Portuguese oil firm Galp discovers oil and gas in Namibia, signaling potential new production.

Galp Energia, a Portuguese oil and gas company, has discovered light oil and gas condensate in the Mopane-1A well in Namibia's offshore block PEL83. The well encountered high-quality reservoir sands with good porosity and high permeability. Galp, which operates the block with an 80% interest, plans further exploration and a 3D seismic campaign starting in December. The discovery could lead to Namibia entering the global oil market, with potential oil production by decade's end.

December 02, 2024
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