TotalEnergies makes significant oil and gas discovery off Namibia
Energy giant TotalEnergies has made a significant discovery of light oil and gas off the coast of Namibia, the company announced on Thursday.
TotalEnergies said its Venus 1-X well, located in block 2913B in the Orange Basin, had found approximately 84 metres of net oil pay in a good quality lower cretaceous reservoir, without specifying the likely barrels of oil equivalent.
This is the second major offshore discovery in a month after Shell also announced a significant find earlier in February.
“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,” Kevin McLachlan, Senior Vice President Exploration at TotalEnergies, said in a statement.
“A comprehensive coring and logging programme has been completed. This will enable the preparation of appraisal operations designed to assess the commerciality of this discovery,” he added.
Block 2913B covers approximately 8,215 sq km in deep offshore Namibia, and TotalEnergies is the operator with a 40 percent working interest, alongside QatarEnergy (30 percent), Impact Oil and Gas (20 percent) and NAMCOR (10 percent).
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

Oil Steadies as Trump’s Reciprocal Tariffs Add to Trade Tensions

Isuzu to Build Car Plant in South Carolina as Trump Tariffs Loom

SoftBank Weighs Debt-Heavy Financing in $500 Billion AI Push

Stocks Climb as Traders Brush Aside Tariff Threats: Markets Wrap

Moove Works to Control Fire Within Complex in Rio de Janeiro

Stocks Slide as Tariff Angst Adds to Price Worries: Markets Wrap

China’s Oil Teapots Cut Runs to Pandemic Levels After Sanctions

China Refiners Set to Resell US Oil Cargoes After Tariff Blitz

Shell starts up new facility in UK North Sea, restoring production from the Penguins field
