All Namibia News’ Post

Chevron and Rhino Resources have filed environmental documents to support what will be two closely watched wildcatting operations offshore Namibia. The US supermajor and South Africa-based Rhino will fire-up exploration campaigns in the fourth quarter of 2024 or early 2025 on their highly promising acreage in the hydrocarbon-rich Orange basin where, for the first time in around two years, no drilling rigs are currently active. Chevron is gearing up to drill at least one probe in Block 2813B, north of TotalEnergies-operated acreage that hosts the huge Venus and Mangetti discoveries and west of a licence where Galp Energia recently declared that its Mopane discovery could host in-place resources of 10 billion barrels of oil equivalent. Rhino plans to drill two probes in Block 2914A, one targeting a prospect called Sagittarius that Namibia’s Petroleum Commissioner Maggy Shino recently described as “one of the most amazing prospects” she had ever seen. Last week, the Eni-bp joint venture of Azule Energy struck a deal to take a large non-operating stake in a block that lies immediately east of a Shell-controlled licence where it has made five discoveries, and just southeast of Galp’s prolific Mopane discovery. https://lnkd.in/dCnpY6FU

African Exploration, What to be on the Lookout for in 2024 🌍 Repeated successes from exploration campaigns offshore Namibia have reminded global stakeholders that betting on African exploration is rewarding. In 2024, several drilling campaigns are scheduled to take place and could further confirm the continent’s natural resources potential. Here’s an exclusive insight into the key wells we will be on the lookout for. READ HERE: https://lnkd.in/dYYKZPm8 #offshore #investinginafricanenergy #naturalresources

Argentina Exploration Alert! Local reports indicate that Equinor deepwater Argerich-1 exploration well in CAN-100 in Argentina’s Northern Basin was dry. YPF and Shell are partners in the well.   The Argentina Norte Basin is analogous to Namibia’s Orange Basin, although Argerich is a structural prospect versus the basin floor fans found in Namibia. Multiple blocks are licensed around CAN-100, and Shell is currently in the process of acquiring 3D seismic over CAN-107 and CAN-109 (in partnership with QatarEnergy).

Potiguar's shallow waters hold very modest, commercially viable reserves of oil and gas. Still, Petrobras is set on making a noteworthy discovery in the basin's deepwater fields. The NOC will settle for drilling in Potiguar until CEO Jean Paul Prates can convince IBAMA President Rodrigo Agostinho that Petrobras can safely explore for hydrocarbon where it really wants: Block 59 of the Foz do Amazonas Basin. #Brazil #OilAndGas #Petrobras

The #oil industry is pushing the limits of #offshore exploration with plans to #drill a record-setting #deepwater well in Colombia within months.

New Zealand to Reverse its 2018 Offshore Oil Exploration Ban

AOW: Investing in African Energy has created an overview on #African #Exploration and which drilling campaigns and exploration areas to be on the lookout for in 2024 🌍 Repeated successes from exploration campaigns offshore #Namibia have reminded global stakeholders that betting on African exploration is rewarding. In 2024, several drilling campaigns are scheduled to take place and could further confirm the continent’s natural resources potential. Below is an insight into the key wells we will be on the lookout for. https://lnkd.in/e9tSwigv #offshore #investinginafricanenergy #naturalresources #AOW

First well in 10 years at environmentally sensitive area ends in disappointment Petrobras said drilling of Pitu Oeste probe in Brazil’s offshore northern equatorial margin’s Potiguar basin was ‘inconclusive’ Petrobras encountered traces of hydrocarbons with the drilling of the Pitu Oeste probe in Block BM-POT-17 in the deep-water portion of the Potiguar basin. However, the amount of oil and natural gas discovered was “inconclusive” towards a potential development. https://lnkd.in/dpz8r6Nn

Equinor has completed #drilling an #offshore exploration well in the North Argentine basin and classified it as dry. While the geological model was confirmed, no clear indications of #hydrocarbons were found. Argerich I was the first #ultradeepwater well drilled off the coast of Buenos Aires province. Read more by our sister publication Oil & Gas Journal at https://lnkd.in/gkFyPZyK.

ReconAfrica’s onshore Namibia play may host 3.4 billion barrels of oil: Namibia-focused junior Reconnaissance Energy Africa (ReconAfrica) has received a significant fillip for its 2024 exploration campaign in the frontier Kavango basin after an independent resource assessor estimated that prospects on its acreage could house 3.4 billion barrels of potentially recoverable oil. Toronto- and Frankfurt-listed ReconAfrica holds a 90% stake in