Elenilto operates an offshore block in Senegal which covers an area of about 8,000 km2. An oil resource assessment, based on reprocessed 2D seismic and wells, suggests potential exceeding 1.5 billion barrels of oil (STOIIP). About half of the resource is in first priority leads associated with shallow-water (12-26 m) salt domes and deeper-water (1,000-1,500 m) shelf edge traps.
An Independent Expert Report by BeicipFranlab (2014) over geology, geophysics, reservoir potential, conceptual development options and cost estimates generated a preliminary commercial assessment. Scoping economics along a conceptual development of one of the major salt dome leads is robust with significant upside in the case of success for a major development project including subsequent discoveries.