Halliburton has been awarded a deep water integrated multi-well construction contract by Rhino Resources Ltd
"Under this agreement, Halliburton will provide complete solutions to construct exploration and appraisal wells, along with testing services. Halliburton will also extend its country operation facilities to support all product service lines from Namibia to enhance collaboration and maximise asset value for Rhino Resources and Namibian customers," said Jean Marc Lopez, senior vice president, Europe, Eurasia, and Sub-Saharan Africa at Halliburton.
Rhino Resources operates in Block 2914A (PEL 85), which is situated in the shallower portion of the Orange Basin, and lies in proximity to other international operators. It is strategically located less than 20km from the nearest discovery and amidst multiple Namibian discoveries made over the last two years.
In late 2022, Rhino conducted a 3D seismic survey that reinforced the block's potential with multiple viable plays and drillable prospects.
Localisation in Namibian oil and gas
The collaboration between Halliburton and Rhino will also advance localisation goals as they plan on sharing the economic advantages of Namibia’s resources to the local community.
“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, CEO at Rhino Resources Ltd. “The opportunity for catalysing 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.”
