Valeura holds an operated 70% working interest in Licence G1/48 containing the Manora oil field, which produces approximately 3,200 bbls/d of medium-weight sweet crude oil from reservoirs of Miocene age. The field contains 1.8 million bbls of 2P oil reserves on a net working interest basis.*
The field was developed by 22 wells drilled from a single fixed wellhead and processing platform tied to a leased Floating Storage and Offloading vessel. Manora’s crude oil is typically sold into the local market at prices approximately on par with the Brent crude oil benchmark.
The remaining 30% interest in the licence is held by Tap Oil.