Namibia’s Owambo Basin is set for increased oil activity as 88 Energy plans its next phase to identify drilling sites in early 2026.
The company will focus on assessing the potential of its petroleum exploration licence (PEL) 93 block.
Recent processing of 200 km of two-dimensional seismic data has revealed notable structural features in this largely underexplored basin.
Preparations are underway for a planned multi-reservoir exploration well, depending on the final seismic interpretation and joint-venture funding decisions.
The proposed well aims to target several formations, reflecting increasing confidence in the basin’s resources.
Evaluation will also incorporate aero-gravity data and results from nearby drilling, with the first half of 2026 dedicated to selecting the best drilling locations.
Activity in neighboring areas supports the basin’s promise, as ReconAfrica’s Naingopo-1 well intersected over 50 m of net reservoir, and the Kavango West 1X well recorded multiple oil and gas shows.
88 Energy holds a 20% non-operated working interest in PEL 93, which covers about 914,000 net acres.
source: www.namibian.com.na
African Energy Council