Offshore oil and gas exploration activity intensifies in Namibia as Galp commences drilling operations in license PEL 83, while Chevron pursues approval for a comprehensive drilling program. Galp recently contracted the Hercules rig managed by Odfjell Drilling through SFL Corporation, setting the stage for drilling activities in the heart of Namibia’s Orange Basin. The contract spans 115 days and includes two wells with optional well testing. Fugro's completion of an environmental and geophysical survey offshore Namibia further underscores the growing interest in the region's potential.

Galp, serving as the operator of PEL 83, holds an 80% interest in the license, with the National Petroleum Company of Namibia (Namcor) and Custos Investments each holding a 10% stake. Sintana, through its investment in Custos, indirectly owns a 49% interest. The exploration well, Mopane 2X, marks the initial phase of drilling activities scheduled by the Hercules semi-submersible rig.

Knowledge Katti, Chairman and CEO of Custos Energy and a Director of Sintana, emphasized the promising prospects of PEL 83, positioning it as a lucrative opportunity in the Orange Basin.

Namibia's Ministry of Mines and Energy expressed anticipation for the extension of Upper Cretaceous plays into PEL 83, further validating the region's potential.

Meanwhile, TotalEnergies continues to progress exploration and appraisal activities in the region, with the Deepsea Mira rig appraising the Venus discovery. Chevron Corporation affiliates are also seeking environmental clearance for a multi-well drilling program on block 2813B within PEL 90, slated to commence in the fourth quarter of 2024.

Robert Bose, President and Director of Sintana, highlighted the ongoing activity across Namibia's Orange Basin blocks, underscoring the quality of the region's opportunities.

Sintana, through its investment in InterOil, maintains a 49% indirect interest in Trago Energy (Pty) Ltd, a key player in PEL 90.

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