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Venus-1X Exploration Well Spuds in Offshore Namibia Block 2913B
Venus-1X Exploration Well Spuds in Offshore Namibia Block 2913B Canada NewsWire...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n \n \n \n Venus-1X Exploration Well Spuds in Offshore Namibia Block 2913B\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 1, 2021\n \n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n –\n \n Africa Oil Corp. (\"AOI\", \"Africa Oil\" or \"the Company\") is pleased to note the press release by its investee company Impact Oil & Gas Limited (\"Impact\") regarding Venus-1X exploration well.\n \n View PDF version\n \n \n \n Impact has announced the spud of the Venus-1X offshore exploration well in\n \n Namibia\n \n Block\n \n 2913B\n \n (PEL 56). This, together with the adjacent Block 2912, are held through Impact's wholly owned subsidiary, Impact Oil and Gas Namibia (PTY) Ltd. Both blocks are operated by TotalEnergies EP Namibia B.V.; a wholly owned subsidiary of TotalEnergies.\n \n \n The well is being drilled in\n \n 3,000m\n \n water depth by the Maersk Voyager drillship.\n \n \n Impact holds a 20% interest in Block\n \n 2913B\n \n , was joined by TotalEnergies as operator in 2017, bringing significant deep-water drilling expertise to the Joint Venture, and in 2019 by Qatar Energy. TotalEnergies holds a 40% interest in Block\n \n 2913B\n \n , Qatar Energy holds a 30% interest, NAMCOR, the Namibian state oil company, holds a 10% interest.\n \n \n Impact also holds an 18.89% working interest in the adjacent Block 2912, where it is partnered with TotalEnergies (Operator 37.78%), Qatar Energy (28.33%) and NAMCOR (15%).\n \n \n \n \n Siraj Ahmed\n \n , Chief Executive Officer of Impact, commented:\n \n \"This is an exciting moment for Impact and our shareholders. Impact, together with our partners in the Government of\n \n Namibia\n \n , have been working to mature and drill the Venus prospect since 2014. Venus-1X is a world-class, basin opening well which, if successful, could be transformative for\n \n Namibia\n \n .\"\n \n \n \n \n Keith Hill\n \n , Africa Oil's President and CEO, commented:\n \n \"I am very pleased that drilling operations for Venus-1X have commenced. As a potential basi...