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Tuesday, May 16, 2023
A second rig, the DeepSea Mira, is expected to arrive in Namibia shortly to join the Venus appraisal campaign. The high-impact appraisal campaign commenced with the spud of the Venus-1A well, located 13km to the north of the discovery well Venus-1X, on March 4, 2023.
Africa Oil Corp, in its Q1 2023 results update, noted that the appraisal program is targeting up to four wells (including the re-entry of Venus-1X discovery well, in Block 2913B), to appraise the Venus light oil discovery and to investigate a potential westerly extension of Venus, the Nara prospect on Block 2912. The multi-well appraisal and exploration campaign in Namibia’s Orange Basin commenced on March 4, 2023.
Africa Oil has an interest in this program through its shareholding in Impact Oil and Gas Ltd. (Impact), which in turn has a 20.0% WI in Block 2913B and a 18.9% WI in Block 2912, giving Africa Oil effective interests of 6.2% and 5.9% in these blocks respectively.
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