African oil and gas company Rhino Resources plans to drill an appraisal well on a Namibian prospect next year and take a flow test on another as it races TotalEnergies…
African oil and gas company Rhino Resources plans to drill an appraisal well on a Namibian prospect next year and take a flow test on another as it races TotalEnergies to first oil in the southern African nation, its chief executive said.
The appraisal well, potentially part of a block-wide program and subject to government approval, is planned for Capricornus where light oil was found and a flow rate of 11,000 barrels a day tested, while the drill stem test is planned for Volans, its latest high liquid-yield gas condensate find.
The new data will help guide the company as it looks to fast-track its discoveries offshore Namibia, where TotalEnergies expects to take a final investment decision (FID) on its Venus field next year.
"There's a fair amount of uncertainty at this stage, not because of the quality of discoveries, but more because we have such optionality on our hands we want to make sure we make the right decision for the right reason," CEO Travis Smithard said.
He was speaking to Reuters at Rhino Resources' headquarters in Cape Town.
Options include possibly co-developing Capricornus and Volans, which are only 15 km (9 miles) apart, he said, as the company also
Content Original Link:
" target="_blank">
