Page 13 - AfrOil Week 24 2021

AfrOil PROJECTS & COMPANIES AfrOil

PEL 73 is adjacent to PEL 001 in Botswana (Image: ReconAfrica)

The JOA calls for the two companies to carry out endeavour to unlock the potential of Namib-
a joint exploration programme in the Kavango ia’s vast national resources, providing jobs,
West and Kavango East sections of the PEL 73 economic growth and long-term responsible
licence area, the statement said. Additionally, resource development, which includes signif-
it provides for ReconAfrica to cover all of the icant contributions to the social and environ-
expenses associated with the project until com- mental aspirations of the country.”
mercial production begins, it noted. NAMCOR and ReconAfrica signed shortly
Mulunga declared that his company was after the Canadian company reported that it
“delighted” to have finalised the JOA with the had found evidence of a working conventional
Canadian company. “This agreement will gov- petroleum system in 6-1, the second exploration
ern the relationship between NAMCOR and well drilled at PEL 73.
ReconAfrica, and we will collectively advance This was ReconAfrica’s second discovery this
the search for oil in the Kavango sedimentary year, as the firm’s first well – 6-2, drilled 16 km
basin in accordance with the laws of Namibia,” to the south – also contained a working conven-
he said. “We understand the hydrocarbon tional petroleum system.
potential of the Kavango basin. Hence collab- The partners aim to drill two more explora-
orating with an international company with tion wells at the licence area before the end of
both technical and financial capabilities such 2021. They hope to encounter enough oil shows
as ReconAfrica will unlock the discovery of to prove that PEL 73 contains commercially via-
commercially viable hydrocarbon reserves and ble hydrocarbon reserves. If so, they will nego-
thereby enhance economic development in the tiate a 25-year production licence for the block.
country.” PEL 73 covers a 25,500-square km section of
Evans also emphasised that the project had the Kavango basin in north-eastern Namibia,
the potential to benefit Namibia’s economy. near the border with Botswana. ReconAfrica
“We’re pleased to finalise this operating agree- has also secured an exploration licence for an
ment, which solidifies our partnership with adjacent block in north-western Botswana that
NAMCOR,” he commented. “We look for- covers a 9,921-square km section of the same
ward to working with NAMCOR as we jointly basin. ™

McDermott-Sinopec consortium

wins LoA for Tilenga EPCC services

UGANDA US-BASED McDermott International has The group has received a conditional letter
formed a consortium with Sinopec Interna- of award (LoA) from TotalEnergies (France),
tional Petroleum Service Corp. (SIPSC), a sub- the operator of Tilenga, and hopes to sign a con-
sidiary of China’s Sinopec, to provide support tract once all the partners in the project reach
services at the Tilenga oilfield in Uganda. agreement..

Week 24 16•June•2021 www. NEWSBASE .com P13