01 January 2013 – Israeli miner Elenilto has committed to spending “tens of millions of dollars” on exploring an offshore block in West Africa after being granted operatorship.
The London-headquartered company will soon begin a round of 3D seismic on the Senegal Offshore Sud shallow oil block in the Southern Senegal Casamance basin.
While Elenilto will be the operator of the block which covers 7920 square kilometres, Petrosen is in as a minority stakeholder.
Current 2D seismic data shows there is a potential of between 500 million and 800 million barrels of oil in first priority leads but Elenilto said “other deeper possibilities are highly likely”.
The company has already identified two areas of interest as immediate priorities and will soon begin 3D seismic and carry our exploration drilling.
*Eoin O’Cinneide for Upstreamonline
