Namibia's hydrocarbon potential being opened for further exploration

Journal Article · Mon Sep 05 04:00:00 EDT 1994 · Oil and Gas Journal; (United States)

OSTI ID:7198652

Miller, R M ^[1]; Carstens, H; Wolden, T ^[2]

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1. National Petroleum Corp. of Namibia, Windhoek (Namibia)
2. PGS Nopec, Trondheim (Norway)

Namibia, through the Ministry of Mines and Energy (MME) and with the assistance of National Petroleum Corp. of Namibia (Namcor), concluded its first onshore and offshore licensing round with the award of five offshore blocks in 1992 and 1993 (Table 1). This first licensing round was considered successful as 19 bids were received for nine offshore blocks. Licensees have committed to extensive seismic programs and a minimum of eight exploration wells. One of these wells has been drilled, with a series of back to back wells planned in 1995 involving four operators. To ensure continued exploration at a steady pace, a second petroleum licensing round is now in the planning. For this purpose Namcor has acquired new seismic data and has revised the Model Petroleum Agreement to help accommodate the present competitive exploration climate and smooth negotiations. The present article summarizes key geologic and operational factors that apply to this round which will commence Oct. 1, 1994.

• OSTI ID: 7198652
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 92:36; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
AFRICA
ENERGY POLICY
EXPLORATION
GEOLOGIC DEPOSITS
GEOLOGIC STRUCTURES
GEOLOGY
GEOPHYSICAL SURVEYS
GOVERNMENT POLICIES
HISTORICAL ASPECTS
LEASING
MINERAL RESOURCES
NAMIBIA
NATURAL GAS DEPOSITS
OFFSHORE SITES
ONSHORE SITES
PETROLEUM DEPOSITS
RESERVOIR ROCK
RESOURCE POTENTIAL
RESOURCES
SEDIMENTARY BASINS
SEISMIC SURVEYS
SOURCE ROCKS
STRATIGRAPHY
SURVEYS