Successful Oil and Gas Appraisal Well Drilled in Namibia's Orange Basin
TL;DR
Custos Energy's successful appraisal at Mopane-1A confirms the potential of the Namibian Orange Basin, providing a strategic advantage in the oil and gas industry.
The exploration and appraisal campaign on blocks 2813A and 2814B in Namibia's Orange Basin confirmed the extension and quality of AVO-1, with additional high-resolution proprietary 3D seismic campaign set to start in December 2024.
Custos Energy's discovery in Namibia's Orange Basin contributes to a better and sustainable future for all, especially the stakeholder communities, and aims to provide support and opportunity for the youth of Namibia.
The Mopane-1A appraisal well encountered light oil and gas-condensate in high quality reservoir-bearing sands, indicating good porosities, high permeabilities, and high pressures.
Found this article helpful?
Share it with your network and spread the knowledge!
Custos Energy, along with partners Galp Energia and NAMCOR, has successfully completed the Mopane-1A appraisal well in Namibia's Orange Basin, marking a significant milestone in the region's oil and gas exploration efforts. The well, drilled in blocks 2813A and 2814B under Petroleum Exploration License 83 (PEL 83), encountered light oil and gas-condensate in high-quality reservoir-bearing sands.
The Mopane-1A well, the third in the current exploration campaign, has confirmed the extension and quality of the AVO-1 prospect. The findings indicate good porosities, high permeabilities, and high pressures, with low oil viscosity and minimal impurities. These characteristics suggest the potential for efficient and economical extraction of the resources.
This latest success follows the initial two-well exploration campaign earlier in 2024, which resulted in discoveries estimated at 10 billion barrels of oil equivalent in original oil in place. A drill stem test conducted during that campaign achieved a flow rate of 14,000 barrels of oil equivalent per day, limited only by infrastructure constraints.
The implications of these discoveries are far-reaching. For Namibia, it represents a potential economic windfall and could transform the country into a significant player in the global energy market. The development of these resources could lead to substantial foreign investment, job creation, and increased government revenues.
Globally, the emergence of Namibia's Orange Basin as a major oil and gas province could impact energy markets and geopolitics. As countries seek to diversify their energy sources, Namibia's resources may become increasingly strategic.
The PEL 83 joint venture partners plan to continue their exploration and appraisal activities, including additional wells and a high-resolution 3D seismic campaign scheduled for December 2024. These efforts will further delineate the extent and potential of the discoveries, providing crucial data for future development decisions.
As the exploration campaign progresses, the international energy industry will be closely watching Namibia's Orange Basin. The success of the Mopane complex could attract more investment to the region and potentially accelerate Namibia's emergence as a significant energy producer on the global stage.
Curated from News Direct
