GREY:ENGFF - Post by User
Post by
Columbus1494on Jul 10, 2011 6:02pm
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Post# 18815951
BP,Shell,Total interested in Namibian blocks
BP,Shell,Total interested in Namibian blocksIts expected that Chariot will anounce farm in partners for block 1811 this month.Its rumoured that BP and Shell
are interested and other sources mentiones Petrobras.It will be very good for 1711 if such companies enter 1811.
Imo they would also be interested in 1711.
FARM-OUT OPPORTUNITIES LURE BACK OIL MAJORS
Another find off Namibia's central coast called Delta Prospect, by Arcadia Expro (AEN) Namibia and British firm Tower Resources, contained recoverable resources of up to 2 billion barrels of oil, he said.
The companies are in the process of a farm-out campaign to help fund a drilling campaign for the block 0010.
Although Namibia is still at its exploration phase, the minister said he expects to see more activity from international oil majors.
"We also expect to see the return of international majors whom we will announce later, back to Namibia which will further improve the image of the country as a new petroleum exploration destination."
"Platts on Wednesday reported that BP and Shell had looked at acreage being offered by Chariot while Total was eyeing Arcadia's block."