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SEUSF on fire today , to the moon , heeck the sun .
jmho
News from another board Galp Energy
Galp Energia SGPS S A : Update 5 on Namibia exploration
April 21, 2024 at 06:42 pm IST
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Galp (80%, operator), together with its partners NAMCOR and Custos (10% each), has successfully completedthe first phase of theMopane exploration campaign with the conclusion of the Mopane-1X Well Testing operations.
The Mopane-1X well discovered, in January, significant oil columns containing light oil in high-quality reservoir sands at two different levels: AVO-1 and AVO-2.The rig then moved to the Mopane-2X well location, where in March significant light oil columns were discovered in high-quality reservoir sands across exploration and appraisal targets: AVO-3, AVO-1 and a deeper target. In particular, the Mopane-2X well found AVO-1 to be in the same pressure regime as in the Mopane-1X discovery well, around 8 km to the east, confirming its lateral extension.
The reservoirs log measures confirm good porosities, high pressures and high permeabilities in large hydrocarbon columns. Fluid samples present very low oil viscosity and contain minimum CO2 and no H2S concentrations. The flows achieved during the well test have reached the maximum allowed limits of 14 kboepd, potentially positioning Mopane as an important commercial discovery. In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher.
All acquired data from the current Mopane drilling campaign will be analysed and integrated into an updated reservoir model. The model will serve as the basis to refine Galp´s near-term drilling plan to further explore, appraise and develop the wider Mopane complex
jmho
100 % cortrect
PEL 83 Exploration Campaign Update 4 - New Significant Light Oil Discovery & Successful Appraisal at Mopane-2X
V.SEI | 15 hours ago
TORONTO, March 14, 2024 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as the one of the world’s most prospective oil and gas regions. The blocks are governed by Petroleum Exploration License 83 (“PEL 83”) which is operated by a subsidiary of Galp Energia (“Galp”) of Portugal. Sintana maintains an indirect 49% interest in Custos Energy (Pty) Ltd. (“Custos”), a 10% working interest owner in PEL 83. NAMCOR, the National Petroleum Company of Namibia, also maintains a 10% working interest.
Map of region
We refer to press releases from Galp (available at galp.com) and Custos (available at newsdirect.com) noting that further to previous updates provided in January, Galp, together with its partners NAMCOR and Custos, has successfully drilled the Mopane-2X well to its designated depth on PEL 83.
Drilling operations encountered a significant column of light oil in reservoirs of high quality.
The AVO-3 exploration target, the AVO-1 appraisal target and a deeper target were fully cored and logged.
The AVO-1 appraisal target found the same pressure regime as in the Mopane-1X discovery well located approximately 8 km to the east, confirming its lateral extension.
The rig will now return to the Mopane-1X well location to conduct a drill stem test until early April.
Galp will continue to analyze the acquired data during the coming weeks to assess the commerciality of the discoveries.
PEL 83 is located immediately north of PEL 39 home to Shell’s basin opening discoveries at Graff-1, La Rona-1 and Jonker-1. Additionally, it is located north and east of PEL 56 where TotalEnergies announced its giant oil discovery at Venus-1.
“The continuing success of the exploration campaign further demonstrates the scope and potential of PEL 83. We extend our further congratulations to our partners Galp and NAMCOR.” said Knowledge Katti, Chairman and Chief Executive Officer of Custos. “This is another significant milestone for Custos positioning us for further growth and continued success underpinned by our unmatched position in the heart of the basin.” he added.
“The announcement of another significant discovery and the appraisal success at the upper target is further testament to the hard work and dedication of the partners involved, as well as another demonstration of the potential for further growth in our oil industry. With this discovery, we are one step closer to harnessing the full potential of this campaign.” said Maggy Shino, Petroleum Commission for the Ministry of Mines and Energy. “We are proud to have achieved this milestone.” she added.
