TORONTO - Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) has announced a significant light oil discovery in the Orange Basin, offshore Namibia. The discovery was made at the Mopane-1X well within Petroleum Exploration License 83 (PEL 83), where Sintana holds an indirect 49% interest through its stake in Custos Energy (Pty) Ltd.
Galp Energia, the operator of PEL 83, along with partners NAMCOR and Custos, drilled and logged the Mopane-1X well, confirming the presence of a considerable column of light oil in high-quality reservoir-bearing sands. This marks the first exploration well at PEL 83 to yield such results.
The consortium is considering conducting a Drill Stem Test (DST) in the coming weeks to assess the commercial viability of the find. Drilling operations will continue to target deeper prospects before moving the rig to the Mopane-2X location, aiming to further delineate the Mopane discovery.
PEL 83 is strategically positioned north of Shell (LON:SHEL)'s discoveries at PEL 39 and near TotalEnergies (EPA:TTEF)' giant oil discovery at Venus-1 in PEL 56, underscoring the potential of Namibia's Orange Basin as a significant hydrocarbon province.
Sintana Energy is involved in the exploration and development of petroleum and natural gas on various licenses in Namibia and Colombia's Magdalena Basin.
The information provided in this article is based on a press release statement from Sintana Energy Inc.
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