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Pancontinental Oil & Gas commences 3D seismic survey offshore Namibia


Published Jan 20, 2014
Pancontinental Oil & Gas NL

Pancontinental Oil & Gas NL advise that a 3D seismic survey has commenced in Licence area EL 0037 offshore Namibia.

The 3D acquisition will be of approximately of 3,000 sq km and a second acquisition phase will cover approximately 1,000 km of 2D data. The total acquisition is expected take up to 120 days.

The survey is managed by the EL0037 Joint Venture operator Tullow Oil, using the seismic acquisition vessel Polarcus Asima.

Tullow Oil farmed-in to EL 0037 in September 2013 and subsequently identified a number of geological "Leads" to be covered by the 3D survey. Pancontinental retains a 30% free- carried interest through the surveys and one optional well to be drilled by Tullow.

Tags: Pancontinental Oil & Gas NL




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