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Just spotted the Ocean Rig Poseidon traveling south from Angola
Worth keeping this one in sight
Nordic Explorer PEL45 currently imo Azinam/M&P
As long as they have the money to get that drillbit into the Albian/Aptian I don't care who :-)
Absolutely it all adds up and whats more, no sense of panic from the Peters what so ever
It would not be a surprise if the are dealing with a Major, combined with Azimuth/AziNam
A lot happened around the NAMPOA admission incl stellar termination, additional % on top of the share norm, licence addition 94, info on potential farm ins awaiting result of Cormorant, wavering of 25% on 29, inclusion from Azinam on a presentation for the first time, now farm in approaches, new ideas, thief channels and so on.. So much has happened and i'm hoping we will all say 'ah, of course.. why didn't we see that' very soon.
Funny you should say that, just had a reply from the very people
Namibia Petroleum Operators Association (NAMPOA)
"We couldn’t agree more XXXX. Interests have rightfully picked up and a few more wells will be drilled in 2020. We believe it is only a matter of time to a discovery in Namibia."
I just keep thinking NAMPOA.. We are now in the club..
The Azinam presentation was for the Namibian Oil & Gas Conference 23rd April 2019
That date works with GBP's quarterly announcement, that the company started farm-out talks in the second quarter
Could it be ????
The AziNam presentation shows on slide 7, a line up of wells, Osprey (PEL30), Channel 2 (PEL44), Prospect W (PEL71), Wolf S/Africa, Marula S/Africa, Target 5 & 6 are in negotiation (as per slide 4), Fan 7 not sure as yet what that is
PEL50 & 45 I don't think are drill ready as yet, so PEL44 is the only adjacent up coming well imo to Char's block 71
http://www.azinam.com/wp-content/uploads/2019/04/Azinam_NamibiaOGconference_UU_APR2019.pdf
So, Osprey and Channel 2 are penciled and if you count the lined up wells on slide 7 and miss out Prospect W, (which I think will be way down the line) that corrects the list and has target 5&6 in order.
However where are the two target wells 5&6 ? As they are under negotiation are they on new blocks, with a new partner ???
Scratching my head a little bit.. it could be 44,45,50 or 81?
I've added the map for ease of reference but the Char web may be a clue to what is important to them and suggests 44 or 45?
http://namibiaoilandgasconference.com/wp-content/uploads/2019/03/Lic_Map_31102018-1.pdf
https://www.chariotoilandgas.com/operations-overview/namibia/
Chars view of the licences?
Primary most expected drills would be PEL30 and PEL44. the latter being adjacent to Char
Was Maurel & Prom in the list of drills in 2020? It could be ECO in PEL 50? I doubt its Sungu Sungu in PEL 81
Chariot continues desktop work to evaluate its Namibia acreage whilst integrating the findings of the Prospect S well (drilled in late 2018). It also highlighted that other operators are due to drilled offshore Namibia in 2020, including one in a block adjacent to Chariot’s.
https://www.proactiveinvestors.co.uk/companies/news/903424/chariot-oil--gas-highlights-balance-across-portfolio-as-it-advances-morocco-development-project-903424.html
Yes, I agree, I think Seapulse/ECO/Azinam/Azimuth/Lundin.. a clear link for drilling wells.
Could be, hard to be exact , but gives a general area
Interesting Alice Carroll moved across to Eco this month from Azimuth, makes me wonder if the two companies are about to have a closer alliance
From the Azinam website
A combination of heightened industry interest in the country and wells planned in 2019 and 2020, coupled with recent licensing and exploration activity in geologically analogous regions within the South Atlantic margins, including the Falkland Islands, Brazil, South Africa and Angola, has made the region one of the most attractive potential hydrocarbon provinces the globally.
Azinam’s three-year business plan includes the objective of drilling eight high-impact, multi-billion barrels of oil potential wells offshore Namibia and South Africa, thoroughly testing the margin’s potential and exploiting low drilling costs.
