French energy company TotalEnergies has made a “massive” oil discovery on its block off the Namibian shore – another block in which the National Petroleum Corporation of Namibia (Namcor) owns 10%. This was confirmed by Namcor yesterday. Namcor’s managing director, Immanuel Mulunga, said following the recent success of the Graff-1well by Shell, this second light oil discovery by TotalEnergies has demonstrated the world-class potential of this new player in the deep-water of the Orange Basin. “This could be a major game-changer for Namibia’s economy and its people. We look forward to the upcoming appraisal programme to quantify the extent of this major discovery,” said Mulunga. The well was drilled to a depth of 6 296 metres by the Maersk Voyager drill ship and encountered a high-quality, light oil-bearing sandstone reservoir of Lower Cretaceous age, said Namcor. This discovery represents another game-changer for Namibia’s oil sector, which was […]