Update on Namibia Exploration

Source Company Press Release
Company Galp Energia, Custos Investments (Pty) Ltd, Namcor
Tags Country: Namibia, Upstream: Drilling Activity, Upstream News
Date January 10, 2024

Galp (80%, operator), together with its partners NAMCOR and Custos (10% each), has drilled and logged the first exploration well (Mopane-1X) in block PEL83, offshore Namibia.

Building on the previous announcement dated January 2, Galp now confirms the discovery of a significant column of light oil in reservoir-bearing sands of high quality.

Galp will continue to analyse the acquired data and anticipates performing a Drill Stem Test (DST) in the coming weeks to assess the commerciality of this discovery.

The drilling operations at Mopane-1X will proceed to explore deeper targets. Upon completion, the rig will be relocated to the Mopane-2X location to further evaluate the extent of the Mopane discovery.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd