RE: Ceo tweet PEL 94 with material scale & active farm‑out talks6 Jan 2026 10:13
The Mopane discovery in Namibia, located in the Orange Basin and operated by Galp Energia, is a significant offshore find of light oil and gas condensate, estimated to hold at least 10 billion barrels of oil equivalent (Bboe), marking a major boost for Namibia's burgeoning energy sector. Following successful wells like Mopane-1X, Mopane-2X, and Mopane-3X, the complex shows high-quality reservoirs and exceptional production potential, leading to further appraisal drilling and interest from other major players like TotalEnergies, who are now taking over operatorship to develop this potential supergiant field.
Key Details:
Operator: Galp Energia (Portuguese energy company).
Location: Orange Basin, offshore Namibia.
Resources: Estimated at 10+ Bboe (billion barrels of oil equivalent).
Fluid Type: High-quality light oil and gas condensates.
Significance: Potential to transform Namibia into a major oil producer, attracting substantial investment and development efforts.
Development & Future:
Exploration: Multiple successful wells (Mopane-1X, 2X, 3X, 2A) confirmed extensive, high-quality reservoirs.
Partnership: TotalEnergies has entered as operator for the Mopane field in PEL 83.
Next Steps: Focused appraisal drilling and seismic studies are ongoing to confirm resources and plan development.
Economic Growth:
Expected to generate significant revenue and economic growth for Namibia.
Global Significance:
Ranks among the largest oil finds globally in the past decade.