Cameroon- Njonji-3 Apprisal well drill ready5 Nov 2021 12:03
As per CPR from 2018...
"The economics show a four well ‘stand-alone’ development of just the contingent Northern Njonji resource potential is commercial. This could produce 8,000 bopd, with the proximity to local infrastructure providing rapid cash flow with recovery of exploration costs under the PSC from potential annual cash flows of >$100 million and an EMV10 of US$118 million. An additional EMV10 of US$82 million is calculated for the development of the prospective Southern Njonji resource potential. Substantial 100+ MMboe potential upside remains undrilled in the Dissoni South and Idenao East analogue prospects in the Block, immediately south of Perenco’s Dissoni field. "
"The undrilled deep exploration play potential in the Thali PSC offers equally large resource upside already proven on trend in the deeper Rio del Rey Basin. In addition to the Alba and Zafiro fields, the Isongo fields lie on trend to the south east of the Thali Block".
"The Thali PSC, (formerly known as the Dissoni PSC) covers an area of 119.2 km², with water depths ranging from 8 to 48 metres. It lies in the prolific Rio del Rey basin, a sub-basin of the Niger Delta, in which over 34.5 billion barrels of oil has been discovered to date, of which 2.5 billion barrels of oil equivalent (‘boe’) is attributed to Cameroon. This has already produced over one billion barrels of oil with estimated remaining reserves above 2,000 metres in the proven/producing ‘Shallow Plays’ estimated to be 1.2 billion boe. Substantial resource potential also exists in the Tertiary’s Miocene ‘Deep Plays’ in the area, undrilled in the Thali Block, though proven in large fields in the immediate area, including the 5+Tcf Alba and 2 Bn bbl Zafiro fields south of the Block."
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