{"id":8830,"date":"2020-08-12T17:10:17","date_gmt":"2020-08-12T17:10:17","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8830"},"modified":"2020-08-12T17:13:01","modified_gmt":"2020-08-12T17:13:01","slug":"namibia-global-petroleum-receives-one-year-extension-in-pel0094","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-global-petroleum-receives-one-year-extension-in-pel0094\/","title":{"rendered":"NAMIBIA: Global Petroleum Receives One Year Extension in PEL0094"},"content":{"rendered":"<p>Global Petroleum has announced that the Ministry of Mines and Energy in Namibia has agreed to extend the licence sub-period from September 2020 to September 2021 in connection with its licence PEL0094 (Block 2011A), offshore Namibia. The ministry has also agreed to modify the work commitments.<\/p>\n<p>Under the terms of the Petroleum Agreement for PEL0094 signed in September 2018, the four year Initial Exploration Period was split into two sub-periods of two years each, with the first sub-period ending in September 2020. The amendment to PEL0094 agreed by the Ministry gives Global a further year to fulfil a modified work commitment, after which Global may elect to enter the next licence sub-period in September 2021.<\/p>\n<p>Last month the Company\u2019s reported the <a href=\"https:\/\/bit.ly\/3iuE1xG\">updated prospective resources<\/a> in both the Marula and Welwitschia Deep prospects in PEL0094 following interpretation of the 3D seismic data licensed earlier this year. The modified work programme agreed with the Ministry concentrates on the licensing of existing seismic data and the carrying out of studies specifically designed to focus on these two exciting prospects.<\/p>\n<p>Peter Hill, Global Petroleum\u2019s CEO, commented: \u201cWe would like to thank the Ministry of Mines and Energy and are delighted to receive this extension to PEL0094, with the amended work programme which enables us to focus on the principal prospects in our acreage, further de-risked following our recent re-interpretation of the historic 3D seismic.\u201d<\/p>\n<p>Global holds a working interest of 78% and is operator of the licence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Petroleum has announced that the Ministry of Mines and Energy in Namibia has agreed to extend the licence sub-period from September 2020 to September 2021 in connection with its &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/namibia-global-petroleum-receives-one-year-extension-in-pel0094\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8631,"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":true,"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":[7915,3443,7916,8168,7914,8169],"class_list":["post-8830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-block-2011a","tag-global-petroleum","tag-marula-prospect","tag-ministry-of-mines-and-energy","tag-pel0094","tag-welwitschia-deep-prospect","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2iq","jetpack-related-posts":[{"id":10712,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-global-petroleum-enters-next-licence-phase-for-pel94\/","url_meta":{"origin":8830,"position":0},"title":"NAMIBIA: Global Petroleum Enters Next Licence Phase for PEL94","author":"","date":"August 10, 2021","format":false,"excerpt":"Global Petroleum\u00a0 has announced that the Ministry of Mines and Energy has agreed to its proposal to enter into the next licence sub-period from September 2021 to September 2022, in relation to its licence PEL0094 (Block 2011A) offshore Namibia. Under the terms of the Petroleum Agreement for PEL0094 signed in\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\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10724,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-global-petroleum-raises-1-million-to-fund-pel94-licence-commitments\/","url_meta":{"origin":8830,"position":1},"title":"NAMIBIA: Global Petroleum Raises \u00a31 million to Fund PEL94 Licence Commitments","author":"","date":"August 12, 2021","format":false,"excerpt":"Global Petroleum has announced that it has successfully raised \u00a31,000,000 in aggregate before costs, through the Placing of 200,000,000 Ordinary Shares at a Placing Price of 0.5 pence per share. The Placing will position the Company to part-fund the new license commitments, as well as provide general working capital, including\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\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9765,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-global-petroleum-provides-updated-prospective-resources-estimate-for-pel0094\/","url_meta":{"origin":8830,"position":2},"title":"NAMIBIA: Global Petroleum Provides Updated Prospective Resources Estimate for PEL0094","author":"","date":"January 26, 2021","format":false,"excerpt":"Global Petroleum Limited has announced its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, following interpretation of the 2D seismic data which the Company recently licensed. Global holds a working interest of 78 per cent in PEL0094, and is operator. The additional Prospective Resources, which are in\u2026","rel":"","context":"In &quot;Southern Africa&quot;","block_context":{"text":"Southern Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/southern-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":9509,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-petroleum-provides-blocks-1910b-2010a-2011a-update\/","url_meta":{"origin":8830,"position":3},"title":"Global Petroleum Provides Blocks 1910B, 2010A &#038; 2011A Update","author":"","date":"December 4, 2020","format":false,"excerpt":"Regarding its licence PEL0094 (Block 2011A), the Company recently purchased historic 2D seismic data in order to improve interpretation of its Marula prospect in the western part of Block 2011A. Separately, Global has also acquired 2D seismic data over the relatively underexplored eastern part of the block and the Company\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\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11028,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-pel0094-prospective-resources-increase-threefold-in-new-assessment\/","url_meta":{"origin":8830,"position":4},"title":"NAMIBIA: PEL0094 Prospective Resources Increase threefold in New Assessment","author":"","date":"October 22, 2021","format":false,"excerpt":"Global Resources has announced that the updated PEL0094 Prospective Resources (best estimate) has increased threefold increase compared with the previous estimate, and confirmed the Company\u2019s view that the acreage is highly prospective. This then means the net to Global on an unrisked basis \u2013 for the main prospects Marula and\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\/10\/Namibia-Licenses.png?fit=527%2C571&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Namibia-Licenses.png?fit=527%2C571&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/10\/Namibia-Licenses.png?fit=527%2C571&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8629,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-petroleum-announces-new-prospective-resources-estimate-for-block-2011a\/","url_meta":{"origin":8830,"position":5},"title":"Global Petroleum Announces New Prospective Resources Estimate for Block 2011A","author":"","date":"July 20, 2020","format":false,"excerpt":"Global Petroleum Limited announced its updated estimate of Prospective Resources for PEL0094 (Block 2011A), offshore Namibia, after interpretation of the 3D seismic data survey recently licensed from the Namibian State Oil Company, NAMCOR, which also holds a carried interest of 17% in the Licence. Global holds a working interest of\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\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/NAMIBIA-PEL94.jpg?fit=683%2C563&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\/8830","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=8830"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8830\/revisions"}],"predecessor-version":[{"id":8833,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8830\/revisions\/8833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8631"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=8830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}