Orange Basin

NAMCOR Completes Drilling of Sagittarius-1X Well

The National Petroleum Corporation and its partners have completed drilling the Sagittarius-1X exploration well in Block 2914 of the Orange Basin. NAMCOR’s Manager of Marketing, Communications, and Public Relations, Paulo Coelho: indicates that drilling began on 18 December 2024 using the Noble Venturer drillship and reached total depth on 6 February 2025.

19 February, 2025 59

Business / Economics

Namcor reports on operational progress of Venus wells

Exterior view of the NAMCOR (National Petroleum Corporation of Namibia) offices The National Petroleum Corporation of Namibia (Namcor) has made significant progress in its post-well studies for the Venus oil wells. The studies, which include analysing core samples, logging data, and fluid samples, form part of Namibia’s growing oil exploration activities in the Orange Basin. Ongoing collaboration and operational updates Namcor’s latest operational update indicates […]

27 January, 2025 99

Business / Economics

Immanuel Mulunga Highlights Low Odds of Finding Viable Oil in Namibia

Former petroleum commissioner, Immanuel Mulunga, estimates a 25–35% chance of companies discovering commercially viable oil in Namibia. Speaking with local media, the ex-Namcor managing director commented on Chevron’s recent announcement about failing to find hydrocarbons in the Orange Basin. Mulunga emphasized that oil exploration remains a high-risk endeavor.

17 January, 2025 181

Business / Economics

No oil: Sintana Energy optimistic despite Kapana 1-X outcome

Exploration map TORONTO, 15 January 2025 — Sintana Energy Inc. has given an operational update on the Kapana 1-X exploration well, located on Block 2813B within Petroleum Exploration License 90 (PEL 90). The block is operated by Harmattan Energy Limited, a subsidiary of Chevron Corporation, with Trago Energy (Pty) Ltd., a Custos Energy subsidiary in which Sintana holds a 49% indirect interest, owning a 10% working interest in the […]

16 January, 2025 31

Business / Economics

Shell’s challenges may reflect wider issues for oil drilling companies

Shell used the Deepsea Bollsta rig, formerly known as West Bollsta for its drilling campaign in Namibia's Orange Basin; Source: Odfjell Drilling Energy lawyer Shakwa Nyambe has cautioned that the challenges Shell is facing in the Orange and Walvis Basins may soon affect other oil drilling companies operating in these regions. His remarks follow the UK-headquartered energy giant's recent write-down of US$400 million in the Orange Basin. Speaking to […]

13 January, 2025 105

Business / Economics

NAMCOR Expands Oil Exploration in Orange Basin

The National Petroleum Corporation has announced plans to drill four new exploration and appraisal wells in the Orange Basin, between later this year and early 2025. Working with joint venture partners, NAMCOR aims to build on recent successful oil discoveries and data from advanced seismic surveys. The corporation's Paulo Coelho:

13 November, 2024 43

Local

NAMCOR UPDATE ON UPSTREAM OPERATIONS

Windhoek, Namibia — The National Petroleum Corporation of Namibia (NAMCOR) provides an update on the country's ongoing upstream activities. NAMCOR Exploration and Production (E&P), in collaboration with joint venture partners in PELs 56, 83, 85, and 90, will commence drilling four exploration and appraisal wells in the Orange Basin, offshore Namibia, between Q4 2024 and Q1 2025. This expansion in upstream oil and gas activities follows successful discoveries since 2022, […]

12 November, 2024 25

Business / Economics

About 10 billion barrels of oil discovered off Namibia’s coast

An estimated 10bn barrels of oil has been discovered in Namibia, Portuguese oil company Galp Energia has said. The company told Bloomberg News that it had made the potential find after concluding its first phase of oil exploration in the Mopane field off Namibia's coast. Vast oil and gas reserves have been discovered in Namibia's Orange Basin, where Mopane is located, in recent years. Namibia is eyeing an entry into […]

22 April, 2024 112

Business / Economics

Namibia may tap its trillion dollar oil & gas windfall to fuel renewables ambitions.

By Bonface Orucho, bird story agency Namibia has been advancing extensive oil and gas exploration, and making substantial discoveries. Portuguese oil and gas company recently announced another discovery of “a significant column” of light oil in high-quality reservoirs. A press statement from Galp on March 15, confirmed the find at the Mopane-2X well in the larger Orange Basin, off the Namibian Coast, adding to its oil discovery […]

20 March, 2024 61