Reconnaissance Energy Africa and its joint venture partner NAMCOR has announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 onshore Northeast Namibia. Additionally, the Company announces a joint venture update as well as a warrant exercise update.
Brian Reinsborough, President and CEO commented: “Our operations teams spud the well on July 7, 2024. We are extremely excited to be drilling this high impact Damara Fold Belt well that our technical and operations teams have been planning over the past 11 months, since I joined ReconAfrica. The Naingopo well represents the first well in a multi-well exploration drilling campaign on PEL 73. The well is anticipated to reach total depth of 3800 m (12 500 ft), and take 90 days to drill. This is a significant play opening well which may unlock a total potential resource of over 3.1 billion boe or 18 trillion ft3 of natural gas based on the most recent prospective resource report prepared by Netherland, Sewell & Associates Inc. , dated March 12 2024 .”
Chris Sembritzky, Senior VP of Exploration commented: “The Naingopo exploration well is the first well to test the Damara Fold Belt play. In the event of success, the well would unlock significant oil and natural gas potential from our additional three prospects and 20 leads that have been mapped and defined. The Naingopo well is expected to test multiple reservoir intervals of which four are included in our third party resource report from NSAI.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/09072024/reconafrica-announces-the-spud-of-the-naingopo-exploration-well/