Core Insights - Galp Energia is in advanced discussions to divest a 40% stake in its Mopane field offshore Namibia, aiming to select a partner by the end of the year [1][2] - The Mopane field is estimated to contain reserves of at least ten billion barrels [1] - Galp's oil and gas output is primarily focused in Brazil, with a forecasted average production of 105,000–110,000 barrels of oil equivalent per day by 2025 [3] Group 1: Mopane Field Developments - Galp intends to sell half of its 80% stake in the Mopane field, with the selected partner taking on the role of operator [1] - An additional oil and gas condensate discovery was revealed in the Mopane field earlier this year [2] - The production from the Mopane field is not expected to start before 2031 or 2032 [2] Group 2: Bacalhau Field Operations - The Bacalhau field has started production using a floating production, storage, and offloading vessel capable of processing up to 220,000 barrels per day [4] - Bacalhau is expected to generate an annual cash flow of €400 million ($466 million), supporting Galp's operations for the next 15–20 years [4] - Galp operates in Brazil through Petrogal Brasil, a joint venture with Sinopec, which holds a 30% stake [3]