UK-based oil and gas major bp has confirmed an oil and gas discovery at the Volans-1X exploration well in Namibia’s Orange Basin, where other international majors have made discoveries in recent years.
The Petroleum Exploration License (PEL) 85, where the well was drilled, is operated by Rhino Resources with a 42.5% working interest, while Azule Energy also holds 42.5%. NAMCOR and Korres Investments hold 10% and 5% interests, respectively.
bp holds a 50% interest in Azule Energy.
The Volans-1X exploration well, drilled using Northern Ocean’s semi-submersible Deepsea Mira, reached a total depth of 4,497.5 metres TVDSS (true vertical depth subsea) and successfully penetrated the Upper Cretaceous target.
According to a statement issued by bp, the well encountered 26 metres of net pay in gas condensate-bearing reservoirs, which showed excellent petrophysical properties and no observed water contact.
“Initial laboratory analysis of two samples indicated a high condensate-to-gas ratio (CGR) of 140 bbl/mmscf, with a liquid density of approximately 40° API gravity. The results are undergoing further evaluation,” the statement said.
The Volans-1X well marks the third significant hydrocarbon discovery in 2025 for Azule Energy and its partners, following the Capricornus-1X light oil find in Namibia and the Gajajeira-01 gas discovery in Angola.
bp has made eleven exploration discoveries so far this year across several basins, including the Far South discovery in the Gulf of Mexico and the 1-BP-13-SPS well at the Bumerangue block in Brazil’s Santos Basin, where it holds 100% participation.
Source:https://energynewsafrica.com
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