Ownership: Otto Energy 50%, Swala Energy 25%, Tata Petrodyne 25%
Location: Onshore East Africa
Area: 17,675 km2
The southern Kilombero basin is believed to be predominantly Neogene in age and exhibited anomalous stressed vegetation identified as being potentially caused by hydrocarbon seeps.
During the second year of the contract the joint venture acquired 3,000km 2D seismic over the Kilosa-Kilombero basin, with results indicating large scale structures and sediments similar to the oil basins of Lokichar (Kenya) and Lake Albert (Uganda) where Africa Oil and Tullow Oil have had significant success.
The results of this seismic program identified the Kito prospect, which yielded a prospective resource of between 19.2million barrels and 169.6 million barrels net to Otto, with a best estimate of 60.4 million barrels.