seismic campaign<\/a>.<\/p>\n“Oyster is delighted to proceed to the third exploration phase in Djibouti, and is grateful to the both the Energy Ministry and CERD for their continued support. We are targeting a Mesozoic basin which is seen in outcrop in the southwest of the country, since the Mesozoic basins on the south side of the Gulf of Aden were once contiguous with the prolific hydrocarbon basins in Yemen to the north, prior to the opening of the Gulf of Aden,\u201d commented Oyster Oil Head of Exploration Dr Phil Roach.<\/p>\n
Oyster\u2019s work programmes over the last 5 years have been thoughtfully designed to de-risk the various elements involved and have been extremely successful to that end. Geological fieldwork in southwest Djibouti has already confirmed the presence of Jurassic oil source, reservoir and seal.<\/p>\n
The areal extent of the Mesozoic basin in Block 1 remained a major uncertainty, but the results from the airborne survey surpassed expectations and indicates that the basin does extend throughout most of Block 1.<\/p>\n
\u201cThe airborne survey has also allowed us to high-grade a specific area for seismic acquisition in the near future,” Dr Phill adds.<\/p>\n
Oyster signed a production sharing contract (PSC) in September 2011 with the government of the Republic of Djibouti with an effective date following the decree of 1st March 2012. The PSC was awarded for four blocks covering an area of 14,100 km\u00b2 (3.5 million acres).<\/p>\n
Oysters blocks are located w-ithin two successful hydrocarbon rift plays, namely located in the northern extension of the East Africa Rift System.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oyster Oil and Gas Ltd. has announced that effective 1st March 2017 it has received Government of Djibouti approval to commence exploration activities under Phase III of the Production Sharing … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3397,11],"tags":[5900,253,282,5901,607,682,3531,1949,2272,2752],"class_list":["post-5727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pscs","category-top-news","tag-airborne-gravity-and-magnetics-survey","tag-block-1","tag-block-4","tag-bridgeporth","tag-djibouti","tag-east-africa-rift-system","tag-gulf-of-aden","tag-oyster-oil-and-gas","tag-seismic","tag-yemen","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Djibouti.png?fit=224%2C225&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1un","jetpack-related-posts":[{"id":4216,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-oil-commences-3350-line-kilometers-of-airborne-survey-in-djibouti\/","url_meta":{"origin":5727,"position":0},"title":"Oyster Oil Commences 3350 line kilometers of Airborne Survey in Djibouti","author":"","date":"January 5, 2016","format":false,"excerpt":"Oyster Oil and Gas Ltd has commenced an airborne survey in the Republic of Djibouti which is being conducted by Bridgeporth Holdings Ltd, a UK based specialist geophysical contractor. The survey consists of a high density gravity and magnetics airborne survey over some 3,350 line kilometres onshore and offshore in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"djibouti oyster oil","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?resize=700%2C400 2x"},"classes":[]},{"id":959,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-oil-and-gas-to-start-drilling-in-djibouti-and-mozambique-in-2015\/","url_meta":{"origin":5727,"position":1},"title":"Oyster oil and gas to start drilling in Djibouti and Madagascar in 2015","author":"Samuel Kamau Mbote","date":"April 30, 2014","format":false,"excerpt":"\u00a0 Oyster oil and gas will begin drilling in Djibouti and Madagascar in 2015 the first wells by the company since its formation in 2010. The company that has four blocks in Djibouti measuring 14,400 square kilometers following the PSA signing in September 2011 says it is on the second\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1515,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-to-commence-drilling-madagascars-block-1101\/","url_meta":{"origin":5727,"position":2},"title":"Afren to commence drilling Madagascar’s block 1101","author":"Samuel Kamau Mbote","date":"July 30, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Oyster Oil and Gas has announced it has been advised by the Operator of Block 1101, onshore Madagascar, Afren PLC that a contract for a multi-well drilling program has been awarded to UK based ALS Oil & Gas Group. The drilling contract will include the twinning of a\u2026","rel":"","context":"In "Elsewhere in Africa"","block_context":{"text":"Elsewhere in Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/elsewhere-in-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/madagascar-block-1101.jpg?fit=424%2C437&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5946,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-oil-and-gas-closes-first-tranche-of-financing-for-djibouti-madagascar-operations\/","url_meta":{"origin":5727,"position":3},"title":"Oyster Oil and Gas Closes First Tranche of Financing for Djibouti, Madagascar Operations","author":"","date":"May 15, 2017","format":false,"excerpt":"Oyster Oil and Gas Ltd has announced that it has closed the first tranche of its previously announced non-brokered $850,000 on private placement financing. The Company currently expects to close a second and final tranche of the Financing for gross proceeds of approximately $450,000 on or before June 5, 2017\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/Oyster-Oil-and-Gas.png?fit=481%2C208&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6047,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oyster-increases-size-previously-announced-private-placement-1-1-million\/","url_meta":{"origin":5727,"position":4},"title":"Oyster Increases Size of Previously Announced Private Placement To $1.1 Million","author":"","date":"June 9, 2017","format":false,"excerpt":"Oyster Oil and Gas Ltd \u00a0has announced that due to strong demand the Company has increased the size of its previously announced non-brokered private placement of units from aggregate gross proceeds of up to CDN$450,000 (approx. $USD333000) to up to CDN$1,500,000 (approx. $USD1110165). Oyster Oil and Gas Ltd had earlier\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/05\/Oyster-Oil-and-Gas.png?fit=481%2C208&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":954,"url":"https:\/\/www.oilnewskenya.com\/index.php\/eastern-africa-oilgas-lngenergy-conference-starts-in-nairobi\/","url_meta":{"origin":5727,"position":5},"title":"Eastern Africa Oil,Gas\/ LNG& Energy Conference starts in Nairobi","author":"Samuel Kamau Mbote","date":"April 29, 2014","format":false,"excerpt":"The conference and summit brings together stakeholders in the oil and gas industry including government, African National Oil companies, Licensing agencies, foreign state national players and the supporting service industry. The conference will in the first day address a host of issues including: acreage, assets and licensing in Eastern Africa,\u2026","rel":"","context":"In "Events"","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/al-doura_oil_refinery_iraq.jpg?fit=1200%2C802&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5727"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5727\/revisions"}],"predecessor-version":[{"id":5728,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5727\/revisions\/5728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/4218"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"djibouti](\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/djibouti-oyster-oil.jpg?ssl=1\")
<\/a>Over the past 5 years Oyster has undertaken extensive exploration activities across its four exploration blocks in Djibouti, however the main exploration focus in the last year has been in Block 1 located in the south east of the country. The Block is substantially onshore, but also includes the adjacent offshore acreage and covers an area of 3,400 Km\u00b2.<\/p>\n