Block 2912 & 2913B Namibia
Meren has indirect interests in these blocks through a 39.5% shareholding in its investee company Impact Oil & Gas Limited (“Impact”), which has a 9.5% interest in each Block 2912 and Block 2913B. These blocks are operated by TotalEnergies (47.2% in Block 2912 and 50.5% in Block 2913B). Other partners include QatarEnergy (28.3% in Block 2912 and 30% in Block 2913B) and NAMCOR (15% in Block 2912 and 10% in Block 2913B).
Block 2913B contains the world class Venus light oil and associated gas field that was discovered by the Venus-1X well drilled in 2022, which encountered high-quality light oil-bearing sandstone reservoir of Lower Cretaceous age. Three follow-on appraisal wells have de-risked the field with the results supporting the Venus development case – with FID targeted for 2026.
