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Block 13 - Leased blocks in the Liberia Basin

 PSTM-PSDM Spec Sheet

Location

Off the coast of Margibi & Grand Bassa

Block Status

Block is still in its first exploration period. No wells drilled

Block Contractor(s)

ExxonMobil 80%

COPL 20%

Initial contract
Signed 2006
Amended 2006
Ratified by Legislature 2013

Production Sharing Contract : Based on Production levels

Production Rate NOCAL CONTRACTOR
0 to 100, 000 bpd 40% 60%
100,001 to 150,000 bpd 50% 50%
>150, 000 bpd 60% 40%

In case of Natural Gas :

NOCAL CONTRACTOR
35% 65%

Production Sharing Contract (PSC)



Past and Present Exploration Activities

Chevron drilled in 1970 the IIB-1 well in shallow water with immature Oil show. Mixed oil & gas prone source rock and Oil show below -683 to -1000m and below the -2500m within the Early-Middle Albian. Oil show below -2700m in the Albian.Total Depth (TD) at -2930m.

Liberian Shelf Exploratory drilling prior to 1985 :

  • Company : Chevron
  • Well Name : IIB-1
  • Surface Coordinates :
    • X : 319292.35804
    • Y : 647684.35327
  • Total Depth : 2930.35000m
  • Water Depth : 2930m
  • Result : DRY HOLE

Operator :

ExxonMobil