Petroleum Africa
Find us on: 
Monday, October 7, 2013
Hydrocarb Energy Corp. and its partner in Namibia, Duma Energy, have completed the field acquisition phase of a 13,468 km high-resolution aerial gravity and magnetics program. The program was the first major geophysical exploration program to be carried out over Hydrocarb’s 21,200 sq km concession, blocks 1714A, 1715, 1814A, and 1815A, located in Namibia’s Owambo Basin.
The survey was flown by Bridgeporth Ltd. in order to obtain a first look into the subsurface of this virtually unexplored and very high potential onshore African basin. Eight-five percent of the Owambo concession is without any modern geophysical data.
The survey, currently in processing, will be instrumental in determining the structural fabric of the concession and assist in laying out a regional 2D seismic data program that will be acquired in 2014. In addition to recently completed geologic field studies, the completion of the gravity/magnetics survey marks a major milestone in Hydrocarb’s exploration program in Namibia.
Pasquale Scaturro, Hydrocarb’s president and COO stated, “Our recent field work has already proven the existence of crude oil from carbonate source. With this survey and subsequent 2D seismic program, we will be able to map those structures and traps that we believe could contain billions of barrels of potential oil reserves. The Owambo Basin has all of the ingredients to become a major new petroleum province in Africa.”
" 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">
