As of Late April 2020, Tullow Oil Plc via its wholly owned subsidiary Tullow Namibia Limited (Tullow), is understood to be looking to farm out an interest in its ultra deepwater Orange Sub-basin Block 2813B (PEL 90). Tullow is offering 20 â 30% working interest in exchange for an upfront cash component and a carry on the future work programme.   The undrilled block covers some 5,400 sq km within the Orange Sub-basin in water ranging in depths between 2,300 m and 3,300 m. It is located some 220 km offshore and adjacent to the north of Totalâs Block 2913, where the high impact Venus-1 exploratory well targeting in excess of Bbo is expected to be spudded in late 2020.   The 4 + 2 + 2-year exploration period entails:     First exploration period ending Q1 2022: the minimum financial commitment is already satisfied, a 500 sq km 3D acquisition is to be planned.     First renewal period ending Q1 2024: additional 500 sq km 3D data and the drilling of one exploratory well.     Second renewal period ending Q1 2026: one exploratory well.   The primary play is an emerging deep water turbidite play. Proven mature Aptian oil prone source rock deposited in north south trending half grabens, overlain by stacked turbidite frontal splays fed from the Palaeo Orange Delta. These are trapped by regional reverse dip and sealed by intraformational shales. Other plays include erosional remnant features, Upper Cretaceous intra MTC sands and potential carbonate build ups. Albian and Cenomanian Turonian source rocks provide charge.  Data coverage: 1300 km of 10km spaced 2D PSTM seismic.  Interests in the licence are Tullow operator with a 56% interest. Partners are: Trago Energy Pty Ltd (20%), Harmattan Energy Ltd a subsidiary of Havoc Partners LLP (14%) and NAMCOR (10%).  For additional information contact:  John McLaughlin  Commercial Lead - Exploration  John.mclaughlin@tullowoil.com  Tel: +44 75100 54 267
Tullow Oil Plc via its wholly owned subsidiary Tullow Namibia Limited (Tullow), is understood to be looking to farm out an interest in its ultra deepwater Orange Sub-basin Block 2813B (PEL 90).