TotalEnergies Discovers Large Oil Field off Namibia

Venus well could prove 2 billion-barrel find.

TotalEnergies in Namibia map

TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The Venus 1-X well encountered approximately 84 m of net oil pay in a good-quality Lower Cretaceous reservoir. The find’s potential reserves are estimated at 2 billion bbl of oil.

“This discovery offshore Namibia and the very promising initial results prove the potential of this play in the Orange Basin, on which TotalEnergies owns an important position both in Namibia and South Africa,” said Kevin McLachlan, senior vice president exploration at TotalEnergies. “A comprehensive coring and logging program has been completed. This will enable the preparation of appraisal operations designed to assess the commerciality of this discovery.”

Block 2913B covers approximately 8215 km2 in deep offshore Namibia.

TotalEnergies is the operator with a 40% working interest, alongside QatarEnergy (30%), Impact Oil and Gas (20%), and NAMCOR (10%).