Namibia

The Ministry of Mines and Energy awarded a group led by HRT Oil & Gas Exploracao e Producao de Petroleo Ltd., Rio de Janeiro, the 2813A, 2814B, and 2914A exploration licenses off Namibia.

By OGJ editors
HOUSTON, May 17
– The Ministry of Mines and Energy awarded a group led by HRT Oil & Gas Exploracao e Producao de Petroleo Ltd., Rio de Janeiro, the 2813A, 2814B, and 2914A exploration licenses off Namibia.

License interests are HRT 40% and operator, Universal Power Corp., Calgary, 40%, and Acarus Investments (Pty.) Ltd. 20%.

The contiguous blocks total 3.78 million acres in the Orange basin west of the Kudu gas discovery. Universal holds 90% interest in blocks 2713A and 2713B to the north and Block 2815 to the east.

First phase of the new license lasts 4 years and calls for assembly, interpretation, and mapping of existing 2D and 3D seismic data followed by shooting new seismic. Other techniques may be employed that will add to detailed satellite oil slick detection, geotechnical, and geochemical field work that has already been done by or on behalf of Universal in the basin. Phases 2 and 3 are each renewable for a 2-year period and carry a commitment to drill one well during each phase.

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