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2007 work program for Baraka’s Taoudeni Basin project approved by Mauritanian Government

Source: www.gulfoilandgas.com 4/17/2007, Location: Africa

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Baraka Petroleum Limited announced that the Mauritanian Government’s Ministre de l’Energie et du Pétrole (MEP) department has approved the 2007 work program and budget for its Mauritania on-shore Taoudeni Basin Blocks Ta11 and Ta12.The 2007 exploration activities budget is forecast to be approximately US$4.9 million.

Baraka has a 100% free carry through this work program.As part of the approved work program the operator will conduct Airborne Magnetics, Gravity surveys and geological studies.

The airborne magnetics and gravity survey will be 37,000 km in length, commence in May and conclude in September 2007.The Operator recently completed a 3D thermal modelling study in Ta11/12 region with the objective of determining the area’s relative prospectivity for oil and gas generation.

Preliminary modelling results are encouraging, with a wide range of thermal maturities expected from south to north.

Baraka’s subsidiary Baraka Mauritania Ventures Limited (BMV) and Woodside Mauritania Pty Ltd, a wholly owned subsidiary of Woodside Petroleum Limited (Woodside), entered into aProduction Sharing Contract (PSC) for the Taoudeni Basin Blocks Ta11 and Ta12 in 2004.

Woodside opted for a farm-in of 75% interest and operatorship with Baraka maintaining 25% interest. The blocks cover approximately 60,000sqkm and cover an area near the Mali /Mauritanian border.

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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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