“This third light oil discovery in the Mopane complex and the appraisal results at the AVO-1 reservoir 8 km away from the 1X location provide further evidence of the scale and quality of our exploration portfolio held through our local partners, including Custos. We continue to be reminded of the timeliness of our entry into Namibia with the ongoing progress and success.” said Robert Bose, Chief Executive Officer of Sintana. “We extend our further congratulations to the joint venture partners on this additional success.”
ABOUT SINTANA ENERGY:
The Company is engaged
jmho
Oil Seeps...
https://www.linkedin.com/posts/cl%C3%A9ment-blaizot-297192129_mopane-namibia-orange-activity-7165384392289292288-qhf0/?utm_source=share&utm_medium=member_desktop
Here's is a temporal close up over #mopane area, Orange Basin, Namibia.
Historical baseline (1990-2010) with potential oil seeps detected by satellite in time-lapse, colored by 3 years' period.
A pronounced seep repetition (seep anomaly) can be found in between Cullinan and PEL90 prospects.
Not at all the only sweet spot regarding oil seeps in Orange, with plenty of other similar anomalies.
Let's hope for a back to back strike at Mopane 2 for Galp Sintana Energy Inc. (TSXV: SEI) (OTCQB: SEUSF) NAMCOR NAMIBIA and good luck to all operators involved in the vicinity.
From a poster on another board
jmho
whats the news????????
News out
we hit crude oil
jmho
End of 2023 review of Sintana Energy
Year End Review & Outlook
Since the basin opening Graff and Venus discoveries in February of 2022 by Shell and TotalEnergies respectively, the potential of the Orange Basin in Namibia has continued to emerge.
Officials at Namibia’s Ministry of Mines and Energy and NAMCOR, Namibia’s national oil and gas company, estimate that at least 11 billion barrels of light oil-in-place and up to 8.7 trillion cubic feet of gas-in-place have been discovered by Shell and TotalEnergies over the past 20 months.
Specific notable events in 2023 for Sintana included the following.
Petroleum Exploration License 83
(“PEL 83”)
Initiation in November of a two well drilling campaign, including an optional drill stem test.
Petroleum Exploration License 87 (“PEL 87”)
Entry in March by a subsidiary of Woodside Corp. (“Woodside”) into an agreement whereby in exchange for financing and completing a 5,500 square kilometer 3D seismic program, Woodside would earn the option to become operator with a 56% working interest. Additionally, Woodside will carry the existing working interest owners, including Sintana’s local affiliate, on an initial exploration campaign. Woodside ultimately acquired 6,600 square kilometers of 3D seismic data which was completed in May 2023. Initial fast-tracked results were delivered in Q3 2023.
Petroleum Exploration License 90 (“PEL 90”)
Completion in March of the acquisition of 6,500 square kilometers 3D seismic data by an affiliate of Chevron Corp. (“Chevron”) in March.
In November, the application by Chevron to the Ministry of Environment, Forestry and Tourism for the Republic of Namibia for an Environmental Clearance Certificate which would provide for the drilling of up to 5 exploration and 5 appraisal wells.
The Company expects substantial exploration and evaluation activities to occur throughout 2024, both on and around our offshore blocks including:
Completion of the initial two well drilling campaign by Galp on PEL 83 in Q1.
Delivery of the final results of the 3D seismic analysis by Woodside and the triggering of its option to become operator of PEL 87.
Initiation of a drilling campaign on PEL 90 by Chevron in Q4.
Additional exploration and appraisal activity by both Shell and TotalEnergies in the Orange Basin on their respective blocks which immediately offset blocks in which Sintana has indirect interests.
“The numerous catalysts expected in the coming quarters will provide a number of opportunities to further assess and substantiate the multi-billion barrel potential of the Orange Basin in Namibia,” said Robert Bose. “Specifically for Sintana, we look forward to the progress of drilling and other exploration activities on our blocks unveiling the quality and opportunity associated with our unmatched position in the heart of the basin,” he added.
