The National Petroleum Corporation of Namibia (NAMCOR) is making progress with detailed post-well studies.
These studies involve analysing core samples, logging data, and fluid samples gathered from the Venus wells.
According to the company's latest operational update, this work will continue throughout 2025 in collaboration with its joint venture partners.
TotalEnergies, Qatar Energy, Impact Oil and Gas Namibia, and NAMCOR report good progress in their operations.
Following the recent light oil discoveries offshore Namibia's Orange Basin, NAMCOR has noted increasing interest from potential upstream oil and gas investors.
To service its clientele, Public Relations and Communication Specialist Utara Hoveka states that NAMCOR continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-in opportunities with existing acreage holders and license applications through the Ministry of Mines and Energy.
Namibia's oil and gas sector is said to be advancing significantly, with multiple high-impact wells, appraisal studies, and seismic campaigns in the prolific Orange Basin, which has become a hotspot of global attention.
Reflecting its tremendous hydrocarbon potential, notable progress includes the appraisal of prolific fields like Venus and Mopane, as well as new exploration initiatives such as ongoing drilling in PELs 56, 83, 85, and 90, along with currently ongoing development studies.
With this significant progress, NAMCOR hopes to attract more investors to its operations.