Chevron joins license offshore Namibia as operator

Chevron Namibia Exploration Ltd., a Chevron Corp. affiliate, has agreed to a farm-in deal with National Petroleum Corporation of Namibia (Namcor) for an 80% interest and operatorship of petroleum exploration license 82 (PEL 82).

PEL 82 governs blocks 2112B and 2212A in Walvis basin, offshore Namibia. About 70% of the total block area is covered by existing seismic (3,500 km of 2D and 9,500 sq km of 3D data). Previous drilling activity on the license included the Murombe-1 and Wingat-1 wells. Results confirmed regional extension and presence of the Barremian-Aptianoil-prone source rock (Kudu shale). The Murombe-1 penetrated the Baobab sands with about 20% porosity. The Wingat-1 well recovered 38-41° API oil to surface.

Namcor and Custos Energy (Pty) Ltd. will each maintain a 10% carried interest in PEL 82, Custos  said in a release Apr. 29.