Galp secures licence extension off Namibia
Galp has secured an extension for an exploration licence off the coast of Namibia, near to discoveries made by Shell and TotalEnergies, paving the way for the company to drill an exploration well there next year.
The extension was granted by Namibia's ministry of mines and energy, Galp's licence partner Sintana Energy reported on June 21. Sintana said the licence, PEL 83, "represents one of the most exciting exploration opportunities in the Orange basin."
The licence area is adjacent to block 2913A, where Shell made its Graff-1 light oil discovery earlier this year, and is directly west of the Kudu gas field that is currently being developed by BW Energy. It also shares a border with block 2913B, where TotalEnergies made its Venus-1 oil discovery this year as well.
Galp operates PEL 83 with an 80% interest, while Namibia's National Petroleum Corp has 10% and Custos Energy, half-owned by Sintana, also has 10%.