GALP in the 28 April 2025 quarterly make the very important observation across the Mopane Field that:"Mopane is a rather large system.
Whatwe're finding is that AVOs have different characteristics,..."My interpretation of this information from Galp, from what I know of AVO models is that this is very important information from Galp, that AVO’s vary across the Mopane field with its variable oil and associated gas content.
By way of a simplistic qualitative explanation on AVO's, I would expect that the strength of an AVO is a function of the gas content in the sand reservoir. (There are more sophisticated models on AVO's that OldGeo has posted and alluded to.)The more gas , the slower the seismic velocity through the target sand reservoir.
Where the sand reservoir target is more gassy expect strong AVO- western part of Mopane. Where less gassy and more oil, a weaker AVO- South eastern part of Mopane around 3X.
So, if Saturn has weaker AVO’s than say Venus, then you could be an optimist and say Saturn could be full of light oil!! - eek!
And I would speculate that some of the potential farminees looking over Saturn/PEL 85, will think this as well.
And if BP/ENI Capricornus oil discovery has weaker AVO’s that Venus or the gassy areas of Mopane, that are similar to the Saturn AVO's, then one might speculate that BP will jump on Saturn/PCL/Sintana farmout currently on offer!
And there is a lot mor information that can be gleaned from the GALP April 28 ,2025 Q and A on the Mopane discovery- permeability, resource number and when Galp expect to sell their 40% of Mopane to a major as operator, etc.Interesting times ahead for PCL shareholders and all players in the offshore Orange Basin and all other offshore Namibian basins, imho.
Risk in everything of course.
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