"TotalEnergies has won “Discovery of the Year” from Wood Mackenzie for its Venus find, offshore Namibia.
Latham said the industry admired “operators who can not only open new frontiers, but also find large volumes of advantaged resources. TotalEnergies recent efforts and discoveries have been excellent examples of both trends.”
Latham noted the water depth of the Venus discovery, in 3,000 metres. It is “truly a play opener that has the entire industry very excited,” said Latham. “If this project is able to move forward, it will establish an important new industry for Namibia.”
Total CEO Patrick Pouyanné has described the company’s Namibian licence as a potential “golden block”, a reference to the highly productive Block 17 in Angola.
The French company drilled the Venus find in early 2022. It returned to exploration and appraisal on the block this year and is nearing a flow test. WoodMac has said Venus could hold 3 billion barrels of oil equivalent recoverable. Such a find could provide a development of 250,000 barrels per day."
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