Management Update
Effective January 1, 2024, Robert Bose will assume the role of Chief Executive Officer and relinquish his role as President. Doug Manner, currently CEO, will assume the role of President. Both Mr. Bose and Mr. Manner will continue to serve on the Company’s Board of Directors.
Incentive Awards
The Company reports that its Board of Directors has approved grants of a total of 5.3 million incentive common stock options to several directors and officers of the Company and four other parties. The options have an exercise price of $0.27, vest in three equal tranches over the next 24 months and will expire on December 19, 2033.
ABOUT SINTANA
The Company is engaged in petroleum and natural gas exploration and development activities on five large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia, and also in Colombia’s Magdalena Basin.
On behalf of Sintana Energy Inc.,
“Douglas G, Manner”
Chief Executive Officer
For additional information or to sign-up to receive periodic updates about Sintana’s projects, and corporate activities, please visit the Company’s website at www.sintanaenergy.com."
https://sintanaenergy.com/news-release/year-end-review-2024-outlook-management-changes-and-2023-incentive-
https://www.namibian.com.na/hercules-oil-rig-arrives-at-walvis-bay/
Hercules oil rig arrives at Walvis Bay
H I G H LY E F F I - CIENT’ ... The Hercules semi-submersible oil rig has arrived at the coast. The rig, which boasts a stateof- the-art, highly efficient drilling system, will drill in PEL 83.
By
Suzie Shefeni
8 November 2023
The National Petroleum Corporation of Namibia (Namcor) welcomed the arrival of the Hercules semi-submersible rig last week.
The rig arrived at Walvis Bay last Tuesday.
Namcor spokesperson Utaara Hoveka said the company welcomes progress towards the exploration of oil reserves in Namibia.
“This is a positive build-up to the oil discoveries already made, and an opportunity to potentially further discover more oil reserves on Namibian territory.
“As the country is largely underexplored, we see every exploration activity as an opportunity to gain insight in Namibia’s hydrocarbon prospectivity from well data to be acquired, which would ultimately amplify potential hydrocarbon discoveries in future,” she said.
The Hercules rig has been contracted by Galp Energia, operating in a consortium with Namcor and Custos Investments.
Galp holds an 80% interest in the project, while Namcor and Custos Investments both hold 10% shares individually.
The rig will explore offshore in the Petroleum Exploration Licence 83 (PEL 83) area. The exploration zone is located in the Orange Basin, 150km off the Namibian coast.
The Hercules rig has been contracted for 115 days. The contracting period will cover two well explorations and optional well testing. The initial target will be the Mopane complex at the southern end of PEL 83.
Custos Energy is owned by Namibian entrepreneur Knowledge Katti, who has a 51% share in the company.
Katti noted the significance of the Mopane complex in a press release from Custos Energy.
The oil-in-place estimations show that Mopane may contain 10 billion barrels of oil.
“Mopane represents one of the most significant and attractive known opportunities in the basin today. The significant prospectivity of PEL 83, together with its relatively shallower water depth position it to be one of the most significant and profitable developments in the Orange Basin,’’ Katti said.
The basin is one of the world’s most prospective oil and gas regions.
It is the site of several appraisal and exploration wells operated by Shell, including Jonker-1X, Venus-1X and Graff-1X.
Maggy Shino, the petroleum commissioner in the Ministry of Mines and Energy, says the ministry is enthusiastic about the upcoming drilling campaign.
“This drilling marks Namibia’s commitment to advancing energy exploration and our contribution to the ever-growing global energy demand.
“As we are taking strides towards a more sustainable and energy secure future, we will embark on this journey with the objective of unlocking the vital energy resources located within the prolific Orange Basin.
“We are looking forward to the potential these blocks hold for our country and the industry at large.”
Galp concluded its three-dimensional seismic acquisition campaign in 2019.
In June last year, the mines ministry approved an extension of the first renewal exploration period for PEL 83.
