Sintana Energy announces major oil discovery in Namibia’s Orange Basin
Canadian energy company Sintana Energy Inc. has made a significant light oil discovery in the Orange Basin, located offshore Namibia. The discovery was made at the Mopane-1X well, which is part of Petroleum Exploration License 83 (PEL 83). Sintana holds an indirect 49% interest in PEL 83 through its stake in Custos Energy (Pty) Ltd.
Mopane-1X well confirms significant light oil column in PEL 83
The Mopane-1X well, operated by Galp Energia in conjunction with partners NAMCOR and Custos, has confirmed the presence of a substantial column of light oil in high-quality reservoir-bearing sands. This discovery marks the first exploration well in PEL 83 to yield such promising results.
Drill Stem Test planned to evaluate commercial potential of find
The consortium, consisting of Galp Energia, NAMCOR, and Custos, is considering conducting a Drill Stem Test (DST) in the coming weeks to assess the commercial viability of the oil discovery. This test will help determine the flow rates and production potential of the reservoir. Further drilling operations will also take place to explore deeper prospects and delineate the Mopane discovery even further.
Sintana Energy explores Namibia’s Orange Basin for hydrocarbon reserves
The recent oil discovery in the Orange Basin, offshore Namibia, highlights the potential of this region as a significant hydrocarbon province. Situated north of Shell’s discoveries at PEL 39 and in proximity to TotalEnergies’ giant oil discovery at Venus-1 in PEL 56, the Orange Basin is emerging as a promising area for oil exploration and production.
Sintana Energy involved in petroleum exploration in Namibia, Colombia
Sintana Energy is actively involved in the exploration and development of petroleum reserves in Namibia and Colombia’s Magdalena Basin. The company holds interests in various licenses, including the significant stake it has in Petroleum Exploration License 83 (PEL 83) through its subsidiary Custos Energy (Pty) Ltd. Sintana Energy’s participation in multiple projects demonstrates its commitment to expanding its presence in key oil and gas regions, fueling the global energy demand.
This article highlights Sintana Energy’s major oil discovery in Namibia’s Orange Basin. The confirmation of a significant light oil column at the Mopane-1X well validates the potential of the region and warrants further exploration. By conducting a Drill Stem Test, the consortium aims to evaluate the commercial viability of the find, while also targeting deeper prospects to delineate the discovery. Sintana Energy’s involvement in petroleum exploration in Namibia and Colombia showcases the company’s commitment to unlocking hydrocarbon reserves in strategic locations.
Analyst comment
Positive news. The major oil discovery in Namibia’s Orange Basin validates the region’s potential and warrants further exploration. A Drill Stem Test will assess commercial viability, while deeper prospects will be targeted. Sintana Energy’s involvement in petroleum exploration demonstrates commitment to unlocking hydrocarbon reserves in strategic locations. The market is expected to respond positively, with increased interest in oil exploration in Namibia and potential growth for Sintana Energy.
