# Sintana Energy wins more time for Namibia licence

- Link: https://www.directorstalkinterviews.com/sintana-energy-wins-more-time-for-namibia-licence/4121246917
- Published: 2026-03-27T15:45:00+00:00
- Author: Amilia Stone

Sintana Energy has secured a 12-month extension on Petroleum Exploration Licence
87 offshore Namibia, pushing the first renewal exploration period to 22 January 
2027. For investors, the point is straightforward. The company and its partners 
now have more time to advance the licence, improve the technical case and try to
bring in a farm-in partner before a drilling decision is required.

PEL 87 covers blocks 2713A and 2713B in the Orange Basin. Sintana holds a 7.4% indirect
carried interest through Custos Investments, giving it exposure to the asset without
taking on the full cost of moving the programme forward.

The extension comes with specific work commitments. The joint venture is expected
to complete an environmental impact assessment, continue reprocessing and interpreting
part of the existing 3D seismic data, and work towards drilling at least one exploration
well by early 2027. These are standard but important steps. They help narrow technical
uncertainty, support planning and make the licence easier to market to potential
partners.

Sintana has said the extra time should support efforts to secure a farm-in partner
to help fund drilling and move the project forward. Offshore exploration wells are
expensive, and bringing in a partner can reduce funding pressure, spread risk and
strengthen confidence in the asset.

_**Sintana Energy Inc** (TSX-V:SEI, OTCQX:SEUSF) is a public oil and natural gas
exploration company listed on the Toronto Venture Exchange._

Share on: