Rhino Resources drills PEL85 well offshore Namibia

Rhino Resources has found good petrophysical properties minus water contact from Capricornus 1-X exploration well in Namibia’s Orange Basin

Spudded with the Noble Venturer drillship, the Lower Cretaceous target was reached at total depth, revealing 38m of net pay. Hydrocarbon samples and sidewell cores were collected through intensive wireline logging operations. The rig will now be released following temporary plugging and abandonment of the well. 

A production test was also conducted across the light oil-bearing reservoir. The well achieved a surface-constrained flow rate in excess of 11,000 stb/d on a 40/64” choke. The light 37° API oil exhibited limited associated gas with less than 2% CO2 and no hydrogen sulphide. Fluid samples collected from the test will be put to laboratory studies.

The Capricornus 1-X that falls under Petroleum Exploration License 85 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%) – bp and Eni each hold a 50% interest in Azule Energy.