Sintana Energy President Robert Bose reveals strong progress in Orange Basin exploration
December 05, 2023 at 11:56 pm IST
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Sintana Energy Inc President Robert Bose joined Proactive's Stephen Gunnion with details of the latest progress with its Orange Basin exploration licenses.
Custos Energy, in which Sintana Energy holds a 49% indirect interest, has confirmed that the Mopane 2X exploration well located on blocks governed by PEL 83 has been spud. Custos owns a 10% working interest in PEL 83 which is being operated by Galp during the exploration phase.
Meanwhile, at PEL 90, an affiliate of Chevron Corporation has filed an application for an Environment Clearance Certificate with the Ministry of Environment, Forestry and Tourism for the Republic of Namibia. The certificate would allow for the drilling of up to five exploration and five appraisal wells beginning in the fourth quarter of 2024 on block 2813B, which is governed by PEL 90.
The company, through its investment in InterOil, holds a 49% indirect interest in Trago Energy, which is a 10% working interest owner in PEL 90.
Sintana Energy is engaged in petroleum and natural gas exploration and development activities in five large, highly prospective, onshore and offshore petroleum licenses in Namibia as well as in Colombia’s Magdalena Basin.
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Sintana Energy Inc. is an oil and natural gas exploration company. It is engaged in petroleum and natural gas exploration and development activities in five large onshore and offshore petroleum exploration licenses in Namibia, as well as in Colombia's Middle Magdalena Basin. Its primary assets are held through its 49% interest in Inter Oil (Pty) Ltd. (Inter Oil). Inter Oil is a private company which indirectly holds a portfolio of offshore petroleum exploration license (PEL) including a 15% carried interest in PEL 87; a 10% carried interest in each of PELs 82 and 83, and a 10% carried interest in PEL 90. In addition, it holds private participation interests of 25% unconventional and 100% conventional in the potential hydrocarbon resources of the 43,158 acres Valle Medio Magdalena 37 (VMM-37) Block in Colombia. The Middle Magdalena Basin is located in north-central Colombia between the Central and Eastern Ranges of the Andes, covering an area of 34,000 square kilometers (13,000 sq mi).