Canadian oil and gas company ReconAfrica will start drilling its first exploration well, Naingopo, in the Damara Fold Belt region of northeast Namibia in June 2024.
Utilizing the Jarvie-1 rig, the project will target an estimated 163 million barrels of unrisked prospective oil resources or 843 billion cubic feet of unrisked prospective natural gas resources.
The drilling will span approximately 90 days, reaching depths of around 12,500 feet or 3,800 meters, the company’s exploration update indicates.
Brian Reinsborough, President and CEO of ReconAfrica, said “We are meeting with our partner NAMCOR and the Ministry of Mines and Energy this week to finalize the detailed drilling program and future drilling and subsurface data acquisition plans.”
The company completed demining and bush clearing operations in March 2024 and positioned heavy equipment and essential personnel at the drilling site.
ReconAfrica plans to drill its second well in the Damara Fold Belt in Q4-2024, targeting an estimated 78 million barrels of unrisked prospective oil resources or 1.5 trillion cubic feet of unrisked prospective natural gas resources.
