Oil and gas exploration company Tullow Oil has farmed into licenses located in the Indian Ocean offshore Comoros. Tullow said on Thursday that it had agreed with Discover Exploration to farm into Blocks 35, 36 and 37, offshore the Union of the Comoros in the Indian Ocean.
Following the completion of this transaction, which requires government approval, Tullow will operate the three blocks and hold a working interest of 35%. Discover’s other partner in these three blocks is Bahari Resources with a 40% working interest. Before Tullow’s farm-in, Bahari held the role of the operator.
According to Tullow, the blocks comprise a deep water area of 16,063 sq km with a gross unrisked resource potential of up to 7 billion barrels of oil. A 3D seismic survey is planned for 2019.
The license area is adjacent to the proven and prolific Rovuma gas basin, offshore Mozambique, where the JV partners include Anadarko, CNOOC, Eni, ExxonMobil, Mitsui & Co. and PTTEP. However, despite its close proximity to these world-class discoveries and highly competitive exploration basins, the Comoros are still largely underexplored.
Source: Offshore Energy Today