Elenilto is most leading developers of oil, gas as well as minerals in Africa and it is developing the offshore and onshore oil blocks, iron ore, coal, tantalum and other different minerals for large scale of projects in eight countries in Africa & Europe, in scope of the billions of the US dollars. There is no doubt that ELENILTO is leading African oil as well as minerals developers, that has been perfectly awarded decree by President of Senegal because of PSC which is Production Sharing Contract and it has lately executed with Government of the Senegal & Petrosen, national oil company, to develop potential Senegal Offshore. ELENILTO would be operator of block & Petrosen should have the minority participation which is in interest of the project.
The block is about 7,920 sq km as well as it is situated in the Southern Senegal Casamance of offshore basin that is covered by the 2D seismic. However, Oil Resources of volumetric assessment is based on the reprocessed with 2D seismic with coverage also indicates the potential of about 500-800 million of barrels of the oil in initial priority leads. Few deeper and intense possibilities are actually likely as well as will be explored through Elenilto. Certainly, Elenilto has also selected 2 areas of interest at initial most priority for the immediate and further exploration so it should also start 3D seismic survey quite shortly.