Reconnaissance Energy Africa Ltd. (ReconAfrica) and its joint venture partner, state-owned NAMCOR, have been granted approval by the Ministry of Mines and Energy of Namibia of the second renewal exploration period to Jan. 29, 2026 for the 6.3-million acre petroleum exploration license 73 (PEL 73), Kavango basin, Namibia.
Over the first 3 years of the first renewal exploration period, ReconAfrica drilled three stratigraphic test wells and acquired over 2,750 km of 2D seismic and a 5,000-sq km enhanced full tensor gradiometry (eFTG) survey. The company now plans to begin a drilling program to test the Damara Fold Belt and oil-prone rift plays, said Brian Reinsborough, president and chief executive officer of ReconAfrica, in a release Oct. 30 (OGJ Online, Apr. 5, 2023).
Under the terms of the second renewal exploration period, ReconAfrica will acquire additional subsurface data. Options include 500 km of 2D seismic data, 1,200 sq km of eFTG data, or some combination considered reasonable. The company also will be required to design and drill one exploration or stratigraphic test well.
