Company officials said in the 16-page presentation they "Expect to drill five to seven exploration wells from 2005 to 2007 in five blocks with 1 – 2 billion barrels of gross unrisked reserve potential" in the JDZ and Equatorial Guinea.
Pioneer and ERHC are partners and operators in Block 2, the most hioghly regarded prospect after Chevron-ExxonMobil's Block 1 and immediately adjoining it, and are partners in a 25 percent chunk of Block 3. ERHC partners with Noble Energy as operators in Block 4.
In a PowerPoint presentation called "Progressing Attractive Growth Opportunities in Africa," Pioneer spoke of plans that are well-known but have not been tied to specific prospects before.
Here is the statement from Pioneer's Website:
Deepwater Nigeria / JDZ /
Expect to drill five to seven exploration
wells from 2005 to 2007 in five blocks
with 1 – 2 billion barrels of gross
unrisked reserve potential
The PDF file is available on Pioneer's corporate Website at: