Oil & Gas Exploration and Development
The contract area is located in the Ogaden Basin, the largest basin with oil and gas reserve in Ethiopia. The Ogaden Basin has a total area of around 350,000 km², and the maximum sediment thickness over 10,000 meters. Oil and gas are mainly accumulated in Permian and Triassic sandstone reservoir, as well as Jurassic Carbonate reservoir.Testing results show that natural gas and condensate oil are main products while there is also crude oil in some reservoirs. Products are sulfur free.
The contract area includes 2 development blocks and 8 exploration blocks, with a total area of about 120,000 km².It is estimated that the geological resources of natural gas is around 5 trillion cubic meter and crude oil,above 400 million tons.