NAMIBIA –
CURRENT DEVELOPMENTS
Roger Swart
NAMCOR (Pty) Ltd
Oil Africa 2006
Cape Town
23rd March 2006
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Presentation outline
Kudu gas to power project
Other current exploration players
- Hunt Oil
- BHP Billiton
- Neptune Petroleum
- Greendale Universal Holdings
- First African Oil Corporation/Circle Oil
- INA Industrija Nafte
- Block 1711
Conclusion
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Kudu licence area
• Water depth 170m
• Reservoir depth 4400m
• On Orange Banks
• Reservoir – interbedded
with volcanic rocks
Kudu Production
Licence 001
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Kudu gas field history
Discovery 1974 (Chevron/Regent/Soekor)
Exploration License award:
6 May 1993 (Shell, EA, )
Petroleum Field declared: 21 July 1997
Production License awarded on 31 August
2005
Tullow Oil (90%), Namcor (10%)
2 wells planned for 2007
Kudu
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Kudu – current concept
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Construction challenges
Weather
swell
offshore winds
Remote location
Dynamic surf zone
Coastal fog
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Swell
Typical conditions February-March
2006, the so-called “weather window”
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Winds
Effect - Onshore
terminal and power
plant
Seasonal – winter
But…
SW is the dominant
wind direction
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Remote location
170 km to Oranjemund
800 km to Windhoek
800 km to Cape Town
Diamond coast
Windhoek
.
Kudu
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Dynamic surf zone
Problem for
pipe laying
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Coastal fog
Satellite image of
coastal fog
Corrosion an issue
High sulphur content
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Licensed acreage at end of 2005
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Hunt Oil Company
Large sized US Independent
Converted reconnaissance licence to
exploration licence on 23 August 2005
4 year licence in Lüderitz basin
Namcor holds a 10% carried interest
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BHP Billiton
Awarded 2 exploration licences on 23 August 2005
South of Kudu licence (Southern block) and block
west of Kudu licence (Northern block)
Parts of northern block overlapping with Kudu
Production Area
First stratigraphic delineation of acreage in Namibia
Provides win-win solution
3D seismic campaign underway
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Neptune Petroleum
2 year exploration licence awarded 23
August 2005
Currently interpreting seismic
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Greendale Universal Holdings
Received 2 exploration licences on 27
October 2005 (17 166 km²)
Blocks 1811 A&B, 2714B
Seismic interpretation phase
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Circle Oil
First post-independence onshore
licence (Owambo basin)
Largest acreage ever (138 963 km²)
Full exploration license on 17
November 2005
Namcor cosignatory with 10% stake
Well commitment
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INA Industrija Nafte
Croatian NOC
Exploration license on 23 November
2005
Second onshore licence to be awarded
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Block 1711
Block relinquished by Vanco
Acreage with highest potential so far
Received several applications for
licence
Finalising negotiations
Local BEE participation included
Namcor to take up stake
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Conclusion
Kudu development imminent
Namibia set to join petroleum
producers club
Other exciting developments
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