Senegal/Guinea Bissau: Woodside farms into Impact block

Australia’s Woodside Energy has agreed with Impact Oil and Gas to take 65% in the AGC Profond Block in the joint development area between Senegal and Guinea-Bissau. Woodside will take over as operator. Impact will retain 20% and the Entreprise AGC, jointly owned by Senegal and Guinea Bissau, will have 15%. The offshore AGC Profond production-sharing contract (PSC) covers 6,700km² in water depths ranging from 1,400 to 3,700 metres, located west of the Dome Flore and Dome Gea oil accumulations and to the south of Cairn Energy’s recent Fan-1 and SNE-1 and 2 oil discoveries. Impact was awarded the licence in October 2014, and acquired legacy 2D and 3D seismic data.