BW Energy reports encouraging preliminary results for Kharas well offshore Namibia

BW Energy announced on Friday that the preliminary results of its Kharas-1 well, which was drilled offshore Namibia in the Kudu license, were encouraging and indicated the presence hydrocarbons.

The results come after a series of discoveries made by oil companies including TotalEnergies and Shell, which have transformed the small Southern African nation into a hotspot for exploration.

BW Energy said that the appraisal well had provided geological data for a wider petroleum system.

BW Energy stated that "early analysis suggests the K1 interval could contain hydrocarbons that are wetter than gas."

BW Energy is developing the Kudu gasfield, which was discovered a few decades ago. It contains approximately 1.3 trillion cubic foot of proven gas. This gas could be used to supply a potential gas-to power project in Namibia.

The company reported that it had observed a front of hydrocarbon migration and was undergoing further testing to determine the reservoir's quality, fluid types and pressure characteristics.

A follow-up campaign is required to assess the individual targets more in detail.

BW Energy holds a 95% interest in the Kudu Production Licence (PPL003). The remaining shares are held by a unit of the national oil company Namcor. Reporting by Wendell Roelf, Editing by Jacqueline Wong, Mark Potter

(source: Reuters)