INSUBCONTINENT EXCLUSIVE:
This venture targets blocks 2813A and 2814B under Petroleum Exploration License 83, where Galp holds an 80% stake.The campaign follows
The new program includes up to four wells: two for appraising existing discoveries and two for exploring new areas.Initial analyses showed
promising results, with reservoirs exhibiting high porosity, strong pressures, and good permeability
The oil found has low viscosity and minimal impurities, simplifying extraction and processing.Namibia stands to gain substantially from this
(Photo Internet reproduction)The government has actively promoted its oil and gas sector, offering attractive terms to encourage investment
and leading to a broader oil boom in southern Africa.However, challenges remain
Offshore deep-water drilling is complex and requires substantial investment
Namibia must carefully manage potential environmental impacts and ensure equitable distribution of benefits among its population.The
Its success could transform the country into a significant oil producer, with wide-ranging economic implications for the nation and the
