Rhino Resources has confirmed the discovery of a hydrocarbon reservoir at its Sagittarius 1-X well in Namibia’s Orange Basin.
As the operator of Block 2914, Rhino Resources leads the project with Azule Energy—a BP and Eni joint venture—holding a 42.5% stake.
CEO Travis Smithard stated that the company and its joint venture partners will now analyze the well’s results in detail.
According to Rhino, the well successfully reached its Upper Cretaceous targets and confirmed the presence of hydrocarbons without encountering water contact.
Smithard also announced that drilling will soon commence at Capricornus 1-X, the second target in the program. Operations are set to begin within 24 hours and are expected to take 47 days to complete.
