Offshore Namibia 3D review strengthens confidence in two prospects

July 23, 2020
Global Petroleum has issued an updated prospective resource estimate for PEL0094 (block 2011A) offshore Namibia.

Offshore staff

MELBOURNE, AustraliaGlobal Petroleum has issued an updated prospective resource estimate for PEL0094 (block 2011A) offshore Namibia.

This follows interpretation of a 3D seismic data survey recently licensed from Namibian state oil company NAMCOR, which also holds a carried interest of 17% in the license: Global operates with a 78% interest.

Analysis suggests a potential 881 MMbbl in two prospects, Marula and Welwitschia Deep.

The Marula prospect is a distal pinchout of Cretaceous sandstones onto the Welwitschia high. Global’s interpretation shows an amplitude anomaly, the down-dip edge of which conforms with structure, and this has increased the geological chance of success of drilling from 8% to 18%.

Welwitschia Deep is an Albian carbonate reservoir prospect with an estimated geological chance of success of 17%.

07/23/2020