24 April 2014, News Wires – Spanish giant Repsol has finally started drilling the Welwitschia-1 wildcat on PEL 0010 off Namibia.
Joint venture partner Tower Resources revealed on Thursday that the drillship Rowan Renaissance had started drilling the well.
The well had been delayed by more than two months following delays with the newbuild drillship which was originally due to be delivered from South Korea’s Hyundai Heavy Industries to owner Rowan at the end of December but was not handed over until February.
The Welwitschia prospect is believed to have multi-billion barrel upside potential and the well will be drilled to a total depth of 3000 metres to evaluate primary and secondary target reservoirs in both the Maastrichtian and Aptian-Albian reservoir sequences.
Repsol operates PEL 0010 with a 44% stake and is partnered by Tower on 30% and Arcadia with a 26% interest.