|Eco Atlantic Oil & Gas||57.5%|
|Eco Atlantic Oil & Gas|
PEL 30 (Block 2012A) is located along the northern margin of the Walvis Basin and covers an area of 5817km2. The water depths over the block range from 200-1000m. Primary targets within the block are large Albian toe of slope fans and overlying Santonian channel complexes. Azinam and its partners acquired a 1092km2 3D Geostreamer survey in 2014 over one of these toe of slope fans, Osprey.
The Osprey prospect is a toe of slope sand-filled submarine fan/lobe(s), which is sealed by lateral stratigraphic & updip pinch-out of the reservoir. The prospect covers 170km2 and is Albian in age. It overlies the main Aptian source rock which is calculated to be oil mature (proven by the Murombe well to the south).
There are an additional two prospects (Fan 2 and Fan 3) which encompass the same play as Osprey and are in close proximity. Fan 2 lies along the eastern margin of the 3D seismic data and onlaps the western downdip extent of Osprey. Fan 3 is larger than Osprey, but not currently covered by 3D seismic data. These three Albian prospects alone are estimated to hold over 1Bnbbl of recoverable resource.
A secondary, Late Cretaceous, Santonian channel play is characterised by channel networks with mounded tops, suggesting differential compaction owing to sand fill. These are laterally sealed against shales in which they are encased. These well-developed channel systems extend from the shelf across the paleo-slope region and overly the Cenomanian-Turonian source rock interval.