Petroleum Africa
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Thursday, July 4, 2013
Hydrocarb Energy launched its high-resolution gravity and magnetics survey over its exploration concession in the Owambo Basin in northern Namibia. The survey will be flown by UK-based Bridgeporth Ltd. and will cover Blocks 1714A, 1715, 1814A, 1815A. The 21,200 sq km concession extends from the northern border of Etosha Park to Angola.
Less than 15% of the concession is covered by a vintage 2D dataset. The survey will be flown at much higher spatial resolution than previous surveys, enabling Hydrocarb to delineate the structural setting and depth to basement model of the Owambo Basin with more accuracy. This survey will be followed by a regional modern 2D seismic data acquisition in H1 2014.
Pasquale Scaturro, president and COO of Hydrocarb, stated, “We are looking forward to working with Bridgeporth and their experience in challenging areas throughout Africa was a key factor in our selection. Hydrocarb is eager to begin this phase of our work program as previous field studies indicate the existence of an active petroleum system in the Owambo Basin. We hope this is the next step in the opening of Africa’s newest petroleum province.”
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