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:

  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Air Conditioning Hire
  • Global Air Freight Solutions for Oil & Gas Shipments.
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Seco actively contributes to improving your productivity and competitiveness in metal cutting machining.
  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
  • The trusted source for all your heavy equipment needs!
  • Used Machinery
  • Aygaz is the only fully integrated LPG company in Turkey, operating in all LPG processes, including production, procurement, storage and filling
  • Bakery Equipment, Flour Mill, Bread Improver, Dried Fruit Processing machine
  • BMC China Exhibition Co., Ltd is the wholly-owned subsidiary of German Enerxy AG Group
  • Multi feedstock batch processing biodiesel equipment
  • Magazine for Africa
  • VEGA Grieshaber KG is a world-leading supplier of level, switching and pressure instrumentation.
  • We have been at the forefront of plate heat exchanger technology.
  • Hevt Duty Machinery
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  • Mini plants of toilet paper rolls production
  • The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya

Home | About Afrotrade | Advertise With Us | Trade Events | Contact Us | Link to us | Terms |  Follow us on : Facebook
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2026 Afrotrade