GREY:ENGFF - Post by User
Comment by
Columbus1494on Jun 29, 2013 5:54am
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Post# 21581056
RE:New operator for 1711
RE:New operator for 1711Wallywill,
The full exploration period for a block in Namibia takes 8 years.
Initial 4 years,renewal 2 years and another renewal 2 years.
The JV have to drill a well in the first 4 year period and a well in both of the renewal periods.
They also have to do 2,5 times more 3D seismic than Energulf earlier planned,that means 2,5 times higer cost for Energulf.