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Light Oil Discovered Offshore Namibia in Latest Exploration Success

Light Oil Discovered Offshore Namibia in Latest Exploration Success

Sputnik Africa

Light Oil Discovered Offshore Namibia in Latest Exploration Success Rhino Resources, a Cape Town-based energy exploration company, announced the discovery of... 24.04.2025, Sputnik Africa

2025-04-24T17:49+0200

2025-04-24T17:49+0200

2025-04-24T19:24+0200

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Light Oil Discovered Offshore Namibia in Latest Exploration Success Rhino Resources, a Cape Town-based energy exploration company, announced the discovery of oil at its second exploration well, Capricornus 1-X, located in the Orange Basin offshore Namibia.The well encountered 38 meters of net pay with strong petrophysical properties and no observed water contact, indicating promising reservoir potential. This latest discovery follows Rhino's earlier success in February, when its Sagittarius 1-X well in the same basin revealed signs of hydrocarbons.Subscribe to @sputnik_africa Sputnik Africa | X

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