TotalEnergies completes critical flow tests on huge Namibian discovery - Upstream Online
TotalEnergies completes critical flow tests on huge Namibian discovery | Upstream Online
TotalEnergies has completed more than a dozen flow tests on an appraisal well at its multibillion barrel Venus oil and gas discovery in Namibia’s prolific Orange basin.
For the time being, results are being kept under wraps by the secretive supermajor — the French giant did not respond to Upstream questions — but any sign of hydrocarbons flowing to surface in a well is positive.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”