Project Profile
Location: Walvis basin, offshore Namibia
Gross Prospective: 882 million barrels of oil (Best estimate)
Licence Award: March 2011
Start-up Year: -
Gustavson Associates has reported 882 million barrels of oil (Gross Prospective - Best) resources on the Block. The company's report has evaluated an additional 700 km of acquired 2D seismic data. Overall, the report is based on interpretation of more than 1,450 line km of 2D data and an analysis of PGS’ study on the block.
The Cooper License is currently within the First Renewal Exploration Period under the terms of the licence. A twelve-month extension to the licence is secured, starting from March 2018 to March 2019.
Osprey lead
Osprey is in approx. 500 meters of water. The partners have concluded that the types of fan plays are similar to the Jubilee Field in Ghana. Work is being carried out to identify an exact drilling location.
Operators:
Eco (Atlantic) Oil & Gas: 57.5% interest
AziNam: 32.5% interest
National Petroleum Corporation of Namibia (NAMCOR): 10% carried interest
Contractors:
Gustavson Associates: Reserves and reservoir estimation studies
PGS Geophysical: Seismic survey on the Cooper block using its high resolution GeoStreamer technology. PGS has also been contracted to process the 3D data.