Surestream has an 85% WI in the Ndunda Block which covers an area of approximately 932 square kilometers. The remaining 15% WI is held by CoHydro, the National Oil Company and a local Congolese company. Surestream plans to start a 2D seismic campaign in 2008 and to drill two exploration wells in 2009.
This Block appears to be on trend with the M'Boundi field (Republic of Congo), which is the largest onshore field, discovered in recent years in West Africa. ECL estimated over 1 billion barrels of Oil in Place for the Ndunda Block.
The Ndunda Block is located in the narrow coastal strip of the Congo River estuary, sandwiched between mainland Angola to the south and the enclave of Cabinda to the north. Geologically, the province lies within the Congo Basin - a sizeable sedimentary basin that contains all the oil fields of Congo-Brazzaville, Cabinda, DRC and northwestern mainland Angola. Perenco produces over 10,000 bopd in the adjacent onshore block.
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