"State-owned Namcor also confirms geology of Mopane-1X exploration well, a discovery it describes as 'amazing'.
Galp Energia’s successful Mopane-1X exploration well offshore Namibia hit a “substantial” pay zone, according to state oil company Namcor, which has also elaborated on the geology of the discovery.
Namcor said Mopane-1X in Block 2813A in which it has a 10% carried interest “confirmed the discovery of a substantial column of light oil in high-quality, reservoir-bearing sands in the Cenomanian-Turonian interval.” This is the second Upper Cretaceous oil discovery in the Orange basin, said the state-owned player, after Shell’s Graff find, augmenting the Lower Cretaceous oil discoveries made by TotalEnergies and Shell in 2022.
Shiwana Ndeunyema, interim managing director of Namcor, said: “This is an amazing time for Namibia and Namcor. The Mopane-1X discovery is not just a significant achievement for our organisation but also a beacon of hope for the entire nation’s economic future. We are immensely pleased with these results and excited about the potential opportunities this opens up for our country.”
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