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Namibia: A summary of current exploration activities

Namibia: A summary of current exploration activities. June 2009 Presented by: Manfriedt Muundjua Geoscientist WWW.NAMCOR.COM.NA. National Oil Corporation of Namibia. Outline. Introduction Current License Activities Farm-in Opportunities NAMCOR Projects (Prospects Inventory Project)

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Namibia: A summary of current exploration activities

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  1. Namibia: A summary of current exploration activities June 2009 Presented by: Manfriedt Muundjua Geoscientist WWW.NAMCOR.COM.NA National Oil Corporation of Namibia

  2. Outline • Introduction • Current License Activities • Farm-in Opportunities • NAMCOR Projects (Prospects Inventory Project) • Conclusions

  3. Introduction (Locality Map)

  4. Structure: Where does NC fit in?

  5. Current License Activities

  6. BHP Billiton • Awarded 2 licenses South and West of KUDU Gas Field • Completed interpretation of 2007 seismic data • Plays similar to KUDU

  7. Enigma • Local Company • Four Licenses (3 Offshore; 1 Onshore) • PETROBRASS bought a stake in 2714 block

  8. Arcadia Petroleum • Partners: Arcadia 85 %; Neptune 15 % • AVO analysis gave new insights • Considering conducting 3D seismic

  9. Circle Oil • Partners: NAMCOR 10%; PetroHolland 70 %; Circle Oil 20 % • Proterozoic basin

  10. INA Industrija Nafte • Craotian National Oil Company • Farm in Opportunities • Plan to drill exploration well in 2010

  11. Sintezneftegas (Namibia) • Partners: NAMCOR 7 %; Kunene Energy 3 %; Energulf 10 %; PetroSA 10 % • Awaiting results of exploration well

  12. Namibian Industrial Group • Namibian Independent Oil company • License east of KUDU Gas Field

  13. NAMCOR • Namibian national oil company • Completed a prospect evaluation of Ondjou in 2008 • Farm in opportunities in the Luderitz and Walvis Basin.

  14. Labrea Petroleum • Brazilian independent oil company • Contracted HRT as technical Advisor

  15. Tullow Oil Company • 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)

  16. Farm-in Opportunities • 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 km2

  17. Farm-in Opportunities cont… • 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 km2

  18. PAUSE...

  19. Introspection! • 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?

  20. Prospects Inventory Project • 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. • To enhance collaboration with MME members (Petroleum Commissioner’s Office) by involving MME in all phases of the project. • To carry out a thorough Quality Control of all data.

  21. Prospect Inventory Phases

  22. Chronostratigraphic Charts – From Wells

  23. Benefits of PI Project • 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)

  24. Conclusions • Exploration activities are still strong. • Project Inventory project to make Namibia preferred exploration destination. • Available data supports the huge potential of Namibia

  25. Thank You For Any Further Information Please visit our booth in the International Arena (IP 2237) WWW.NAMCOR.COM.NA

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