Introduction

Blocks 1710 and 1810 are situated in the Namibe basin off the Northern coast of Namibia along the international boundary with Angola. The two separate exploration blocks have an area of about 17,000 square kilometers are situated directly west of blocks 1811 and 1711, which have recently been the focal point of a tremendous amount of activity. EnerGulf Resources recently announced a prospective oil resources report for four prospects and nine leads on block 1711, offshore Namibia, including an estimate of 3,166 million barrels of potentially recoverable oil. 

In Apr,2019, ExxonMobil increased its exploration acreage in Namibia with the addition of approx. 7 million net acres (28,000 sq kms) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for Blocks 1710 and 1810.

ExxonMobil operates Blocks 1710 and 1810 and holds a 90 percent interest; NAMCOR holds a 10 percent interest. ExxonMobil will assign 5 percent of its interest to a local Namibian company.

Operator

National Petroleum Corporation of Namibia(NAMCOR)(Namibia): 10% interest.

ExxonMobil(Namibia): Operator with 90% interest.