With a coastline of almost 1,600 km, offshore Namibia oil exploration has become highly attractive in recent years for Major companies.
Namibia’s attractive oil prospects and favourable fiscal incentives have attracted a wealth of oil majors including TotalEnergies, Galp, Shell, QatarEnergy, Chevron, and ExxonMobil.
In the Walvis Basin the Wingat-1 discovery, drilled by HRT in 2013, which encountered rich oil-bearing source rocks, recovering light and sweet crude oil. And in the Orange Basin two multi-billion barrel discoveries made in 2022 by Shell and TotalEnergies, have led to an increasing amount of exploration and appraisal drilling activity in 2023.
In Namibia, Eco holds Operatorship and an 85% Working Interest in four offshore Petroleum Licences: PELs: 97, 98, 99, and 100, representing a combined area of 28,593 km2 in the Walvis Basin. Please explore the tables to learn more about each licence.
| License Name | License No. | Block Size | Block reference | Basin | Working Interest |
| Cooper | PEL97 | 5,788 Km2 | Block 2012A | Walvis | Operator – 85% WI |
| Sharon | PEL98 | 5,700 Km2 | Block 2213 | Walvis | Operator – 85% WI |
| Guy | PEL99 | 11,457 Km2 | Blocks 2111B & 2211A | Walvis | Operator – 85% WI |
| Tamar | PEL100 | 5,648 Km2 | Blocks 2211B & 2311A | Walvis | Operator – 85% WI |
The Cooper Block (PEL 97) is situated in shallow water (100-500m) within the Walvis Basin offshore Namibia and covers approximately 5,788 km2.
Eco Atlantic Oil & Gas is currently focused on further defining the Osprey Lead, an 882 million barrel Aptian/Albian source fed oil target within a sand filled channel system, in the cretaceous sequence, with the mature oil window located in approximately 300 m of water.
| Licence Partners | Percentage Interest |
| Eco Atlantic Oil & Gas (Operator) | 85% |
| NAMCOR | 10% |
| Tangi Trading Enterprise cc | 5% |
Cooper Block Summary
| Area | 5,788 km2 |
| Water depth | 100m to 500m |
| Licence terms | 5 years + 2 renewal terms of 2 years, each term extendable by one year. |
| Recent developments | 1,100 km2 3D survey completed Environmental Permits have been submitted for approval to drill the Osprey Well |
| Target | Upper Cretaceous Clastics Turbidites Aptian/Albian fan/channel Lower Cretaceous Carbonates |
Author: admin
Managing the Namibia Oil and Gas Platform