Namibia and Angola energy officials tout potential of Namibe basin

Energy officials from Namibia and Angola Tuesday said they believe the Namibe basin holds potential deepwater resources comparable to the Gulf of Mexico and offshore Brazil. The largely unexplored basin is off the northern coast of Namibia and on the international boundary with Angola.


By the OGJ Online Staff


HOUSTON, Mar. 13
�Energy officials from Namibia and Angola Tuesday said they believe the Namibe basin holds potential deepwater resources comparable to the Gulf of Mexico and Brazil.

The largely unexplored basin is off the northern coast of Namibia and on the international boundary with Angola.

NAMCOR and Sonangol, the Angola national oil company, Tuesday outlined their joint study of common plays to representatives of US oil companies during a promotional seminar. Individual meetings with companies also were slated.

Joe Mazeingo, managing director of the National Petroleum Corp. of Namibia (NAMCOR), said, "We know for sure at least three levels of source rock exist."

Last year, Vanco Energy Co., Houston, signed an agreement with the government of Namibia, marking the first license awarded since the nation converted to an open bidding system in 1999.

"Anybody can come anytime and apply for blocks onshore and off," Mazeingo said. "Namibia remains relatively unexplored for hydrocarbons while good potential exists."

Vanco holds the only active license off Namibia except the one that contains the Kudu gas field in the Orange basin near the border with South Africa. Shell Namibia Exploration B.V. is developing Kudu field, which has reserves of 3 tcf.

Mazeingo said the basin has estimated resources of "more than 15 tcf."

Data from 2D seismic surveys show structural closures in syn-rift sequences as rotated fault blocks and drapes over half-graben hinge zones. Stratigraphic potential is also recognized in graben margin turbidites and carbonates, NAMCOR literature said.

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