
ReconAfrica Enters Angola with Major Acreage Deal
The Canadian firm has partnered with Angola’s National Oil, Gas and Biofuels Agency to tap into the Etosha-Okavango basin, extending its exploration footprint across southern Africa.
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The Canadian firm has partnered with Angola’s National Oil, Gas and Biofuels Agency to tap into the Etosha-Okavango basin, extending its exploration footprint across southern Africa.
The company has accelerated the drilling timeframe, targeting 365 million barrels of unrisked and 32 million barrels of risked petroleum resources at the Damara Fold Belt.
The Naingopo exploration well has encountered 52 meters of net reservoir oil, with further drilling planned within the Damara Fold Belt.
The Naingopo exploration well is the first of several planned wells to test the potential resource of the Damara Fold Belt.
As new opportunities emerge across Angola’s upstream oil and gas sector, global E&P companies – including ReconAfrica and Chevron – have joined the Angola Oil & Gas event to connect with the national concessionaire about new block opportunities.
BW Energy has signed an agreement to acquire shares in ReconAfrica.
ReconAfrica has spud the Naingopo exploration well on petroleum exploration license (PEL) 73, onshore Namibia.
ReconAfrica will start drilling its first exploration well, Naingopo, in the Damara Fold Belt region of northeast Namibia in June 2024.
ReconAfrica is exploring farm-in opportunities to raise funding to support its exploration efforts in Namibia.
ECP spoke with ReconAfrica Chief Geologist Dr. Ansgar Wanke about the firm’s exploration projects in the Kavango Basin, where it has confirmed the presence of an active petroleum system already in its first stratigraphic test well.