Exploration focus on Guinea-Bissau and West Africa
Exploration activities are focused on our operated Guinea-Bissau licences and planning of the Atum well location, as well as Exploration New Ventures projects areas in our focus areas in West Africa.
Our Exploration New Ventures (ENV) activities is to a large degree built on our previous screening work spanning the region from the Republic of the Congo to Cameroon and Gabon, which has given us a solid foundation that will be used to evaluate open acreage or farm-in opportunities.
To diversify our exploration portfolio, we strive to add new West African exploration acreage going forward, preferably on ground-floor terms through participating in licensing rounds. We are also talking to various companies with whom we have strategic alignment in order to build working partnerships as we look to expand our exploration portfolio going forward.
The work of evaluating the Kossipo North and Central prospects due east and adjacent to the producing Baobab field ended with a recommendation to drill the Kossipo North compartment as a commercially viable drilling target, which was drilled just after the planned Baobab infill drilling is completed in the spring of 2019. The Kossipo Central fault compartment would also be a viable target for drilling and is the likely next exploration target in case of success in Kossipo North.