TotalEnergies has announced that it has made a significant oil discovery off the coast of Namibia.
“The Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.This discovery offshore Namibia and the very promising initial results prove the potential of this play in the Orange Basin, on which TotalEnergies owns an important position both in Namibia and South Africa” said Kevin McLachlan, Senior Vice President Exploration at TotalEnergies on Wednesday.
“A comprehensive coring and logging program has been completed. This will enable the preparation of appraisal operations designed to assess the commerciality of this discovery.”
Block 2913B covers approximately 8,215 km² in deep offshore Namibia.
TotalEnergies commenced drilling its Veus-1, almost the same time Shell spudded Draff 1 on the same basin, in adjacent blocks.
This comes as Shell’s Graff-1 well is said to have proved a working petroleum system for light oil in the Orange Basin, offshore Namibia, 270 km from the town of Oranjemund, where drilling operations commenced in early December 2021 and were safely completed in early February 2022.
Shell is said to be spudding an appraisal well on its major Graff oil discovery offshore Namibia, a find that could contain about 400 million barrels of oil.
TotalEnergies is the operator with a 40% working interest, alongside QatarEnergy (30%), Impact Oil and Gas (20%) and NAMCOR (10%).
*This is a developing story.
