Seismic oil exploration starts offshore

A seismic survey in the PEL83 Offshore Licence comprises an area of around 3000 km² in Namibia’s deep-water area.

23 January 2019 | Energy

Augetto Graig

Portuguese-based energy company Galp will start with a 3D seismic research campaign in Namibia’s Deep-water Offshore Licence PEL83 in the Orange Basin on Friday.

The survey, contracted to Polarcus UK, will cover an area of around 3 000 square kilometres and should be completed in March.

The PEL83 licence was awarded in August 2016 by the ministry of mines and energy to a Galp-led consortium that also includes the National Petroleum Corporation of Namibia (Namcor) and Custos Energy, a Namibian company that has been a local partner of Galp since 2012, the Namibia Economist has reported.

The licence covers a total area of around 10 000 km². The area is located approximately 260 km from Lüderitz in what is considered a ‘Frontier Exploration Basin’.

Galp is a publicly held Portuguese energy company, with an international presence. Its activities cover all stages of the energy sector's value chain, from prospection and extraction of oil and natural gas from reservoirs located kilometres under the sea surface, to the development of efficient and environmentally sustainable energy solutions for customers, whether large industries that seek to increase their competitiveness, or individual consumers that seek the most flexible solutions for their home and mobility needs, according to their website.

They also claim to assist economic development of the 11 countries where Galp operates and to the social progress of those communities. Galp employs 6 389 people.

Polarcus is a maritime and technological innovation company which has invested in the latest new-build vessel designs and the most technologically advanced seismic and navigation systems to collect a seismic fleet that is one of the most modern and advanced in the world.

On 3 January Polarcus chief financial officer Hans-Peter Burlid announced that the utilisation of this seven-vessel fleet was at 96% for the last quarter of 2018, and at 87% for the year, up from 77%.

By the end of December the fleet was already 90% booked for the first quarter of this year, 85% for the second and more than half for the third.

On Tuesday MarineTraffic.com reported that the Polarcus Asima, the Polarcus Adira and the Polarcus Alima were all off the coast of Mauritania on route to an unrecognised destination designated ‘Survery Req CPA 7 NM.’ The Polarcus Alima, which had been in Walvis Bay since December, was also shown on route with its destination designation listed as ‘Towing Cables CPA 7 NM.’

Similar News

 

New Harambee electricity targets

3 days ago - 18 March 2019 | Energy

Deputy energy minister Kornelia Shilunga says government will soon commit itself to the 100% electrification of schools, hospitals and other public institutions, as well as...

Eskom too big to fail

1 month - 07 February 2019 | Energy

Eskom was too big and too important for South Africa to be allowed to fail, President Cyril Ramaphosa said on Tuesday.The troubled South African state-owned...

Opoloyela yolusheno lwoonkondo dhetango mOkatope ya tameke

1 month - 04 February 2019 | Energy

Omahangano gatatu ngoka ga pewa ootendela kehangano lyoku andjakaneka olusheno moNamibia lyaNamPower, opo ga tulepo oosasiyona ndatu dhoolusheno lyoonkondo dhetango mOkatope moshitopolwa shaShikoto oga tameke...

Okatope solar plants get off the ground

1 month - 01 February 2019 | Energy

Three companies awarded tenders by NamPower to set up three solar power plants at Okatope in the Oshikoto Region have started construction.NamPower signed power purchase...

Resized Kudu affordable - Namcor

1 month - 31 January 2019 | Energy

The National Petroleum Corporation of Namibia (Namcor) is confident that the revised Kudu gas-to-power project, which will now only supply energy to the local market,...

Namcor prevails

2 months ago - 18 January 2019 | Energy

The National Petroleum Corporation of Namibia (Namcor) has been chosen to manage the strategic fuel storage facility in Walvis Bay, but will initially appoint a...

Stable rand to help fuel prices

2 months ago - 03 January 2019 | Energy

Simonis Storm analyst Indileni Nanghonga believes that fuel prices could drop further if the rand strengthens against the US dollar. This follows a reduction...

Southern RED set for 2019

2 months ago - 28 December 2018 | Energy

The establishment of the Southern Regional Electricity Distributor is expected to be completed in 2019 following the finalisation of a formula that will reimburse local...

Less time at the pump, more fun on the...

3 months ago - 04 December 2018 | Energy

Due to increasing crude oil prices and exchange rate depreciation, Namibians now pay record prices for fuel at filling stations. These increases place even greater...

Fuel prices up again

4 months ago - 06 November 2018 | Energy

OGONE TLHAGEFuel prices will increase for the fourth time in as many months tomorrow.The minister of mines, Tom Alweendo, yesterday announced that all diesel grades...

Latest News

Millions unaccounted for at NDC,...

1 day - 20 March 2019 | Economics

The Namibia Development Corporation (NDC) has failed to submit documentary evidence to prove how it spent N$90.1 million between 2015 and 2017, the latest report...

Aluta continua!

1 day - 20 March 2019 | Columns

Tomorrow is without doubt a significant day in our national history, as we pause to celebrate the spirit of our forefathers and struggle heroes and...

Africa Briefs

1 day - 20 March 2019 | Economics

No end date for Eskom’s power cutsSouth Africa's public enterprises Minister Pravin Gordhan said yesterday he cannot say yet when rolling blackouts will end, as...

Cob plundering suspects nabbed

1 day - 20 March 2019 | Crime

Leandrea Louw Two men arrested on Saturday for allegedly being in possession of 60 large cob made their first appearance in the Walvis Bay Magistrate’s...

Unfinished pipeline impacts 7 000...

1 day - 20 March 2019 | Infrastructure

About 6 932 people and 33 790 large and 18 395 small stock units are facing thirst, as the agriculture ministry battles to finish the...

Apple unveils new iPad, updates...

1 day - 20 March 2019 | Technology

Sonam RaiApple Inc, in a surprise move on Monday, launched a new 10.5-inch iPad Air and updated its iPad Mini ahead of a March 25...

Climate change and productivity

1 day - 20 March 2019 | Agriculture

Climate change is a long-term change in climatic/weather patterns of the earth or region. Such change is observed in temperature and rainfall patterns, amongst others....

Palladium hits record high

1 day - 20 March 2019 | Business

Palladium surged to a record yesterday as the risk of a ban on some Russian exports added to supply concerns for the autocatalyst metal. Spot...

State supports non-compliant security firms

1 day - 20 March 2019 | Business

Employers and trade unions agree that one of the major issues facing the Namibian security services industry is that some government institutions continue to appoint...

Load More