You are here

Swala wraps up Tanzania onshore seismic shoot over the Kilombero Basin

06th January 2015

Swala Energy has successfully completed its 430 kilometre 2D seismic programme over the Kilombero Basin in central Tanzania

Swala Energy has successfully completed its 430 kilometre 2D seismic programme over the Kilombero Basin in central Tanzania
The company has already identified the Kito Prospect, with estimated 60.4mmbbls of P50 Best Estimate Prospective Resources net to Swala, as a potential drilling target for 2015

“This is a major achievement by Swala as we have now fully met our work programme commitments for the past three years on the Kilosa-Kilombero PSA exploration area,” said David Mestres Ridge, Swala’s CEO. “When we were granted the licence, no hydrocarbon exploration activity had ever before been carried out over the area.”

As the company announced on the 29 October 2014, the seismic programme identified a series of structural leads on the western margin of the basin.

The geometry of this ‘string of pearls’ is strongly analogous to that seen elsewhere in the East African Rift System, notably in the Lokichar Basin of Northern Kenya where a series of oil discoveries have already been made.

“We have broken new ground, proving three sedimentary basins and in the Kilombero basin, multiple structural leads and prospects in a young (Neogene) basin. We are now looking forward to the results of detailed mapping, basin modelling and seismic amplitude anomalies before targeting our drill candidate.”

The company has already identified the Kito Prospect, with estimated 60.4mmbbls of P50 Best Estimate Prospective Resources net to Swala, as a potential drilling target for 2015. The new seismic data are currently being processed ahead of detailed interpretation that aims to map additional potential drilling targets for a concerted drilling campaign. The company will carry out basin modelling and seismic amplitude studies to help rank the prospect portfolio ahead of these planned drilling activities.

Swala Tanzania has a 50 per cent net interest in this licence and is the operator.

Got a news tip? Email news@oilandgastechnology.net