Oil services giant Halliburton scooped a deepwater integrated multiwell construction contract from Rhino Resources Ltd., a private company engaged in both onshore and offshore energy exploration in Africa, particularly Namibia’s emerging Orange Basin.
Under the agreement, Halliburton will provide complete solutions to construct exploration and appraisal wells, along with testing services. Halliburton's country operation facilities will support all product service lines from Namibia.
“This collaboration between Halliburton and Rhino Resources marks a strategic milestone to harness the full potential of Namibia’s oil and gas sector,” said Jean Marc Lopez, senior vice president, Europe, Eurasia, and Sub-Saharan Africa at Halliburton. “Halliburton, with its collaborative approach and solutions engineering, is uniquely positioned to maximize asset value in this block with Rhino Resources. Together, we will establish a standard for innovation and economic growth in the industry.”
With more than a decade of exploration in Namibia, Rhino Resources holds operatorship of Block 2914A (PEL 85). The block, located in the shallower portion of the Orange Basin, is located less than 20 km from the nearest discovery and amidst multiple Namibian discoveries made over the past 2 years.
In late 2022, Rhino conducted a 3D seismic survey that reinforced the block’s potential with multiple viable plays and drillable prospects.
"Rhino is pleased to have established a collaboration with Halliburton and views this as an important driver in the continued growth of the Namibian oil and gas industry,” said Travis Smithard, chief executive officer at Rhino Resources Ltd. “The opportunity for catalyzing local services and the broadening of positive economic influence in Namibia are expected to establish a valuable legacy for the Namibian people well beyond our initial exploration campaign.”
Halliburton’s work scope under the agreement is set to begin in the fourth quarter of 2024.
