$10,000,000
Namibia Block PEL94 (2011A)
Global Petroleum are seeking a partner to acquire a 3D survey ahead of drilling a wildcat well. Many of the plays here are shallow water carbonates, however there are few discoveries in this northern area of offshore Namibia.
Welwitshia-1A well was drilled on the block and proved seal effectiveness but didn’t penetrate deeper play.
Details
Asset Name
: Namibia Block PEL94 (2011A)
Ref
: AF-NAM-PEL94
Continent
: Africa
Country
: Namibia
Location
: Offshore
Project Phase
: Exploration
Latitude
: -20.28
Longitude
: 11.55
License Start
: 2018
Operator
: Global Petroleum Namibia Ltd
Other partners
: Namcor 17%, Aloe Investments 5%
Farmout company
: Global Petroleum Namibia Ltd
Mandated Agent
: PVE Consulting
Work Programmes
: Drilling
Back Costs
: Unknown
Equity Offered
: Unknown
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Low
Consideration Sought
: $10,000,000