By: Energy capital & power

Australian independent exploration and production company Grand Gulf Energy has entered Namibia. The remaining interests are held by Namibian firm TSE Oil and Gas (20%) and the National Petroleum Corporation of Namibia (10%).

This strategic move positions Grand Gulf Energy to potentially enter one of the world’s most promising exploration frontiers. Namibia has seen significant offshore discoveries in recent years, with over 11 billion barrels of oil estimated and multiple high-profile finds, and is set to drill more than seven high-impact offshore wells in 2025.

To support the evaluation of Block 2312, Grand Gulf Energy is raising $700,000 through a private placement. The funds will be used to reassess the block’s seismic characteristics and better understand its hydrocarbon potential. Additionally, the company has engaged Havoc Services to provide technical advisory support, assist in assessing exploration opportunities and help advance its fundraising strategy.

Block 2312 spans 16,800 km² and is estimated to hold 1.1 billion barrels of oil. The block includes 6,100 km² of 3D seismic and 4,700 km of 2D seismic data.