Rhino Resources hit hydrocarbons in Namibia

Rhino Resources hits hydrocarbons in Namibia

WINDHOEK, February 18, 2025 – Rhino Resources has announced that it hit a hydrocarbons reservoir at the Sagittarius 1-X exploration well in Namibia’s Orange Basin, the company reported in a statement on Monday.

The well is in Block 2914A (PEL 85) in offshore Namibia. It was spud on December 18, 2024, and drilling has now concluded. Wireline logging allowed the company to collect hydrocarbons samples and sidewall cores.

According to Travis Smithard, CEO of Rhino Resources, the company and its partners still need to evaluate the results of the well. A second drilling campaign began on February 18, 2025 for the Capricornus 1-X. The well is expected to take around 47 days to drill.

The block’s contractor group consists of Rhino Resources (operator, 42.5%), Azule Energy Exploration Angola (42.5%), NAMCOR Exploration and Production (10%) and Korres Investments (5%). Under the agreement, Azule Energy has the option to become operator for the development phase.

Namibia’s Orange Basin covers a massive span of 160,000 square kilometres and is considered one of the most promising areas for hydrocarbons exploration in the world. However, its potential has yet to be seen, with Shell and Chevron each reporting in January 2025 that their exploration activities returned no commercially viable hydrocarbons.

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