Fossil Energy – Namibia
Galp Energia, leading a consortium with Namcor and Custos, has confirmed a second column of high-quality light oil in the Mopane well.
Galp operates Petroleum Exploration Licence (PEL) 83 with an 80% interest, while the National Petroleum Corporation (Namcor) holds 10%, and Custos Energy, half-owned by Sintana, has a 10% stake.
Custos Chairman and Chief Executive Officer, Knowledge Katti, said the continuing success of the initial exploration campaign, including a second light oil discovery at Mopane-1X, further demonstrates the scope and potential of PEL 83.
“We extend our further congratulations to our partners Galp and Namcor on this second discovery. This is another significant milestone for Custos positioning us for further growth and continued success underpinned by our unmatched position in the heart of the basin,” he said.
Galp says it is intensifying its exploration efforts in the Mopane oil discoveries following successful operations at the AVO-2 target in the Mopane-1X well within block PEL83.