African energy exploration company Rhino Resources has highlighted the evaluation of an oil discovery in the Orange Basin, confirming the presence of a connected oil-bearing reservoir in its evaluation well off the coast of Namibia.
Rhino Resources’ update on behalf of the PEL 85 joint venture (JV) in relation to the drilling campaign at Block 2914 offshore Namibia indicates that Capricorn-1A An appraisal well was drilled in the eastern part of the Capricorn Corridor, which he created discovery in Capricorn -1X well.
The well was drilled on May 2, 2026 in Saipem 12000 drilling ship In a water depth of 1,285 metres, the total depth reached 4,818 metres, and the depth was measured on June 11, 2026. The company claims that Drilling operations It was completed safely and without incident.
The appraisal well intersects a total reservoir interval of 46 metres. A representative core of the main reservoir section was obtained, and a complete set of wireline formation logging and evaluation data was collected.
Preliminary analysis of downhole pressure data indicates the presence of an oil-bearing sandstone reservoir in pressure contact with the reservoir corridor discovered by the Capricornus-1X well.
Travis SmithardRhino Resources CEO commented: “The Capricornus-1A well has provided important information that enhances our understanding of the morphology of the Capricornus reservoir system.
“Confirming the pressure connection with Capricornus-1X provides evidence of reservoir continuity across the accretion and increases our drilling confidence as we continue to move forward in evaluating the Capricornus discovery.”
The results are interpreted to provide additional evidence of the continuity of the reservoir across the Capricorn accretion and represent an important data point in the ongoing evaluation of the discovery.
Core, pressure and wireline data sets acquired from Capricornus-1A will now be combined with data collected from previous wells across PEL 85 to support the joint project’s ongoing appraisal and exploration activities.
Smithard confirmed: “The well has also provided important information about deeper geological intervals not encountered at Capricornus-1X, improving our understanding of how subsurface structures define playways across the license area.
“Together with the comprehensive data sets collected from our previous discoveries, these results provide further insights into our portion of the Orange Basin and will help inform the next phase of appraisal drilling across the Capricorn Accretion and additional exploration targets across PEL 85.”
PEL 85 is operated by Rhino with an operating interest of 42.5%, with participating partners being Azule Energy (42.5%), NAMCOR (10%) and Korres Investments (5%).
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