ReconAfrica targets 365 million barrels in its largest drilling campaign in Namibia

Reconnaissance Energy Africa Ltd. continues preparations at Prospect I, located in licence PEL73 in Namibia, aiming for 365 million barrels of unrisked oil resources.

Share:

Gain full professional access to energynews.pro from 4.90£/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90£/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 £/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99£/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 £/year from the second year.

Reconnaissance Energy Africa Ltd., listed on the stock exchanges of Toronto, Frankfurt, Namibia, and the United States, has issued an update on ongoing drilling operations at Prospect I, the largest site in its Namibian exploration programme. This onshore prospect lies within Petroleum Exploration Licence 073 (PEL73) and marks a significant phase in the company’s strategy to assess undiscovered resources in the Kavango Basin.

According to the latest prospective resources report from the independent firm Netherland, Sewell, & Associates Inc. (NSAI), Prospect I is targeting approximately 365 million barrels of light to medium unrisked oil resources and 32 million barrels of risked resources. These estimates are based on a 100% working interest held by ReconAfrica. The site is also estimated to contain up to 1.9 trillion cubic feet of unrisked natural gas and 140 billion cubic feet of risked gas resources.

Technical preparations ahead of drilling

The company confirmed that pre-construction activities at the site remain on schedule and that pre-drill assessments have been completed. The current drilling plan anticipates a target depth of 3,800 metres, with flexibility to reach greater depths if geological conditions permit, as demonstrated during the Naingopo exploration well.

The primary geological targets include the Otavi section, estimated to be between 1,500 and 1,800 metres thick. This formation showed favourable characteristics in previous operations, particularly at the Naingopo well, where over 50 metres of reservoir-quality carbonates were encountered, alongside indications of hydrocarbons.

Geological learnings and developments

Data collected from the Naingopo drilling effort has enabled refinement of the geological model for the Damara Fold Belt, a complex structure being targeted by ReconAfrica. Analysis improved understanding of time and depth migration patterns for the Mulden and Otavi layers, reinforcing the company’s broader exploration approach.

Brian Reinsborough, President and Chief Executive Officer of Reconnaissance Energy Africa Ltd., stated: “The results from the Naingopo well increased our confidence in the potential of Prospect I. We remain on track to spud the well this quarter.”

NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
Enbridge announces the implementation of two major natural gas transmission projects aimed at strengthening regional supply and supporting the LNG market.
Commonwealth LNG’s Louisiana liquefied natural gas project clears a decisive regulatory step with final approval from the U.S. Department of Energy for exports to non-free trade agreement countries.
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
Hokkaido Gas is adjusting its liquefied natural gas procurement strategy with a multi-year tender and a long-term agreement, leveraging Ishikari’s capacity and price references used in the Asian market. —
Korea Gas Corporation commits to 3.3 mtpa of US LNG from 2028 for ten years, complementing new contracts to cover expired volumes and diversify supply sources and price indexation.
Petrobangla plans to sign a memorandum with Saudi Aramco to secure liquefied natural gas deliveries under a formal agreement, following a similar deal recently concluded with the Sultanate of Oman.
CTCI strengthens its position in Taiwan with a new EPC contract for a regasification unit at the Kaohsiung LNG terminal, with a capacity of 1,600 tonnes per hour.
Exxon Mobil forecasts sustained growth in global natural gas demand by 2050, driven by industrial use and rising energy needs in developing economies.
Capstone Green Energy received a 5.8-megawatt order for its natural gas microturbines, to be deployed across multiple food production facilities in Mexico through regional distributor DTC Machinery.
Private firm Harvest Midstream has signed a $1 billion acquisition deal with MPLX for gas processing and transport infrastructure across three western US states.
Sempra Infrastructure and EQT Corporation have signed a 20-year liquefied natural gas purchase agreement, consolidating Phase 2 of the Port Arthur LNG project in Texas and strengthening the United States’ position in the global LNG market.
Subsea7 was selected to lead phase 3 of the Sakarya gas field, a strategic contract for Türkiye’s energy supply valued between $750mn and $1.25bn.
Tokyo protests against Chinese installations deemed unilateral in a disputed maritime zone, despite a bilateral agreement stalled since 2010.
Bp has awarded Baker Hughes a long-term service agreement for the Tangguh liquefied natural gas plant, covering spare parts, maintenance and technical support for its turbomachinery equipment.

Log in to read this article

You'll also have access to a selection of our best content.