Cheiron Awarded the New North Zaafarana Concession

Cheiron is pleased to announce it has been awarded the new North Zaafarana Concession. The Concession has been effective from 17 January 2018 and is valid for a total period of 15 years. Cheiron has an 80% working interest, with Sahara O&G holding the remaining 20%.

The Concession covers an area of 347 square kilometers and is located 6.5 km from the coast in 57 m of water depth. The field is currently producing over 3,000 bopd (gross) and holds proven plus probable oil reserves of 30 mmbbls as at end-2018.