Already 1,500 square kilometres of 3D seismic data have been obtained which fulfil the licence obligations for the 17,400 sq. km Namibian offshore block which covers the Central Luderitz Basin, by the Norwegian seismic ship Polarcus Nadia, which commenced the survey in May.
“Data acquired to-date has been of good quality and is expected to fully delineate a number of significant prospects which have already been identified on the licence, “ says opera Serica today in an operational update.
“Within six months of the licence award Serica has completed the seismic acquisition obligations required during the first four year period of the licence, a record achievement,” noted Serica chief executive Tony Craven-Walker. “The survey, one of the largest to be undertaken off Namibia, continues with results expected later this year following which, with BP, we will be looking to making a drilling decision.”
Serica operates the block with 55% after securing the licence last December. BP has farmed into 30% of the licence by agreeing to pay the costs of a 4,150 sq. km 3D shoot over the area, and the Anglo-American oil major retains the right to earn another 37.5% equity in the block by paying the full costs of a exploration well on the licence.