Africa Oil, a prominent oil and gas company, is set to enhance its footprint by acquiring a block in the Orange Basin, marking a strategic move to bolster its presence. Covering an expansive area exceeding 17,000 square kilometers, the block boasts depths ranging from 500 meters to 2.5 kilometers, with an estimated volume of 4 billion barrels of oil equivalent (boe). Notably, the location places the block in close proximity to TotalEnergies and Shell fields.

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Scheduled to commence in the first half of 2024, the drilling operation aims to tap into the substantial energy reserves within the Orange Basin. Additionally, there is speculation that TotalEnergies may express interest in acquiring the block or securing a stake in the project, further shaping the dynamic landscape of this strategic endeavor.