Oregen Energy Corp will carry out high-resolution 2D and advanced 3D seismic surveys over Block 2712A in Namibia’s Orange Basin as it works to refine subsurface understanding and identify drilling targets.
Chief Executive Officer Mason Granger said the programme will begin with interpretation of existing 2D data in the third quarter of 2025, followed by new survey acquisition in the fourth quarter.
“Block 2712A is a highly prospective block. At a very superficial level, it’s on trend at a similar water depth to other major discoveries. This has been a hot exploration area with about 20 billion barrels discovered and counting,” he said.
The seismic work will also support Oregen’s planned farm-out process in early 2026, designed to attract major international oil companies.
“Our expectation is that the 3D seismic is going to help us resolve structures from a three-dimensional perspective. We think it ticks a lot of the boxes for the structures and elements of geology that we would expect to see for a block to be highly prospective,” Granger said.
He added that the surveys are central to preparing for potential appraisal drilling in late 2026 or 2027.
“This will allow us to resolve the types of structures that will allow a super major to drill an exploration well. It’s a lot of millions to do this, so we want to make sure we’re picking the drill locations with the best data possible,” he said.
Granger explained that Oregen aims to open a data room in 2026 once the 3D seismic is complete.
“With success, we aim to farm out to a super major for a cash payment while retaining a small carried interest,” he said.
The company recently completed an independent technical report assessing geological potential, hydrocarbon prospects and legacy seismic data.
Granger said the findings provide the foundation for the new programme, helping prioritise high-potential targets before costly exploration drilling.
“From our perspective in mitigating risk for potential shareholders, we’re employing a portfolio approach and building a portfolio of exciting prospects around the basin so that we’re not putting all of our eggs in one basket,” he said.
Oregen holds an effective 34% working interest in Block 2712A through its 48% stake in operator West Oil, which owns 70% of the block. The Namibian state oil company Namcor has a 15% interest, while local partner Petrovena Energy holds the remaining 15%.
