Petroleum Africa
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Wednesday, July 10, 2024
Reconnaissance Energy Africa (ReconAfrica) and its joint venture partner NAMCOR have announced the July 7 spudding of the Naingopo exploration well on Petroleum Exploration License 73 (PEL 73), onshore northeast Namibia.
The well will be drilled to a planned total depth of approximately 3,800 meters and is expected to encounter multiple reservoir intervals targeting both oil and natural gas.
Brian Reinsborough, President and CEO of ReconAfrica commented: “Our operations teams spud the well on July 7, 2024. We are extremely excited to be drilling this high impact Damara Fold Belt well that our technical and operations teams have been planning over the past 11 months, since I joined ReconAfrica. The Naingopo well represents the first well in a multi-well exploration drilling campaign on PEL 73. The well is anticipated to reach total depth of 3,800 meters (12,500 feet) and take 90 days to drill. This is a significant play opening well which may unlock a total potential resource of over 3.1 billion barrels of oil or 18 trillion cubic feet of natural gas based on the most recent prospective resource report prepared by Netherland, Sewell & Associates Inc.
Chris Sembritzky, Senior VP of Exploration commented: “The Naingopo exploration well is the first well to test the Damara Fold Belt play. In the event of success, the well would unlock significant oil and natural gas potential from our additional three prospects and 20 leads that have been mapped and defined. The Naingopo well is expected to test multiple reservoir intervals of which four are included in our third-party resource report from NSAI.”
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