Impact’s AGC Profond block was ratified in October 2014. It sits within the common maritime zone established in 1993 between Senegal and Guinea-Bissau in water depths ranging from 1,000 to 3,600 meters.
AGC Profond lies across the principal sand fairway of the Late Cretaceous Casamance deep marine fan as well as the Jurassic-Cretaceous carbonate platform edge along the eastern flank of the block. Seismic interpretation is underway across two existing 3D surveys, Cheval Marin and Croix du Sud.
This petroleum system has recently been successfully tested by Cairn Energy with the FAN-1 and SNE cluster discoveries, located to the north of the AGC Profond block.
Whilst Kora-1, the only previous deep-water well to be drilled in AGC Profond, was drilled on the crest of a salt structure and lacked reservoir sand, a number of large untested structural and stratigraphic leads with good reservoir development can be mapped over much of the licence.
Impact signed a farm-out agreement with CNOOC-Nexen in March 2017
Allocation of interest
CNOOC (Operator) 65%
Impact Oil and Gas 20%
Enterprise AGC 15%