3D seismic survey begins offshore Namibia

offshore namibia-Gary Bembridge flickrPancontinental Oil & Gas has announced that a 3D seismic survey has commenced in the Licence area EL0037 offshore Namibia

According to explorer, the 3D acquisition take place in an area of approximately of 3,000 sq km and a second acquisition phase will cover approximately 1,000km of 2D data.

The total acquisition is expected take up to 120 days.

The survey is managed by the EL0037 joint venture operator Tullow Oil, using the seismic acquisition vessel Polarcus Asima.

Tullow Oil farmed-in to EL 0037 in September 2013 and reportedly identified a number of geological leads to be covered by the 3D survey.

Pancontinental Oil & Gas will retain a 30 per cent free-carried interest through the surveys and one optional well to be drilled by Tullow Oil.

The Namibia EL0037 consortium consists of operator Tullow Kudu Limited with 65 per cent. Paragon Oil & Gas carries the remaining five per cent interest.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

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