THE Ministry of Mines and Energy has announced the commencement of the drilling of the Cormorant-1 well by Tullow Oil on the Namibian offshore site at Walvis Bay.
Deputy mines minister Kornelia Shilunga confirmed this during a media briefing on Wednesday.
The well will test the oil potential of Namibia, during which Namibia will be actively participating and monitoring the drilling campaign.
“The drilling and evaluation of the well is expected to take about 34 days, and the ministry will announce the drilling results upon completion,” Shilunga stated.
This, according to the deputy minister, is one of the government's measures put in place in an effort to discover and produce its own crude oil.
According to previous media reports, the Cormorant-1 well is being drilled by the ocean rig Poseidon, a sixth-generation drillship, in 545 metres of water, to a total depth of 3 830 metres subsea.
Additionally, the Cormorant well has an estimated prospective recoverable resource potential of 124 million barrels of oil, and if successful, would open a fairway of similar fans, potentially creating a substantial spread of resources across petroleum exploration licence (PEL) 37, the reports suggested. – Nampa