Canadian oil and gas company Africa Oil Corp announced promising exploration findings last week from its EG-18 field offshore Equatorial Guinea.
According to Senior Geoscientist Chris Johnston, the field – located in a proven hydrocarbon basin – shows strong reservoir potential.
“Our main prospect, Jasper, appears highly prospective, with indicators suggesting the presence of oil,” Johnston said.
The company’s exploration campaign focuses on Cretaceous-age basin floor fan prospects, structures similar to those successfully explored in Namibia and South Africa. As a result, EG-18 could evolve into a significant hydrocarbon hub comparable to the Orange Basin.
“From our data, we’ve identified seismic anomalies and Amplitude Versus Offset responses that increase our confidence in a working hydrocarbon system,” said Johnston. “The correlation to nearby L2 well data and Direct Hydrocarbon Indicators further supports our belief in the area’s potential.”
Meanwhile, in Block EG-31, Africa Oil Corp. has identified gas-prone prospects, such as the shallow-water Whistler prospect near the existing Alba field. Studies, including rock physics analyses, have confirmed the potential for gas reserves in this area.
