The Orange Basin has "a lot of oil in place"...
TotalEnergies’ CEO confirms drilling of Venus appraisal well, notes ‘very big’ oil column
"TotalEnergies SE continues to test its Venus light oil discovery offshore Namibia, and while the operator awaits the dynamic data, chairman and chief executive officer Patrick Pouyanné said in an earnings call July 27 that “the oil column is very big.”
"Asked on the earnings call about expanding activity in the Orange basin across the border into South Africa, Pouyanné said the company’s current focus is on Namibia where the company has "a lot of oil in place." He said the company has geologists working on licenses in South Africa, but that the priority will be “to give value to Namibia if it’s confirmed.”
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