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BP confirms oil and gas find in Namibia’s Orange Basin with high liquid yield, pending commercial evaluation.
BP has confirmed an oil and gas discovery in Namibia’s Orange Basin, located in Petroleum Exploration License 85, operated by Rhino Resources.
The find, made using the EDrill-2 rig under a PTTEP contract, features a high liquid yield and involves co-venturers Azule Energy, NAMCOR, and Korres Investments.
While reserve sizes and commercial viability remain undisclosed, the discovery strengthens interest in Namibia’s offshore potential amid ongoing global energy transitions.
No production timelines have been announced.
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BP confirma el hallazgo de petróleo y gas en la cuenca de Orange de Namibia con un alto rendimiento líquido, a la espera de una evaluación comercial.