Tullow Oil has concluded terms for a new Petroleum Agreement with Namibia’s Ministry of Mines and Energy concerning the offshore Kudu gas field.
Offshore staff
LONDON -- Tullow Oil has concluded terms for a new Petroleum Agreement with Namibia’s Ministry of Mines and Energy concerning the offshore Kudu gas field.
A revised 25-year production license should be issued later in 1Q 2011.
Tullow, on behalf of its partners NAMCOR, Gazprom International, and Itochu, has also completed a concept selection study for the offshore development of Kudu. It is now entering into technical integration discussions with NamPower to optimize design concepts of both the offshore facilities and the onshore Kudu power station. Parallel discussions are under way with NamPower concerning gas supply agreements and for the 800 MW power station. Tullow aims to start detailed design of the offshore development this spring.
