Petroleum Africa
Find us on: 
Thursday, December 3, 2020
Global Petroleum announced that it has recently purchased historic 2D seismic data in order to improve interpretation of its Marula prospect in the western part of Namibia’s Block 2011A in its PEL0094 license.
Separately, Global has also acquired 2D seismic data over the relatively underexplored eastern part of the block and the company expects the interpretation of this data significantly to enhance the prospectivity already identified in this area.
Interpretation of both sets of data is underway, following which the Company will update its previous Prospective Resources estimate for PEL0094, published on 20 July 2020. Preparations are also underway for a farmout process which will be launched once the seismic interpretation is complete.
With respect to the Company’s other Namibian license, PEL0029 (Blocks 1910B and 2010A), the license expired under its terms on 3 December 2020, further extensions not being permitted under Namibian petroleum exploration law. The Company has completed its outstanding license work program commitments under budget. It is the Company’s current intention to apply for a new license in due course.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
