- Custos Energy reported a significant oil discovery off the coast of Namibia’s Orange Basin.
- The Mopane-3X well, drilled in PEL 83, targeted two prospects and deeper sand formations.
- Spudded on January 2, 2025, the well confirmed light oil and gas condensate in high-quality sandstones.
- Initial reservoir data indicates good porosities, high pressures, and low oil viscosity with minimal CO2 and H2S.
- Higher-than-expected pressures at Mopane-3X create new exploration opportunities.
- Fluid samples are under further analysis, with ongoing 3D seismic acquisition to guide future activities.
- Knowledge Katti praised partners for safe operations and emphasized the strategic importance of the discovery.
