Tullow Begins Seismic Survey Offshore Namibia

Tullow has kicked off a 3D seismic survey offshore Namibia, using the seismic acquisition vessel Polarcus Asima.

According to Pancontinental Oil & Gas NL, Tullow’s partner in the EL 0037 licence 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.

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.

[mappress]
January 17, 2014