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Block SHAKTI (FT- 2000), Onshore Gabon, West Africa |
- We have acquired this onland block located in Gabon, West Africa. OIL INDIA has a 45% participating interest and the remaining partner in the consortium is IOCL (45%).
- Block covering an area of around 3760 sq.km is located in less explored Interior basin towards the northeastern part of this geo- politically stable oil rich country.
- Block is adjacent to the PANOCEAN ENERGY operated producing Remboue oil field (Block ET 2000).
- Block prospectivity is expected to be the pre-salt Cretaceous clastic plays with an indicated reserve of 881 MMbbl oil.
- Minimum Work commitment involves the acquisition of 700-lkm 2D seismic and drilling of 1 well.
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 Block |
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FT-2000 |
| Location |
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Interior Basin |
| Area |
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3761 sq.km |
| Past Exploration |
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Aero gravity, magnetic, 2D Seisimic and Wells |
| Work Commitment |
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- Reprocessing of 2D Seismic data
- 700 km API of 2D Seismic 1 well
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| LOCATION |
- The river Lambourn flows through it. On the East is Block ET2000 with the Remboue field
- On the West is
unexplored territory
- On the North is Block CT2000.
- On the South Block MBINDJI with CONACO.
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| HISTORY |
The Block was with SPAFE (Elf Subsidiary) during the 1950’s to late 60’s . Has got 24 well drilled. There are Oil shows, Gas shows, Oil flows and Dry wells Though Oil was discovered in FT 2000 way back in 1950’s the commercial viability at USD 9 per Barrel was not a great incentive against the logistical problem (then) and the size of the find itself. But today’s price of USD 50+ per Barrel is definitely a great attraction for any E&P company. British Gas did 2D seismic in the year 1991 thro 1992.
This block was originally called the Abanga and has now been renamed as Shakti. |
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