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Rhino Assets Namibia Ltd. has confirmed a big gasoline condensate discovery on the Volans-1X exploration effectively in Block 2914A, offshore Namibia’s Orange basin. The discover represents the corporate’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85), the place Rhino holds a 42.5% working curiosity.
The Volans-1X effectively, spudded on July 31, 2025, with the Northern Ocean’s Deepsea Mira semi-submersible, reached a complete depth of 4,497.5 meters on August 30. Logging operations recognized 26 meters of internet pay in high-quality Higher Cretaceous reservoirs, with no noticed water contact. Hydrocarbon samples indicated a condensate-to-gas ratio exceeding 140 and liquids with roughly 40° API gravity.
Laboratory evaluation of sidewall cores and picked up samples is ongoing, with early outcomes confirming wonderful reservoir high quality.
Companions on PEL 85 embrace Azule Vitality (42.5%), Namibia’s state-owned NAMCOR (10%), and Korres Investments (5%). The three way partnership has additionally drilled the Sagittarius-1X and Capricornus-1X wells, each of which encountered hydrocarbons earlier this yr.
Rhino CEO Travis Smithard described the Volans-1X outcome as opening a brand new play fairway inside the license, including that the invention demonstrates “completely different reservoir and fluid sorts” in comparison with earlier wells. He famous that the JV will combine findings into basin-wide prospectivity research to evaluate improvement potential.
The Deepsea Mira rig has been mobilized to a brand new drilling location whereas testing and analysis proceed on Volans-1X. The invention provides momentum to Namibia’s Orange basin, which has seen a sequence of high-profile finds in recent times, drawing elevated curiosity from worldwide operators.
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