Australia’s WHL Energy has identified 27 leads and prospects on its acreage off the Republic of Seychelles following the analysis of new 2D data.
WHL said the areas identified from the recently acquired 2D seismic and were estimated to contain a total mean prospective and best estimate oil resource of 5.5 billion barrels.
The largest structure mapped from the 7966 kilometre shoot was the Beau Vallon feature which WHL assessed to hold a mean estimate of about 1 billion barrels of prospective resource, with an upside potential of up to 2 billion barrels.
“To have confirmed, with good quality seismic, leads and prospects of this magnitude within our portfolio is a great achievement for WHL Energy’s technical team,” managing director Steve Noske said.
“Furthermore the identification of numerous play types within three separate fairways provides management with great confidence as it progresses farm-out discussions.”
WHL has formally commenced farm-out negotiations for its offshore Seychelles assets with the opening of a data room at its offices in Perth, Western Australia, and hopes to formalise farm-out agreements by the end of the year, with the aim of potentially beginning a drilling programme next year.
WHL added it had enlisted Netherland Sewell & Associates Incorporated to carry out an independent review of the prospective resources in its Seychelles acreage which was currently ongoing.