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:

  • Magazine for Africa
  • Fuel Metering System
  • Producing numerous types of welding consumables and welding machines for both the domestic and international market
  • Manufacturing and marketing "aira" brand Valve Automation Products
  • REGO GmbH is the Rego Distribution Center located in Central Germany.
  • FAS Flüssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  • Manufacturer of heavy duty machinery
  • Multi feedstock batch processing biodiesel equipment
  • 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
  • We offers high quality, Competitive price and satisfied service always
  • EuropCorr is a company specialized in design, manufacturing, sales and consultancy of corrosion monitoring systems mainly for petrochemical, oil and gas industry.
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • Used Machinery
  • Hevt Duty Machinery
  • VEGA Grieshaber KG is a world-leading supplier of level, switching and pressure instrumentation.
  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Global Air Freight Solutions For Oil & Gas Shipments
  • The Western Group has been in business for over two decades and was set up primarily to service the Oil & Gas Industry Sectors.
  • The trusted source for all your heavy equipment needs!
  • Mini plants of toilet paper rolls production
  • Shenzhen City, Riland Industrial Co., Ltd. is China
  • Catering for the most varied industrial storage requirements.
  • SS Gas Lab Asia is a reputed engineering company, engaged in manufacturing of carbon dioxide gas plants, hydrogen gas plants, nitrogen dioxide gas plants, CO2 storage tanks, CO2 transportation tankers and dry ice plants.
  • Pumping solutions, a technological potential.
  • VALSER Oil & Gas Limited was created to service the oil & gas, petrochemical, refining and power industries in East Africa

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