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TotalEnergies has introduced a discovery of sunshine oil offshore of Namibia with “very promising preliminary outcomes”.
The so-called Venus discovery properly was drilled by TotalEnergies, because the operator, on behalf of a three way partnership group comprising TotalEnergies QatarEnergy Influence Oil and Fuel Namibia and Namcor, Namibia’s nationwide petroleum company.
The invention follows on a current discovery by Shell and companions on the close by Graff-1 properly and serves to substantiate the large potential of the Orange Basin as a significant oil and fuel supply.
TotalEnergies owns an essential place within the basin each in Namibia and South Africa.
The invention sits roughly 290 kilometres off the coast of Namibia, within the deep offshore. The properly was drilled to a complete depth of 6 296 metres and encountered a high-quality, gentle oil-bearing sandstone reservoir with “84 meters of internet oil pay”. Siraj Ahmed, CEO of Influence Oil & Fuel, stated in an announcement that the outcomes had “exceeded pre-drill expectations”.
“It is between 1.5 billion and a couple of billion barrels of sunshine oil. That’s an absolute monster,” one trade professional informed Fin24.
“This play-opening discovery firmly locations the deep-water Orange Basin as one of many world’s most fun areas for hydrocarbon exploration, and validates Influence’s deal with the extremely potential Southern Africa Cretaceous oil and fuel play, which extends from southern-most Namibia to the east coast of South Africa”, stated Philip Birch, Influence’s exploration director.
TotalEnergies stated a complete coring and logging program has been accomplished and can allow the preparation of appraisal operations designed to evaluate the commerciality of the invention.
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