"Mopane-3X well confirming new exploration discovery Galp (80%, operator), together with its partners NAMCOR and Custos (10% each), has successfully drilled, cored and logged the Mopane-3X well (Well #5) in PEL83, offshore Namibia, which was spudded on January 2nd.
Mopane-3X, located at an 18 km distance from the first Mopane-1X well, targeted two stacked prospects, AVO-10 & AVO-13, and a deeper sand, in the southeast region of the Mopane complex, at c.1,200 m water depth. Preliminary data confirm light oil and gas-condensate significant columns across AVO-10, and light oil columns on AVO-13 and on the deeper sand, in high-quality sandstones.
The reservoirs log measures confirm good porosities, high pressures and high permeabilities. Initial fluid samples show low oil viscosity and minimum CO2 and H2S concentrations. Samples were sent for lab testing.
Mopane-3X higher-than-estimated pressures and preliminary results unlock further exploration & appraisal opportunities in the southeast region of Mopane. All acquired data will be integrated into the reservoir model and support the planning of potential further activities. The proprietary 3D development seismic acquisition campaign is on track to be completed in the 1Q25, with processing of the information acquired to follow."
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)