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Golden block ready to shine: TotalEnergies set to take champagne off ice after latest tests as giant Namibian oil discovery - Upstream Online

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Golden block ready to shine: TotalEnergies set to take champagne off ice after latest tests as giant Namibian oil discovery | Upstream Online

Initial results from a critical production test being run on the offshore wildcat that discovered TotalEnergies’ huge Venus oilfield in Namibia’s prolific Orange basin, are promising, according to well-placed sources.

Golden block ready to shine: TotalEnergies set to take champagne off ice after latest tests as giant Namibian oil discovery

Early results from debut drill stem tests on potential 5 billion barrel discovery are positive

14 September 2023 10:20 GMT Updated 14 September 2023 10:20 GMT
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in London

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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