Advanced Exploration Operations yield Results

The Santorini drillship, operated by Saipem, played a critical role in this success, demonstrating advanced capabilities in deepwater exploration. Following earlier campaigns, the vessel is now moving to its next exploration target within the basin.

“This discovery surpasses our initial expectations and validates our belief in Namibia’s offshore potential,” a Galp spokesperson stated. Galp holds an 80% stake in the PEL 83 license, with Namibia's National Petroleum Corporation (NAMCOR) and Custos each retaining 10% stakes.

Next Steps in Project Development
Galp’s technical teams are analyzing the latest data from the Mopane complex to determine its commercial viability. Meanwhile, preparations are underway for drilling at the Mopane-3X well, where operations are expected to commence in the coming weeks.

Economic Implications for Namibia
For Namibia, the discovery signals more than resource potential—it represents a decisive step toward economic transformation. Offshore hydrocarbon reserves are attracting substantial international investment, positioning Namibia as a future player in the global energy market.

These developments are part of a broader trend, with a series of offshore discoveries highlighting Namibia’s potential as a significant energy producer. Analysts predict these findings could spur job creation, infrastructure development, and technological advancements, setting the stage for sustained economic growth.

‍