Sunday , March 16 2025

Exploring Namibia’s Offshore Potential: Impact Oil & Gas Updates on Block 2913B and 2912

As Impact Oil & Gas, in collaboration with TotalEnergies, QatarEnergy, and NAMCOR, progresses important projects in Blocks 2913B and 2912, Namibia’s offshore oil and gas development is gaining steam. Namibia’s deep-water potential is changing the game for the nation’s energy industry, as evidenced by recent drilling results and continuing development studies.

The country’s offshore aspirations have reached yet another significant milestone with the recent completion of drilling at the Tamboti-1X exploration well on Block 2913B. The Deepsea Mira semi-submersible drilling rig was used to drill Tamboti-1X to a depth of 6,450 meters, around 12 km northeast of the Mangetti-1X well and 25 km from the Venus-2A well.

According to preliminary research, an 85-meter net reservoir of Upper Cretaceous sandstones that is a component of the Mangetti fan system contains black oil. Despite the reduced grade of the sandstones, the discovery demonstrates that hydrocarbons are still present in the area. After completing a drill stem test (DST), additional research is being conducted to ascertain the product’s commercial potential.

The excitement doesn’t end there. On February 3, the Deepsea Mira spud the Marula-1X exploration well in the southern part of Block 2913B. This well is targeting Albian-aged sandstones within the Marula fan complex, a region believed to hold significant untapped resources. With the area located at the heart of the prolific Kudu source rock kitchen, successful drilling could unlock a new wave of exploration opportunities.

Looking ahead, the Deepsea Mira is also scheduled to drill the Olympe prospect at the end of 2025. Located in Block 2912, this prospect will further explore Albian sands within a structural closure, adding to the growing portfolio of Namibia’s offshore energy assets.

Impact and its partners are still working on the Venus Field, which was found in 2022. Three more wells have successfully entered the field since the ground-breaking Venus-1X well, and four drill stem tests have verified the existence of premium hydrocarbons.

Venus is expected to produce 150,000 barrels of ~45° API oil per day, making it the first significant development in Block 2913B. In the first half of 2026, the final investment decision (FID) is expected to be made, paving the way for Namibia to become a major force in the world energy market.

Large offshore regions with water depths of up to 3,900 meters are covered by Blocks 2913B and 2912. In 2014, Impact Oil & Gas moved into PEL 56 (Block 2913B), and NAMCOR, TotalEnergies, and QatarEnergy followed. With an emphasis on extensive, deep-water discoveries, the collaboration has put up endless effort to realize the basin’s potential.

2025 has begun with an exciting program of activities on Blocks 2912 and 2913B, with exploration continuing to prove up resources, while the Joint Venture rapidly advances towards the first development – the Venus Field – in our Namibia portfolio,” says Impact CEO Siraj Ahmed.

Impact holds a 9.5% interest in both Block 2913B and Block 2912. TotalEnergies serves as the operator, holding 50.5% and 47.2% in PEL 56 and PEL 91, respectively. QatarEnergy holds 30% in PEL 56 and 28.3% in PEL 91, while NAMCOR maintains a 10% and 15% interest in the respective blocks.

Namibia is gradually establishing itself as a major participant in the global oil and gas sector thanks to a number of finds and ongoing exploration wells. A bright future for the nation’s energy industry is indicated by the Venus Field’s continued expansion and the investigation of new opportunities, which might result in substantial economic gains through investment, job creation, and higher government revenue.

With each new drilling success, Namibia moves closer to transforming its offshore resources into a thriving industry, reinforcing its position on the global energy map.

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