Repsol plans to spud the Welwitschia-1 well in Petroleum Exploration Licence(PEL) 0010 in the Walvis Basin, offshore Namibia in mid-February 2014. The Spanish operator will take delivery of the Rowan Renaissance (UDW drillship) in December 2013, when it will move directly to Namibia. A drilling location has been agreed, a site survey largely completed and the longest lead items are being manufactured, according to Tower Resources, which holds 30% in the acreage.
The Welwitschia-1 well will target reservoirs at several levels and age zones ranging from Paleocene to Albian. Repsol operates PEL 0010 with 44% interest. Arcadia Energy holds 26%