The SC 6A includes the Octon discovery in the south [referred to as Octon Block] and the Malajon Block in the north.
The SC 6A area is the subject of a farm-in offer by Vitol which is currently under review by the consortium partners. Vitol offers to conduct an engineering feasibility of developing Octon as a satellite of the Galoc Field.
Equally promising is the Malajon Block where large untested seismic anomalies were identified to be correlative to the Galoc Sandstones in Malajon 1, Saddle Rock 1 and Esperanza 1, which recorded significant oil shows.
Seismic re-mapping of the Malajon Block identified sizeable structural closures involving the Galoc sand at various levels notably, the Barselisa, Malajon and West Malajon anomalies.
PetroEnergy has 16.67% interest in the SC 6A contract area.
