Galp Energia’s Mopane oil discovery offshore Namibia to support company growth, CEO predicts
(WO) – In its quarterly report, Galp Energia reported positive upstream results following its Mopane oil discovery in Namibia’s prolific Orange basin. Industry analysts anticipate the budding offshore region to rival Guyana in recoverable resources.
“In Namibia, together with our two local partners Namcor and Custos, we have significantly de-risked the Mopane complex after completing the first two wells and the DST in Mopane 1X,” said Filipe Silva, CEO of Galp.
He continued, “We have encountered significant light oil columns in high quality reservoir conditions, placing Mopane as a potential major commercial discovery. This should support the growth profile of Galp for the next decades to come, as we gradually lower the carbon intensity of our downstream businesses”
