ARKeX Commence FTG Survey in Niger Desert

ARKeX, the geophysical services provider, have commenced an airborne Full Tensor Gravity Gradiometry (FTG) survey for Savannah Petroleum, the Niger focused oil & gas company, over its R1/R2 license.

The survey covers the blocks in the Agadem rift basin of South East Niger. During 2009-13 CNPC made an estimated 77 discoveries from 99 exploration wells in adjacent blocks in Agadem, unlocking 832mb of 2P reserves. It is believed that the geology of  R 1/R 2 area to be similar with an estimated 573mb (un-risked 819mb) of gross prospective resources in the primary Eocene horizon.

ARKeX’s airborne FTG survey will help to image the basin architecture and intra-sedimentary faulting. The data will also be integrated with existing 2D & 3D seismic to provide a clearer picture to the subsurface geology.

Andrew Knott, CEO of Savannah Petroleum, commented, “The commencement of the FTG survey is another important step for Savannah as we look to unlock the significant potential of the R1/R2 Permit. The results of the survey will be integrated into our existing Agadem basin subsurface model alongside the large 2D and 3D seismic data sets Savannah is currently interpreting.

“We remain on track to complete our leads and prospects inventory in Q1 2015 and to commence our high impact exploration drilling program in mid-2015. We remain confident in the outlook for Savannah and the attractiveness of the Agadem basin as a proven, highly prospective and low-cost oil province.”

Jim White, President of ARKeX, said, “ARKeX and FTG have a successful track record in assisting the exploration of African Rift Systems and we are delighted to be bringing our acquisition, processing and interpretation expertise to Savannah Petroleum in Niger. We believe the resulting high resolution broad band gravity data ARKeX will produce should have a significant positive impact on future exploration activity in the basin and are very pleased to have been awarded the Savannah Petroleum survey”.