Offshore staff

MELBOURNE, Australia – Global Petroleum has issued an updated prospective resource estimate for PEL0094 (block 2011A) offshore Namibia.

This follows interpretation of a 3D seismic data survey recently licensed from Namibian state oil company NAMCOR, which also holds a carried interest of 17% in the license: Global operates with a 78% interest.

Analysis suggests a potential 881 MMbbl in two prospects, Marula and Welwitschia Deep.

The Marula prospect is a distal pinchout of Cretaceous sandstones onto the Welwitschia high. Global’s interpretation shows an amplitude anomaly, the down-dip edge of which conforms with structure, and this has increased the geological chance of success of drilling from 8% to 18%.

Welwitschia Deep is an Albian carbonate reservoir prospect with an estimated geological chance of success of 17%.

07/23/2020