Oil and gas firm Rhino Resources has made a gas condensate discovery off the coast of Namibia in a well spudded by Deepsea Mira semi-submersible drilling rig.The…
Oil and gas firm Rhino Resources has made a gas condensate discovery off the coast of Namibia in a well spudded by Deepsea Mira semi-submersible drilling rig.
The discovery was made as part of a drilling campaign in Block 2914A, in the Orange Basin, part of the Petroleum Exploration License 85 (PEL85).
PEL85 is operated by Rhino with a working interest of 42.5%, with partners Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%).
The Volans-1X exploration well, spudded on July 31, 2025, using the Northern Ocean’s semi-submersible Deepsea Mira, reached a total depth of 4,497.5m TVDSS on August 30, 2025, penetrating the Upper Cretaceous target.
The well found 26-meter of net pay in rich-gas condensate bearing reservoirs, with the reservoir showing excellent quality petrophysical properties and no observed water contact.
According to Rhino Resources, hot shot laboratory analysis on two samples at the top and base of the reservoir interval showed a high condensate to gas ratio (CGR) of more than 140 and a liquid density of around 40° API gravity.
Hydrocarbon samples and sidewall cores were collected through intensive wireline logging operations. Laboratory studies
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