Spain's Repsol to Drill Offshore in Namibia in 2014 - Official
CAPE TOWN, Oct 8 (Reuters) – Spanish oil major Repsol will drill its first offshore well in Namibia as early as February next year, a senior official at Namibian national petroleum company NAMCOR said on Tuesday.
Repsol is the operator of the Welwitschia-1 well in the Walvis Basin, offshore Namibia, and in partnership with London-based oil and gas firm Tower Resources.
Respol is likely to be drilling as early as February or March 2014, Manfriedt Muundjua, a senior exploration and production official at NAMCOR told Reuters on the sidelines of a gas and oil conference in Cape Town.
Known for its vast uranium reserves, Namibia is attracting interest from oil and gas companies keen to explore its offshore potential, which has been likened to Brazil's prolific Santos basin.
Muundjua said Chariot Oil and Gas had confirmed they were looking to drill their Central Block offshore Walvis Bay in the latter half of 2014, although this depended on them finding a partner.
Oil major BP has a 30 percent stake in Block 2513 in Luderitz Bay – farmed out by Serica Energy Plc last year to help the junior company meet the costs of 3-D seismic data – and Muundjua said they were also expected to drill before the end of next year.
Brazilian oil and gas exploration company HRT in 2013 drilled three wells offshore of Namibia, all of which turned out to have no commercial potential, and helping send their shares lower.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension