Brenham Oil & Gas said it has received a letter of award for a 15% participating interest in four offshore exploration blocks in Equatorial Guinea from the nation’s government.
The company highlighted the area last year during its ongoing review of seismic and well data in Sub-Saharan Africa.
Go deeper with GlobalData
Brenham Oil & Gas vice president Scott Gaille said his firm was looking forward to the project.
"The next step will be for the consortium of winning companies to finalise the commercial terms with the government in a production sharing contract," said Gaille.
The four blocks lay between and along the geologic trend, with a large producing oil and gas field complex capable of a peak production of more than 80,000 barrels of oil a day and an undeveloped oil discovery.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
