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Positive signs in Namibia: TotalEnergies chief executive Patrick Pouyanne.Photo: REUTERS/SCANPIX
‘On target’: TotalEnergies’ critical well on major Namibia discovery hits reservoir
Sources tell Upstream that initial results from Venus appraisal well met expectations, boosting probability supermajor has huge field on its hands

22 May 2023 11:51 GMT UPDATED 22 May 2023 11:57 GMT
By Iain Esau in London
TotalEnergies has hit reservoir with a critical appraisal well on its huge, alluring Venus oil discovery offshore Namibia, with Upstream told the probe has met expectations.

Venus — and Shell’s earlier Graff discovery — generated huge excitement when it was found last year in Block 2913B of the Orange basin, with market speculation emerging at the time that it could hold 12 billion barrels of oil and many trillions of cubic feet of gas.