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Tuesday, July 25, 2017
Global Petroleum reported on its license in Namibia in its latest quarterly report. The company’s Petroleum Exploration License covering two blocks, 1910B and 2010A in the Walvis Basin offshore Namibia, was extended in December 2015 into Phase 2, which is for a duration of 24 months with a reduced minimum work program.
In place of the previous well commitment in Phase 2, the company undertook to reprocess and re-interpret previously acquired 2D seismic data, and to shoot 800 km of new 2D data. Following the reprocessing and evaluation of the historic 2D data, Global reported that during the reporting period that it had entered into a contract with Seabird Exploration of Norway in order to acquire 834 km of full fold 2D seismic data over its blocks.
The seismic survey was duly carried out, and successfully completed post the end of the reporting period.
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