Namibia A summary of current exploration activities National
Namibia: A summary of current exploration activities National Oil Corporation of Namibia June 2009 Presented by: Manfriedt Muundjua Geoscientist WWW. NAMCOR. COM. NA
Outline 1. 2. 3. 4. 5. Introduction Current License Activities Farm-in Opportunities NAMCOR Projects (Prospects Inventory Project) Conclusions
Introduction (Locality Map)
Structure: Where does NC fit in?
Current License Activities
BHP Billiton l l l Awarded 2 licenses South and West of KUDU Gas Field Completed interpretation of 2007 seismic data Plays similar to KUDU
Enigma l l l Local Company Four Licenses (3 Offshore; 1 Onshore) PETROBRASS bought a stake in 2714 block
Arcadia Petroleum l l l Partners: Arcadia 85 %; Neptune 15 % AVO analysis gave new insights Considering conducting 3 D seismic
Circle Oil l l Partners: NAMCOR 10%; Petro. Holland 70 %; Circle Oil 20 % Proterozoic basin
INA Industrija Nafte l l l Craotian National Oil Company Farm in Opportunities Plan to drill exploration well in 2010
Sintezneftegas (Namibia) l l Partners: NAMCOR 7 %; Kunene Energy 3 %; Energulf 10 %; Petro. SA 10 % Awaiting results of exploration well
Namibian Industrial Group l l Namibian Independent Oil company License east of KUDU Gas Field
NAMCOR l l l Namibian national oil company Completed a prospect evaluation of Ondjou in 2008 Farm in opportunities in the Luderitz and Walvis Basin.
Labrea Petroleum l l Brazilian independent oil company Contracted HRT as technical Advisor
Tullow Oil Company l l Partners: NAMCOR 10 %; Itochu 20 %; Initial 4 year production development phase to expire August Negotiating extension to production license 8 wells within KUDU Gas Field (3 Tcf)
Farm-in Opportunities l l l l Walvis Basin Water depth: 600 – 3000 m Play: Broad Four-way dip closures anticline Reservoir: Santonian to Maastrichian deep marine turbidites sands Seal: Intervening deep marine shales Source: Early Aptian and Cenomanian-Turonian Area: 11 000 km 2
Farm-in Opportunities cont… l l l l Luderitz basin Water depth: 200 – 3500 m Play: Broad Four-way dip closures anticline Reservoir: Barremian to Paleocene deep marine turbidites sands Seal: Intervening deep marine shales Source: Early Aptian and Cenomanian-Turonian Area: 38 214 km 2
PAUSE. . .
Introspection! l l l Extensive Seismic coverage Wells with positive indicators Existence of Source rocks – Not in doubt Reservoir – extensive within middle and upper Cretaceous Then, what is missing?
Prospects Inventory Project l To develop a comprehensive prospect inventory (PI) in an industry standard format that will form the basis for subsequent economic modelling on a block by block basis for the entire Namibia. l To enhance collaboration with MME members (Petroleum Commissioner’s Office) by involving MME in all phases of the project. l To carry out a thorough Quality Control of all data.
Prospect Inventory Phases
Chronostratigraphic Charts – From Wells
Benefits of PI Project Ø Ø Ø Make Namibia preferred Investment destination Confidence in proper Database Credibility Up- skilling Namibians will be experts of Namibian margin Position paper on the hydrocarbon potential of Namibia (Technical paper to be presented in Brazil at AAPG International)
Conclusions l Exploration activities are still strong. l Project Inventory project to make Namibia preferred exploration destination. l Available data supports the huge potential of Namibia
Thank You For Any Further Information Please visit our booth in the International Arena (IP 2237) WWW. NAMCOR. COM. NA
- Slides: 25