The survey has been designed to support amplitude variations with offset (AVO) studies all the way down to the deepest objectives (Cretaceous/Jurassic Channel/Fan) and will take approximately two months to acquire and another two to three months to process, interpret and analyze.
The initial AVO work performed on existing 2D seismic data has been encouraging in identifying positive indications and now drives the 3D survey; the results of which will help the company re-assess volumes and improve chances of success (CoS) not only for the Alpha prospect but for all prospects mapped within, and immediately adjacent to, the survey area.
Dominion has also released the competent persons report (CPR) prepared by Energy Resource Consultants (ERC) on the first prospect, Alpha, in Block 7.
The report confirms a mean prospective resource of 1.1bbbl as the oil case and 7tcf as the gas case, and ERC have risked the prospect with a 12% CoS overall (individually, the various objectives within Alpha are estimated to have a CoS of between 9% and15%).
Dominion CEO Andrew Cochran said that Deepwater East Africa is seeing greatly increased attention and activity from the oil and gas sector and Block 7 is squarely in the middle of that focus.
"The CPR on Alpha independently confirms Block 7’s highly prospective geology and we are very excited about progressing our work on all prospects and leads so far identified in the block," Cochran said.
