Tower has signed a Petroleum Agreement for offshore blocks 1910A, 1911 and 1912B,Â  total 23,297 sq km in the Walvis Basin and Dolphin Graben (in yellow below) for a 4-yr term. Commitments USD 5 MM for the initial term, to be effective on finalisation of a joint operating agreement between Tower (op), 80%, ZM Fourteen Investment CC 10% + Namcor 10% (carried). Map extract from Tower:
Tower has signed a Petroleum Agreement for offshore blocks 1910A, 1911 and 1912B, total 23,297 sq km in the Walvis Basin and Dolphin Graben.