Unisol (EGME) owns a participation interest in all the onshore PSCs held by Simba Essel Energy, across several African countries. Under the terms of the agreement, EGME will provide funding for exploration costs in return for a 60% participating interest in Simba’s portfolio of African oil and gas prospects.
About The Assets
Kenya – Mandera Basin and Anza Basin, Block 2A
Block 2A is a highly promising 7,802 sq. km prospect in Eastern Kenya. Falling within the confines of Block 2A are sections of two basins, the Mandera and Anza basins, which already have proven petroleum systems.
Block 2A is ideally situated within easy access of Kenya’s two transport corridors, Lamu and Mombasa, enabling EGME to minimize transportation costs and take advantage of significant export opportunities. It will be one of the first operational oil fields on the eastern coast of Africa, giving EGME an advantage over companies with assets in Nigeria and other West African nations who are currently exporting oil to Asia and South Asia.
In March 2016, Africa Geophysical Services was mandated to conduct the 2D seismic survey for EGME, which represented an important step ahead of the drilling program. The aim of the 2D seismic survey was to identify and evaluate areas with hydrocarbon potential in Block 2A and confirm the previous geophysical studies. The survey area covers approximately 520 LKM of seismic lines and validates anomalies based on the previous FTG and passive seismic surveys. Seismic processing has been completed by Petroleum Geo-Services and seismic interpretation by Xodus Group. The data was further accessed by Sproule and CGG for revalidation.
Based on the integration of all available data, the interpretation has identified several potential leads in Block 2A.
We have recently received approvals from Ministry of Energy & Petroleum (MOEP), Kenya, for drilling of 2-exploratory wells.