Committed to long-term involvement.
Coastline Exploration is committed to long-term involvement in East Africa as we seek to help develop the region’s hydrocarbon resources. While much investment has poured into East Africa, we see tremendous potential for significant oil and gas discoveries in these and other countries within the region where prospective hydrocarbon basins have yet to be properly explored.
As a responsible business, our goal is to create a working environment in which our people are safe from harm, there is minimal environmental damage or negative societal impact and the economic benefits from our operations are widely shared.
Our exploration strategy is a reflection of the experience of our Board and Management in other, diverse areas of the world and will follow well-tested oil industry processes and procedures. After payment of a bonus and initial fees to the host government (or its oil ministry) It is expected that in the initial exploration phase we will acquire 2-D seismic data and also drill an exploration well. If a discovery is made, then the drilling of appraisal wells will shortly follow to delineate the size of the newly-discovered field.
A field development plan involves engineering, construction and installation of surface production facilities and the drilling of production wells necessary to extract the hydrocarbons from the subsurface reservoirs.