Russian oil and gas exploration company Sintezneftegaz (also rendered as Sintezneftgaz in western script) has discovered what could be a major natural gas reservoir off the coast of Namibia. According to Namibian Ministry of Mines and Energy Petroleum Commissioner Immanuel Mulunga the find could be a “gas resource of up to 14-trillion cubic feet”.
Quoted by upstreamonline.com, he added that it “was not possible to fully evaluate the hydrocarbon potential of the penetrated sections due to operational problems during testing.
The reservoir quality of the tested zones was not very good, perhaps due to nearby igneous activity.”If the estimated size of the new discovery proves to be accurate, it will be some ten times larger than Namibia’s Kudu gas field, which has reserves of some 1,3-trillion cubic feet. Kudu is expected to come into production in 2013.
The strike was made by the Kunene-1 well in offshore exploration Block 1711 in the Kunene Prospect region of the Namibian Basin. This lies on the northern part of Namibia’s continental shelf and forms part of the Kwanza-Cameroon oil and gas-bearing province.