Exploration & Production

False start for Namibian upstream sector

Two dry wells have dented the prospects of Namibia revitalising its domestic oil and gas exploration Two dry wells have dented the prospects of Namibia revitalising its domestic oil and gas exploration.
By Felix Janvrin 16 October 2018 0 32915
Walvis Bay in Namibia. (Jeremy Hetzel/Flickr)

The revival of Namibia’s upstream sector has been dealt a fresh blow by the failure of two highly tipped offshore wells.

Tullow Oil announced on 24 September that its Cormorant 1 exploration well in the PEL-37 licence had failed to encounter commercial hydrocarbons. The spud – which Wood Mackenzie had highlighted earlier this year as one of 15 wells to watch in 2018 – was the first wildcat well in Namibia in four years and the country’s fourth dry well...