E & P Spearheads Major block valuation project

Caption: The Exploration & Production Department is involved in a project that will see more value being placed on high hydro- carbon potential blocks.


The Prospect Inventory Project which is being implemented for the rst time in the E & P department, aims to identify blocks that demonstrate high value. It will assist Government to put value on the blocks, allowing it opportunity to devote its energies appropriately. It will also provide NAMCOR with key technical insight in order to make informed decisions when applying for new blocks.


The department also views the exercise as a key capacity building opportunity, as it has challenged staff to actively research on areas they have done little or no research on. Schlumberger gives Petrel software support which is used for data interpretation of this project.