Monitor, Operator of PEL 93 in the centre of the onshore Owambo Basin, Namibia, is pleased to advise that processing and initial interpretation of our 2024 2D seismic survey of 200 km has been completed.
Initial results support our prior interpretation of prospectivity of up to 11 leads in our acreage with a total area in excess of 1,000 km2.
In the most prospective structure, the anticline is present at all prospective levels through the clastic Mulden sequence, where several reservoir levels are expected,
and the Otavi carbonates which flowed at 1,680 BWPD from a DST at Etosha-5-1A, a well drilled to the West of our blocks.
This one structure has an area in excess of 100 km2 with significant vertical relief and clear access to hydrocarbon charge from source rocks which extend from directly beneath the structure to the main kitchen in the centre of the basin to the north.
Further analysis and interpretation is ongoing in order to define the forward plan to mature prospects for drilling in 2025 or 2026.
Mulden siliciclastics
Secondary target
Top seal
Reservoir
Depth to target
Maximum closure
Black Shale Member, 90m in West Etosha
Sandstones from Lower Combat
2070 m TVD
2260 m TVD
Otavi carbonates
Primary target
Top seal
Reservoir
Depth to target
Maximum closure
Lower Tschudi shales, 440 m in well 5-1
Huttenberg and Elandshoek Formations carbonates
3300 m TVD
3510 m TVD
Lead inventory outlined on a 3D view of interpreted 2D seismic data
Background
In 2023, Monitor carried out a 60 km-line 2D seismic test with AWD source
In 2024, Monitor proceeded with a 200 km-line 2D seismic with improved Vibroseis source