Home Business TotalEnergies makes large oil discovery off Namibia

TotalEnergies makes large oil discovery off Namibia

Operator TotalEnergies has made a significant discovery of light oil and associated gas off the coast of Namibia. This was stated by the company. The sources stated about the large discovery in the Venus-X1 well. Which is the second recent offshore discovery for the southern African country that has ambitions to become the continent’s newest oil producer.

Total said that its Venus prospect, located in block 2913B in the Orange Basin. They had found a good quality reservoir. The discovery was more than 1 billion barrels of oil equivalent, which is the second major offshore discovery in a month. This is after Shell also announced a significant find. Kevin McLachlan, TotalEnergies’ senior vice president for exploration stated that this discovery offshore Namibia and the very promising initial results prove the potential of this play in the Orange Basin. It is on which TotalEnergies owns an important position both in Namibia and South Africa.

McLachlan said that a comprehensive coring and logging programme has been completed. And that is to help with preparations for appraisal operations to assess the commercial merits of the discovery. TotalEnergies is the operator with a 40% working interest, alongside QatarEnergy (30%), Impact Oil and Gas (20%) and state-owned NAMCOR (10%).

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