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THE Namibia Thread (merged)

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

THE Namibia Thread (merged)

Unread postby copious.abundance » Tue 20 May 2008, 01:21:57

Somewhere in the Brazil thread several months ago I posted an article pointing out that if there's lots of oil in the Santos basin in Brazil, there is almost certainly lots of oil offshore Namibia. Well, speak of the devil.

LINK
Arcadia 2D shows 10-billion-bbl prospects off Namibia Uchenna Izundu, International Editor:

LONDON, May 17 -- Arcadia Petroleum Ltd., operator of License 0010 off northern Namibia, has completed interpretation of 2D seismic shot in September 2007 that it's partner Tower Resources PLC, says confirms the presence of giant structures that could contain as much as 10 billion bbl of oil, unrisked, from three prospects.

The seismic data indicate a great probability that they would be oil bearing, Tower Resources said. Large volumes of associated gas would also be present.

These volumes have not been discounted for exploration risk. "Amplitude Variation with Offset analysis and geological modelling have pointed to three sandstone reservoirs up to 50 m thick which correlate with sandstones in the two exploration wells drilled in the 1990's," reported Tower Resources, whose unit Neptune Petroleum (Namibia) Ltd. holds a 15% interest in the prospect. However, there was no suggestion of hydrocarbons in those wells, it added.

Arcadia plans to drill a well within 2 years after gathering more seismic over the prospects.

According to Tower Resources, the Alpha structure had a four-way dip closure, indicating a maximum area of more than 600 sq km. The data suggested another four-way dip closure on the Gamma structure which, if confirmed, would define a prospect covering more than 1,700 sq km.

Tower Resources said, "Reservoir sands are interpreted to be stacked channel sands having laterally variable reservoir characteristics but high-quality over significant areas."
Last edited by Ferretlover on Mon 03 Aug 2009, 20:39:31, edited 1 time in total.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: And now, it's Namibia's turn

Unread postby Cashmere » Tue 20 May 2008, 02:27:55

In unrelated news, I have great prospects for inheriting a small fortune from an, as-yet, unknown uncle.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Re: And now, it's Namibia's turn

Unread postby mos6507 » Tue 20 May 2008, 02:42:32

Wonder how long it will be before they hit up North Korea for nukes?
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Re: And now, it's Namibia's turn

Unread postby rockdoc123 » Tue 20 May 2008, 13:04:46

Although there are large structures off the coast of Namibia there has only been gas discovered to date. The Cretaceous source rock is buried fairly deeply throughout much of the shelf, there is a possible narrow band in ultra deep water where the source rock is in the oil window but that hasn't been proven either in Namibia or the Atlantic shelf of South Africa which has similar geology.
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Re: And now, it's Namibia's turn

Unread postby eXpat » Tue 20 May 2008, 13:23:28

Why the price of oil keeps rising steadily, if we are awash in oil and there are lots of wonderful, innovative companies with state-of-the-art technologies, willing to extract it?
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
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You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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Re: And now, it's Namibia's turn

Unread postby eXpat » Tue 20 May 2008, 13:28:21

Drifter wrote:
eXpat wrote:Why the price of oil keeps rising steadily, if we are awash in oil and there are lots of wonderful, innovative companies with state-of-the-art technologies, willing to extract it?
It's called wishful thinking and denial. :wink:

hehe :)
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
George Bernard Shaw

You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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