WINDHOEK, March 16 — The National Petroleum Corporation of Namibia (NAMCOR) announced a major discovery in the Orange Basin offshore Namibia Friday, saying that its drilling operation encountered a substantial column with light oil in high-quality reservoirs.
“NAMCOR remains committed to its mission of exploring and responsibly developing Namibia’s petroleum resources, and this discovery is a testament to the organization’s dedication and expertise,” said the company in a statement, describing it as a significant development for Namibia’s oil exploration. NAMCOR, holding a 10 percent carried interest, collaborated with its partners, Portuguese firm Galp Energia (80 percent), and local company Custos (10 percent), to successfully drill the Mopane-2X exploration well to its designated depth. Galp Energia, the operator, will conduct a thorough analysis of the acquired data in the upcoming weeks to determine the commercial viability of the discovery. The latest discovery follows a significant oil discovery at the Mopane-1X well, situated off the coast of Namibia, announced by NAMCOR and its partners in January this year.
Xinhua Proud partner of African Youth Newspaper
