Good news form GALP overnight
14/03/2024
Update 4 on Namibia exploration
Galp (80%, operator), together with its partners NAMCOR and Custos (10% each), has successfully drilled the Mopane-2X well to its designed depth, in block PEL83.
Drilling encountered a significant column with light oil in reservoirs of high quality.
The AVO-3 exploration target, the AVO-1 appraisal target and a deeper target were fully cored and logged.
The AVO-1 appraisal target found the same pressure regime as in the Mopane-1X discovery well located around 8 km to the east, confirming its lateral extension.
The rig will now return to the Mopane-1X well location to conduct a DST until early April.
Galp will continue to analyse the acquired data during the coming weeks to assess the commerciality of the discoveries.
Galp | Investor Relations Team
Contacts:
Tel: +351 21 724 08 66
Website: www.galp.com
Email: [email protected]
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