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Sintana Energy Inc V.SEI

Alternate Symbol(s):  SEUSF

Sintana Energy Inc. is a crude oil and natural gas (hydrocarbons) exploration and development company. The Company is engaged in petroleum and natural gas exploration and development activities on five highly prospective, onshore and offshore petroleum exploration licenses in Namibia, and in Colombia’s Magdalena Basin. The Company holds an indirect interest in the petroleum exploration license (PEL) 79 (Blocks 2815/2915) which is located in the northern Orange sub-basin off the south-west coast of Namibia. It also holds a portfolio of offshore petroleum exploration licenses (each a PEL), including a 15% limited carried interest in PEL 87; 10% limited carried interests in each of PELs 82 and 83, and a 10% limited carried interest in PEL 90. The Company also holds private participation interests of 25% unconventional (carried) and 100% conventional in the potential hydrocarbon resources of the 43,158 acres Valle Medio Magdalena 37 (VMM-37) Block in Colombia.


TSXV:SEI - Post by User

Comment by hikarion Oct 01, 2024 3:59pm
199 Views
Post# 36248940

RE:RE:Bose Update…

RE:RE:Bose Update…

Source: Namibia Mining and Energy

Harmattan Energy Ltd., a Chevron affiliate, has received an Environmental Clearance Certificate (ECC) from the Ministry of Environment, Forestry and Tourism to drill up to 10 wells in Namibia. The exploration programme includes drilling up to five exploration wells and five appraisal wells. The programme also covers Vertical Seismic Profiling (VSP) for future wells, well testing, and the plugging and abandonment of wells.

SLR Environmental Consulting (Namibia) (Pty) Ltd, which handled the environmental assessment, estimates that up to 150 local Namibians may be employed during the drilling campaign. “Since the majority of the workforce will comprise highly specialised skilled staff that will come in with the drilling unit, there will be minimal demand for local content and local employment outside of the use of local service providers for logistics, supply bases, helicopters, refuelling, catering, goods, accommodation, waste management, etc,” the consultant said.

These positions include drivers, stevedores, ground crew, ship agents, security guards, logistics, and freight forwarders. These personnel will be employed at the onshore logistics base or by the respective contractors. “While some jobs will be newly created to meet the increased demand for Govt clears Chevron to drill up to five exploration wells, five appraisal wells services, many of these jobs will be existing but sustained through new contracts with Harmattan.

Considering the inter-regional benefit, with people within the greater area being employed, and medium consequence, the residual impact is considered to be of moderate positive significance,” the documents note. The local spending for the 10 planned wells is expected to considerably impact the economies of Lderitz, Walvis Bay, Oranjemund and Windhoek.

The impact is expected to last approximately three years, the estimated duration for drilling the 10 wells. Despite the Namibian government approval, the oil major has so far committed to only one offshore exploratory well in Namibia’s Orange Basin in block 2813B, which is governed by Petroleum Exploration License 90 (PEL 90), with the well expected to be spud in the fourth quarter of 2024.

If you would like to be updated on the latest Namibia oil and gas news, visit www.namibiaoilandgas.com

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