Namibia: ReconAfrica Authorized to Drill 12 New Exploration Wells in Kavango Basin
Tuesday, 18 July 2023 14:38
During its latest media briefing in early June, ReconAfrica revealed the progress of its exploration work in Namibia's Kavango Basin.
On July 12, ReconAfrica provided an update on its petroleum and gas exploration activities in Namibia's Kavango Basin. The Canadian company, already involved in exploration in the region, has been authorized by the Namibian Ministry of Environment, Forestry, and Tourism to drill 12 more exploration wells in Petroleum Exploration License (PEL) 73. The latter is located in the northeastern part of the country.
The company plans to carry out these activities between July 2023 and July 2026. The primary objective of the project is to identify potentially exploitable petroleum and gas deposits. "The management is currently focusing on developing and prioritizing its inventory of prospects to execute a multi-well drilling program targeting the two primary zones: the Damara fold belt and the Karoo rift basin," the company stated.
Abdel-Latif Boureima
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Uganda’s Oil Revenue Outlook Dims as Pipeline Costs Soar 55%
16:18
-
Nigeria aims to triple yam yields to 30 tons per hectare by 2027
16:09
-
Côte d'Ivoire Approved Private Investment Rises 9.6% to $1.45 Billion in 2025
16:04
-
EU-Funded DEFEND Security Program Concludes in Togo After Four Years
15:29
-
FAO backs Togo’s food security drive with CFA3.5 bln
15:23
-
Natural Rubber Prices Set to Rise as Supply Gap Widens to 400,000 Tons
15:10
-
Togo Approves Draft Law Overhauling Microfinance Sector
14:26
-
Thai Firms Eye Cameroon as Gateway to Central African Market
13:39
-
Trade Ministry Taps University Big Data to Hunt Market Fraudsters and Push Cameroon Goods to 1.3 billion African Consumers
13:38
-
AI routing technology saved over 136,000 hours for commuters in Douala and Yaoundé in 2025
13:32
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...
Industrial, jewelry and silverware demand expected to decline in 2026. Physical investment ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
EACOP costs rise to $5.6 billion, 55% above estimates Uganda oil revenues could fall up to 53%, IEEFA says Tanzania, Uganda target first crude...
Nigeria targets tripling yam yields to 30 tons/hectare Plan aims to cut post-harvest losses to 25% Authorities promote improved varieties,...
Côte d’Ivoire approved private investment rises 9.6% in 2025 Total reaches 812 billion CFA francs, led by agriculture Reforms planned under Agenda...
Global natural rubber market seen 400,000-ton deficit in 2026 Production 15.2 million tons, demand 15.6 million tons Supply gap expected to keep...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...
Senegal, Morocco resume talks on film co-production pact Countries seek revised agreement on training, distribution Partnership produced two...