Project Profile
Location: Namibia
Blocks 2112B, 2212A (formerly PEL 23) in the Walves basin - now PEL 82
Blocks 2813A and 2814B (formerly PEL 28) in the Orange basin - now PEL 83
Area: 20,000 sq km
Water Depth: 180 - 2,500 m
Start-up Year: -
PELs 23 and 28 are two licenses located in Namibia, Africa. PEL 23 lies in the Walvis Basin and PEL 28 in the Orange Basin. The concessions cover a total area of c.20,000 km2 and are located in emerging areas where the presence of hydrocarbons has already been proved. The former operator HRT planned a three-well Namibian exploratory campaign starting in the first quarter of 2013 using the Transocean Marianas semisubmersible. HRT proceeded with a long-awaited farm-out agreement for the blocks, according to which, Galp Energia took a 14% stake and contributed to well costs in three exploration areas.
Three wells were drilled during 2013, of which two in the Walvis basin and one in the Orange basin. None of the wells resulted in a commercial discovery.
Operators:
Galp Energia: Operator with 80% interest
National Petroleum Corporation of Namibia (NAMCOR): 10% interest
Custos: 10% interest
Contractors:
Transocean: Offshore drilling services contract using the Transocean Marianas semisubmersible