March 12 (Bloomberg) -- Repsol SA, Spain’s biggest oil producer, will spend about $95 million drilling its first well offshore from Namibia as the African nation pursues a commercial discovery, the country’s petroleum commissioner said. Repsol, which has a 44 percent interest in offshore license 0010, is operator of Block 1911 where the Welwitschia-1 well will be drilled … [Read more...]
Positive Results May Revive Drilling Off Namibia’s Skeleton Coast, Investors Skeptical
(Bloomberg) -- HRT Participacoes em Petroleo SA is expecting results this week from a well off Namibia’s Skeleton Coast that may revive interest in oil exploration after two failures last year in the southwest African nation . The Wingat-1 well, in an area where shipwrecks line the coast, is expected to be finished at a depth of about 4,200 meters (13,800 feet) by the … [Read more...]
Transocean’s Marianas Contracted to Drill Offshore Namibia
RIO DE JANEIRO -(Dow Jones)- Brazilian oil startup HRT Participacoes em Petroleo SA (HRTP3.BR) said Wednesday that it had hired a semisubmersible drill rig from Transocean Ltd. (RIG, RIGN.VX) to drill prospects off the coast of Namibia, where the company holds stakes in 12 exploration blocks. In a filing with stock regulators, HRT said a final contract would be signed in 15 … [Read more...]
Maersk Drilling Heads Offshore Namibia
COPENHAGEN (Dow Jones)--Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO) said Wednesday its oil exploration services unit Maersk Drilling has secured a contract worth $34 million for the use of its Maersk Deliverer semi-submersible drilling rig. Maersk Deliverer is to carry out work offshore Namibia for Enigma Oil & Gas Ltd., a subsidiary of Chariot Oil … [Read more...]