East Africa: Bold moves for South Atlantic Petroleum

Nigerian-based South Atlantic Petroleum (SAPetro) has boldly placed its bid alongside the majors to be the first to discover oil offshore East Africa, from its assets offshore Madagascar and the French territory of Juan de Nova, acquired from Roc Oil in 2011. SAPetro is acquiring a large, 9,000km2 3D seismic survey in four areas to examine prospects identified by earlier 2D seismic. The PGS Ramform Sterling vessel is carrying out the survey, which is expected to complete early next year.