WINDHOEK, Feb 24 – NAMCOR, for the second time this month, has announced the discovery of major light oil and associated gas, with the latest announcement relating to its Venus-1X prospect.
“National Petroleum Corporation of Namibia – (NAMCOR), the Namibian state-owned oil company is pleased to announce a major light oil and associated gas discovery on the Venus-1X prospect, located in block 2913B (PEL 56) in the Orange
Basin, offshore southern Namibia,” Namcor said in a statement Thursday.
The Venus-1X discovery is located approximately 290 kilometres off the coast of Namibia, in the deep-water offshore exploration block.
“The well was drilled to a total depth of 6,296 metres, by the Maersk Voyager drillship, and encountered a high quality, light oil-bearing sandstone reservoir of Lower Cretaceous age.”
Block 2913B (PEL 56) comprises a Joint Venture group that includes TotalEnergies (40%), QatarEnergy (30%), Impact Oil and gas (20%), and NAMCOR (10%).
Managing Director, Immanuel Mulunga, said: “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.”
Earlier this month, NAMCOR announced that the Graff-1 deep-water exploration well had made a discovery of light oil in both primary and secondary targets.
The Graff-1 deep-water exploration is NAMCORs partnership with, Shell Namibia Upstream B.V and Qatar Energy
– musa@namibiadailynews.info
