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Pancontinental Commences 3D Survey Offshore Namibia

Source: www.gulfoilandgas.com 1/17/2014, Location: Africa

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Pancontinental Oil & Gas NL is pleased to advise that a 3D seismic survey has commenced in Licence area EL 0037 offshore Namibia.

The 3D acquisition will be of approximately of 3,000 sq km and a second acquisition phase will cover approximately 1,000 km 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 subsequently identified a number of geological “Leads” to be covered by the 3D survey. Pancontinental retains a 30% free- carried interest through the surveys and one optional well to be drilled by Tullow.

The Namibia EL 0037 consortium consists of
- Tullow Kudu Limited1 (Operator) 65%
- Pancontinental Namibia (Pty) Ltd 30%
- Paragon Oil & Gas (Pty) Ltd3 5%

For more information about related Opportunities and Key Players visit West Africa Projects

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