Curated News
By: NewsRamp Editorial Staff
December 31, 2024
Custos Energy Reports Success in Namibian Oil Exploration Campaign
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- Custos Energy participates in successful drilling and discovery operations in Namibia's Orange Basin, enhancing its oil and gas prospects.
- Custos' 10% working interest in PEL 83, operated by Galp Energia, leads to hydrocarbon discoveries at Mopane-2A and plans for Mopane-3X exploration well.
- Custos Energy aims to create a sustainable future for Namibia by developing its offshore industry and supporting local communities and youth.
- Custos' ongoing exploration activities in the Mopane area reveal world-class hydrocarbon potential, positioning the company at the forefront of emerging discoveries.
Impact - Why it Matters
This news showcases the potential of the Mopane complex in Namibia's Orange Basin, attracting attention to the emerging hydrocarbon province and highlighting the ongoing efforts to assess commercial viability. The discoveries made in the exploration campaign have the potential to impact the oil and gas industry in the region and contribute to the sustainable future of Namibia's offshore industry.
Summary
Custos Energy provides an update on the second exploration and appraisal campaign in Namibia's Orange Basin, highlighting successful operations at the Mopane-2A well. The well discovered a hydrocarbon column of gas-condensate and light oil in high-quality reservoirs with no water contacts found.
Galp Energia, the operator of Petroleum Exploration License 83, along with partners including Custos Energy, are set to continue analysis and exploration in the area, with the upcoming Mopane-3X well targeting stacked prospects AVO-10 & AVO-13.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Custos Energy Reports Success in Namibian Oil Exploration Campaign
