Venus-1A flow test set for Q4 2023

Africa Oil Corp has announced that its investee company, Impact Oil and Gas Limited, and its partners are set to conduct a flow test of Venus-1A — the second successful well in the Venus discovery — in the fourth quarter of 2023.

Flow testing, also known as production testing or well testing, is conducted on a completed well to assess its production potential and gather data on reservoir performance.

This comes after the positive results of the Venus-1A appraisal well, which was successfully drilled to a total depth of 6,146m, cored, and logged by the Tungsten Explorer. The well is located approximately 13km north of the Venus-1X discovery well.

According to the Canadian upstream oil and gas company, the Deepsea Mira rig will re-enter Venus-1A imminently to undertake a drill stem test (DST) program.

"The successful Venus-1X DST program is a major milestone in the Venus campaign and, if confirmed by Venus-1A DST results, supports the commercial development of this world-class light oil discovery,” said Africa Oil president and CEO Dr. Roger Tucker.

“It is important to highlight that the opportunity here is not just about one discovery, and we expect that further work will be done to mature large-scale targets already identified on Block 2193B, including those to the south of Venus.”

According to the company, the Tungsten Explorer drillship, which was recently operating on Block 2912, will mobilize shortly to drill the Mangetti-1X well on Block 2913B. This well targets a prospect located to the north of the Venus structure, and drilling is expected to commence in October 2023.

“We have an exciting work program ahead of us, and together with our other interests in the Orange Basin, we have a very exciting and attractive opportunity set,” Tucker added.

Africa Oil holds a 31.0% shareholding in Impact and has an effective interest of 6.2% in Block 2913B and an effective interest of 5.9% in Block 2912.

Impact, through its wholly-owned subsidiary, Impact Oil and Gas Namibia (Pty) Ltd, holds a 20% working interest in Block 2913B (PEL 56). PEL 56 is operated by TotalEnergies EP Namibia B.V., which holds a 40% working interest, and QatarEnergy and NAMOR respectively hold a 30% and 10% working interest in PEL 56.

Impact, through the same subsidiary, also holds an 18.89% working interest in Block 2912 (PEL 91), where it is partnered with TotalEnergies (Operator, with 37.78%), QatarEnergy (28.33%), and NAMCOR (15%).


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Last modified on Monday, 02 October 2023 20:17

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