For privately held client, evaluated nine deep water blocks on offer through competitive bidding by the Joint Development Authority, created by international treaty between Nigeria and Sao Tome/Principe.
Scope of work included:
- Seismic interpretation of 2,500 km of regional 2D seismic data
- Detailed prospect mapping
- Evaluation of Direct Hydrocarbon Indicators
- Reserve estimation of recoverable oil reserves.
- Bidding requirements included submission of exploratory and development drilling plan with work program defined through full field development and installation of FPSO and treatment facilities.
- Additionally, complete HSE and local social development programs were outlined and submitted with the technical and economic bid packages.
Beachhead Advisors completed the full scope of work within a 45 day timeframe. Client submitted bids on two blocks and received notice of technical qualification and winning bid status on one block.