Shell hopes to raise Kudu reserves in Namibia

Feb 13, 2002 01:00 AM

Shell hopes to raise the proven reserves at its Kudu gas field in Namibia from the current 1.3 tcf to 5 tcf by the third quarter of 2002. The company said that it has substantial reserves right now of 1.3 tcf and are aggressively drilling more wells to increase this number. The company expects to bring the proven reserves up to 5 tcf by second or third quarter of 2002.

Shell is the majority shareholder of the Kudu field, one of Africa's largest untapped offshore gas fields. Production at Kudu is expected to begin around 2005. The gas from Kudu will be used to convert an existing coal-fired power station near Cape Town to gas. It will also feed a gas-to-liquid plant, via an export pipeline and supply cleaner environmentally friendly gas to a host of industrial users.
Shell and the South African government will be looking into how they can help develop a gas infrastructure in South Africa. They will also evaluate the best way to bring the gas to South Africa.

The exercise is expected to be complete within six months after which both parties would make recommendations. In 1993 a Shell-led consortium, was awarded a license after independence in 1990, when South West Africa became Namibia. Shell has a 75 % stake in Kudu, ChevronTexaco 15 % and Energy Africa 10 %.

Source: Energy24
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