M a r k e t N e w s

Namibia:Global Petroleum s subsidiary gets licence extension

Posted on : Thursday , 4th September 2014

 Global Petroleum’s wholly-owned subsidiary Jupiter Petroleum (Namibia) has received a 12-month extension on the initial exploration period of Petroleum Exploration Licence No. 29, which covers blocks 1910B and 2010A in Walvis Basin offshore Namibia

According to the firm, the initial exploration period of the licence will now be valid until December 2015.
Entering into the second period of the licence with Namibian Ministry of Mines and Energy would involve drilling a well and further interpretation work on existing seismic data, Global Petroleum added.
Jupiter Petroleum (Namibia) will remain the operator with an 85 per cent interest in the two blocks, with partners NAMCOR and Bronze Investments Pty Ltd holding 10 per cent and 5 per cent shares respectively, both as carried interests.
Peter Hill, CEO of Global Petroleum, said, “We would like to thank the Ministry of Mines and Energy in Namibia for their continued support and look forward to progressing the technical evaluation of our acreage. We remain optimistic about the potential of our Namibian blocks, given the technical differentiation between our prospects and the target drilled at Welwitschia-1A

Source : Oil review africa
Featured Companies
  • GULF WELL SOLUTIONS
  • SKYTRADE GLOBAL ENTERPRISES LTD
  • /
  • MAVI DENIZ CEVRE HIZ A.S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  • Pumping solutions, a technological potential.
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • Specialty and Custom Chemicals Exhibition
  • Lavorwash is a world-leader in manufacturing high pressure cleaners and vacuum cleaners for household and professional use.
  • Pumps for dewatering, ground water control, sludge and slurry handling.
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • LINTEC doub- le screen technology and the worlds first asphalt mixing plant in 100% ISO sea containers.
  •  Magazine for Africa
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  • Air Conditioning Hire
  •  EuropCorr is a company specialized in design, manufacturing, sales and consultancy of corrosion monitoring systems mainly for petrochemical, oil and gas industry.
  • BITZER ranks among the leading manufacturers of refrigerant compressors.
  • We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards We manufacture; As Welded, Outer Diameter Conditioned, and Bead Hammered stainless steel tubing to ASTM standards
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • Manufacturer of heavy duty machinery
  • South African incinerator and cremator designer and manufacturer making significant inroads into overseas markets.
  •  Unipro was born to transmit and give it’s experience in trading high quality safety equipments ensuring high quality products under international standards required in the Oil and Gas, Mining, Construction, automotive, Steel and Chemical industries.
  • A world class Rotary Gear Pumps for effective pumping and trasfer of all viscous & semi-viscous liquid like oils, chemicals, food products and more..
  • Hevt Duty Machinery
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Used Machinery
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade