Nabirm is an emerging Oil & Gas exploration company focused on exploration of the conjugate margin of the offshore Namibian Continental Shelf. The company’s long term strategy is to build a pan-African portfolio of high upside exploration licences combined with near-term material drilling opportunities. Nabirm is the holder of a Namibian Petroleum Exploration Licence 0058, held over Block 2113A. The license overlaps the under explored, distal offshore Walvis Basin and the proximal onshore Huab Basins, south of the Walvis Ridge in South West Africa. The License is held jointly by Nabirm (90%) and the National Petroleum Corporation of Namibia (Pty) Ltd (NAMCOR) (10%) http://www.namcor.com.na/hydrocarbon-licence-map. In addition to the License, Nabirm and NAMCOR are parties to a Petroleum Agreement dated 8 May 2012 between them and the Government of the Republic of Namibia through its Ministry of Mines & Energy.
Technical Partners Oilfield International Plc.
Established in 1990, Oilfield International http://www.oilfieldinternational.com provides technical, valuation, acquisition and contracts services to oil companies, to companies entering the oil industry by acquisition or startup, and to national governments. The company has hands-on experience of working worldwide, including the North Sea, Russia/CIS, Africa, the Middle East (especially Iraq) the Americas and particularly in the Republic of Namibia. Nabirm and Oilfield International have teamed up for the acquisition and processing of between 150 – 800 KM of 2D seismic on Block 2113A (PEL 0058) in the Walvis Basin in Namibia. Oilfield will work with Nabirm in making an assessment of the Geological Chance Of Success (“GCOS”) from the classical parameters (Structure/Trap; Seal, Reservoir; hydrocarbon charge; and Timing of hydrocarbon migration) using the available geological tools and data. This “Initial GCOS (“I-GCOS”) will be based on studies of: the depositional environment, Time-structure and Depth-converted maps (supported by seismic data and wells), geochemical studies of rocks, as well as properly balancing available well information.