Custos Energy is excited to share an update on the second exploration and appraisal campaign for blocks 2813A and 2814B in Namibia’s Orange Basin, a rapidly emerging oil and gas hotspot. These blocks fall under Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia. Custos and NAMCOR, Namibia’s National Petroleum Corporation, each hold a 10% working interest in PEL 83.
The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the Mopane-3X well (Well #5), which began drilling on January 2, 2025.
Located 18 km from the first Mopane-1X well, Mopane-3X targeted two stacked prospects, AVO-10 and AVO-13, along with a deeper sand formation in the southeastern part of the Mopane complex, at a water depth of approximately 1,200 meters.
Initial data confirms significant columns of light oil and gas-condensate within high-quality sandstones in AVO-10. Additionally, light oil columns have been identified in AVO-13 and the deeper sand, also within high-quality reservoirs.
Reservoir log measurements indicate excellent porosity, high pressures, and strong permeability. Early fluid samples show low oil viscosity with minimal CO₂ and H₂S content. These samples have been sent for further laboratory analysis.
The unexpectedly high pressures and promising initial results at Mopane-3X open new exploration and appraisal opportunities in the southeastern Mopane region. The team will integrate all collected data into the reservoir model to guide future activities. Meanwhile, the proprietary 3D development seismic acquisition campaign remains on schedule for completion in Q1 2025, with data processing set to follow.
“These latest discoveries in a previously unexplored section of Mopane highlight the scale and quality of the complex,” said Knowledge Katti, Chairman and CEO of Custos. “This world-class asset continues to reveal its multi-phase potential. We congratulate our joint venture partners on another safe and successful campaign. Custos is proud to be positioned at the center of this promising hydrocarbon province.”
Source: prnewswire.com
African Energy Council