Kudu gas field

Kudu gas field

The Kudu gas field is a gas field in Namibia. Located of the South West coast of Namibia approximately 170 km north-west from the city of Oranjemund. Discovered in 1974, the licence has been held by a number of companies including Shell, Chevron Texaco and Energy Africa. In 2004 Tullow Oil acquired Energy Africa for $570 million dollars and with it a 90% interest in the Licence. Tullow Oil has indicated though they would be looking for a partner in the project to acquire 20% of the project to take their holdings down to 70%. The remaining 10% is held by Namcor.

The field is estimated to contain convert|1.3|Tcuft of proven natural gas reserves however more recent exploration and analysis suggests that reserves could reach convert|3|Tcuft with potential up to convert|9|Tcuft. These figures though are dependent on further work that is yet to be carried out by Tullow Oil on different parts of the field with other geological settings.

Suggested development of the field has been for a subsea tie back which would potentially make it one of the world's longest. The tie back would connect it to an 800-megawatt power plant that is located in Oranjemund. The field would be crucial in meeting Namibia's growing energy demand.

On Tuesday, 18 September 2007, shares of Tullow Oil declined by more than 3.0% after the group announced that it had to abandon the Kudu-8 exploration well offshore Namibia and that a second well planned nearby won't be drilled.

ee also

* Namibia
* Natural gas
* Oilfield
* Kudu Power Project

References

*cite web | title=Projects| work=Nampower | url=http://www.nampower.com.na/nampower2004/projects/kudu/index.asp | accessdate=June 1 | accessyear=2007
*cite web | title=Kudu Gas Project Loses a Partner| work=GRNET | url=http://www.grnnet.gov.na/News/Archive/2003/December/Week1/kudu_rpt.htm| accessdate=June 1 | accessyear=2007
*cite web | title=Tullow in partnership talks for Kudu gas field | work=Busrep.co.za | url=http://www.busrep.co.za/index.php?fArticleId=3754456&fSectionId=610&fSetId=662| accessdate=June 1 | accessyear=2007
*cite web | title=Kudu gas phases under review | work=Offshore | url=http://www.offshore-mag.com/Articles/Article_Display.cfm?Article_ID=253282| accessdate=June 1 | accessyear=2007


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