Sintana Energy CEO discusses Orange Basin exploration progress - ICYMI

Company Updates - Sintana Energy has made significant progress in its Orange Basin assets, particularly at PEL 83 and PEL 90, with the completion of the Mopane 3-X well yielding better-than-expected results in reservoir quality and light oil production [4][5][6] - The drilling campaign at PEL 83 is concluding, and data synthesis is underway, with Galp considering partnership opportunities for future development [6] - Chevron's well at PEL 90 did not encounter commercial hydrocarbons but confirmed the geological model, enhancing confidence for future drilling [7][8] - PEL 87, which contains the Saturn Superfan, has seen Woodside opt out of its option agreement, prompting Sintana Energy to seek alternative partners for further exploration [9][10][11] - Chevron has completed a farm-in at PEL 82, indicating new drilling activities expected next year [12] Industry Context - The upstream sector in Namibia is undergoing significant changes, with a new president taking office, which could lead to substantial economic growth for the country [13] - The Orange Basin is recognized as a supermajor province, necessitating substantial technical and financial resources for exploration and development [10]