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“It’s massive”: TotalEnergies makes huge oil discovery off Namibia with “exceptional” Venus-1 wildcat

Sources describe French supermajor’s ultra-deepwater discovery — where pre-drill resources stood at about 1.5 billion barrels — as “an elephant” find

23 February 2022 18:09 GMT UPDATED 25 February 2022 12:22 GMT
By Iain Esau in London
French supermajor TotalEnergies has made a “massive” oil discovery with its Venus-1 wildcat offshore Namibia, Upstream has been told.

There are well-founded suggestions that this ultra-deepwater structure in 3000 metres of water could be a multi-billion-barrel oil discovery, further confirming an earlier Upstream report that the initial results from the wildcat were positive.

The Venus probe represents another game-changer for Namibia’s government, which was already on a major high after Shell made another huge oil find with its Graff-1 probe just to the east.

https://www.upstreamonline.com/exclusive/-it-s-massive-totalenergies-makes-huge-oil-discovery-off-namibia-with-exceptional-venus-1-wildcat/2-1-1173419