And just in case it has been forgotten, HDR have a significant % in all the mentioned!
In the Southern Mauritania/Senegal region, Dana increased its stake in Block 1 and also reached agreement to add new interests in Block 2 to the north and the Senegalese St. Louis Block to the south, where new 2D seismic data has recently been acquired. These strategic steps have been taken ahead of drilling the first well in Block 1 so that Dana can gain maximum benefit from any drilling success. The first well in Block 1, to be drilled in the second half of 2005, will target either the Faucon or Petrel prospects, each of which has the potential to contain over one billion barrels of oil in place. The final choice of drilling target will be made around mid 2005 once the results of an ongoing seabed electromagnetic survey have been fully integrated with 3D seismic data.
Offshore Northern Mauritania, large 3D seismic surveys have been acquired in Block 8 and Block 7 with the objective of providing the best possible data set ahead of selecting final well locations for drilling in 2006. In Block 7, the next well will be pursuing oil and gas believed to lie up-dip and inshore of the Pelican discovery made at the end of 2003, which is now calculated to contain up to one and a half trillion cubic feet of gas.
HDR Price at posting:
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