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Namibia: Rig contracted for Tullow Walvis Basin well

The Tullow Oil-led PEL 37 joint venture has contracted the Ocean Rig Poseidon to drill the Cormorant-1 exploration well. The well is expected to spud on 1 September. Partner Pancontinental Oil & Gas said the well had the potential to contain prospective resources of 124m barrels of recoverable oil, while the cumulative potential of the top four mapped prospects in the block totalled 915m barrels of recoverable oil.

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African Energy Gulf States Newsletter