After drilling and logging the Mopane-1X well offshore Namibia with its partners NAMCOR and Custos Energy, Galp Energia made a “significant” light oil discovery on Jan. 10, the company said.
Mopane-1X, located in the Orange Basin, is the first exploration well at PEL 83. PEL 83 is located near many large discoveries in the basin, including Shell’s Graff-1, La Rona-1 and Jonker-1 and TotalEnergies’ giant Venus-1 oil discovery.
Data will be analyzed, and a drill stem test will be performed in the coming weeks to assess the commercial viability of the discovery.
Upon completion of the drilling operations at Mopane-1X, the rig will be relocated to the Mopane-2X location to further evaluate the Mopane discovery.
Recommended Reading
Ithaca Deal ‘Ticks All the Boxes,’ Eni’s CFO Says
2024-04-26 - Eni’s deal to acquire Ithaca Energy marks a “strategic move to significantly strengthen its presence” on the U.K. Continental Shelf and “ticks all of the boxes” for the Italian energy company.
Deep Well Services, CNX Launch JV AutoSep Technologies
2024-04-25 - AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
2024-02-29 - MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.