(Energy Analytics Institute, Ian Silverman, 1.Apr.2018) – The consortium, comprised of three companies, was awarded a block in the southeastern basin of the Gulf of Mexico.
“This is a formidable partnership of like-minded companies with significant worldwide experience, which augurs well for future success in Mexico,” said Sapura Energy Berhad President and Group Chief Executive Officer Tan Sri Dato’ Seri Shahril Shamsuddin in an official company statement.
Sapura Exploration & Production, a wholly-owned subsidiary of Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad), together with its joint venture partners DEA Deutsche Erdoel Mexico and Premier Oil were awarded Block 30 in Sureste Basin, a proven and prolific hydrocarbon province in the Gulf of Mexico.
Block 30, located in shallow waters at about 70 meters, is located directly to the south west of Premier’s Zama discovery and to the north of the Amoca oil field, was the most contested block in the bid. The consortium outbid six other bidders for the block.
OTHER LEADS
The consortium has identified material leads and prospects on Block 30 in the tertiary clastic plays, typical of the Sureste Basin and in which Premier made the Zama discovery in July 2017. The main prospect exhibits DHIs (direct hydrocarbon indicators) on the existing 3D seismic across the southern edge of Block 30, significantly de-risking a potentially material oil play there. These anomalies are similar to those seen at the Zama and Amoca oil fields. Sapura plans to purchase 3D seismic in 2019 ahead of firming up drilling locations in 2020, the company said in the statement.
Sapura E&P entered into the bidding agreement with DEA and Premier based on an equity split of DEA 40%, Sapura Energy 30%, and Premier 30%.
“Sapura Energy has been operating in Mexico since late 2012 and has worked closely with PEMEX on a number of offshore projects. The Sureste Basin is not unknown territory, the shallow water operating conditions are similar to Malaysia and our team is on familiar ground,” said Tan Sri Shahril.
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