LONDON — Tower Resources has issued updates on its exploration activities offshore southern Africa in its latest trading statement.
This summer the company expects to complete a program of basin modeling over its three blocks offshore Namibia, integrating all available well information and seismic data to improve understanding of the subsurface better and prioritize various leads.
The blocks span a total area of more than 23,297 sq km (8,995 sq miles).
Three distinct reservoir sections are thought to contain potential recoverable resources of 1.4 Bboe, comprising a shallow section (470 MMboe), a deeper slope section (231 MMboe) and a basin floor fan section (710 MMboe).
In the second half of last year, the focus switched to preparations for acquiring further 3D seismic over the deepwater prospective area.
However, unresolved environmental issues delayed another survey in adjoining acreage, so the partners agreed to defer the 3D seismic acquisition until these issues could be addressed.
Farmout discussions continue for the block.