Graff -.2, page-139

Before you get fair carried away with another one of your we're all doomed diatribe runs its 120mmbbls based on $70 p/b spot, text below. Totally dependant on porosity but in theory considering the sands they are targeting we presume this to be good. So you drill 6 horizontal wells from one platform, near top of reservoir,,, each a couple thousand feet or more horizontal and you get maybe 10-20,000 bbl a day per well for first 3-4 years....subsea/seabed completions and subsea production heads to storage and offtake stick 10 of those over your 600km2 and you got more than the Marlim peak production at a fraction of the cost.....
Anyway its my feeling they have blown the barn doors off with this well ( admin I am allowed to have feelings on a subject I hope , very difficult to substantiate my feelings of course). I also have a feeling somebody is prepping ( again ) a clark kent type who will report in a day or so.

Slainte

"TotalEnergies is at it again, and this time it's Namibia's deepest water exploration well to date. The Orange Sub-basin Venus-1 well follows the world record setting Ondjaba - 1 well (for water depth), which targeted a frontier play within the Congo Fan. The company's strategy "to target large deep-water prospects in frontier plays" although high risk, is also high reward - the 2019 basin-opening Brulpadda discovery, followed by the 2020 Luiperd discovery, is evidence enough. IHS Markit estimates Luiperd alone has a NPV in excess of USD 4 billion.So, if Venus is a success, what reward could TotalEnergies and the partners be chasing? Targeting a prospect with an area of roughly 600 km², Venus is one of the most anticipated wells worldwide for 2021. The Maersk Voyager spudded the well in early December, targeting a basin floor fan that the partners compare to the offshore East Campos Sub-basin Marlim field. For reference, the Marlim field was estimated to hold 2P reserves of 3 billion barrels and reached a peak production rate of over 200 MMbbls/d. Analysis of the Venus prospect suggests a minimum economic field size of around 120MMbbls at 70$/bbl. The favourable fiscal regime in the region suggests that a discovery equal to 300 Mbbls could have an NPV of around 1 billion MMUSD with a break-even below 50$/bbl."