Rhino Resources’ Capricornus 1-X exploration well achieved a flow rate exceeding 11,000 bbl/d offshore Namibia. (Source: Shutterstock)
Rhino Resources reported finding oil in Petroleum Exploration License (PEL) 85 offshore Namibia with its Capricornus 1-X exploration well. BP confirmed the preliminary results in an April 24 press release.
Rhino said the well, spudded on Feb. 17 using the Noble Venturer drillship, reached total depth on April 2 and found 38 m of net pay.
The well achieved a surface-constrained flow rate exceeding 11,000 stock tank barrels per day of light oil (37 °API) on a 40/64” choke. The crude had limited associated gas with less than 2% CO2 and no hydrogen sulphide.
Rhino said the samples will be tested and the well temporarily plugged.
PEL 85, where the well was drilled, is in the Orange Basin offshore the southwest African nation. Rhino is the owner-operator with 42.5% interest. Azure Energy, co-owned by BP and Eni, also holds 42.5% interest. Namcor, the national oil company, owns 10% and Korres Investments owns 5%.
Recommended Reading
Hess Wins Guyana Arbitration, Clearing Path for Chevron Deal
2025-07-18 - Hess prevailed in international arbitration against Exxon Mobil, clearing a path to close its $53 billion sale to Chevron. The international case focused on Hess’ ownership stake in Guyana’s Stabroek field.
Chevron Confirms 200 Permian Layoffs—Not 800
2025-05-30 - Chevron has confirmed the Texas Workforce Commission mistakenly reported the number of layoffs in Midland as 800.
Amplify Energy Cancels PRB, D-J Deal on ‘Extraordinary Volatility’
2025-04-27 - Amplify Energy terminated an acquisition of oil-weighted assets in the Powder River and Denver-Julesburg basins from Juniper Capital after Amplify’s stock fell 58% since the deal was announced.
Ground Game Report: Prairie, Amplify Find A&D in Down Market
2025-07-02 - Amid a slowdown in headline-grabbing oil and gas M&A, Prairie Operating and Amplify Energy are staying busy with small-ball acquisitions and timely divestitures.
Vantage to Invest $3B in AI Campus in Nevada
2025-07-16 - Vantage Data Centers’ NV1 site near Reno will deliver 224 MW of capacity across four data centers.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.