Global Petroleum Share Discussion Threads

[jimarilo] 19/3/2020 10:38

Here is another link to a recruitment company, this time for S/Africa only on a Drillship



Makes me wonder who is drilling in S/A, Total drilling later in the year with a Semi-Sub

I did notice the Transocean Orion (formally O R Poseidon) moved out of the Walvis bay for a few days doing a DP test, could be Shell or Equinor, both have a new partner in Azinam

[jimarilo] 18/3/2020 13:45

TGS seem hopeful for a Venus success......"Although a first major oil discovery as yet proves elusive, these existing wells have been stunningly successful in reducing risk for the forthcoming Venus well"

Oil Majors farm into Namibia and Western South Africa

[emptyend] 18/3/2020 12:35

Policies to use local people where possible are very common - and indeed often required.

[jimarilo] 18/3/2020 11:51

Nikham offshore are recruiting for an unamed rig, nationality required, Namibian & S/African, "immediate start"

I know Maersk policy is to employ a percentage of local talent

[jimarilo] 16/3/2020 12:12

Total currently drilling next door in Angola on the Kaombo project, ahead of the Venus well, the project will drill 59 wells (60% aready completed) from six fields targeting just 600m barrels. No wonder GBP's prospects are of interest



Note, Totals partners include Exxon and Galp

[jimarilo] 16/3/2020 07:55

‘Deepwater acreage will continue to attract significant company interest through 2020’

[jimarilo] 15/3/2020 14:42

Maersk Involver heading to the Walvis Bay, the most recent contract was with Total, but even regardless of that it is a Maersk vessel and can work up to 3000m, capable of preparing drill sites ahead of the rig
ETA March 31st

[jimarilo] 14/3/2020 12:43

Just looking at the half year report again and didn't pick up before, that the PEL94 CPR was based on just 2D data. As is the CPR for PEL29

They expect to find more prospects/leads and to increase cos with the current 3D held by Namcor, which they are negotiating. Possibly the likes of Exxon will have already gained access to the 3D if (94&29) were of interest ?

EMGS another company adding to the seismic activity in the region, have a LOI for the Walvis Basin and in talks for further activity in the Walvis Basin

PEL29 must be one of the most, if not the most prospective blocks in the Walvis Basin without 3D coverage and has a commitment for 3D + well before the year end

The chance that the EMGS will be shooting 3D in GBP blocks in the coming months, does not seem far fetched to me at all, which would only be the case if a deal is concluded

[jimarilo] 13/3/2020 11:29

We'll see, certainly I don't think we will see another consecutive quarterly report in April referencing "further contacts with counterparties" That would make four in all

Never mind the time spent leading up to reportable contacts, we must be close imo

[fardels bear] 13/3/2020 11:07

Maybe they've spent the week in the pub, Jim.

[jimarilo] 13/3/2020 11:03

Significantly again the company made no reference for a need for funding, which speaks volumes to me......

[jimarilo] 13/3/2020 07:30

ExxonMobil Has No Plans to Cut Spending Even as Crude Oil Prices Keep Sinking



The ASX, Woodside, GBP and Brent all up this morning, now there is a change

[jimarilo] 13/3/2020 01:36

Here is the Half year report..... which on the ASX is not considered price sensitive, unlike the Quarterlies which are regarded as price sensitive. So any comments regarding further talks with counter parties has always been in the Quarterlies

However significantly, slide 3 is interesting as it shows a map of our licences and highlights Exxon to the North for the first time ever on a GBP produced map and no mention of any other company's blocks.

The Exxon blocks are in the dark blue coloured back ground (FFZ= Florianopolis Fracture Zone) as highlighted in the recent Paul Howlett post. GBP's blocks are also in a Fractured Zone currently unnamed. Is this the attraction for the likes of Exxon ??

Also of note, the plays in the Exxon blocks are, also found in PEL29 & 94



The company are currently finalising discussions regarding access to further 2&3D seismic acquisitions ......this very much makes me wonder if these discussions are including the counterparties

For what it's worth... Exxon & Galp shot 3D in PEL44 and walked away from the deal with M&P

My guess is Exxon & Galp have seen enough in PEL94 to farm into 94 & 29. I also think there will be an AEC/PCL style deal, with either AEC , Impact or even AziNam taking and interest in GBP Namibia

[jimarilo] 12/3/2020 10:29

Half year report due any day, looking back to previous years

Quarterlies due end of April

[emptyend] 12/3/2020 09:20

....handy...... When is GBP report due again?.....

[jimarilo] 11/3/2020 23:36

Here is a picture posted on twitter March 7th by the AAPG President at the Appex Global Conference 2019. For industry eyes only ;-)

"Paul Howlet, Global Petroleum- Making the exploration case for offshore Namibia with multiple structural and stratigraphic prospects. "



Seems GBP blocks are in a fracture zone. Clearly this is area is in the deeper water where there is renewed interest. East of here doesn't have the same characteristics

[jimarilo] 11/3/2020 17:33

The Sanco Swift and co vessels have been surveying in the Namibe Basin blocks of Exxon in recent weeks and have now just dropped south into the relinquished part of GBP's block 1910B

[jimarilo] 11/3/2020 10:54

The latest confirmed speakers at this years Africa E&P Summit in May, London
Including Namibian players Galp, Exxon, Azinam, AEC, AOI, Impact, Total and Maggy Shino....so far

[jimarilo] 10/3/2020 22:50

Why Oil Is A Great Buy Opportunity

[jimarilo] 10/3/2020 07:50

Half year results this week, quarterlies end of April

[jimarilo] 09/3/2020 19:54

I thought this was a very good interview from JA and Andrew Scott
JA keeping his head whilst others loose theirs............ does make me wonder who the other 24.5% partner will be



Not a bad day for GBP .....down on just 100k

[jimarilo] 05/3/2020 08:05

Posted this morning, seismic shoot in Namibia starting early

Dag Helland-Hansen 1st degree connection 1st
Executive President Europe, Africa & Middle East at EMGS AS & Global Exploration Advisor

"Following up our Africa campaign staring in Senegal and Mauretania in March we will go to Namibia for some jobs. Looking forward to those strategically key jobs for us to prove the value of CSEM in the African geology and looking fwd to more jobs in the area to come"

[jimarilo] 04/3/2020 15:22

Here is the updated speaker list so far, at the up coming Africa E&P Summit in May London
Maggy Shino, Azinam, Exxon, AEC, AOI, Impact and Galp

Galp speaking on "Growing Exploration Portfolio"