About the Permit
Sintana holds an investment interest in the PEL 83 license (Blocks 2813A/2814B) which is located in the northern Orange sub-basin approximately 150 km off the south-west coast of Namibia offshore.
The Barremian Aptian source rock (Kudu shale) is mature and believed to be within the oil mature window across PEL 83. Over 400 km2 of structural closure and an estimated 200 meters of average gross reservoir thickness has been mapped.
In November of 2023, Galp spudded the Mopane-1X well and in January Galp announced the discovery of AVO-1 and AVO-2 both significant columns of light oil in reservoirs of high quality sands. In March Galp reported several discoveries at the Mopane-2X location, the AVO-1 appraisal target, AVO-3 exploration target and a deeper target were fully cored and logged. The AVO-1 appraisal target found the same pressure regime as in the Mopane-1X discovery well located approximately 8 km to the east, confirming its lateral extension.
In April of 2024, Galp successfully completed drill stem testing (DST) operations at the Mopane-1X well. Galp subsequently reported that the reservoirs’ log measures contain good porosities, high pressures and high permeabilities in large hydrocarbon columns. Fluid samples present very low oil viscosity and contain minimum CO2 and no H2S concentrations, positioning Mopane potentially as an important commercial discovery.
Highlights
- The Kudu gas field holds proved reserves of 1.3 TCF (or 220 Mboe) with a further potential of 3-9 TCF.
- Adjacent to Shell’s largest commercial find (Graff-1) in Africa since 1996 and 2nd largest globally in 10 years.
- The license also lies north and east of Venus Discovery by TotalEnergies, currently has a 5-Year drilling plan estimated at $800M.
- In early January, Galp confirmed the discovery of a significant column of light oil in reservoir-bearing sands of high quality at the Mopane-1X.
- In mid March Galp confirmed the Mopane-2X discovery of three high quality reservoirs including the lateral extension of the Mopane AVO-1 reservoir.
| Partners | Participation Interest |
|---|---|
| Galp Energia (Operator) | 80% |
| Inter Oil (Pty) Ltd.* | 10% |
| NAMCOR | 10% |
* Effective Interest – On March 9th 2022, the Company completed the acquisition of 49% of Inter Oil (Pty) Ltd. resulting in an effective interest to Sintana Energy in PEL 83 of 5% carried interest.
PEL 83 Snapshot
| Location | Upper Orange Basin |
| Area | 9,890 km2 |
| Water Depth | 250m – 2550m |
| Grant Date | 02-Sep-16 |
| Licence Term | 5 years + 1 year extension + 2 renewal terms of 2 years |
| 2D Seismic | 5000 km |
| 3D Seismic | 6300 km2 |
| Nearby Wells | Mopane-1X, Mopane-2X (2024) Enigma-1X (2024) Jonker-1A, Jonker-2A (2023) Lesedi-1X, Jonker-1X (2023) La Rona-1X, Graff-1X (2022) |