Monitor has successfully completed the 2D seismic processing over PEL 93 in the Owambo Basin, Namibia, revealing significant structures.
The processed data exhibit a good signal-to-noise ratio across nine seismic lines.
A detailed interpretation of the data will begin soon. This work aims to estimate a substantial prospective resource from the Mulden and Otavi reservoirs, affirming PEL 93’s potential.
The interpretation and assessment will help plan potential future drilling sites and are part of a broader effort to classify a maiden independent Prospective Resource by Q1 2025.
Our JV partner 88 Energy have published an announcement. For more details, you can view the full announcement here.
