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Galp, the operator of Petroleum Exploration License (PEL) 83 in Namibia’s Orange Basin, has announced that it will start drilling the first of two exploration wells by the end of 2023. The company is getting ready to spud the first of two exploration wells by the end of this year. Galp secured the drilling rig and awarded the integrated oil services contract.
Galp, the operator of Petroleum Exploration License (PEL) 83 in Namibia’s Orange Basin, has announced that it will start drilling the first of two exploration wells by the end of 2023. The company is getting ready to spud the first of two exploration wells by the end of this year. Galp secured the drilling rig and awarded the integrated oil services contract. This comes as Galp has signed a N$911 million (US$50 million) contract with SFL Corporation for the semi-submersible rig Hercules. Galp operates PEL 83 with an 80% interest, while Namibia’s National Petroleum Corporation has 10%, and Custos Energy, half-owned by Sintana, has a 10% stake.
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PEL 83 is situated north of PEL 39, which is home to Shell’s basin-opening discoveries at Graff-1, La Rona-1, and Jonker-1. It is also situated north and west of PEL 56, where TotalEnergies announced its giant oil discovery at Venus-1. Both Shell and Total continue to progress exploration and appraisal activities on their blocks.
