馃嚦馃嚘NamibiaSouthern Africa
Rhino Resources completes appraisal well confirming oil in Orange Basin
via The Namibian1 min read
Rhino Resources has finished drilling an appraisal well in the Orange Basin, confirming the presence of oil-bearing rock. The company operates petroleum exploration licence 85, situated between Shell and Mopane oil discoveries, with the National Petroleum Corporation of Namibia Namcor holding a 10% stake. The Capricornus-1A well was drilled in May to gather additional data on the Capricornus discovery. Mtundeni Ndafyaalako, Namcor acting managing director, stated that the well provided crucial information for understanding the area and supports future appraisal work. Data from Capricornus-1A will be integrated with information from other appraisal wells to guide further exploration. The Capricornus-1X well had previously discovered oil-bearing rock in early 2025. Namcor spokesperson Paulo Coelho confirmed that the Capricornus-1A well reached a total depth of 4,818 meters, safely confirming oil-bearing rock linked to the earlier Capricornus-1X discovery. Rhino Resources and Angolan Azule Energy each own 42.5% of the block, while Korres Investments holds the remaining 5%.
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This summary was AI-generated from a story originally published by The Namibian.
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