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Oilreviewafrica.com is a well known web based platform, which shared important news from the oil fields of Africa. The important news of Elenilto’s take over for the offshore operation in Senegal has been highlighted by the virtual news studio.

Elenilto is one of the largest companies, engaged in oil and minerals development. This company is based in UK. The popular company from oil industry is declared to be the operator of Senegal offshore Sud Shallow oil block. Senegalese government has recently confirmed the name of this company. National oil company from Senegal, Petroson is designated to hold a nominal stake in the project.

As per a spokesperson of Elenilto, the company is expected to invest almost tens of millions of US dollar in the exploration activity, of the project. The company has already selected two suitable areas, where the immediate exploration activity would take place. The company is also expected to trigger their 3D seismic analysis. The amount that has been revealed by the company as their investment for exploration would also include the costs of 3D seismic coverage. This amount would also cover the expenditure of drilling wells in the shallow water blocks. The areas, located by the company are drafted as the first priority of the company for immediate action.

The actual block decided by the company is of 7920 SQ KM. This is located in the Casamance off shore. The company has also unveiled their initial estimation on the basis of 2D seismic coverage. It is a reprocessed process, which would need 500 to 800 barrels of oil at the first go. This company is also expected to cater to the other in-depth possibilities as well. This is supposed to be one of the most important news of the time, in the industry.

This news on the mineral and oil development industry has satisfied many of the readers. Rose has recently gone through the article on Elenilto. She states, “It indeed is great news. Elenilto is a wonderful organization to shoulder this responsibility. This company would definitely complete this job with flying colors. I am hoping for the company to come up with a huge amount of success, from this project. I feel the intervention of this company would definitely have a bigger impact on the functionality of the overall industry. I would definitely like to follow other news on the same topic as well.

About:
Elenilto has taken over for the offshore operation in Senegal. This is a famous oil and mineral development company.
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