Galp starts Namibia offshore seismic acquisition

A seismic survey in the PEL83 Offshore License comprising an area of about 3 000 km² in Namibia’s deep water offshore will be conducted over the next two months.

28 January 2019 | Energy

Galp, a publicly held, Portuguese-based energy company with an international presence, will start a 3D seismic campaign in Namibia’s Deepwater Offshore License PEL83 in the Orange basin on January 25.

The area is located approximately 260 km from Lüderitz in water depths of between 180 - 2 500 metres, and considered a “Frontier Exploration Basin”.

Galp media relations officer Diogo Sousa Pedro Marques Pereira said in a press release issued on January 21 that the survey, contracted to Polarcus UK Ltd., will comprise an area of around 3 000 km² and should to be completed in March.

The PEL83 license, awarded in August 2016 by the ministry of mines and energy to a Galp-led (80%) consortium which also includes the National Petroleum Corporation of Namibia (10%) and Custos Energy (10%), covers a total area of around 10 000 km².



Galp has been present in Namibia since 2012 and it currently holds two exploration licenses located in the country’s offshore.

In 2012 Galp signed a farm-in agreement in oil exploration licenses located in Namibia’s offshore.

As part of the exploratory campaign carried out in 2013, three wells were drilled - two in the Walvis basin and one in the Orange basin, although none of them resulted in a commercial discovery.

In 2016 Galp reached an agreement with the Namibian government to secure the exploration licenses in PEL 82, formerly PEL 23, in the Walvis basin, and in PEL 83, formerly PEL 28, in the Orange basin.

In 2018 Galp initiated the process of farming-down a 40% participating interest in the Petroleum Exploration License (PEL) 82 to an ExxonMobil subsidiary.

The transaction conclusion is subject to satisfaction of customary conditions precedent, including the approval of the relevant competent Namibian authorities. Following the conclusion of the transaction, both Galp and ExxonMobil will hold a 40% interest in the license and Galp will maintain the operatorship.

The concessions cover a total area of about 20 000 km² and are located in emerging provinces, where the existence of hydrocarbons has already been proved.

The company continues with the area’s geological assessment and the processing of the 2D seismic acquired in the Orange basin’s blocks.

The activities of the company, which employs 6 389 people, cover all stages of the energy sector's value chain, from prospection and extraction of oil and natural gas from reservoirs located kilometres under the sea surface, to the development of efficient and environmentally sustainable energy solutions for customers.

With a strong global expansion, Galp develops exploration and production, refining and marketing, and gas and power operations on four continents.

The company contributes to the economic development of 11 countries where it operates, as well as to the social progress of the communities.

Similar News

 

Diesel price adjustment a welcome relief

3 weeks ago - 02 October 2020 | Energy

Swakopmund • [email protected] secretary general of the Namibia Transport and Taxi Union (NTTU), Werner Januarie, welcomed the adjustment in diesel fuel pump prices “It...

Fuel prices up again

1 month - 02 September 2020 | Energy

Fuel prices have been increased for the month of September in light of the economic plummet accompanying the Covid-19 pandemic, the ministry of mines and...

No electricity tariff increases for Erongo

2 months ago - 04 August 2020 | Energy

Walvis Bay Erongo RED announced a weighted average tariff adjustment of -1.6% in compliance with approval from the Electricity Control Board (ECB). This is...

Filling up to cost more

2 months ago - 03 August 2020 | Energy

Fuel pump prices will increase countrywide at midnight on Wednesday (5 August), with the price of petrol increasing by 100 cents per litre and the...

Fuel prices remain unchanged for July

3 months ago - 30 June 2020 | Energy

Fuel pump prices in Walvis Bay (port of entry) will remain N$10.35 per litre for Petrol and N$11.13 per litre for Diesel respectively the minister...

Dundee Precious Metals Tsumeb reaffirms support to the Tsumeb...

6 months ago - 09 April 2020 | Energy

Dundee Precious Metals Tsumeb reaffirmed its support to the Tsumeb community by improving the preparedness levels of the Tsumeb District hospital should the COVID-19 virus...

Erongo RED donates N$1 million

6 months ago - 07 April 2020 | Energy

Walvis Bay • [email protected] Erongo RED has availed N$1 million to the Covid-19 pandemic fight within the region. Chief executive Fessor Mbango said that N$200...

Fuel prices unchanged

10 months ago - 04 December 2019 | Energy

Fuel pump prices in Walvis Bay for 95 Octane Unleaded Petrol amount to N$ 13.05 per liter and that of Diesel 50 ppm is N$...

N$120 miljoen. se

1 year - 15 October 2019 | Energy

Arandis • Adolf KaureVisepresident Nangolo Mbumba het onlangs Sertum Ener­gy Namibia se N$120 miljoen-sonkragaanleg by Orano se Trekkopje-myn ingewy. Die 5 megawatt- fotovoltaïese aanleg lê...

Son gee myn krag

1 year - 01 October 2019 | Energy

Arandis · Otis Finck Sertum Energy Namibia gaan Donderdag sy nuut geboude Trekkopje-sonkragaanleg amptelik in gebruik neem. Die visepresident van die Republiek van...

Latest News

Erongo records three new Covid-19...

2 hours ago | Health

The health minister Kalumbi Shangula announced 77 new Covid-19 cases and 51 recoveries on Wednesday afternoon. He said that 1 115 results were received from...

Old guard must go and...

2 hours ago | Politics

Windhoek · [email protected] Bay Urban constituency councillor Knowledge Ipinge, who is vying to retain his seat in the upcoming local and regional authority elections, says...

Rugby Africa concludes solidarity campaign

2 hours ago | Sports

Rugby Africa announced the immediate release of €170 000 from a solidarity fund for its member unions earlier this year. The Rugby Africa Executive Committee...

Breek weg na Omaruru

2 hours ago | Events

Omaruru • [email protected]o.com.naTerwyl die ekonomie aan die kus weer op die been is te danke aan ’n toestroming van binnelandse besoekers, moet inwoners en besighede...

NaTIS arrives in Arandis

1 day - 27 October 2020 | Infrastructure

Arandis The deputy minister of Works and Transport Veikko Nekundi officially opened a NaTIS office in Arandis today. Nekundi said that the realisation...

Six new Covid cases for...

1 day - 27 October 2020 | Health

The minister of health and social services Dr Kalumbi Shangula announced 54 new Covid positive cases and 65 recoveries. Shangula explained that 531 Covid-19...

Law enforcement officers ready for...

1 day - 27 October 2020 | Sports

Walvis Bay The Erongo Law Enforcement Sports Association (ELESA) host the 5th edition of the Law Enforcement Sports Tournament at Jan Wilken Sports...

Swierige matriekafskeid

1 day - 27 October 2020 | Events

Hoërskool Duneside se matriekafskeid het Saterdag by die Hotel Atlantic op die hawedorp plaasgevind. Veertien matrikulante het die geleentheid met die tema “MET Gala” bygewoon...

Pophuis bou is nie speletjies

1 day - 27 October 2020 | Local News

Swakopmund • [email protected]'n Inwoner van Swakopmund het tydens 'n finansiële verknorsing as 'n toevlug hom na die maak van pophuise gewend. Koster Cronje sê hy...

Load More