Impact Oil & Gas Accelerates Namibian Exploration with Ambitious Multi-Well Drilling Campaign

Impact Oil & Gas Accelerates Namibian Exploration with Ambitious Multi-Well Drilling Campaign

Africa-focused independent exploration company, Impact Oil&Gas has launched a multi-well drilling program offshore Namibia to assess the hydrocarbon reserves available in TotalEnergies’ large-scale Venus discovery, as well as their flow potential into adjacent blocks. Impact Oil&Gas owns an 18.89% stake in Block 2913B - which comprises the Venus discovery in the Orange Basin offshore Namibia - together with TotalEnergies (40%), QatarEnergy (10%) and Namcor (30%). The exploration campaign will include the drilling and re-entry of four wells in Block 2913B and 2912 leveraging the Tungsten Explorer drillship and the Deepsea Mira drill stem test as from the end of February 2023.

Siraj Ahmed, Chief Executive Officer of Impact Oil&Gas Limited, stated that the project is “designed to accelerate the appraisal of the Venus field and drill the first exploration well in our neighboring license, Block 2912. This program will provide vital information that will hopefully enable the joint venture to press ahead with development.”

With data from the program set to influence TotalEnergies’ planned development of the Venus discovery from as early as mid-2023, as well as the production center for Nara–1x well in Block 2912, Namibia is well on its way to kickstart its oil and gas market boom.

While Namibia seeks