Galp Strikes Oil Offshore Namibia

(OE) Portuguese oil and gas company Galp has reported the discovery of light oil in in an exploration well being drilled offshore Namibia with Hercules semi-submersible rig.

The news follows Galp’s January 2 update informing about preliminary signs of hydrocarbon presence at the Mopane-1X well, being drilled at Petroleum Exploration License 83 (PEL 83) block in Namibia’s Orange Basin.

Now, the company has confirmed the discovery of a significant column of light oil in reservoir-bearing sands of high quality.

Galp said it will continue to analyze the acquired data and anticipates performing a drill stem test (DST) in the coming weeks to assess the commerciality of this discovery.

The drilling operations at Mopane-1X, being conducted with the semi-submersible rig Hercules, will proceed to explore deeper targets.

Upon completion, the rig will be relocated to the Mopane-2X location to further evaluate the extent of the Mopane discovery, according to Galp.

Galp, as the operator has 80% stake in PEL 83, with partners NAMCOR and Custos holding 10% each.