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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.


TSX:AOI - Post by User

Comment by hikarion Mar 27, 2024 3:55pm
173 Views
Post# 35956398

RE:RE:article

RE:RE:articlehttps://www.upstreamonline.com/exploration/totalenergies-starts-new-flow-tests-on-mighty-venus-discovery-in-namibia/2-1-1618302

TotalEnergies starts new flow tests on mighty Venus discovery in Namibia

"TotalEnergies is running simultaneous flow tests in a pair of wells on its huge Venus oil discovery offshore Namibia, according to head of exploration Kevin McLachlan. The supermajor currently has two rigs involved in appraising Venus — the drillship Tungsten Explorer, which it partly owns, and the semi-submersible drilling rig Deepsea Mira — in the prolific Orange basin.

MacLachlan told delegates at the BEOS event — organised by GESGB and AAPG — on Tuesday that “two DSTs are ongoing”, but did not go into detail. However, Upstream understands that the flow tests are being carried out on the Venus-2A appraisal well by Deepsea Mira and on the Mangetti-1X probe by Tungsten Explorer. The latter well made a major discovery at the shallower Mangetti prospect, and successfully drilled deeper to hit a northern extension of Venus. It is this deeper Venus section of this well that is being tested.

McLachlan pointed out that TotalEnergies has already carried out two successful drill stem tests on Venus, as it gathers more data to incorporate into a development plan for the ultra-deepwater scheme. Satellite data indicates hydrocarbons have so far flowed to the surface — as evidenced by flares — at the Mangetti-1X location on two occasions this month, 18 and 21 March. On Venus-2A, flares began to be spotted on satellite data yesterday, on two separate occasions."
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