Galp to spud another well in Orange Basin
Galp Energia and its partners have decided to retain the Santorini drillship to continue the ongoing exploration and appraisal campaign in the Mopane field in the Orange Basin offshore Namibia.
The Mopane-3X well is expected to be spud early next year, Sintana Energy said in a regulatory filing on the Toronto Stock Exchange’s (TSX) venture exchange (TSX-V).
This follows the drilling of the Mopane-2A well recently, which showed light oil and gas condensate.
Sintana maintains an indirect 49% interest in Custos Energy, which owns a 10% working interest in PEL 83, while Galp is the operator of the project and has a 80% stake. Namcor owns the remaining 10%.
“The acceleration of operations in this second campaign is emblematic of the ongoing progress at Mopane,” said Sintana CEO Robert Bose.
“We look forward to the exploration and appraisal activities anticipated over coming months to further unveil its world class scale and quality,” Bose added.
Results
The Mopane-1A well was spud on 23 October this year.
Results released in the beginning of this month showed light oil and gas condensate in high-quality reservoir-bearing sands, once again indicating good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimal CO2 and no H2S concentrations.
Galp announced in April that the Mopane field could contain up to 10 billion barrels of oil equivalent.
According to the energy news site, energynews.pro, Mopane represents the largest confirmed discovery in the Orange Basin to date, a project that could transform Namibia’s economy.
The Namibian government, although currently a non-producer of hydrocarbons, sees these discoveries as an opportunity to diversify its economy and enter the global oil market, the site reported recently.
Oil production could begin by the end of the decade, with forecasts suggesting that TotalEnergies’ Venus project could start production as early as 2029, followed by Mopane in 2030, with a potential plateau of 211 000 barrels of oil equivalent per day by 2037, it stated.
The Mopane-3X well is expected to be spud early next year, Sintana Energy said in a regulatory filing on the Toronto Stock Exchange’s (TSX) venture exchange (TSX-V).
This follows the drilling of the Mopane-2A well recently, which showed light oil and gas condensate.
Sintana maintains an indirect 49% interest in Custos Energy, which owns a 10% working interest in PEL 83, while Galp is the operator of the project and has a 80% stake. Namcor owns the remaining 10%.
“The acceleration of operations in this second campaign is emblematic of the ongoing progress at Mopane,” said Sintana CEO Robert Bose.
“We look forward to the exploration and appraisal activities anticipated over coming months to further unveil its world class scale and quality,” Bose added.
Results
The Mopane-1A well was spud on 23 October this year.
Results released in the beginning of this month showed light oil and gas condensate in high-quality reservoir-bearing sands, once again indicating good porosities, high permeabilities, and high pressures, as well as low oil viscosity characteristics with minimal CO2 and no H2S concentrations.
Galp announced in April that the Mopane field could contain up to 10 billion barrels of oil equivalent.
According to the energy news site, energynews.pro, Mopane represents the largest confirmed discovery in the Orange Basin to date, a project that could transform Namibia’s economy.
The Namibian government, although currently a non-producer of hydrocarbons, sees these discoveries as an opportunity to diversify its economy and enter the global oil market, the site reported recently.
Oil production could begin by the end of the decade, with forecasts suggesting that TotalEnergies’ Venus project could start production as early as 2029, followed by Mopane in 2030, with a potential plateau of 211 000 barrels of oil equivalent per day by 2037, it stated.
