Discovery of hydrocarbons in Block S

The Ministry of Mines, Industry and Energy announced in a press release that the S-3 exploration well, drilled in Block S by CNOOC, has found hydrocarbons in the Cretaceous Santonian. The operator decided to undertake a process of evaluation of the results to determine their marketability, and thereafter submit the relevant development plan.

The S-3 well was drilled between the months of October and November 2014 to a total depth of 3768 meters, where the water layer is 905 meters. It is located approximately 2 km south of the G-13-1 well, which is an oil discovery drilled in 2001 by Triton, and is about 2 km west of the G-13-2 well of oil discovery, also drilled by Triton in 2003.

Block S is located offshore of Rio Muni, just west of the Okume Complex and around the Ceiba Field, both operated by Hess.

Block S was awarded to CNOOC in 2006 and the S-3 is the fourth exploration well drilled by the company on the block, whose operator is CNOOC, with a 50% interest; while the national company GEPetrol has a 25% interest and the remaining 25% belongs to SK.

To date, CNOOC is the first Chinese company that made a discovery of hydrocarbons in Equatorial Guinea, this also being one of its first discoveries as operator in the subregion.

Source: Ministry of Mines, Industry and Energy
Equatorial Guinea’s Press and Information Office

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