However, more importantly, the company is also eyeing a deep-water project in OPL 245 to exploit its Zabazaba and Etan discoveries, which are believed to hold about 550 million barrels of oil equivalent resources between them.

Tentative plans call for a floating production, storage and offloading vessel able to handle 120,000 barrels per day of crude, plus a 30-well subsea production system installed in water depths of between 1700 and 2000 metres.

Roberto