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
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
2024-02-19 - Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
ProPetro Reports Material Weakness in Financial Reporting Controls
2024-03-14 - ProPetro identified a material weakness in internal controls over financial reporting, the oilfield services firm said in a filing.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions