Offshore Gabon Pre-Salt Play
- 315,000 acres
- Pioneer operated, 100% WI
- Prolific sub-salt play est. in 1960’s
- On trend with giant Gamba and Rabi Kounga oil fields
- Oil rims with overlying gas caps
- Drilled discovery in 2001
- Extended oil accumulation in 2002 with 2 wells to date
- Discovery well discovered 75 feet of oil column with excellent porosity and tested at 2,100 BOPD
- Fourth well confirmed oil rim 5km north-northeast
- Using new 3-D seismic survey
- Water depth: 50-85 feet
- Reservoir target: 2,500-3,000 feet
- 100-500 MMBOE potential
Awena Marin #1 Extended Oil Accumulation