The initial exploration period will expire in January.
jmho
Sintana Energy Inc. V.SEI
Alternate Symbol(s): SEUSF | STEIF | V.SEI.W
Energy Oil & Gas E&P
WOW moving today
jmho
The Deepsea Bollsta looks to be on location to drill the LESEDI-1 for Shell. The Deepsea Mira is currently in Walvis Bay loading up before heading out to start flow testing for Total energies.
Total energies Venus1A discovery Comments upstream article 5/22/23: Upstream was told earlier this month that Venus-1A, which began drilling in early March, was in the reservoir and results to date are promising, according to two people with knowledge of the drilling operation. “They are in the reservoir,” said one source, while the second person said “the well has come in on target” — a comment that implies the geology and the reservoir have met pre-drill expectations.
Vantage Drilling’s Tungsten Explorer will not carry out a flow test on Venus-1A, with this operation instead left to Odfjell’s drillship Deepsea Mira, which is due to arrive in Walvis Bay on Monday, according to marine intelligence provider VesselsValue. Before carrying out a flow test on Venus-1A, however, the Deepsea Mira will carry out production tests on the Venus-1X discovery well. Once the Tungsten Explorer wraps up Venus-1A, it will head west to spud and possibly test the Nara-1 probe, targeting what could be a huge extension of Venus.
One person familiar with the drilling campaign in Namibia, told Upstream that if the western extension of Venus meets expectations, then a development could involve multiple floating production, storage and offloading vessels. “If (Nara) is as big as it appears to be, then it could require up to six or seven FPSO’s,” each with a capacity of at least 180,000 barrels per day.
Maggy Shino, Namibia’s Petroleum Commissioner, has suggested that the recoverable reserves discovered in Venus to date stand at about 2 billion barrels. However, one informed source said this figure “probably” applies to the “main” part of Venus in Block 2913B, and not its potential extension into Block 2912."
From the Hot copper board V10: NEWS BULLETIN, 17 May 2023
Woodside hopeful of Namibian play following recent discoveries
WOODSIDE Energy Group chief Meg O’Neill told Energy News at the APPEA Conference 2023 in Adelaide that recent oil discoveries offshore Namibia could be just the beginning of a wave of investment in the region.
The oil and gas giant signed an option agreement with ASX-listed minnow Pancontinental Oil & Gas recently, giving it the right to acquire a majority 56% interest in offshore block PEL 87 offshore Namibia.
The permit is located north of the 2022 Venus discovery - which was declared the largest ever deep-water oil find in Sub-Saharan Africa by analysts.
Speaking to Energy News on Tuesday, O'Neill said the company was hopeful of a seismic campaign being undertaken across the block and said offshore Namibia was highly prospective for the company.
Woodside recently expanded the campaign to 7200sq.km. The campaign is underway and should be finished next month.
"When we think about our exploration business we want to make sure that it does a few things, first off that it strategically meets where we want the business to go," she said.
"The real imperative for exploration is we've got to be exploring for things that we can commercialise rapidly."
When the move was first announced it left industry watchers scratching their heads given Woodside's recent insistence frontier exploration and elephant hunting is off the table.
Late last year O'Neil maintained exploration would be targeted and close to existing operations that could offer tie-back options, such as within its Gulf of Mexico portfolio.
"Where we explore needs to be with a clear pathway to commercialisation...the oil industry has a track record of technical success and the commercialisation side takes tremendous time," she said then.
The Orange Basin has been home to some stunning oil discoveries in recent years but all are at the very earliest stages of development.
Woodside is paying for the full cost of the seismic survey estimated US$35 million in exchange for the option to join Pancon in the future. If it exercises its option it will carry the junior's drill costs.
On the broader potential of the basin, O'Neill noted that recent discoveries including Venus may just be the start for the African nation.
"Namibia is a country that, in the offshore, has been underexplored, but there were a couple of quite significant discoveries in the last few years," she told Energy News.
"We think the prospectivity is broader than that, and that's why we entered that agreement with Pancontinental."
