Galp Energia should have a very good view of the volumes of the Mopane reservoirs by late March 2024.
Galp started drilling the Mopane-1X on November 17, 2023, and announced preliminary signs of hydrocarbon presence on January 2, 2024.
On January 12, 2024, Galp confirmed the discovery of a ‘significant column of light oil in reservoir-bearing sands of high quality’ at the Mopane-1X well.
Galp owns 80% of PEL 83 on Blocks 2812A and 2814B in the Orange Basin. Its partners, Namcor and Custos, each hold 10%.
In its 4th quarter report released on February 12, 2024, Galp said it will conduct a drill stem test on Mopane-1X to determine commerciality and recovery, drill Mopane-2X for exploration, and assess the extension.
The company’s CEO, Filipe Silva, said they have very encouraging pressures, very encouraging porosity, and very encouraging permeability.
“We have something that looks sizable. By late March, we will know about commerciality. We should have a very good view of the volumes of the reservoirs that we’ve hit,” he said on Monday.
Galp has invested €382 million (N$8.7 billion) towards upstream projects under development in the exploration campaign in Namibia and Brazilian pre-salt in 2023.
Part of that money went towards starting the construction of the advanced biofuels plant and the 100 MW electrolyser unit in Sines.
