General Thoughts, page-4027

Yes, our neighbours are getting stuck in. Map following for newbies...

Chevron and Rhino gear up for exploration campaigns in Namibia

"Chevron and Rhino Resources have filed environmental documents to support what will be two closely watched wildcatting operations offshore Namibia. The US supermajor and South Africa-based Rhino will fire-up exploration campaigns in the fourth quarter of 2024 or early 2025 on their highly promising acreage in the hydrocarbon-rich Orange basin where, for the first time in around two years, no drilling rigs are currently active.

Chevron is gearing up to drill at least one probe in Block 2813B, north of TotalEnergy-operated acreage that hosts the huge Venus and Mangetti discoveries and west of a licence where Galp Energia recently declared that its Mopane discovery could host in-place resources of 10 billion barrels of oil equivalent. Rhino plans to drill two probes in Block 2914A, one targeting a prospect called Sagittarius that Namibia’s Petroleum Commissioner Maggy Shino recently described as “one of the most amazing prospects” she had ever seen.

Chevron has yet to state which prospect it will target first, although exploration sources suggested it will likely opt to drill features with the same geological age as Venus, Mangetti and Mopane. Shino said Rhino’s first well will be Sagittarius and the second is called Volans, although Azule will need to agree on drilling these targets. Late last month, she said Chevron would spud its first probe in either the fourth quarter of 2024 or the first quarter of 2025."