Oregen Energy has expanded its position in Namibia’s emerging Orange Basin, one of the world’s most closely watched oil frontiers, as international operators ramp up appraisal and development efforts following a string of large discoveries.
The company increased its ownership in WestOil Limited to 48.5%, giving it a 33.95% indirect working interest in Block 2712A, a 5,484 km² license in the basin’s core. The block sits adjacent to acreage held by Chevron and Pan Continental, strategically positioning Oregen within a high-potential exploration corridor.
The move, supported by a $3.65 million brokered financing and Oregen’s pending approval to list on the Canadian Securities Exchange, underscores the company’s strategy of securing meaningful interests in deepwater licenses and advancing them toward drilling through seismic and technical de-risking.
Exploration roadmap
Oregen is progressing a multi-year exploration program for Block 2712A. Plans include an independent technical report, acquisition of 3D seismic data in late 2025/early 2026, and a farm-out process by 2026 to bring in a supermajor partner ahead of targeted drilling in 2027.
“Namibia’s recent discoveries are rewriting the map of African oil and gas,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The entrance of new investors into blocks like 2712A shows growing confidence in the country’s energy future.”
Strategic context
Namibia’s Orange Basin has quickly emerged as one of Africa’s most promising plays after discoveries by Shell, TotalEnergies, and Galp that point to multi-billion-barrel potential. Oregen’s entry expands the pool of smaller explorers working alongside international majors and signals continued momentum in upstream investment.
The company has bolstered its leadership team with industry veterans including Adrian Goodisman (former Tullow Oil), Tim O’Hanlon, Mason Granger, and Michael Humphries, bringing exploration, banking, and deal-making expertise to support its strategy.
Oregen said its model emphasizes building large working interests in prospective offshore blocks, de-risking them through seismic acquisition, and then farming out to supermajors with capital depth for drilling and development.
Source: worldoil.com