Covid-19 delays oil exploration in Kavango

22 May 2020 | Energy

KENYA KAMBOWE

KAWE



Reconnaissance Energy Africa (ReconAfrica), which has an interest in exploring oil and gas in the Kavango basin, has been forced to defer its drilling processes to later this year due to the current coronavirus pandemic.

ReconAfrica is a Canada-based oil and gas company, which in January 2015 obtained a licence to explore oil and gas as well as the development of oil in Namibia. The company holds 90% interest in a petroleum exploration licence in north-east Namibia, which covers the entire Kavango sedimentary basin.

Speaking about the setback was ReconAfrica's deputy general manager in Namibia, Yusneurys Perez Martinez, who said they had anticipated to start with the first of the three drilling locations by June, however, due to the negative global impact of the coronavirus, the plan had to be postponed.



3.6km exploration well

Martinez was speaking at Kawe village in the Rundu Rural constituency in the Kavango East Region where the company donated food items worth N$75 000, benefitting about 100 needy families. “We anticipated to start in the middle of the year but because of the coronavirus pandemic restriction globally, we had to postpone it for the end of the year,” Martinez said.

He further elaborated on their expectations regarding exploring oil and gas in the Kavango basin.

Martinez said ReconAfrica plans to drill a 3.6km exploration well which will allow them to see what kind of rocks they can find.



Prolific sedimentary basin

“The company, since it got its licence in January 2015, we have been assessing all geological and geophysical data and we have identified a prolific sedimentary basin which we believe can hold a meaningful amount of iron carbons within the area,” Martinez said.

The drilling permit from the environment ministry covers the entire PEL 73 area, allowing the drilling of a number of wells in the Kavango Basin until August 2022.

The first renewal period for the exploration licence is estimated to cost roughly N$143 million.

Similar News

 

Namibia’s fuel price rose 30% since January

2 weeks ago - 17 November 2021 | Energy

OGONE TLHAGEWINDHOEKThe year 2021 has been marked by several fuel price hikes, with information provided by the ministry of mines showing that prices have risen...

Hyphen preferred bidder for Nam’s hydrogen project

1 month - 05 November 2021 | Energy

Namibia has announced Hyphen Hydrogen Energy as the preferred bidder to develop a green hydrogen project in //Kharas, presidential economic advisor and hydrogen commissioner James...

Safety is paramount...

1 month - 29 October 2021 | Energy

Vivo Energy Namibia, the retailer and marketer of Shell-branded fuels and lubricants, has held its annual Safety Day, reinforcing the importance of Health, Safety, Security,...

Councillors slam Nored’s dividend payments

3 months ago - 20 August 2021 | Energy

KENYA KAMBOWERUNDULocal and regional authority leaders in Kavango East are demanding more from Nored, saying that the dividends and surcharges they get are a mere...

Namibians must manage Recon, says CEO

4 months ago - 26 July 2021 | Energy

OGONE TLHAGEWINDHOEKOil exploration company Recon Africa says Namibians stand to benefit significantly if they take ownership of the oil exploration project, and not just from...

Mbangu welcomes ReconAfrica oil find

7 months ago - 23 April 2021 | Energy

KENYA KAMBOWERUNDUDespite environmental concerns over the oil and gas exploration activities being undertaken by ReconAfrica at Kawe village in the Kavango East Region, the recent...

Pay more for more extractive stakes: Mulunga

7 months ago - 16 April 2021 | Energy

MATHIAS HAUFIKUWINDHOEKNamcor boss Immanuel Mulunga says concerns over the government's minimal shareholding in mining and oil exploration projects across the country is due to the...

Nored sinks into the red

8 months ago - 25 March 2021 | Energy

OGONE TLHAGE WINDHOEKNorthern regional energy distributor Nored – which has not produced audited financial reports for over six years – is struggling...

Vivo Energy revitalised by new headquarters

8 months ago - 19 March 2021 | Energy

Yochanaan CoetzeeVivo Energy Namibia, the local licensee for Shell, yesterday celebrated the completion of their move into their towering new headquarters, aptly named “Vivo House”,...

Protests in Germany over Namibian biomass

9 months ago - 04 March 2021 | Energy

ELLANIE SMIT WINDHOEKProtests flared up last week in Hamburg, Germany, against a project investigating the feasibility of using Namibian bush biomass to...

Latest News

Hilia Hitula continues to achieve...

2 days ago - 03 December 2021 | Business

Rivaldo Kavanga Urban planner Hilia Hitula says it has always been a dream to work in the urban planning profession. “Right from matric...

Don’t kick the cat!

2 days ago - 03 December 2021 | Economics

John Steytler Namibia is in an unenviable position as a developing country, its economy is very fragile and it is trying to weather the pandemic....

Sheya slams SPYL for jealousy,...

2 days ago - 03 December 2021 | Politics

KENYA KAMBOWE RUNDUOusted Swapo Party Youth League (SPYL) secretary for economic affairs Marius...

Ya Nangoloh’s Swapo membership application...

2 days ago - 03 December 2021 | Politics

KENYA KAMBOWE RUNDU Swapo secretary-general (SG) Sophia Shaningwa this week wanted nothing to do with questions on a membership application...

V5 Digital a forerunner in...

2 days ago - 03 December 2021 | Technology

Iréne-Mari van der WaltMore than three years ago, Armin Wieland founded his business, V5 Digital, after noticing that there was a lack of companies in...

Do it with passion or...

2 days ago - 03 December 2021 | Justice

Desiree Gases Ngeendina Angula, born and raised in Greenwell, Windhoek, moved to Cape Town, South Africa, when she was 13 years old and lived there...

A love for engineering and...

2 days ago - 03 December 2021 | Transport

Wetumwene Shikage Describing her journey at Fly Namibia, Gabriela Kamaahene says the experience has been surreal. She says the company continuously grows and she...

EDITORIAL: Opportunity

2 days ago - 03 December 2021 | Opinion

With new Covid-19 infections doubling almost every day since the start of the week, and South Africa also seeing a surge, it’s difficult not to...

December rains on the way...

2 days ago - 03 December 2021 | Weather

ELLANIE SMIT WINDHOEK The Namibia Meteorological Service forecasts heavy rain for far northern...

Load More