The Capricornus-1X well, located in the Orange basin offshore Namibia, has revealed the presence of a light oil reservoir with excellent petrophysical quality. Drilling, initiated by the Noble Venturer on February 17, reached target depth on April 2, drilling through Lower Cretaceous formations.
Oil quality in Namibia
With a net productive thickness of 38 meters and no contact with water, the discovery represents a firm step in the exploration activities of the exploration activities in the block identified as Petroleum Exploration License 85 (PEL 85). Electrical logging, side core sampling and production testing were conducted during operations.
The recovered crude has an API gravity of 37°, low gas content and minimal CO₂ levels, with no traces of hydrogen sulfide. Production exceeded 11,000 barrels per day with a 40/64″ choke, indicating good reservoir pressure and quality. Additional laboratory studies are planned with the samples collected.
Participation of key companies in the discovery
Block PEL 85 is operated by Rhino Resourceswhich holds a 42.5% interest. Azule Energy, a joint venture between Eni and BP, holds an additional 42.5%, while Namcor and Korres Investments complete the corporate structure with 10% and 5% respectively.
The region has gained increasing attention in the energy sector for its geological potential. The discovery strengthens Namibia’s position as a new frontier for oil exploration in Africa. exploration frontier in Africa.. Although the well will be plugged temporarily and the platform released, the results position the companies involved on a clear path to future appraisal and development phases.
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Source: Eni
Photo: Shutterstock
