The National Petroleum Corporation of Namibia (NAMCOR) is set to embark on a drilling program, planning three new oil and gas wells by the first quarter of 2025.
The announcement was made by Victoria Sibeya, NAMCOR’s Executive of Exploration Upstream, during a technical workshop at African Energy Week: Invest in African Energies 2024.
Sibeya said the drilling campaigns is aimed at investigating the continuity of hydrocarbon flows from recent discoveries and to uncover new reserves.
The initiatives will be carried out in partnership with global energy companies, including Galp in PEL 83, Chevron in PEL 90, and Rhino Resources.
NAMCOR’s exploration efforts are part of a broader investment in expanding Namibia’s oil and gas industry.
The national oil company is actively acquiring seismic data and conducting appraisals across multiple basins, including 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,” said Sibeya.
Additionally, NAMCOR is planning further exploration in collaboration with ExxonMobil in Block 1711 of the Namibe Basin, with the goal of assessing the reservoir quality of a gas discovery.
In the relatively untapped Luderitz Basin, seismic data continues to show promising hydrocarbon prospects, which NAMCOR is closely monitoring.
“We continue to do more work in our least explored Basin, the Luderitz, where we are seeing many hydrocarbons prospective and flows from our seismic data,” Sibeya said.
Namibia has seen significant oil discoveries in recent years, including Graff-1X, Venus-1X, Jonker-1X, and Lesedi-1X, in collaboration with major international partners such as Shell, Qatar Energy, Total, and Impact, alongside NAMCOR.
