PCL pancontinental energy nl

General Thoughts, page-6286

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    Chevron weeks away from debut well in sizzling Orange basin

    Analyst identified US supermajor’s target in Namibian deepwater play

    Northern Ocean’s semi-submersible Deepsea Bollsta.Northern Ocean’s semi-submersible Deepsea Bollsta.Photo: ODFJELL DRILLING


    US supermajor Chevron is within weeks of spudding a long-awaited debut exploration well in Namibia’s prolific Orange basin, with privately-owned Rhino Resources set to join the area’s latest drilling fest shortly after.

    After a months’ long drilling lull in the basin, TotalEnergies spudded its Tamboti-1X probe in late October, targeting a billion-barrel prospect close to its huge Venus oil discovery, while Galp Energia is now drilling ahead on its Mopane-2X appraisal well, designed to help delineate what the Portuguese player claims is a 10 billion barrel discovery.

 
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