TotalEnergies starts drilling vital well at golden block in Namibia

Fossil Energy – Drilling Namibia

TotalEnergies has started drilling a vitally important exploration well in its ‘golden’ block offshore Namibia, which if successful could double estimated resources of the Venus discovery to about 6 billion barrels of oil equivalent.

The French giant drilled the Venus-1X discovery well in February 2022 and this year is spending half its exploration budget on a two-rig exploration, appraisal and well testing campaign to determine just how big the discovery is.

A recent research note from Barclays said TotalEnergies estimates the discovery could hold more than 3 billion boe, and that the exploration well now drilling a potential western extension of the find could double this resource estimate.

Original Source: https://ocean-energyresources.com/2023/06/21/totalenergies-starts-drilling-vital-well-at-golden-block-in-namibia/