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Significant Oil Discovery Boosts Namibia’s Orange Basin

Canadian energy company Sintana Energy has announced a major oil discovery in Namibia's Orange Basin, confirming the presence of a substantial light oil column. The company plans to conduct further tests to evaluate the commercial potential of the find. Sintana Energy is actively involved in petroleum exploration in Namibia and Colombia, demonstrating its commitment to expanding its presence in key oil and gas regions.

by Terry Bingman
Wed, Jan 10, 2024 8:36pm
in Business
• 2 mins read
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Significant Oil Discovery Boosts Namibia's Orange Basin | FinOracle

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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.

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Tags: AIARCarCESColombiaCompanyDemandDiscoDrill stem testEUGalp EnergiaGrowthHydrocarbonInterestIonMarketMopaneNamibiaPotentialReservoirUSVenusWar
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