SUBSCRIBE
PROFILE

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:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.”

  • Popular on energynews.pro
G7 launches over 20 projects to counter Chinese influence on critical minerals
ACWA Power signs $10bn in energy and financing deals at FII9
Washington invests $100mn to modernise coal plants as exports drop 11%
Le TAP augmente ses nominations de gaz aux interconnexions européennes clés
The United States Moves Towards the Construction of New Nuclear Reactors
Pakistan cancels 21 Eni LNG cargoes and seeks to renegotiate its contracts with Qatar
Pakistan cancels 21 planned LNG cargoes from Eni due to a gas surplus and negotiates with Qatar for potential deferment or resale of shipments.
The $400 Million Israel-Cyprus Gas Pipeline Awaits Government Approvals
A $400 million natural gas pipeline connecting Israel to Cyprus, with a capacity of 1 billion cubic meters per year, is awaiting government approvals, according to Energean’s CEO.
Iran aims for 90% flare gas capture by 2027
Iran deploys 12 contracts and plans 18 more to recover 300 MMcf/d, inject 200 MMcf/d into the network, and deliver 800,000 tons/year of LPG, with an announced reduction of 30,000 tons/day of emissions.
Qatar threatens to suspend LNG exports to Europe over CSDDD directive
Qatar warns it could halt its liquefied natural gas (LNG) deliveries to the European Union if the CSDDD directive is not softened, a move that reignites tensions surrounding Brussels' new sustainability regulations.
Oman LNG renews its two-decade industrial partnership with Baker Hughes
Oman LNG has renewed its long-term services agreement with Baker Hughes, including the creation of a local digital center dedicated to monitoring natural gas liquefaction production equipment.
Eni and PETRONAS Create an ASEAN Upstream NewCo, $15B in Investments
The joint venture combines 19 assets (14 in Indonesia, 5 in Malaysia), aims for 300 kboe/d initially and >500 kboe/d, and focuses investments on gas to supply Bontang and the Malaysia LNG complex in Bintulu.
QatarEnergy awards EPC contract for 4.1 MTPA CCS project
QatarEnergy has awarded Samsung C&T Corporation an EPC contract for a 4.1 MTPA carbon capture project, supporting its expansion into low-carbon energy at Ras Laffan.
EU bans Russian LNG, Arctic bottlenecks and clauses under strain
The gradual ban on Russian cargoes reshapes European flows, increases winter detours via the Northern Sea Route and shifts risk toward force majeure and “change of law,” despite rising global capacity. —
Poland: Orlen Consolidates Gas, Targets Regional Hub Without Liberalization
Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.
SLB OneSubsea secures two EPC contracts for deepwater projects in Malaysia
SLB OneSubsea has signed two EPC contracts with PTTEP to equip multiple deepwater gas and oil fields offshore Malaysia, extending a two-decade collaboration between the companies.
CPV secures $1.1bn funding for 1,350 MW gas-fired power plant in Texas
US-based CPV will build a 1,350 MW combined-cycle natural gas power plant in the Permian Basin with a $1.1bn loan from the Texas Energy Fund.
Appalachia ramps up production: TETCO M2 basis firms, MVP advances
Producers bring volumes back after targeted reductions, taking advantage of a less discounted basis, expanding outbound capacity and rising seasonal demand, while liquefied natural gas (LNG) exports absorb surplus and support regional differentials.
Matador secures transport for 500,000 MMBtu/d of natural gas to the Gulf Coast
Matador Resources signs multiple strategic transportation agreements to reduce exposure to the Waha Hub and access Gulf Coast and California markets.
Boardwalk launches key phase of its Texas Gateway gas project at 1.45mn Dth/d
Boardwalk Pipelines initiates a subscription campaign for its Texas Gateway project, aiming to transport 1.45mn Dth/d of natural gas to Louisiana in response to growing energy sector demand along the Gulf Coast.
Global X launches natural gas ETF to capture US export growth
US-based asset manager Global X has unveiled a new index fund focused on the natural gas value chain, capitalising on the growing momentum of liquified natural gas exports.
Amplify Energy sells Texas assets for $127.5mn to reduce debt
US producer Amplify Energy has announced the full sale of its East Texas interests for a total of $127.5mn, aiming to simplify its portfolio and strengthen its financial structure.
Maple Creek accelerates 640 MW gas project with GE Vernova turbine
Maple Creek Energy has secured the purchase of a GE Vernova 7HA.03 turbine for its gas-fired power plant project in Indiana, shortening construction timelines with commercial operation targeted for 2029.
Talen Energy completes $2.69bn bond financing for two gas-fired power plants
Talen Energy has finalised a $2.69bn bond financing to support the purchase of two natural gas-fired power plants with a combined capacity of nearly 2,900 MW.
Excelerate Energy to build Iraq’s first floating LNG terminal in $450 mn deal
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop a floating liquefied natural gas import terminal at Khor Al Zubair, with a projected investment of $450 mn.
Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure
Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.