The National Petroleum Corporation of Namibia (Namcor) says significant progress is being made in the country’s oil and gas exploration activities.
In Block 2913B (petroleum exploration licence – PEL 56), TotalEnergies (50.5%, operator), QatarEnergy (30%), Impact Oil and Gas Namibia (9.5%) and Namcor (10%) are conducting extensive post-well studies on the Venus wells.
These studies, which include analysis of cores, logging data and fluid samples, are expected to continue through 2025.
“The joint venture is now progressing with fast-tracking the development studies of a potential Venus development. In addition, the spudding of the Tamboti-1X exploration well commenced in October 2024. Drilling operations are currently ongoing.
“Finally, technical evaluation on the block maturation and prospectivity are ongoing for further exploration and appraisal activities,” Namcor said in a statement on Friday.
In Block 2813A (PEL 83), Galp (80%, operator), Namcor (10%), and Custos Energy Ltd (10%) completed the Mopane-1A appraisal well in late November 2024.
The well encountered light oil and gas-condensate in high-quality reservoirs with favourable properties such as good porosity and low oil viscosity.
Alongside results from Mopane-1X and Mopane-2X, these findings confirm the quality of the AVO-1 reservoir.
The Mopane-2A well, spudded in December 2024, revealed gas-condensate in AVO-3 and hydrocarbon liquids in AVO-4.
“As part of the ongoing exploration and appraisal campaign in the wider Mopane area, the drillship has now spudded the Mopane-3X exploration well location on 2 January and drilling operations are ongoing.
In parallel, the joint venture is conducting a high-density and high-resolution proprietary 3D development seismic campaign over the Mopane complex,” Namcor said.
Meanwhile, Chevron Namibia Exploration (80%, operator), Namcor (10%), and Trago (10%) completed drilling the Kapana-1X exploration well in Block 2813B (PEL 90) earlier this month.
“While operations reached total depth ahead of plan, the well did not find commercial hydrocarbons. The operations, however, did provide valuable information on important aspects of the basin and our effective and efficient execution increases our confidence in our future programme on PEL 90,” Namcor said.
The joint venture will incorporate the well results and anticipate future exploration activity in Namibia.
In Block 2914A (PEL 85), Rhino Resources (42.5%, operator), Azule Energy (42.5%), Namcor (10%) and Korres (5%) are advancing the Sagittarius-1X exploration well, spudded in December 2024 using the Noble Venturer drillship.
The operation, part of a multi-well programme, is expected to be completed early this year.
BW Kudu (95%, operator) and Namcor (5%, with an additional 5% back-in right) are progressing the Kudu Gas-to-Power project in Block 2814A, Petroleum production licence 003.
“The joint venture is on course to submit the field development plan to the Ministry of Mines and Energy by the second quarter of 2025.
In addition, the joint venture is currently preparing for an appraisal drilling campaign of up to two wells of which the long lead items have already been purchased ahead of a third quarter 2025 spud date,” said Namcor.
Finally, Namcor announced that Block 2913A & 2914B (PEL 39) Shell Namibia (45%, operators), QatarEnergy (45%) and Namcor (10%) as joint venture partners are currently progressing with an extensive post well study of the cores and fluid samples acquired from the Jonker, Enigma and
Graff wells to improve the understanding of the reservoirs and expand that knowledge to other potential opportunities on the block.
These studies are expected to continue through 2025.
STUDIES
Namcor is also currently conducting in-house geological, geophysical and engineering studies to enhance the understanding of Namibia’s subsurface hydrocarbon potential.
These studies aim to provide valuable information to potential investors, enabling them to make informed decisions regarding exploration and investment opportunities.
“Furthermore, following the recent light oil discoveries offshore Namibia’s Orange basin, Namcor has seen increasing interest from potential upstream oil and gas investors.
To service its clients, Namcor continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-ins opportunities with existing acreage holders and licence applications through the Ministry of Mines and Energy,” the parastatal said.
It further said Namibia’s oil and gas sector is advancing significantly, with multiple high-impact wells, appraisal studies and seismic campaigns in the prolific Orange Basin.
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