Offshore Gabon
- 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
- Water depth: 50-85 feet
- Reservoir target: 2,500-3,000 feet
- Drilled discovery in 2001
- 3 wells tested 2,000+ BOPD from Lower Gamba
- Seeking improved fiscal terms
- Accepting bids for early production system