Reported 1 day ago
BP has announced a significant oil and gas discovery in Namibia's Orange basin, with the company confirming promising results from the Volans-1X exploration well. This discovery comes as part of a collaboration with Eni through Azule Energy. The well revealed 26 meters of net pay in gas condensate-bearing reservoirs, showcasing favorable petrophysical properties. As Namibia seeks to establish itself as a key player in oil and gas, it faces challenges in developing the necessary infrastructure to expedite these discoveries.
Source: YAHOO