, said, “With significant milestones already achieved in 2014, the announcement continues to demonstrate African Petroleum Corporation’s move into the next phase of delivery and growth.
“The company has interpreted existing 2D data over SL-4A-10 and has identified a number of promising prospects and leads, some of which are large dip closures with amplitude support at multiple stratigraphic levels. The acquisition of 3D seismic data over the block will de-risk this acreage further and meet our contractual obligations.”