Tullow wraps up Namibia shoot

11 April 2014 – London-listed Tullow Oil has wrapped up a 3D seismic survey over licence EL 0037, off the coast of Namibia.

The 3D shoot covered about 3000 square kilometres over the licence which already contains a number of strong leads that have been mapped on existing 2D seismic.

Final results from the 3D survey are expected in about five months, with fast-track 3D data will be available within 10 weeks to allow the licence partners to start mapping prospects on the acreage.

Licence partner Pancontinental Oil & Gas also revealed on Friday plans to shoot another 1000 kilometres of 2D over the licence to prove up a number of prospects for drilling.

Pancontinental is being free carried through the surveys and the drilling of an optional well as part of Tullow’s farm-in to the licence.

EL 0037 covers an area of 17,295 square kilometres in the offshore Walvis basin.

Tullow operates the licence with a 65% stake and is partnered by Pancontinental on 30% and Paragon Oil & Gas on 5%.
*Josh Lewis- Upstreamonline

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