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.
Oil & Gas discoveries on block
STOOIP on current discoveries
Wells over N/S/W Tano
Seismic data over entire block
Shallow water development in 80 – 120m of water on the Ghana Continental Shelf
Favourable development commercial options as opposed to deep-water developments
Less reserves requried to be economically viable
High Case on current discoveries is > 1.5bb STOOIP
3D seismic to identify more exploration targets and delineate current discoveries
Potential to aggregate more discoveries into CPF
3 Oil and Gas discoveries already on the Block
Economic screening completed and commerciality options developed
Ready for extended well testing options now
14 wells over N/S/W Tano wells
Well test data and core data
2D Seismic data over entire block / More 3D required
Collaborative partnerships with joint venture
Lean, and agile decision-making structure
Aspiration to commercialise block as soon as possible
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.