Niël Terblanché Custos Energy, in partnership with state-owned Namcor and Portuguese energy giant Galp Energia, announced their third light oil discovery in Namibia’s Orange Basin since the beginning of the year. This latest find is a significant development for the Namibian oil and gas sector and has once again accentuated the region’s growing reputation as...
December 14, 2024
Tag: Custos
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Custos and partners in third Namibia oil discovery
Custos Energy (Pty) has confirmed a third discovery of high-quality light oil while drilling the Mopane-2X well. A subsidiary of Galp Energia of Portugal, Galp operates Petroleum Exploration Licence (PEL) 83 with an 80% interest, while the National Petroleum Corporation (Namcor) holds 10%, and Custos has a 10% working interest. “The AVO-3 exploration target, the...
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Custos energy spuds first oil well
Custos Energy has commenced drilling in the Mopane well offshore Namibia this week. The Mopane 2X exploration well is located at the southern end of PEL 83 in the Orange Basin. This well is the first of two set to be drilled by the consortium. Knowledge Katti, the chief executive of Custos Energy, says the...