LE BRIEF

Namibia: Pancontinental seeks PEL 87 renewal and prepares reprocessing of 4,200 square kilometres of seismic data

LE BRIEF • 2026-10-28

The company proposes a new two-year term from 23 January 2027 with a drilling commitment. DUG Technology has been contracted to improve existing data, while renewal remains subject to a ministerial decision.

Original source : Original source

LE BRIEF — Wednesday, 28 October 2026 edition By the LE BRIEF newsroom Country : Namibia Event : Renewal application and seismic contract announced on 27 October 2026. Offshore drilling rig: supplied illustrative photograph. The image does not establish that a new well has been drilled on PEL 87. Pancontinental Energy announced that it has submitted an application to renew petroleum exploration licence PEL 87 in Namibia’s offshore Orange Basin. The 27 October 2026 update combines the application with a proposed drilling programme and improvements to existing seismic data. The company seeks a second two-year renewal period beginning on 23 January 2027. The proposed programme includes an exploration well within that period, subject to approval by Namibia’s authorities. DUG Technology selected to improve the data DUG Technology has been awarded a contract for an initial phase of three-dimensional seismic data reprocessing. The tests are intended to improve subsurface imaging and interpretation of structures that may contain hydrocarbons. Results will inform a broader programme covering approximately 4,200 square kilometres. This involves reprocessing existing data, not announcing that 4,200 square kilometres of new seismic acquisition have already been completed. A strategic licence with a conditional timetable PEL 87 covers approximately 10,970 square kilometres. Pancontinental...