Company Overview - Galp Energia, SGPS, S.A. has made a significant oil and gas discovery in Namibia's Orange Basin through its Petroleum Exploration License 83, with the Mopane-2A well revealing a hydrocarbon column of gas-condensate and light oil [1][5] - The company operates with an 80% working interest in the Mopane-2A well, partnering with NAMCOR and Custos, each holding a 10% interest [5] Reservoir Characteristics - The AVO-3 and AVO-4 reservoirs are identified as high-quality with good sands, porosities, and permeabilities, characterized by high pressure and low fluid viscosities, containing minimal CO2 and no H2S [2] Industry Context - Namibia is emerging as a significant hotspot for oil exploration, attracting major oil companies due to recent discoveries along its coast [3] - Other major players, including Shell and TotalEnergies, have also made notable discoveries in the Orange Basin, enhancing Namibia's position in the global oil industry [4] Future Plans - Galp Energia plans to further analyze data from the drilling process to assess the commercial viability of the Mopane complex and will relocate the Santorini drillship to target additional prospects [6] - A high-density, high-resolution 3D seismic survey will be conducted across the Mopane complex to complement drilling activities [7]
Galp Energia Achieves Success in Namibia's Mopane Complex