On 25 February 2020, Maurel & Prom SA announced that it has abandoned the NFW Kama 1 with oil shows in the Kari permit. The well was drilled to TD of 2,701 m MD in the Neocomian Kissenda formation. The operator encountered several levels between 1,865 m MD and 2,701 m MD containing oil shows of 35Â° API. The oil-saturated sandstones were of so poor quality that Maurel & Prom did not even test the well. In early February 2020, Maurel & Prom informed that the drilling in the NFW Kama 1 was approaching the targets. The company spudded Kama 1 in late December 2019, with a drilling barge in the swamp area of the southern part of the permit. The main objectives of Kama 1 were the early-rift sandstones of the Kissenda formation of Neocomian age. Maurel & Prom discovered the Kissenda play a decade ago further north in the Ezanga permit.  On 23 October 2019, Maurel & Prom announced in its Q3 2019 results that all preparatory works for the drilling of Kama 1 have been completed. As of early August 2019, Maurel & Prom completed half of the access channel from the Nyanga river to the drilling area. Early 2019, Maurel & Prom communicated its plans to begin exploratory drilling within its Nyanga Mayombe and Kari exploration permits in late 2019: two commitment wells were planned, one in each contract. The company identified several prospects from the 2D seismic lines acquired in 2012 and 2014 and an FTG program acquired in 2018 in the northern part of Nyanga Mayombe permit.  The Kari permit covers some 2,000 sq km primarily within the South Gabon Sub-basin (Gabon Coastal Basin). It adjoins Perencoâs producing Echira and Atora Centre areas and Assala Energyâs Producing Gamba-Ivinga-Totou areas to the west and the onshore Nyanga Mayombe permit (Maurel & Prom) to the south. The Kari permit contains the Moula sub-commercial gas field discovered by Shell in 1990.  Background Information  On 14 July 2004, Rockover Oil & Gas signed a Technical Evaluation Agreement (TEA) for the Kari block. According to the Gabonese legislation a TEA could be valid for 6-12 months.    On 27 December 2004, Maurel & Prom announced that it had signed an agreement to acquire the Rockover Oil and Gas Ltd, including its Gabonese assets estimated at 27 MMbo (P+P reserves), for US$ 72 million. Maurel & Prom will hold 100% interests in the following permits: Kari, M'Bindji, Nyanga-Mayombe and Ofoubou-Ankani.   On 4 October 2007, Maurel & Prom converted the TEA into a Production Sharing Contract (PSC).  During 2009, Maurel & Prom asked to add the relinquished part of Etekamba to Kari.  On 1 February 2017, Pertamina Internasional Eksplorasi dan Produksi (PIEP) settled an offer to acquire all of Maurel & Prom SAâs securities, hence Maurel & Prom Gabon. Maurel & Prom holds a 100% interest in the permit.
Kama 1 nfw. (Maurel & Prom 100%) in Kari block, swamp area, onshore South Gabon sub-basin, P&A, oil shows (35Â° API in poor-quality sst) at TMD=2701m (Kissenda Fm).