Portugal's Galp in advanced talks to choose partner for Mopane this year

Core Insights - Galp is in advanced negotiations with multiple oil majors to divest a 40% stake in its offshore Mopane field located in Namibia, with a decision on a partner expected by year-end [1] Group 1 - The Mopane field is considered promising, indicating potential for significant oil production and exploration opportunities [1] - The sale of the stake aligns with Galp's strategy to optimize its portfolio and focus on high-potential assets [1] - Engaging with major oil companies suggests a competitive interest in the Mopane field, which may enhance its valuation [1]