Rhino Resources confirmed that Capricornus-1A encountered an oil-bearing reservoir connected to Capricornus-1X, adding appraisal data for PEL 85 offshore Namibia.
Tower Resources has secured Namibian government approval for the PEL96 farm-out to Prime Global Energies, clearing the final condition for completion.
Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
Rhino Resources and Northern Ocean have extended the Deepsea Mira drilling contract offshore Namibia, adding an extra well test and increasing the firm backlog to $394 million.
