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SouthWest Energy Signs PSA for Gambella Concession

Source: www.gulfoilandgas.com 1/9/2012, Location: Africa

The Ethiopian Government’s Ministry of Mines has awarded SouthWest Energy the Gambella concession. This gives the company a strong potential upside and the added bonus of a diversification of prospective resources.

The block is 17,000 km2, half the size of Belgium, and is adjacent to the South Sudan border. A field across the border has 900 million barrels of proven reserves. This proven discovery and geology is called the Sobat High and it extends into the Gambella concession. A FTG survey is planned for 2012, followed by seismic acquisition.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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