As of February 2020, CNOOC is farming out the AGC Profond block, deep waters of the MSGBC Basin. The company offers a negotiable equity portion for farm-in. The block is located along the Cretaceous shelf edge with prospectivity in carbonate and clastic reservoirs. Six prospects have been high-graded for possible drilling. Among these are Wolverine and Civet. Wolverine is a prospect in Barremian carbonates in the northern part of the block. It has a mean in-place resource estimate around 1,500 MMboe. Civet is a salt-related anticline with Albian clastic reservoirs in the southern part of the block. It has a mean in-place resource estimate around 1,000 MMboe.  A data room is available. For further information contact Louis Nicolas Amedee Manesme. Phone: +44 1895 555 107.  As of March 2018, CNOOC was planning to drill an exploration well in the AGC Profond block. The well was to be drilled in 2019 but drilling operations are delayed until the AGC treaty between Guinea-Bissau and Senegal is renewed. The renewal is expected to happen in 2020.  CNOOC farmed into AGC Profond in March 2017 and took operatorship from Impact Oil and Gas. The block was awarded to Impact Oil and Gas in October 2014. The acreage covers approximately 6,700 sq km in water depths from 1,400 m to 3,700 m.   The AGC Profond block was previously operated by Ophir with FAR and AGC as partners. Ophir plugged and abandoned the new-field wildcat Kora 1 well as dry in 2011. The well encountered mainly Albian, Coniacian and Barremian claystone and thinly-bedded limestones sequence instead of the targeted sandstone reservoir facies. The well was drilled in 2,651 m of water and reached a TD of 4,447 m.
CNOOC is farming out the AGC Profond block, deep waters of the MSGBC Basin. The company offers a negotiable equity portion for farm-in. The block is located along the Cretaceous shelf edge with prospectivity in carbonate and clastic reservoirs.