Tullow Oil commences Namibian offshore drilling

05 Sep 2018 17:00pm
WINDHOEK, 05 SEP (NAMPA) – The Ministry of Mines and Energy has announced the commencement of the drilling of the Cormorant-1 well by Tullow Oil on the Namibian offshore at Walvis Bay.
Deputy Minister Kornelia Shilunga confirmed this during a media briefing here on Wednesday.
According to Shilunga, the well will test the oil potential of Namibia, during which Namibia will be actively participating and monitoring the drilling campaign.
“Drilling and evaluating of the well is expected to take about 34 days and the ministry will announce the drilling results upon completion,” she stated.
This, according to the deputy minister, is one of the government’s measures put in place in an effort to discover and produce its own crude oil.
According to previous media reports, the Cormorant-1 well is being drilled by the Ocean Rig Poseidon, a sixth generation drillship, in 545 metres of water, to a total depth of 3 830 metres subsea.
Additionally, the Cormorant well has an estimated prospective recoverable resource potential of 124 million barrels of oil and if successful, would open a fairway of similar fans, potentially creating a substantial spread of resources across Petroleum Exploration Licence (PEL) 37, the reports suggested.
(NAMPA)
IB/HP/AS