Sintana Energy Inc. announced that its joint venture partner, Pancontinental Energy Limited, has obtained approval from Namibia’s Ministry of Industry, Mines and Energy to extend the First Renewal Exploration Period for Petroleum Exploration License 87 (PEL 87).
The partners now have an additional 12 months, until January 22, 2027, to continue exploration activities on the offshore license.
PEL 87 includes blocks 2713A and 2713B located offshore Namibia. Sintana holds a 7.4 percent indirect carried interest in the license, while Pancontinental Energy operates the asset.
As part of the updated work programme, the joint venture will complete an environmental impact assessment, reprocess and interpret 3D seismic data, and drill an exploration well.
The environmental impact assessment started in 2025 and is currently in progress. The seismic reprocessing work will focus on selected parts of the existing 3D dataset to improve subsurface imaging and better define drilling targets.
Robert Bose, Chief Executive of Sintana Energy, expressed appreciation to the Minister for approving the extension and said the company will continue refining seismic studies while seeking a farm-in partner to support a targeted drilling program.
The license extension highlights ongoing activity in Namibia’s offshore exploration sector, where recent discoveries in the Orange Basin have drawn increased interest from international oil and gas companies.
source:www.marketscreener.com
African Energy Council