TotalEnergies announced positive results on Wednesday from the Venus-1A appraisal well, situated in Block 2913B, approximately 13 km north of the Venus-1X discovery well.
During an investor day, the French oil major disclosed that it had also achieved positive results from the Venus-1X flow test, with confirmation pending from the upcoming flow test of Venus-1A.
TotalEnergies stated, ‘Further appraisal wells and prospects will be drilled, and a 3D seismic acquisition will cover the entire acreage.’
The Venus-1X exploration well was initiated in early December 2021, using the Maersk Voyager drillship. The Venus discovery comprises a light oil and associated gas field located in the Orange Basin, approximately 290 kilometers off the southern coast of Namibia, at a water depth of around 3,000 meters.
The French energy giant has allocated nearly 50% of its global exploration budget, totaling N$5.5 billion (US$300 million), to Namibia this year, with the goal of confirming the multibillion-barrel discovery in Block 2913B (PEL 56) within the Orange Basin.
Block 2913B covers an approximate area of 8,215 km² offshore Namibia, and TotalEnergies operates it with a 40% working interest, alongside QatarEnergy with 30%, Africa Oil’s Impact Oil and Gas with 20%, and the National Petroleum Corporation of Namibia (Namcor) with 10%.
The French energy giant is presently conducting a multi-well appraisal and exploration drilling program in Namibia, utilizing two rigs.
