Rhino Resources Strikes Third Offshore Gas Condensate Discovery in Namibia’s Orange Basin Block 2914A
Rhino Resources has announced its third consecutive offshore discovery in Namibia’s Block 2914A, situated in the Orange Basin under Petroleum Exploration License (PEL) 85.
The Volans-1X exploration well, drilled by the semisubmersible rig Deepsea Mira on July 31, encountered 26 meters of net pay in rich gas condensate reservoirs characterized by excellent petrophysical properties and no water contact.
The well reached a total depth of 4,497.5 meters TVDSS on August 30, successfully intersecting its Upper Cretaceous target zone.
Laboratory analysis of two reservoir samples — taken from both the top and base of the interval — revealed a high condensate-to-gas ratio exceeding 140 and a liquid density of approximately 40° API gravity, indicating a valuable and light condensate resource.
During wireline logging operations, Rhino’s team collected multiple hydrocarbon samples and sidewall cores. Further laboratory testing is underway to evaluate the fluids, cores, and cuttings for more detailed reservoir characterization.
Rhino CEO Travis Smithard said the high-yield gas condensate discovery in high-quality reservoirs enhances the company’s subsurface understanding and validates its geological models.
He added that the Volans-1X result opens a new play fairway within the license area, highlighting distinct reservoir and fluid characteristics compared to the company’s earlier Sagittarius-1X and Capricornus-1X discoveries.
Rhino, together with its partners Azule Energy, NAMCOR, and Korres, will now integrate the Volans-1X findings into ongoing blockwide prospectivity studies to assess the full potential of the acreage.
