Invest in ESWT
Base Energy is inviting interested parties to participate in the process within the Expanded Shallow Water Tano (ESWT) Block, Offshore Ghana. The ESWT Block consists of three discovered fields and comprises 1,500 square kilometres in water depths ranging from 55 meters to 116 meters.
Prospective bidders will have to execute a Confidentiality Agreement to review information for the potential transaction through access to a virtual data room.
Our overarching outcome is to invest, develop and maximise value on the block. Below are some reasons to invest in the ESWT Offshore Ghana block.
Key block highlights
3
Oil & Gas discoveries on block
600
mmbbl STOOIP
17
Wells over ESWT Block
2D
Seismic data over entire block
Explore ESWT
Watch our video and find out how we plan to maximise value on the Expanded Shallow Water Tano (ESWT) offshore block.
Low development costs
Shallow water
Shallow water development in 80 – 120m of water on the Ghana Continental Shelf
Options
Favourable development commercial options as opposed to deep-water developments
Reserves
Less reserves requried to be economically viable
Great upside on exploration and development
High case
1 billion barrels of potential resources
Data
3D seismic to identify more exploration targets and delineate current discoveries
Potential
Potential to aggregate more discoveries into CPF
Accelerated production options
Discoveries
3 Oil and Gas discoveries already on the Block
Status
Economic screening completed and commerciality options developed
Ready
Ready for extended well testing options now
Significant amount of data on the block
Wells
17 wells over ESWT Block
Test data
Well test data and core data
Visibility
2D Seismic data over entire block / More 3D required
Progressive partnership
Joint venture
Collaborative partnerships with joint venture
Agile
Lean, and agile decision-making structure
Aspiration
Aspiration to commercialise block as soon as possible
Maximising value
Our strategy for the block is to explore more and aggregate what is currently discovered to maximize value.
To achieve this strategy we will acquire 3D seismic on block, drill exploration and appraisal wells and develop the cluster. We will also meet the highest safety, environmental, governance and business conduct standards across all our operations.