Houston-headquartered energy service giant Halliburton has been awarded a deepwater multi-well construction contract in Namibia by Africa-focused oil and gas firm Rhino Resources.
Under the agreement, Halliburton will construct exploration and appraisal wells and provide testing services. The US firm will also extend its country operation facilities to support all product service lines from Namibia.
According to the company, the energy service giant will begin work on the wells in the fourth quarter of 2024. The deal will also integrate global expertise with local resources to further progress Namibia’s growing energy sector.
Rhino Resources has been conducting exploration activities in Namibia for more than a decade and holds the operatorship of Block 2914A. The block, located in the shallower portion of the Orange Basin, boasts significant potential and is located less than 20 km from the nearest discovery and amidst multiple Namibian discoveries made over the last two years.
In late 2022, Rhino conducted a 3D seismic survey that reinforced the block’s potential with multiple viable plays and drillable prospects.
Earlier this week, offshore rig owner Noble announced that Rhino Resources hired the Noble Venturer drillship for an exploratory campaign of at least two wells. The drilling will begin in November 2024, after the rig wraps up work off Equatorial Guinea.
The dayrate for both the firm term and option scope is set at $410,000, excluding mobilisation. The deal could potentially last between 100 and 250 days.
