QatarEnergy announces second oil discovery in Namibia

Doha, TGO: QatarEnergy announced a significant light oil and associated gas discovery in the Venus-1X prospect located in block 2913B in the Orange Basin, offshore southern Namibia.

Commenting on this discovery, His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Energy, said: “We are pleased with this new discovery, which is our second in Namibia in a month, and we are encouraged by the promising results of the discovery well. I would like to congratulate our partners TotalEnergies, Impact Oil and Gas, and NAMCOR, as well as the government of Namibia.”

Covering an area of about 8,215 km², Block 2913B lies in deep waters some 290 kilometers off the coast of Namibia and is held by a consortium comprising QatarEnergy (30%), TotalEnergies (operator – 40%), Impact Oil and Gas (20%) and NAMCOR (10%).

QatarEnergy holds interests in 4 blocks offshore Namibia, namely blocks: 2912, 2913B, 2914B, and 2913A, covering a total area of approximately 28,000 km².