2nd October 2020
Supernova Energy was awarded the Côr Côr exploration licence (Block 7C) offshore Guinea-Bissau.
Supernova (90 %) and Petroguin, the State Oil company (10%), have been awarded a new exploration licence in the 7000 km2 block 7C in Guinea-Bissau, adjacent to Block 7B, where the two companies already have an exploration licence (see below). Multiple significant Mid/ Upper Cretaceous leads have already been identified from existing 2D coverage. The licence has a two-year Stage 1 with a 1000 km 2D infill seismic work commitment.
Supernova granted a two-year extension to the Garoupa licence, Block 7B in Guinea-Bissau
Supernova (90%) and Petroguin (10%) have been granted a two-year extension to Stage 2 of the Garoupa lIcence in the 8,000 km2 block 7B in Guinea-Bissau. The 3D seismic work commitment of this stage has been fulfilled. From the 2300 km2 3D seismic multiple significant Mid/Upper Cretaceous prospects have been worked up and analysed in depth. Some of these leads exhibit a pronounced AVO-response and their (unrisked) size is in the multi-billion barrel range.
Block 7B and 7C lie adjacent to each other in the highly prospective deepwater Guinea Plateau Basin, in the southern MSGBC Basin. The basin is conjugate to the prolific Demerara High in Guyana/Surinam, where ExxonMobil, Hess, CNOOC, Apache and Total have discovered over 7 billion bbl recoverable oil to date. The same source rock system (Canje equivalent) is expected to apply to both conjugate basins.