CAPE TOWN, June 17 (Reuters) - African energy explorer
Rhino Resources and its partner Azule Energy will drill the new
Volans-1X exploration well offshore Namibia in late July or
early August, a company spokesperson said on Tuesday.
The Volans prospect is being investigated soon after Rhino
Resources struck light oil in April at its second successful
exploration well, Capricornus 1-X, that was drilled in the
prolific Orange Basin off Namibia's coast.
"Testing Volans is a priority for a potential fast-track
development option," a company spokesperson said, adding that
its morphology could make it easier to exploit than Capricornus.
The Cape Town-headquartered company is the operator of
Petroleum Exploration License 85 in partnership with Azule
Energy, a BP and Eni joint venture, as well as
national oil company Namcor and Korres Investments.
"If Volans-1X fails, options include appraising Sagittarius,
drilling another prospect or returning to Capricornus," the
spokesperson said.
Other operators that have found significant discoveries
offshore the southern African country include Shell and
Galp Energia.
TotalEnergies expects to take a final investment
decision on its deep-water
Venus prospect
next year as Namibia pushes to become a first-time oil
producer by the turn of the decade.