ONGC has officially entered offshore Namibia, following the completion of its 30% stake deal of Namibia Petroleum Exploration License 0037 from Tullow. ONGC subsidiary ONGC Videsh completed the acquisition of 30% participating interest…
Africa Energy signed a multimillion deal with Pancontinental to take 33.33% stake in subsidiary Pancontinental Namibia (PNPL). Pancontinental will retain 66.67% of the issued capital of PNPL, which holds a 30% interest in the highly prospective license PEL 37…
Atlantic margin focused Chariot Oil & Gas is dropping out of two blocks offshore Namibia. The firms says it has elected not to enter into the First Renewal Exploration Period of the exploration licenses covering Blocks 2714A and 2714B…
Windfire Capital has signed a letter of intent with DMiner Asset Management to acquire 76.5% in a license offshore Namibia. Windfire will acquire the stake in license 0079, covering Blocks 2815 and 2915, through the acquisition of 91…
India's ONGC Videsh has signed definitive binding agreements with Tullow Oil to acquire a 30% stake in a license offshore Namibia, marking its entry into the Namibian offshore. Namibia Petroleum Exploration License 0037 covers Blocks 2112A…
Global Petroleum has contracted Seabird Exploration to acquire 834km of full fold 2D seismic data covering block (PEL 0029) offshore Namibia. The survey has been designed as an infill program with the aim of providing better delineation of an extremely large…
Tullow Oil is delaying plans to drill PEL-37 offshore northern Namibia, suggesting that further work is required to identify a drillable prospect. The drilling of the first exploration well was to start no later than 27 March, provided…
BW Offshore signed a farm-out deal to become operator of the Kudu license offshore Namibia with 56% stake. The company’s subsidiary BW Kudu will take over the license, with Namibian state-owned oil company National Petroleum Corp. of Namibia (NAMCOR) holding the remaining 44% interest…
Africa-focused independent explorer Impact Oil and Gas has raised US$12.3 million, which is plans to spend on subsurface work, including 3D seismic survey covering approximately 1900sq km, offshore Namibia. In Namibia, Impact Oil and Gas operates Blocks 2913B…
Two Namibia focused explorers have been granted permission to move into their next phases of exploration on blocks offshore Namibia by the country's authorities. Eco Atlantic has been allowed to move forward on licenses PEL 030 (Cooper Block)…
Chariot Oil & Gas completed its 3D seismic survey in Blocks 2312 & 2412A offshore Namibia, in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%). The survey comprised approximately 2600sq km of data and was conducted by PGS Exploration…
AziNam, the offshore Namibia focused exploration company, has announced that it has completed a 3D seismic survey on PEL 34, the Guy Block, offshore Namibia. The survey is located in the Walvis basin and was conducted by PGS Geophysical…
Atlantic margin focused explorer Chariot Oil & Gas has started a 3D seismic acquisition survey of approximately 2600sq km in Blocks 2312 & 2412A (the “Central Blocks”) offshore Namibia. The survey is being conducted by PGS Exploration…
Global Petroleum subsidiary Jupiter Petroleum has had its first license renewal period for offshore Namibia agreed. The First Renewal Period is for two-years, starting 3 December 2015, covering Petroleum Exploration License 29 covering blocks 1910B and 2010A in the Walvis Basin…
Polarcus and the National Petroleum Corp. of Namibia (NAMCOR) signed a memorandum of understanding (MOU) over exploration and development offshore Namibia. Under the terms of the MOU, Polarcus and NAMCOR will work together to identify…
