Offshore Namibia Prospective Resource Estimate: 772 MMbbl of Oil

Drilling Activity Details

Locations

Namibia

Post Date
Shore Type
Geo Coordinate

Drilling Activity Summary

Description

Global Petroleum has announced its estimate of prospective resources for offshore Namibia PEL0094 (Block 2011A). A total of 964 MMbbl of unrisked gross technical prospective resources have been estimated for the block, including the Albian carbonate reservoir at Welwitschia Deep with a best estimate unrisked gross prospective resources of 772 MMbbl of oil. The prospective resources relate to the Welwitschia Deep and Marula prospects and are based on 2-D seismic data and geological information. Additional prospects will be identified after licensing and additional 2-D and 3-D seismic interpretation. The Welwitschia Deep prospect is a fault and dip-closed structural trap, as are the Gemsbok, Lion and Dik Dik prospects in the company’s PEL0029 license. The Marula prospect is a stratigraphic trap, where the Upper Cretaceous.