{"id":15555,"date":"2026-01-25T18:56:08","date_gmt":"2026-01-25T18:56:08","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=15555"},"modified":"2026-01-25T18:56:55","modified_gmt":"2026-01-25T18:56:55","slug":"namibia-pancontinental-energy-first-renewal-exploration-period-for-pel-87-ends","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-pancontinental-energy-first-renewal-exploration-period-for-pel-87-ends\/","title":{"rendered":"NAMIBIA: Pancontinental Energy First Renewal Exploration Period for PEL 87 Ends"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Pancontinental Energy  has provided an update in relation to its PEL 87 project, offshore Namibia following the submission an application to the Namibian Ministry of Industry, Mines and Energy (MIME) on 6 October 2025 for a 12 month extension to the PEL 87 First Renewal Exploration Period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company says it has thus far received no formal notification from MIME, nor a request for additional<br>information, and notes that at present the First Renewal Exploration Period ended on 22 January 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pancontinental Energy says that since neither the Namibian Petroleum Act nor the PEL 87 Petroleum Agreement contemplate this that in the case of an exploration license renewal application, under the Petroleum Act a license does not expire while MIME continues to consider the<br>application.<br>The Company adds that it is liaisin with MIME and will provide a further announcement as soon as formal<br>notification is received.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pancontinental Energy has provided an update in relation to its PEL 87 project, offshore Namibia following the submission an application to the Namibian Ministry of Industry, Mines and Energy (MIME) &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/namibia-pancontinental-energy-first-renewal-exploration-period-for-pel-87-ends\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[12337,11920,9846],"class_list":["post-15555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-namibian-petroleum-act","tag-pancontinental-energy","tag-pel-87","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1098%2C1218&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-42T","jetpack-related-posts":[{"id":13016,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-sintana-energy-receives-petroleum-exploration-license-87-extension-approval\/","url_meta":{"origin":15555,"position":0},"title":"NAMIBIA: Sintana Energy Receives Petroleum Exploration License 87 Extension Approval","author":"","date":"December 22, 2022","format":false,"excerpt":"Sintana Energy has provided the following update on several matters including a recently approved extension to Petroleum Exploration License 87 (PEL 87), a year-end review and 2023 outlook. \u201c2022 was a seminal year in Sintana\u2019s history underpinned most notably by our entry into Namibia in March,\u201d said Robert Bose, President\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/06\/Namibia-sintana-energy.png?fit=541%2C600&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15228,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-eco-atlantic-announces-farmout-of-pel-98-and-license-extensions-for-pels-97-99-and-100\/","url_meta":{"origin":15555,"position":1},"title":"NAMIBIA: Eco Atlantic Announces Farmout of PEL 98 and License extensions for PEL&#8217;s 97, 99 and 100","author":"","date":"September 16, 2025","format":false,"excerpt":"Eco (Atlantic) Oil & Gas has announced key developments in its Namibian portfolio aimed at optimising operations and exploration focus.\u00a0 Eco has signed deeds of amendments and secured license extensions across all four of its Petroleum Exploration Licences in\u00a0Namibia. In addition, Eco has farmed out its total 85% Working Interest,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/09\/Eco-Atlantics-Namibia-acreage-following-approval-of-PEL-98-farmout.jpg?fit=445%2C445&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14856,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-woodside-elects-not-to-exercise-its-farm-in-option-in-pel-87\/","url_meta":{"origin":15555,"position":2},"title":"NAMIBIA: Woodside Elects not to Exercise its Farm-in Option in PEL 87","author":"","date":"April 14, 2025","format":false,"excerpt":"Pancontinental Energy has received notification from Woodside Energy that Woodside has elected not to exercise its option to farm-in to the PEL 87 project. This notice has been received in advance of the long stop date of May 18th, 2025, after which Woodside\u2019s option was due to expire. A process\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-PEL-87.png?fit=1082%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11369,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-shell-spuds-graff-1-well-in-pel-39\/","url_meta":{"origin":15555,"position":3},"title":"NAMIBIA: Shell Spuds Graff-1 Well in PEL 39","author":"","date":"December 14, 2021","format":false,"excerpt":"Shell has spud the Graff-1 well in Block 2913 Petroleum Exploration License (PEL) 39 State-owned Namcor reported, The well is being drilled at a depth of around 2000 meters using the Valaris DS-10 rig and comes days after Total Energies started drilling the Venus-1 well in the neighboring PEL 56.\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/NAMIBIA-ORANGE-BASIN-PROSPECTS.png?fit=478%2C407&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11290,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-why-pancontinentals-hopes-linger-on-venus-1-graff-1-drilling-results\/","url_meta":{"origin":15555,"position":4},"title":"NAMIBIA: Why PanContinental&#8217;s Hopes Linger on Venus -1, Graff-1 Drilling Results","author":"","date":"December 3, 2021","format":false,"excerpt":"French\u00a0major\u00a0TotalEnergies\u00a0has\u00a0commenced\u00a0drilling\u00a0its\u00a0ultra-deep\u00a0Venus-1 well in the Orange Basin offshore Namibia On-trend, Pancontinental has mapped\u00a0the very large Saturn turbidite\u00a0complex\u00a0in\u00a0PEL\u00a087.\u00a0Saturn\u00a0is\u00a0geologically\u00a0similar\u00a0to\u00a0Total\u2019s\u00a0Venus\u00a0Prospect Venus and Saturn overlie the same high-quality mature Oil Source Rock,\u00a0and both lie immediately below the major Regional Seal The Maersk Voyager drillship has commenced Venus drilling in 3,000m of\u00a0water. Partners in the well\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/NAMIBIA-ORANGE-BASIN-PROSPECTS.png?fit=478%2C407&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13585,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-pancontinenta-provides-pel-87-update\/","url_meta":{"origin":15555,"position":5},"title":"NAMIBIA; Pancontinenta Provides PEL 87 Update","author":"","date":"April 19, 2023","format":false,"excerpt":"HIGHLIGHTS 6,872 km\u00a02\u00a03D seismic survey over 50% acquired, and on schedule\u00a0to be completed early June Survey will provide high resolution subsurface imaging of the vast\u00a0Saturn Turbidite Complex and surrounding area Namibian global exploration hot spot continues to deliver, with\u00a0further major new oil discoveries on-trend to PEL 87 Pancontinental Energy\u00a0has provided\u00a0the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-83-87-90.png?fit=532%2C588&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-83-87-90.png?fit=532%2C588&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/Namibia-83-87-90.png?fit=532%2C588&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=15555"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15555\/revisions"}],"predecessor-version":[{"id":15556,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/15555\/revisions\/15556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13606"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=15555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=15555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=15555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}