Source: African Energy Week
Canadian oil and gas company Oregen Energy, which recently started trading on the Canadian CSE stock exchange under the symbol (CSE:”ORNG”), acquired an additional 25.2% indirect interest in Block 2712A (PEL107) in August 2025, bring its total indirect ownership to 33.5%. Oregen, in partnership with its local Namibian partner, Petrovena Energy are advancing seismic data acquisition and interpretation on Block 2712A in Namibia’s Orange Basin, with a view to unlock potential resources in the newly-cemented hydrocarbon province. The company is planning a multi-client 3D seismic data acquisition program for Q4, 2025-Q1, 2026 seismic acquisition season. In 2026, after processing and interpretation of the 3D seismic data, the company is expected to proceed with strategic farm-out process to accelerate exploration activities, with drilling by the farm-out partner anticipated in 2027. The potential farm-out highlights a unique opportunity for major oil companies seeking to either expand their footprint in or make a first foray into Namibia’s prolific Orange Basin.
Alongside these exploration efforts, Oregen Energy will also participate as an associate partner at African Energy Week (AEW): Invest in African Energies, further demonstrating its commitment to advancing frontier oil and gas opportunities across the continent.
Strategically located in close proximity to recent major discoveries, the 2712A block is a high-impact, deepwater asset with significant exploration and investment upside. Key highlights of the block include favorable geological settings – similar to those of the TotalEnergies Venus discovery, the Galp Mopane and Shell Graff discoveries – and attractive government and license terms. The block offers a four-year exploration period, extendable for an additional two years, and with competitive fiscal terms.
Between 2025 and 2027, Oregen has established a clear exploration roadmap. The company completed a technical evaluation over the past 9 months of the geological potential, hydrocarbon prospects and seismic interpretations. In Q4, 2025, Oregen Energy will complete evaluation of existing seismic data over the 2712A and adjacent blocks which will provide detailed insight into the subsurface geology, while in Q1/26, Oregen will acquire new high-resolution advanced 3D data in partnership with leading seismic providers.
Looking ahead to 2026, the company will finalize the farm-out, with plans to start drilling by leveraging partner funding and operational expertise. The company has plans for the rapid advancement of the asset, from exploration to appraisal drilling to development.
Oregen is not the only company advancing frontier exploration in Namibia. To date, approximately 20 billion barrels of oil are estimated to have been discovered in the country, reflecting the significant commercial potential that lies in offshore Namibia. Major discoveries also include the Capricornus-1X find made by Rhino Resources and partners Azule (BP_ENI) in 2025. The well encountered light oil columns, with initial flow rates on test estimated at 11,000 barrels per day (bpd). The partnership is currently drilling a new well on their Orange basin license.
The milestone follows a string of discoveries made by Galp Energia at the Mopane field in PEL 83. Discoveries were made at the Mopane 1-X, Mopane-2X and Mopane-3X wells, with the Mopane complex estimated to hold as much as 10 billion barrels alone. Galp Energia is now assessing potential exploration and appraisal opportunities alongside partners with a view to bring the complex into production.
Namibia’s Orange Basin has witnessed a surge of investment following initial discoveries made by energy majors TotalEnergies and Shell. The companies discovered resources at the Venus-1X and Graff-1X wells respectively, with TotalEnergies targeting a final investment decision for the project in 2026. The Venus project represents a cornerstone of Namibia’s advance into oil production and is expected to position the country as a major regional hub. With Venus and Mopane, Namibia seeks to start producing oil by 2029.
Namibia’s oil and gas opportunities will be a central topic during the upcoming African Energy Week (AEW): Invest in African Energies conference. Taking place from September 29th to October 3rd in Cape Town, the event represents the largest of its kind on the continent, uniting international and regional stakeholders with a view of driving new investment across the African energy value chain. This year’s edition will once again feature the Invest in: Orange Sub-Basin Roundtable, offering insight into one of the most anticipated frontier markets on the continent. The session brings together leading voices behind the country’s offshore developments, including Rhino Resources, Sintana Energy, Woodside Energy, TGS, Chevron, Oregen Energy and more.
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Author: admin
Managing the Namibia Oil and Gas Platform