Nigerian oil company South Atlantic Petroleum Ltd (Sapetro) said Thursday it had concluding its collection of 2D seismic data in two blocks in the Mozambique Channel: Juan de Nova and Belo Profond.
According to the statement, the Juan de Nova block has an area of 52,990 square kilometres and is next to the blocks in the Rovuma basin where US group Anadarko Petroleum and Italy’s ENI discovered large natural gas reserves.
The Belo Profond block is located in Madagascan territorial waters and covers an area of 13,770 square kilometres.
The two blocks are located in areas that are between 1,800 and 3,200 metres deep and the seismic data that has been collected so far shows the existence of geological formations that are likely to contain hydrocarbons.
The chairman of Sapetro, Martin Trachsel, said that within a year the company would have enough data to start collecting 3D seismic data and drill some test wells. (macauhub)