Pancontinental Oil & Gas, says it has completed a 3 000-sq-km 3D
seismic survey on a license operated by Tullow Kudu Ltd, in the Walvis
basin offshore Namibia.
The survey is on EL 0037, which is adjacent to the north of a license
on which a group led by HRT Walvis Petroleum (Pty.) Ltd, drilled a
well, Wingat 1, last year which penetrated two oil-source rocks and
recovered non-commercial amounts of liquid.
A subsequent well on the license, Murombe 1, was a dry hole.
Polarcus, Dubai, acquired the data for Tullow using its Polarcus Asima vessel.
Pancontinental said the survey covered an area on which a 2D survey
had identified several leads. A second 2D survey is planned.
EL 0037 is southeast of EL 0010, on which a group led by Repsol SA
soon will spud an exploratory well designated Welwitschia 1 .
Repsol partner Tower Resources PLC, London, said last month the Rowan
Renaissance drillship had arrived in Namibia under a three-year
contract with the Spanish company and was being prepared, and tested
for the work.
Tullow holds a 65% interest in 17,295-sq-km EL 0037. Pancontinental
Namibia (Pty.) Ltd. holds a 30% interest carried through the surveys
and an optional well to be drilled by Tullow. Paragon Oil & Gas (Pty.)
Ltd, holds five percent.
Offshore exploration in Namibia began in the late 1960s and resulted
in major gas finds but so far no oil.-ogj.com