Namibia News

 

Namibia: The Newest Most Promising Deepwater Rig Demand Hotspot

Aug 27, 2024

Over the past few years the Namibian Orange Basin has emerged as an exciting new oil province and subsequently a provider of significant new demand and future demand potential for deepwater drilling rigs.According to Westwood’s Wildcat, “the Upper and Lower Cretaceous plays opened in the Namibian Orange Basin by the Venus and Graff wells in 2022, have delivered nearly 5bnbbl after the first nine wells…

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