Chevron has announced that its exploration well, Kapana 1X, located in Namibia’s Orange Basin, did not yield commercial hydrocarbon reserves.
The well, situated in Block 2813B, governed by petroleum exploration license (PEL) 90 block, is operated by Harmattan Energy, an indirect subsidiary of Chevron.
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Operations provided valuable insights into key aspects of the basin, boosting confidence in the future programme for PEL 90, the company stated.
PEL 90 covers an area of 5,433km² in offshore southern Namibia. The licence area lies in water depths ranging from 2,300m to 3,300m.
Harmattan is the operator of PEL 90 with a 52.5% interest.
Sintana holds a limited carried interest in the PEL 90 licence. Trago Energy, a subsidiary of Custos Energy in which Sintana holds a 49% indirect interest, owns a 10% working interest in PEL 90. Qatar Energy holds a 27.5% interest, while the National Petroleum Corporation of Namibia holds a 10% stake.
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By GlobalDataSintana director Knowledge Katti said: “The geologic insights and improved confidence in the future programme on PEL 90 from these operations provides strong support for continued progress and value in our portfolio in Namibia’s Orange Basin, the world’s exploration hotspot.”
Sintana CEO said Robert Bose said: “We look forward to the many opportunities ahead to further unveil the quality of our unmatched position in the heart of the Orange Basin including the future activity on PEL 90 and the ongoing activity on PEL 83.”
The recent exploration activities in Namibia have attracted significant interest from oil companies, with some notable offshore discoveries. However, not all explorations have been successful.
Shell recently disclosed a $400m (£328.04m) write-down for an offshore discovery in Namibia that was deemed commercially unviable.
Namibia’s national oil company signed a development agreement with Chevron in April 2024, granting the company an 80% operating working interest in an offshore block (PEL 82) within the Walvis Basin.
Despite the under-explored nature of Namibia’s offshore region, which has seen only 19 wells drilled along its 1,600km coastline, the presence of quality source rocks and reservoir intervals has been confirmed.
