About the Permit
Wittmeier holds an indirect interest in the PEL 79 license (Blocks 2815/2915) which is located in the northern Orange sub-basin off the south-west coast of Namibia.
Adjacent to the west is PEL 3, home to the Kudu gas field, discovered by the drilling of the Kudu-1 well in 1974 and delineated by seven subsequent wells. During 2023, BW Energy acquired 4600 km2 of 3D seismic across all of PEL 3 aimed at further developing the oil prospectivity on the block.
The Barremian Aptian source rock (Kudu shale) is mature and believed to be within the oil mature window across PEL 79. The initial interpretation of the block led to the identification of three potential targets. These targets have been identified at three stratigraphic levels; Upper Cretatceous deltaics and Lower Cretaceous deltaics; as the block is adjacent to the Kudu Field there is also potential for the extension of the Kudu trend in this block. The Syn-rift graben clastics play establishes a working petroleum system in the non-marine part of the syn-rift succession. The 2815/15-1 well, drilled by Chevron had gas shows. It also validated the succession of shale intercalated with thin fluvial deltaic sandstones.
In April of 2024, Galp successfully completed the first phase of the Mopane exploration campaign with the conclusion of the Mopane-1X well testing operations. The Mopane discovery further underscores the exploration potential for PEL 79.
Highlights
- PEL 79 sits outboard and east of PEL 3 (BW Energy – Kudu), PEL 85 (Rhino Energy) and PEL 39 (Shell).
- There is significant existing 2D and 3D as well as on-block well data.
- The Kudu gas field holds proved reserves of 1.3 TCF (or 220 Mboe) with a further potential of 3-9 TCF.
- The Mopane discovery in the acreage immediately west of Kudu is beneficial for prospects on PEL 79.
- Rhino Energy has applied for a 10 well permit with plans to drill 2 wells in Q4, 2024.
- Adjacent to Shell’s largest commercial find (Graff-1) and Venus Discovery by TotalEnergies.
| Partners | Participation Interest |
|---|---|
| Namcor (Operator) | 67% |
| Giraffe* | 33% |
* Effective Interest – On April 24th 2024, the Company acquired 49% of Giraffe Energy Investments (Pty) Ltd. resulting in an effective interest to Wittmeier Oil & Gas Engineering in PEL 79 of 16.5% interest.
PEL 79 Snapshot
| Location | Upper Orange Basin |
| Area | 13,829 km2 |
| Water Depth | 0m – 210m |
| Grant Date | 01-July-15 |
| Licence Term | 5 years + 1 year extension + 2 renewal terms of 2 years |
| 2D Seismic | 4760 km |
| 3D Seismic | 1137 km2 |
| Nearby Wells | Mopane-1X, Mopane-2X (2024) Kudu Gas Field (BW Energy) 2815-15/1 (Chevron 1996) |