The National Petroleum Corporation of Namibia (Namcor) on Thursday announced a major light oil and associated gas discovery on the Venus-1X prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
Namcor in a media statement on Thursday said the discovery is located approximately 290 kilometres off the coast of Namibia in the deep-water offshore exploration block.
It said the well was drilled to a total depth of 6 296 metres by the Maersk Voyager drillship, which encountered a high quality light oil-bearing sandstone reservoir of lower cretaceous age.
Block 2913B comprises a joint venture group that includes TotalEnergies (40 per cent), Qatar Energy (30 per cent), Impact Oil and Gas (20 per cent) and Namcor (10 per cent).
“Following the recent success of the Graff-1 well by Shell, this second light oil discovery by TotalEnergies has demonstrated the world-class potential of this new play in the deep-water of the Orange Basin, which could be a major game changer for Namibia’s economy and its people. We look forward to the upcoming appraisal programme to quantify the extent of this major discovery,” Namcor Managing Director Immanuel Mulunga was quoted as saying in the statement.
Source: The Namibian Press Agency
