A major oil and gas discovery has been made off the coast of Namibia in the Orange Basin. The find was made by several companies working together: Namcor, Galp Energia, and Custos.
The group started drilling on December 2nd. They were exploring an area called PEL 83. The well they drilled is named Mopane-2A.
The well hit a gas and condensate layer in one spot. It also found a light oil layer in another spot. Both spots had very good rock quality. The rock lets fluids flow easily. There is also high pressure in the rock.
The companies will study the results more. They want to see if they can make money from the find. They plan to drill another nearby well very soon, called Mopane-3X.
The group is also conducting more research in the area. They are using sound waves to "see" below the ocean floor, which will help them make better plans.
If the oil and gas can be pumped out, it could be very good for Namibia's economy. The country could earn a lot of money from the find. It will be exciting to see what happens next.
The discovery has the potential to bring new wealth and growth to the nation. Many people are hopeful about the future. They see this as a major event for Namibia.
The group started drilling on December 2nd. They were exploring an area called PEL 83. The well they drilled is named Mopane-2A.
The well hit a gas and condensate layer in one spot. It also found a light oil layer in another spot. Both spots had very good rock quality. The rock lets fluids flow easily. There is also high pressure in the rock.
The companies will study the results more. They want to see if they can make money from the find. They plan to drill another nearby well very soon, called Mopane-3X.
The group is also conducting more research in the area. They are using sound waves to "see" below the ocean floor, which will help them make better plans.
If the oil and gas can be pumped out, it could be very good for Namibia's economy. The country could earn a lot of money from the find. It will be exciting to see what happens next.
The discovery has the potential to bring new wealth and growth to the nation. Many people are hopeful about the future. They see this as a major event for Namibia.
