Sintana Energy has a portfolio of onshore and offshore projects with significant resource potential. The company holds non-operating and predominately carried interests in 4 offshore and 1 onshore license in Namibia. In Colombia, a pilot program to evaluate the unconventional resource potential at VMM-37 is being planned by ExxonMobil.
The Middle Magdalena Basin is located in north-central Colombia between the Central and Eastern Ranges of the Andes covering an area of 34,000 square kilometres (13,000 sq mi). The basin is an important producer of oil in Colombia producing from reservoirs in the Colorado, Mugrosa, Esmeraldas and La Paz formations. Secondary reservoirs include the Lisama and La Luna formations.
The emerging Unconventional Shale Play in the Magdalena Basin has the potential to produce a multi billion barrel discovery. Colombia held a bid round and awarded two Pilot Project contracts both to the group formed by ExxonMobil and Ecopetrol. One of the Pilot wells, the Platero-1, will be located on the Sintana/ExxonMobil Block VMM-37. Sintana is not a participant in the Platero Pilot Project contract which is designed to be a short term data gathering contract.
Provides unique and strategic exposure to both offshore and onshore projects in Namibia, the next world class hydrocarbon province. Two of the blocks are directly adjacent to Venus-1 (Total) and Graff-2 (Shell), one block directly adjacent to the Kudu Gas field, Namibia’s first offshore gas discovery being developed by BW Energy. The Onshore licence is located 40 miles from block being developed by ReconAfrica - initial technical work supports extension into our block.
PEL 90 is adjacent to the recent Venus-1 Superfan oil discovery. PEL 83 is adjacent to the recent Graff-1 oil discovery and directly offsets the massive Kudu Gas Field. PEL 87 contains one of the largest sub-sea fan complexes identified in Africa – “Saturn Superfan”.