Kudu Gas Field
Related Pages
Namibia Oil & Gas Fields
Gazprom Oil & Gas Fields
Upstream News
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Summary Information
- Operator: Gazprom
- Country: Namibia
- Location:
- Discovered: 1974
- Production start:
- Partners: Namcor / Gazprom
- Type: Gas
- Estimated Reserves: 1.4 TCF of proven reserves
- Production Volume:
Description
History
- Discovered in 1974, the license has been held by a number of companies including Royal Dutch Shell, Chevron Texaco and Energy Africa. In 2004, Tullow Oil acquired Energy Africa for US$570 million and with its 90% interest in the license. Later Tullow Oil sold 20% of the project to Itochu.[2] The remaining 10% is held by Namibian state oil company Namcor
- 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.
- In 2010, Namcor and Russian gas company Gazprom agreed to establish a special purpose company to take a majority stake in the Kudu gas field.
Geology
Links
- Wikipedia Page
- Tullow Oil in Namibia
- Namcor, About Us
- Gazprom acquire majority stake in Kudu gas field
page revision: 6, last edited: 20 May 2012 19:47
