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In February 2014, CAP Energy Plc through its wholly owned subsidiary Sencap Limited acquired a 49% stake in TAOL Djiffere Limited (a subsidiary of Trace Atlantic Oil Limited), the company holding a 90% interest in the Djiffere Offshore Licence. TAOL Djiffere holds a 45.9% interest in the Djiffere Offshore Licence and is the operating partner. Petrosen, the national oil company, has a 10% carry during the first exploration period.
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Location: Block Djiffere licence area covers 4,459 square kilometres in shallow waters offshore Senegal and is adjacent to the Sangomar Offshore block operated by Cairn Energy.

Operational Phase: Exploration

Activity to Date: 

• Total of 6 2D seismic surveys conducted between 1963 and 1985: -  BP (1963 and 1965)  -  Esso (1969 and 1971)  -  Ocelot Senegal (1982 and 1985). 

• New full fold 2D survey (3,750 km) acquired in 2014 by Dolphin Geophysical AS – processing and interpretation completed.

• 3D survey (380 km2) acquired in 2015 – processing and interpretation completed.

Next steps: Drilling of 1 exploration well.

Operator: Trace Atlantic Oil Djiffere Limited

Project Partners: Trace Atlantic Oil Djiffere Limited (90%) [Trace Atlantic Oil Limited (45.9%); Sencap Limited (44.1%)]; Petrosen (10%)
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Incorporated in England & Wales
Company no. 5351398
Cap Energy is a public limited company under the Companies Act 2006.