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Southern Africa-focused Global Petroleum LON:GBP said interpretation of SD seismic data over a licence offshore Namibia has now been completed and the group is looking for a partner to further develop its interests there. Global holds an 85 percent participating interest in Petroleum Exploration Licence 29 for blocks B and A, covering a total of 11, square kilometres in water depths ranging from 1, to 3, metres. It has now received the of ly delayed interpretation of data from the s which has confirmed the presence of structures A and B, whilst also revealing some further potential le.
It has started looking for a partner for the next phases of exploration activity on its acreage, commencing with 3D seismic. Elsewhere, Global holds a 30 percent interest in the Juan de Nova permit, covering 9, square kilometres in water depths ranging from to metres, to the east of Juan de Nova Island in the Mozambique Channel.
Operator Wessex Exploration LON:WSXwhich holds a 70 percent interest in the permit, has completed the reprocessing of historic 2D data, and the partners plan to shoot new 2D seismic as soon as practicable.
Chief executive Peter Hill said: "Our participation in these two areas has high potential and the increasing presence of a of the world's largest oil and gas companies in these provinces underpins our confidence. The firm plan to drill to convert inferred resources within the White Rock and Engine Zones into Registered in England with Company Registration You can here.
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