Victoria Sibeya, Namcor’s Executive of Exploration Upstream, announced at Invest in African Energies that the National Petroleum Corporation of Namibia plans to drill three oil and gas wells by the first quarter of 2025.
According to Sibeya, the wells are aimed at understanding the continuity of hydrocarbon flow from recent discoveries as well as finding new ones.
The drilling campaigns will be conducted with global oil and gas firms Galp in PEL 83, Chevron in PEL 90, and Rhino Resources, stated Sibeya.
Expanding on prospects within Namibia as well as activities carried out by Namcor to expand the oil and gas industry, Sibeya said the firm is investing in seismic data acquisition and appraisals in the Orange, Walvis, Namibe, and Luderitz Basins.
“We are doing a detailed study on the geology within the Walvis Basin, and we are finalizing a transaction with Chevron for them to enter the Basin,” stated Sibeya.
Sibeya notes that Namcor, in partnership with ExxonMobil, will drill more wells in block 1711 of the Namibe Basin to evaluate reservoir quality and minimize risks linked to a recent gas discovery. He added that exploration is progressing in the Luderitz Basin, where seismic data shows promising hydrocarbon prospects and flow.
