1 / 20

NAMIBIA – CURRENT DEVELOPMENTS

NAMIBIA – CURRENT DEVELOPMENTS. Roger Swart NAMCOR (Pty) Ltd Oil Africa 2006 Cape Town 23 rd March 2006. Presentation outline. Kudu gas to power project Other current exploration players - Hunt Oil - BHP Billiton - Neptune Petroleum - Greendale Universal Holdings

rossa
Download Presentation

NAMIBIA – CURRENT DEVELOPMENTS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. NAMIBIA –CURRENT DEVELOPMENTS Roger Swart NAMCOR (Pty) Ltd Oil Africa 2006 Cape Town 23rd March 2006 www.namcor.com.na

  2. Presentation outline • Kudu gas to power project • Other current exploration players - Hunt Oil - BHP Billiton - Neptune Petroleum - Greendale Universal Holdings - First African Oil Corporation/Circle Oil - INA Industrija Nafte - Block 1711 • Conclusion www.namcor.com.na

  3. Kudu licence area • Water depth 170m • Reservoir depth 4400m • On Orange Banks • Reservoir – interbedded with volcanic rocks Kudu Production Licence 001 www.namcor.com.na

  4. Kudu gas field history • Discovery 1974 (Chevron/Regent/Soekor) • Exploration License award: • 6 May 1993 (Shell, EA, <Texaco>) • Petroleum Field declared:21 July 1997 • Production License awarded on 31 August 2005 • Tullow Oil (90%), Namcor (10%) • 2 wells planned for 2007 Kudu www.namcor.com.na

  5. Kudu – current concept www.namcor.com.na

  6. Construction challenges • Weather • swell • offshore winds • Remote location • Dynamic surf zone • Coastal fog www.namcor.com.na

  7. Swell • Typical conditions February-March 2006, the so-called “weather window” www.namcor.com.na

  8. Winds • Effect - Onshore terminal and power plant • Seasonal – winter • But… • SW is the dominant wind direction www.namcor.com.na

  9. Remote location • 170 km to Oranjemund • 800 km to Windhoek • 800 km to Cape Town • Diamond coast . Windhoek Kudu www.namcor.com.na

  10. Dynamic surf zone • Problem for pipe laying www.namcor.com.na

  11. Coastal fog • Satellite image of coastal fog • Corrosion an issue • High sulphur content www.namcor.com.na

  12. Licensed acreage at end of 2005 www.namcor.com.na

  13. Hunt Oil Company • Large sized US Independent • Converted reconnaissance licence to exploration licence on 23 August 2005 • 4 year licence in Lüderitz basin • Namcor holds a 10% carried interest www.namcor.com.na

  14. BHP Billiton • Awarded 2 exploration licences on 23 August 2005 • South of Kudu licence (Southern block) and block west of Kudu licence (Northern block) • Parts of northern block overlapping with Kudu Production Area • First stratigraphic delineation of acreage in Namibia • Provides win-win solution • 3D seismic campaign underway www.namcor.com.na

  15. Neptune Petroleum • 2 year exploration licence awarded 23 August 2005 • Currently interpreting seismic www.namcor.com.na

  16. Greendale Universal Holdings • Received 2 exploration licences on 27 October 2005 (17 166 km²) • Blocks 1811 A&B, 2714B • Seismic interpretation phase www.namcor.com.na

  17. Circle Oil • First post-independence onshore licence (Owambo basin) • Largest acreage ever (138 963 km²) • Full exploration license on 17 November 2005 • Namcor cosignatory with 10% stake • Well commitment www.namcor.com.na

  18. INA Industrija Nafte • Croatian NOC • Exploration license on 23 November 2005 • Second onshore licence to be awarded www.namcor.com.na

  19. Block 1711 • Block relinquished by Vanco • Acreage with highest potential so far • Received several applications for licence • Finalising negotiations • Local BEE participation included • Namcor to take up stake www.namcor.com.na

  20. Conclusion • Kudu development imminent • Namibia set to join petroleum producers club • Other exciting developments www.namcor.com.na

More Related