Oil exploration company Rhino Resources Ltd has awarded a Namibia deepwater integrated multi-well construction contract to Halliburton.
Under the agreement, Halliburton will provide complete solutions to construct exploration and appraisal wells, along with testing services.
Halliburton will also extend its country operation facilities to support all product service lines from Namibia to enhance collaboration and maximize asset value for Rhino Resources and Namibian customers.
“Rhino is pleased to have established a collaboration with Halliburton and views this as an important driver in the continued growth of the Namibian oil and gas industry,” said Travis Smithard, Chief Executive Officer at Rhino Resources Ltd.
“The opportunity for catalyzing local services and the broadening of positive economic influence in Namibia are expected to establish a valuable legacy for the Namibian people well beyond our initial exploration campaign.”
According to the company, the energy service giant will begin work on the wells in the fourth quarter of 2024.
“This collaboration between Halliburton and Rhino Resources marks a strategic milestone to harness the full potential of Namibia’s oil and gas sector. Halliburton, with its collaborative approach and solutions engineering, is uniquely positioned to maximize asset value in this block with Rhino Resources. Together, we will establish a standard for innovation and economic growth in the industry,” said Jean Marc Lopez, Senior Vice President, Europe, Eurasia, and Sub-Saharan Africa at Halliburton.
With more than a decade of exploration in Namibia, Rhino Resources holds operatorship of Block 2914A (PEL 85).
The block, located in the shallower portion of the Orange Basin, is strategically located less than 20km from the nearest discovery and amidst multiple Namibian discoveries made over the last two years.
The block’s proximity to other international operators further underscores its strategic relevance.
In late 2022, Rhino conducted a 3D seismic survey that reinforced the block’s potential with multiple viable plays and drillable prospects.
In addition, Halliburton and Rhino Resources will uphold the emphasis on localization in Namibia’s oil and gas sector, with the aim to distribute the economic advantages of Namibia’s resources to the local community.
Halliburton is one of the world’s leading providers of products and services to the energy industry.
