Project Profile
Value: Undisclosed
Location: Licence 0010 (PEL0010), offshore Namibia
Reserves: Estimated net risked recoverable resources of 458 MMboe
Start-up Year: -
The Welwitschia prospect, located in PEL0010, is expected to be the target of an exploration well in the middle of 2014. The well will target multiple prospects from Palaeocene to Aptian. A CPR published in October 2011 estimated net risked recoverable resources of 458 MMboe. The partners in Namibian license PEL0010 selected the new-build Rowan Renaissance (UDW drillship) to drill the Welwitschia-1 exploration well. Rig delivery is expected to take place in December 2013, at which point the drillship will sail directly to Namibia to spud the well in mid-February 2014. Detailed well planning is underway and a site has been selected that will allow the well to test the primary and secondary targets in Maastrichtian and Aptian-Albian reservoirs. Procurement of long-lead items is underway with deliveries to begin by the end of the year. License partners include Repsol (44%) as operator, Tower Resources (30%) and Arcadia (26%).
Operators:
Repsol: Operator with 44% interest
Arcadia Petroleum Limited: 26% interest
Tower Resources: 30% interest
Contractor:
Rowan Companies: Drilling using Rowan Renaissance drillship