(Source: Shutterstock.com)
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
Warmer-than-average US Temps to Pressure Gas Demand Side
2024-09-30 - Higher U.S. temperatures are expected to pressure gas demand for gas-fired electricity, according to a report from Rystad Energy.
US NatGas Prices Slide 2% as Mild Weather Keeps Storage Injections High
2024-11-07 - U.S. natural gas futures have fallen on forecasts for weather to remain mild through late November.
Oil and Gas Stocks Revel in a Post-Election Trump Bump
2024-11-08 - Oil and gas company stocks, particularly those of E&Ps and oilfield services, enjoyed a boost immediately following the presidential election of Donald Trump.
Florida Gas Stations Run Empty Amid Panic Ahead of Hurricane Milton
2024-10-09 - Terminals, pipelines and gas stations are shutting down in Florida as the state readies for the impacts of Hurricane Milton.
Natural Gas Storage Moves Closer to Average
2024-10-17 - Producers put 76 Bcf of natural gas into U.S. storage—a little less than market expectations—as the traditional storage season nears an end and prices continue to fall.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.