Galp has launched drilling on its PEL 83 license in the Orange Basin

Galp has launched drilling on its PEL 83 license in the Orange Basin

(Ecofin Agency) – Galp recently appointed oil and gas services company Fugro to carry out geophysical operations in the territorial waters of Namibia. The scope of this work has not been determined.

Information transmitted Friday 1any December report on Portuguese company Galp launching well drilling activities under license PEL 83, an oil and gas exploration area, located in the Orange Basin, offshore Namibia.

These operations began with the Mopane 2X well, the first of two exploration wells that Galp plans to drill in the area. However, the company did not provide details regarding the objectives and geological structure involved in these operations.

However, we do know that in order to carry out the work, Hercules, a sixth-generation semi-submersible drilling rig capable of operating in water depths ranging from 10,000 to 35,000 feet, has been mobilized by stakeholders.

Knowledge Katti, CEO of Custos Energy, one of the companies working on exploration for PEL 83, spoke about this development. “The large potential of PEL 83, combined with its relatively shallow water depth, makes it one of the largest and most profitable opportunities in the Orange Basin.”-Did you announce?

The PEL 83 license is operated by Galp, which owns 80% of the site’s exploration rights, along with the Namibian State Petroleum Corporation (NAMCOR), and local company Custos Energy, with 10% each. Last year, the Namibian Ministry of Energy extended exploration rights at the site.

Abdul Latif Bourima

Read also:

11/15/2023 – Namibia: Fugro completes Galp’s geophysical studies for an offshore oil and gas exploration project

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06/24/2022 – Namibia: Galp obtains an extension for exploration rights for PEL 83 license

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