Sintana Energy Inc V.SEI

RE:RE:Chevron and Rhino gear up for Namibia exploration Upstream

[hikari]

Chevron and Rhino Resources have filed environmental documents to support what will be two closely watched wildcatting operations offshore Namibia.
The US supermajor and South Africa-based Rhino will fire-up exploration campaigns in the fourth quarter of 2024 or early 2025 on their highly promising acreage in the hydrocarbon-rich Orange basin where, for the first time in around two years, no drilling rigs are currently active.

Chevron is gearing up to drill at least one probe in Block 2813B, north of TotalEnergies-operated acreage that hosts the huge Venus and Mangetti discoveries and west of a licence where Galp Energia recently declared that its Mopane discovery could host in-place resources of 10 billion barrels of oil equivalent.
Rhino plans to drill two probes in Block 2914A, one targeting a prospect called Sagittarius that Namibia’s Petroleum Commissioner Maggy Shino recently described as “one of the most amazing prospects” she had ever seen.
Last week, the Eni-bp joint venture of Azule Energy struck a deal to take a large non-operating stake in a block that lies immediately east of a Shell-controlled licence where it has made five discoveries, and just southeast of Galp’s prolific Mopane discovery.

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ADNOC is following Qatar Energy with upstream investments in Africa. This is good for Namibia because ADNOC could be one more player as non operator but as a reliable farm in partner with deep pockets for a major oil company, reducing the invested money and reducing the risks.
I guesss and hope Galp wants to go all in in Namibia.

https://www.upstreamonline.com/lng/exxonmobil-gets-new-partner-in-mega-lng-project-as-galp-departs-with-1-billion/2-1-1647286
ExxonMobil gets new partner in mega LNG project as Galp departs with $1 billionUAE state-owned player has acquired Galp’s 10% interest in the Area 4 concession, in Mozambique's prolific Rovuma basinAdnoc chief executive Sultan Ahmed Al Jaber.Photo: AFP/SCANPIXNishant UgalIain EsauNew Delhi/LondonUpdated 22 May 2024, 18:54Abu Dhabi National Oil Company has struck a deal worth up to $1.15 billion to acquire a strategic stake in ExxonMobil's Area 4 concession in Mozambique's gas-rich Rovuma basin from Galp Energia.This transaction is the latest move by the emirati giant to expand its international gas portfolio, having just acquired an interest in a US LNG asset and recently forming a gas joint venture with BP, initially focused on Egypt.Galp's exit from Mozambique comes as little surprise to country watchers, with the Portuguese company understood to have been evaluating the sale of its assets there for some years.