Smart money buying SEI.V this morning with volume
jmho
Galp looking to drill 4 quarter 2 well drill with option to flow test: SFL Bags $50M Contract for Hercules Offshore Drilling Rig
Friday, May 5, 2023
Credit: Hans Hausmann/MarineTraffic.com
SFL Corporation Ltd. has signed a $50 million contract with a subsidiary of Portugal's Galp Energia for the deployment of harsh environment semi-submersible rig Hercules in Namibia.
The contract is for two wells plus optional well testing and is expected to start in the fourth quarter of 2023. Without any options, the duration is approximately 115 days, including mobilization to Namibia.
The Hercules is currently undergoing its special survey in Norway before its mobilization to Canada for a contract with ExxonMobil, before starting transit to Namibia.
Ole B. Hjertaker, CEO of SFL Management AS, said: "We are pleased to announce this follow-on contract for the Hercules, which will keep the rig continuously employed until the end of the first quarter of 2024. The new contract illustrates the attractiveness and versatility of the Hercules as a harsh environment oil exploration and development rig for the international market. With increasing demand and few available drilling rigs with Hercules’ capabilities, we see additional upside in day rates and contract term from 2024 onwards”.
Kjetil Gjersdal, Chief Executive Officer of Odfjell Drilling, a company responsible for management and marketing of the rig:"“Since taking on management and marketing for the Hercules, we have worked tirelessly on facilitating the vessel being ready for operations in Canada while
also working to secure work after this. Agreeing this contract with Galp Energia, the third contract for work in Namibia we have agreed within the last year, is very exciting for our company and we look forward to working with SFL and Galp Energia to meet expectations safely and efficiently.”"
Sintana Provides Update on VMM-37 Joint Operating Agreement and Contract
V.SEI | 1 hour ago
TORONTO, April 18, 2023 (GLOBE NEWSWIRE) -- Sintana Energy Inc. (TSXV: SEI OTCQB: SEUSF) (the “Company” or “Sintana”) reports that ExxonMobil sent Patriot Energy Oil and Gas Inc. (“Patriot”), a subsidiary of the Company, a notice stating that, based on the terms of the Joint Operating Agreement between ExxonMobil and Patriot (the “JOA”), it had decided to withdraw from the JOA as of May 31, 2023. The notice also states that ExxonMobil will withdraw from the Contract with the Agencia Nacional de Hidrocarbons (the “Contract”), effective after obtaining required Government approvals. Both the JOA and Contract pertain to the 43,158 acres property known as the VMM-37 block which is in Colombia’s Middle Magdalena Valley Basin (“VMM-37”).
Chief Executive Officer Doug Manner commented: "We are disappointed that our VMM-37 partner for more than a decade, ExxonMobil, has voluntarily chosen to withdraw from both the JOA and Contract. Management has engaged legal and technical advisors for assistance in addressing this unexpected change of events”.
The Company fully reserves its rights under the contracts governing VMM-37 and applicable laws and regulations.
Further updates will be provided with respect to these matters as additional information becomes available.
About Sintana
Area news, unfortunately article is behind pay wall: Shell’s hydrocarbon hotspot: Supermajor seeks to drill 10 more wells in prolific Namibia
Supermajor's future offshore activities could be influenced by the creation of marine protected areas
14 April 2023 11:29 GMT UPDATED 14 April 2023 12:07 GMT
By Iain Esau in London
Shell has filed plans to drill as many as 10 new exploration and appraisal wells on the prolific licence offshore Namibia that hosts its highly promising Jonker, Graff and La Rona discoveries.
The supermajor may also carry out an extended well test on one or more of its discoveries to better understand reservoir connectivity, amid concerns that the creation of new marine protected areas may complicate offshore operations.
Sintana Energy to Webcast Live at VirtualInvestorConferences
Sintana Energy to Webcast Live at VirtualInvestorConferences.com March 16th
Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com
March 14, 2023 08:35 ET
| Source: Virtual Investor Conferences
jmho
Sintana had volume again today in Canada and the USA
wow we could be sitting in the cat bird seat
jmho
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