Offshore logo
Tower prepares to drill on 9 bn barrel prospect
Posted 30.07.2012 10:38:04 av John Bradbury
Vis RSS feed
Send nyhet til en venn
African explorer Tower Resources is nearing the point where it will be ready to drill the giant Delta prospect in Namibia which is estimated to contain 9 billion barrels of oil.

Today Tower published its half year results saying that with Repsol now on board as block operator for the 0010 licence area where the Delta prospect is located, work is underway to source a rig for drilling the giant prospect.

“The quality of the licence, which includes the Delta prospect with gross unrisked potential of 9 billion barrels, is set out in detail in last year's CPR [competant person's report],” noted Tower chairman Jeremy Asher.

The CPR was completed in June 2010 by Oilfield International Consultants, suggested Delta could contain 9 bn barrels of oil and 14.5 trillion cubic feet of gas.

Repsol has just farmed into the 0010 licence area, taking 44% and has become operator.

“This potential is heavily underscored by Repsol's entry: Their rigorous due diligence work provides further validation, by one of the world's foremost Atlantic margin drilling experts, of the technical work already completed,” Asher added in the company's results tatement today.

He said Repsol is currently looking at a variety of rig options, while also consulting with the Namibian government, Arcadia and Tower.

Repsol entered the 0010 licence area in June, with 44%. Previously the licence was operated by Arcadia Petroleum with 85%, and Tower held the remaining 15% equity. The deal leaves Arcadia with 41% and Tower 15%, although Tower also had a carried interest, through a first and optional second exploration wells on the licence area, which were unaffected by the transaction. And the company has recently increased its equity in the licence from 15% to 30%.


Advertisement
Latest news

Asset integrity expertise bought

British-based engineering expertise has been bought up by Norway's Aker Solutions to boost its integrity analysis for oil and gas assets.

[Les mer ] Company news

Sound signals big Italian gas

London-listed Sound Oil has logged a big new gas find in Italy.

[Les mer ] Exploration

Aker anchors new accommodation unit

A new offshore accommodation unit under construction in China is to be fitted with a mooring system supplied from Norway.

[Les mer ] Contracts

Big gas at Bianchi 1

Austria's OMV has reported a major new gas find while drilling offshore Australia following on from its earlier Zola discovery.

[Les mer ] Exploration

New drilling near Johan Castberg

Swedish explorer Lundin Petroleum has kicked off a new exploration well in the Norwegian sector of the Barents Sea.

[Les mer ] Exploration

Irish data acquisition underway

Seismic data acquisition has kicked off on a newly allocated Irish Frontier Exploration Licence.

[Les mer ] Exploration

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
Stahl-Syberg A/S Logo

Stahl-Syberg A/S

Supplies a total concept for explosion protection from R.Stahl, a world leader in the field of electrical and electronic equipment. Agent for Hawke and Schniewindt.

Se profil | offshorex.no
BERGEN GROUP SERVICES AS Logo

BERGEN GROUP SERVICES AS

Bergen Group Services is a strong services partner with multidisciplinary experience, competence and knowledge. The facilities are in central Bergen, our services are also provided on site. We carry out most offshore and vessel maintenance, repairs, modifications and overhaul. In addition we do diesel engines with our own engine test centre, including other rotating machinery. We also design, prefabricate and install steel and piping structures, machining and welding.

Se profil | offshorex.no
GLAVA AS Logo

GLAVA AS

Glava AS er et norsk privateid industriselskap med hovedkontor i Askim, produksjonsanlegg i Askim, Stjørdal og Spydeberg. Salg, markedsføring og kundeservice er organisert sentralt i Oslo og med lokale representanter i hele landet.

Se profil | offshorex.no
Marwin Løfteteknikk AS Logo

Marwin Løfteteknikk AS

Marwin Løfteteknikk AS is exclusive dealer for Slingmax products in Scandinavia. A high end range of rigging solutions featuring their Twin-Path fibre sling; low weight, extreme braking load. Marwin Løfteteknikk AS are also authorized dealer for Dillon, the world leader in dynamometers since 1937.

Se profil | offshorex.no
GOODTECH PROJECTS & SERVICES AS Logo

GOODTECH PROJECTS & SERVICES AS

Goodtech Projects & Services har 75 ansatte i Bergen og kompetanse innen automasjon, kraftsystemer, og integrerte operasjoner. Vi har partneravtale med Siemens og Aspentech. Vår viktigste kunde er Statoil og prosjekt er Prosess data portal (PDP).

Se profil | offshorex.no
OFFSHORE.NO AS Logo

OFFSHORE.NO AS

Nordens største nyhetsleverandør til olje- og gassbransjen.

Se profil | offshorex.no
Tips oss
Kontakt oss
Offshore.no AS
Annonsere
Ansvarlige
Sjefsredaktør: Erlend Keilen
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.
Copyright Offshore.no AS