88 Energy Lt. and Reconnaissance Energy Africa Ltd. are stepping up exploration activities onshore Namibia, pushing ahead with separate programmes in the Owambo and Kavango basins.
88 Energy, an Australia-based oil and gas exploration and production company, has started a 2D seismic data acquisition programme in Namibia's Owambo Basin, a move that may help unlock the potential of the underexplored region. The company entered the promising onshore exploration block earlier this year, joining the growing number of explorers seeking to tap the southern African country’s vast hydrocarbon potential.
The company’s seismic programme, conducted with partner Monitor Exploration (Namibia), will cover 18,500 square kilometers and acquire at least 200 kilometers of seismic data, according to an official statement. Completion is expected in the third quarter, with data processing to be finished in the fourth quarter.
Polaris Natural Resources Development Ltd, Canada’s longest standing seismic company, was awarded the contract for the seismic acquisition programme and began mobilizing equipment in late June.
Meanwhile, Reconnaissance Energy Africa Ltd., and its joint venture partner NAMCOR, the state oil company of Namibia, has already announced the spudding of the Naingopo exploration well in the Damara Fold Belt, within the Kavango basin. The well, which spudded on July 7, 2024, will be drilled to a planned total depth of approximately 3,800 meters and is expected to encounter multiple reservoir intervals targeting both oil and natural gas.
The Naingopo well is targeting 163 million barrels of prospective oil resources or 843 billion cubic feet of prospective natural gas resources.
“The Naingopo exploration well is the first well to test the Damara Fold Belt play,” Senior VP of Exploration at Reconnaissance Energy Africa Ltd, Chris Sembritzky, said in a company statement. “In the event of success, the well would unlock significant oil and natural gas potential from our additional three prospects and 20 leads that have been mapped and defined.”
The Owambo Basin has drawn increased interest in recent months, particularly in the deeper and largely untested Damara Play. That area has generated 19 prospects and four leads certified by third-party resource auditor NSAI.
ReconAfrica’s activities in the Kavango basin have also generated significant interest, with the company planning to drill four wells in the region. The Canadian oil and gas company is also progressing with its farm-out joint venture process and has received $1.9 million in proceeds from warrant exercises in the past month.
The company’s seismic programme, conducted with partner Monitor Exploration (Namibia), will cover 18,500 square kilometers and acquire at least 200 kilometers of seismic data, according to an official statement. Completion is expected in the third quarter, with data processing to be finished in the fourth quarter.
Polaris Natural Resources Development Ltd, Canada’s longest standing seismic company, was awarded the contract for the seismic acquisition programme and began mobilizing equipment in late June.
Meanwhile, Reconnaissance Energy Africa Ltd., and its joint venture partner NAMCOR, the state oil company of Namibia, has already announced the spudding of the Naingopo exploration well in the Damara Fold Belt, within the Kavango basin. The well, which spudded on July 7, 2024, will be drilled to a planned total depth of approximately 3,800 meters and is expected to encounter multiple reservoir intervals targeting both oil and natural gas.
The Naingopo well is targeting 163 million barrels of prospective oil resources or 843 billion cubic feet of prospective natural gas resources.
“The Naingopo exploration well is the first well to test the Damara Fold Belt play,” Senior VP of Exploration at Reconnaissance Energy Africa Ltd, Chris Sembritzky, said in a company statement. “In the event of success, the well would unlock significant oil and natural gas potential from our additional three prospects and 20 leads that have been mapped and defined.”
The Owambo Basin has drawn increased interest in recent months, particularly in the deeper and largely untested Damara Play. That area has generated 19 prospects and four leads certified by third-party resource auditor NSAI.
ReconAfrica’s activities in the Kavango basin have also generated significant interest, with the company planning to drill four wells in the region. The Canadian oil and gas company is also progressing with its farm-out joint venture process and has received $1.9 million in proceeds from warrant exercises in the past month.
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