Africa Oil and its partners have announced that 2D seismic acquisition of a 400 to 800 kilometer land and lake survey earlier planned for Q4 2014 will begin at the end of January at the Rift Basin Area Block in Ethiopia.
The frontier area that has no previous seismic data or wells saw the completion of a 36,500 Full Tensor Gradiometry FTG survey in 2013 that identified source rock outcrops. Oil slicks on the lakes have been identified in the block.
This is part of the planned work program by the block operator Africa Oil which is expected to range between 400 and 1200 kilometer for the initial exploration period which expires in February 2016.
The Rift Basin Area covers 42,519 square kilometers and is on trend and extending to the northeast of the highly prospective blocks in the Tertiary rift valley including the South Omo Block, and Kenyan Blocks 10BA, 10BB, 13T, and 12A.
Africa Oil is Operator and owns 50% in the Ethiopia Rift Basin Area Block with Marathon Oil Ethiopia Limited B.V., holding the remaining 50%.