PEL85 well records rich petrophysical properties

The Volans-1X exploration well in Namibia’s Orange Basin has recorded excellent petrophysical properties and no observed water contact

The well is part of the Petroleum Exploration License 85 (PEL85), which is operated by Rhino Resources with a working interest of 42.5%. Co-venturers are Azule Energy (42.5%), NAMCOR (10%), and Korres Investments (5%).

The Northern Ocean's semi-submersible Deepsea Mira was deployed to drill the well, reaching a total depth of 4,497.5m TVDSS (true vertical depth subsea). It penetrated the Upper Cretaceous target, and encountered 26m of net pay in rich gas condensate-bearing reservoirs. While the results continue to be evaluated, initial laboratory analysis of two samples indicated a high condensate-to-gas ratio (CGR) of >140 bbl/mmscf with liquid density of approximately 40° API gravity. 

The Volans-1X well marks the third significant hydrocarbon discovery in 2025 for Azule Energy partners, following the Capricornus-1X light oil find in Namibia and the Gajajeira-01 gas discovery in Angola.