If there is a place in which the exploration and drilling activity to search for oil is ‘febril’, that site is Namibia. The new oil borderthe country in which large oil companies are putting all the meat on the grill to search, explore and extract new oil. Good proof of this are the last findings (all in the prolific Oragne basin), such as the one just communicated by ENI and BP and that gives rise to this article. This is a constant drib Reuters.
Until ‘four days’, very few knew Namibia. Only those safaris fans, adventure and deserts would be able to point out this huge country (almost all desert) in terms of surface. Although Namibia is huge, only 2.6 million inhabitants and represents an insignificant portion of world GDP, so it goes unnoticed by economic analysts or media. With these data, any bet that its great oil discoveries have been made on land or in the desert … however, Namibia is being made ‘famous’ because he is the protagonist of some of the most important deep water discoveries in the world in recent years. A finding that does not stop growing (attracts new investments in explorations in the surroundings of this finding) before the new discoveries such as the statement a few days ago by ENI and BP. Now, not only nature lovers and safaris know Namibia, the Traders of oil And the managers and engineers of the oil companies know very well where this country is.
Although crude oil discoveries in Namibia have become something relatively normal, the last one has generated great expectation for the supposed quality of crude oil. The African energy exploration company Rhino Resources (participated by BP and ENI) has found light oil in the second well that ‘gives right in the center of the Diana’. This well has been called Capricornus 1-Xand has been drilled in the prolific Orange basin, off the coast of Namibia. The company, based in Cabo Cabo, operates the 85 oil exploration license in association with Energy Bale, a company Joint BP and the Italian ENIas well as with the national oil company Namcor and Korres Investments.
High quality oil
“The results have demonstrated the existence of a site of high quality light oil, without contact observed with water“, declares Travis Smithard, executive director of Rhino Resources. One of the most positive keys to the discovery of BP and ENI In the Capricornus 1-X well It is that no contact with the water on the site has been observed. In geological terms, this implies that the oil column is higher than the perforation reached, which suggests that there could be a greater volume of hydrocarbons available. In addition, operating an aquifer without contact without greatly facilitates extraction, since it reduces the risk of extracting large amounts of water together with crude oil, a habitual problem that increases operational and environmental costs.
From the commercial point of view, the absence of water significantly improves the quality and viability of the development of the deposit. Extracting “dry” oil implies lower treatment costs and a more efficient recovery of crude. Therefore, the discovery announced by BP not only confirms the presence of good quality light oil (37 ° API), but also raises the strategic value of the project in Namibia, making it one of the most promising offshore findings of recent years.
A 38 meter oil column
The well found 38 meters of net thickness, and the site shows good petrophysical properties and no contact with water was observed, according to Rhino Resources. As noted above, this is key for raw extraction to be as efficient as possible, since if the deposit (the crude) were in contact with the water the operations would be much more complex and faces, since in the extraction of the hydrocarbon there would be a ‘pollution’ of the same with water and other processes would be necessary or could even be considered that the crude is not commercially viable.
The well, which successfully completed a production test at the light oil site, will be talked and abandoned temporarily, according to the company in reference to the last exploratory success in one of the most important exploration borders in the world. Later the final well will be held to start producing raw in the area.
Rhino Resources and its partners will consider the appropriate investment plan to maximize resources, which will determine its strategy in the block, After your Sagittarius 1-X wellperforated in February, will also find a hydrocarbon site. This is the last finding within a frantic activity on the coast of Namibia.
For example, French oil company TotalEnergies is also waiting to make a final decision on the investment in its Venus discovery in the Orange basin next year. This project implies that a floating ship of production, storage and discharge (FPSO) tied up will probably produce the country’s first oil amid the great challenges of oil conversion into oil.
Exxonmobil was also carrying out detailed studies in vast coastal areas of Namibia to identify new drilling objectives, according to the country’s oil commissioner, at a Namibian energy conference in the capital, Windhoek. “What we say is that with the exploration, with the work done from the discoveries we made, we have barely begun,” said Maggy Shino Commissioner to the delegates on Wednesday.
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