Namibia: Another Oil Discovery in Namibia’s Orange Basin Boosts Exploration Hopes

Custos Energy on Tuesday announced another significant oil discovery off the coast of Namibia, further cementing the country’s Orange Basin as a promising new frontier for hydrocarbon exploration.

The company, along with its partners, including operator Galp Energia and the National Petroleum Corporation of Namibia (NAMCOR), in a statement said it has successfully drilled the Mopane-3X well, the fifth well drilled on Petroleum Exploration License 83 (PEL 83).

“We are pleased to announce that the…