Operations
Namibia project
Blocks 1910A, 1911 and 2011A
Blocks 1910A, 1911 and 2011A cover an area of approximately 23,000 sq km offshore Namibia, in water depths ranging from 200 to 3,000 metres. The retained Licence area after a relinquishment of approximately 50% in 2009 is about 12,000 sq kms. The retained area contains the Alpha, Gamma and Delta structures which, collectively, now have the potential to contain more than 15 billion barrels of recoverable reserves. An independent Competent Person's study completed in 2010 had estimated a total resource potential of 9.6 billion barrels of oil equivalent if the area proves to be mainly oil prone and a recently updated CPR (June 2011) incorporating 3-D seismic data has increased that best estimate to 15.5 billion barrels of oil equivalent. CGG Veritas completed a 1,600 square kilometre 3-D seismic programme across the Delta prospect in September 2010 and interpretation was completed in May 2011. A first well is being planned for early 2012. Continued