Looks around PEL 47ish to me? Serica?
Cowan Oil & Gas farmed out to Murphy Oil Corp & OMV. Murphy is now the operator
Just noticed Alice Carroll, used to work for the Azimuth Group/Seacrest, now works for ECO. Azinam part of the Azimuth group, own 3% of ECO
https://www.linkedin.com/in/alice-carroll-614a1573/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAA-iXjABroXqMNEjfkzHSzRrgVKPzCa6cY0
Thats wrong, the NE is across from Luderitz Bay, which would be in line with PEL46 Cowan OIL & Gas?
Link shows the blue ship on the map is the Nordic Explorer if you click on it and then past track, it is carrying out it's survey
Could be PEL33 . PEL33 was a double block and still show as such, but had 50% relinquished (eastern side) As per the ECO website
https://www.marinetraffic.com/en/ais/home/centerx:13.5/centery:-26.6/zoom:8
It's a Wednesday tomorrow and a good time for release of the Annual Report. Worth checking the ASX tonight on a late shift for any signs of news.
Seems an opportunity for consolidating the area GBP,TRP,ECO and Oranto, all back to back blocks
The area held has massive potential barrels of scale and could be entered at a a huge discount to create a production hub
Two or three majors could swallow this up. Exxon have taken blocks either side of the border in the Namibe basin small share in two blocks in the Walvis basin, they obviously are seeing something.
Do they want more and are the others going to sit on the fence and watch ??
Perhaps bit under the radar but what about Roseneft/Oranto and PEL 43 to our south..
According to the agreement, the two companies will collaborate on further exploration and development of assets across the continent, in particular with relation to Oranto's existing portfolio, acquisition of new assets, gas monetization schemes and implementation of refining, commerce and logistics projects.
https://www.aa.com.tr/en/energy/natural-gas/rosneft-oranto-to-cooperate-on-energy-projects-in-africa/20219
Thanks Investor, Namibia being taken seriously now. As has been said before all the premium blocks have been taken and buy out or farm out is the only options to take a position
Namibia
Luderitz Basin: Blocks 2512A, 2513A, 2513B and 2612A (part), Serica 85%
Serica is running an active farm-out process with an open data-room and a number of oil and gas companies are reviewing the opportunity to drill an exploration well on the licence. Recent drilling results offshore Namibia have strengthened the case for drilling the giant Prospect B, Serica's highest ranked prospect on the blocks. Evidence points towards a regional seal rock that would trap migrating hydrocarbons, thus benefitting deeper prospects. Prospect B lies below the seal rock and in close proximity to prognosed rich oil-generating source rocks, making it an ideally placed prospect.
RNS - Serica Energy 24 September 2019
In Namibia, ECO has 4 large oil blocks, all have been worked up and two are drill ready. They are in the process of farming out the blocks. Total, Shell, and Exxon are among the majors that have taken positions off-shore Namibia. There will be 3 or 4 wells drilled there over the next year or so. Azinam, Eco’s partner and a subsidiary of Seacrest are planning two wells, one of which hopefully will be on Cooper, a block they share with ECO. I expect some news here in terms of a farm-in partner and firm drilling plans within the next 6 months.
https://total-market-solutions.com/2019/09/17/eco-atlantic-oil-gas/
Someone else thinks PEL30 is going to be one of the first wells to be spud in the up coming wells . Gils time lines are much closer than in this link. But we are more interested in our deal in any case ;-)
The number of wells will be more than stated above, two Seapulse/Azinam/M&P/Exxon, two Galp/Exxon, two Shell/Kosmos, one Total
“We are very pleased with the award of this vessel of opportunity contract from Nabirm, which further strengthens our belief that we are well placed to deliver significant value to customers operating offshore Africa, and that the importance of the African market will increase going forward.We are working on developing a 2020 multi-client campaign offshore Namibia, which will allow us to deploy a vessel to the region.”
http://www.emgs.com/content/1774/Proprietary-acquisition-for-Nabirm-Global-LLC--