As of June 2018, Pura Vida Energy NL (Pura Vida) is still understood to be looking to farm out a stake in its Nkembe offshore block in North Gabon Sub-basin (Gabon Coastal Basin) however, was in dispute with the Director General of Hydrocarbons (DGH) (see article: Pura Vida Energy NL in dispute with Director General of Hydrocarbons (DGH) over its Nkembe offshore block).  Pura Vida Energy NL is looking actively to farmout its 80% stake in its Nkembe offshore block in North Gabon Sub-basin (Gabon Coastal Basin). The Nkembe Permit has prospects defined by 3D seismic in the Pre, Sub and Post Salt fairways. The interests in the Nkembe PSC are shared between Pura Vida, operator with 80%, and the State of Gabon 20% (carried).    Pura Vidaâs first phase work program comprises acquiring 550 sq km of Multi Azimuth 3D seismic data and the drilling of one well to 2,000 m, which is required to be completed by 2017.Â   The block contains the Mouveni West prospect that has a mean recoverable resource of 639 MMbo in a 50 square kilometre trap defined by 3D seismic data. The reservoirs are Cretaceous Gamba shoreface and Dentale deltaic sands. A further prospect in the Pre-Salt fairway offers follow up potential being Palomite Deep with mean recoverable resource of 225 MMbo. The Sub Salt prospects are combined structural/stratigraphic traps. The reservoirs are Senonian/Cenomenian turbidites. The Lepidote Deep prospect is defined on existing 3D seismic data as a compressional anticline with approximately 400 m of relief and an area of 35 square kilometres and has a mean resource of 131 MMbo. The reservoirs are Upper Cretaceous Anguille turbidites.    Pura Vida signed a Production Sharing Contract (PSC) for the Nkembe block on 11 January 2013. The block covers 1,210 sq km in the North Gabon Sub-basin (Gabon Coastal Basin) in 50 to 500 m of water. The contract is subject to approval by Presidential Decree. The exploration period will have a duration of seven years and will include an initial period of four years. The work programme for the first term will involve a 550 sq km Multi Azimuth (MAZ) 3D seismic survey and an exploration well to a minimum depth of 2,000 m subsea. The first renewal phase would call for the acquisition of a further 550 sq km of MAZ 3D seismic data and two exploration wells to a minimum depth of 3,000 m subsea. The signature bonus was USD 9 million.    For more information please contact:    Charle Tâchen in Libreville:    Tel: +214 01745282    Tchen.ch@iipconsulting.com    Or  Email: Andy Morrison in Australia:  Tel: +61892262011  Email: amorrison@puravidaenergy.com.au
Pura Vida Energy NL (Pura Vida) is still understood to be looking to farm out a stake in its Nkembe offshore block in North Gabon Sub-basin (Gabon Coastal Basin) however, was in dispute with the Director General of Hydrocarbons (DGH) (see article: Pura Vida Energy NL in dispute with Director General of Hydrocarbons (DGH) over its Nkembe offshore block). Pura Vida Energy NL is looking actively to farmout its 80% stake in its Nkembe offshore block in North Gabon Sub-basin (Gabon Coastal Basin). 