Oranto Petroleum looking to partner up for exploration in Senegal oil fields
The Nigerian privately-held exploration and production company is looking for farm-in partners in Senegal’s Cayar Shallow while continuing exploration in the highly prospective Saint-Louis Shallow.
Currently, Oranto is in the first phase of its exploration campaign in Saint-Louis Shallow and official estimates mention reserves of between 100 and 200 million barrels of oil.
The Cayar Shallow features a total acreage of 3,618km2, which lies immediately north of the Dakar peninsular and the FAN-1 and SNE-1 Cairn Energy discoveries at Rufisque. These discoveries have drawn considerable attention to the area. So far, 1,000km2 of 3D seismic data has been acquired, on top of an initial iteration of quality, reprocessed 2D seismic activity.
The Cayar Shallow block is open to farm-in partners seeking to continue exploration in this highly prospective area.
This article will be published in the upcoming Africa Energy Series: Senegal report which will be launch at the London Investor Forum hosted by Africa Oil & Power on June 11, 2019.