When writing the article on this year’s Top Oil Wildcats, one of the hottest candidates had to be dropped out of the list. Not because the prospect turned out to be sub-commercial, far from it, it remains one of Africa’s most interesting untapped plays, potentially opening up a new country with no previous exposure to the world of energy. As Senegal and Mauritania started to break their way onto the energy maps of Western Africa, Guinea Bissau has remained a relative outlier. At the same time it needs to be pointed out that lack of officially recognized discoveries does not necessarily mean lack of hydrocarbons, as can be attested by the Atum prospect. Atum remains one of the hottest plays in offshore Africa, an overlooked gem that would only need a little bit of political stability to shine.
Recent big discoveries in Senegal’s offshore, such as FAN-1 and SNE (the latter being the largest oil discovery globally in 2014), shortly thereafter followed by new plays in Mauritania’s offshore such as Orca, have unearthed an untapped frontier area that is rich in both oil and gas.
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Source: Oil Price