Galp’s Mopane Discovery

Another Major Find in Namibia’s Oil Frontier

In late November 2024, Galp, in partnership with NAMCOR and Custos Energy Ltd, made a significant oil and gas discovery at the Mopane-1A well in Block 2813A. This confirmation of light oil and gas-condensate is not just another addition to Namibia’s growing list of discoveries—it could be a game-changer for the country’s energy industry.

What is the Mopane-1A Discovery?

The Mopane-1A well is located in the Orange Basin, the same region where Shell and TotalEnergies have made major discoveries. Unlike previous wells, Mopane-1A found both light oil and gas-condensate in high-quality reservoirs, proving the commercial potential of the AVO-1 reservoir.

High-Quality Reservoirs – The rock formations found in Mopane-1A are porous and permeable, allowing for efficient hydrocarbon extraction.

Light Oil and Gas-Condensate – These are premium hydrocarbons that are easier to process and command higher market prices.

 

What This Means for Namibia’s Economy

The Mopane discovery could significantly boost Namibia’s GDP by:

• Attracting more foreign investment into the energy sector.

• Creating thousands of jobs in oilfield services, logistics, and downstream industries.

• Generating substantial government revenues through royalties and taxes.

 

Strategic Challenges and Opportunities

While the Mopane discovery presents enormous economic potential, it also poses strategic challenges:

Infrastructure Requirements – Namibia needs to invest in export terminals, pipelines, and storage facilities.

Balancing Oil and Environmental Sustainability – Developing Mopane responsibly will require strict environmental regulations.

Geopolitical Dynamics – Namibia’s growing energy influence could shift regional power balances in Southern Africa.

A New Chapter for Namibia’s Energy Industry

With Mopane-1A, Namibia is solidifying its position as Africa’s most exciting new oil frontier. As appraisal drilling continues into 2025, the country has a unique opportunity to transform its economy—but success will require visionary leadership and strategic execution.

Key sources:

The Namibian (Nov 2024) – “Galp Confirms Light Oil and Gas-Condensate in Mopane-1A Well”

NAMCOR Press Release (Dec 2024) – “New Discovery in Block 2813A Boosts Namibia’s Oil Potential”

African Energy Review (Dec 2024) – “Why Galp’s Mopane Discovery is a Game Changer for Namibia”