Curated News
By: NewsRamp Editorial Staff
December 01, 2024
Custos Energy Provides Update on Successful Appraisal at Mopane-1A
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- Custos Energy's successful appraisal at Mopane-1A confirms the potential of the Namibian Orange Basin, providing a strategic advantage in the oil and gas industry.
- The exploration and appraisal campaign on blocks 2813A and 2814B in Namibia's Orange Basin confirmed the extension and quality of AVO-1, with additional high-resolution proprietary 3D seismic campaign set to start in December 2024.
- Custos Energy's discovery in Namibia's Orange Basin contributes to a better and sustainable future for all, especially the stakeholder communities, and aims to provide support and opportunity for the youth of Namibia.
- The Mopane-1A appraisal well encountered light oil and gas-condensate in high quality reservoir-bearing sands, indicating good porosities, high permeabilities, and high pressures.
Impact - Why it Matters
This news matters as it reveals the potential of the Mopane complex in Namibia’s Orange Basin, with significant discoveries of light oil and gas-condensate. The ongoing campaign signifies a milestone for Namibia’s energy sector and holds the promise of future success on PEL 83.
Summary
Custos Energy (Pty) Ltd. (“Custos” or the “Company”) has provided an update on the second exploration and appraisal campaign on blocks 2813A and 2814B in Namibia’s Orange Basin. The campaign is operated by Galp Energia, with Custos and NAMCOR as working interest owners. The Mopane-1A appraisal well encountered light oil and gas-condensate, confirming the extension and quality of AVO-1. The Joint Venture partners plan to continue with exploration and appraisal wells, as well as a high-resolution 3D seismic campaign starting in December 2024.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Custos Energy Provides Update on Successful Appraisal at Mopane-1A
