Workers aboard a drillship
Mopane offers Namibia learning curve
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
Galp’s planned farm-out of the Mopane complex in Namibia may not happen until late next year, as the Portuguese firm continues to carry out appraisal work on the offshore prospect. A number of IOCs have been linked to Galp’s intent to farm-down its 80% stake in the sizeable Mopane prospect. Galp CEO Filipe Silva recently told an earnings call that “we have had a number of discussions, and we do have a short list of super-credible parties that are keen on Namibia”. But he stressed that “this is not the time to tie up with anyone... not before we complete, at least, the next two of the four-well campaign that we have in mind”. As a result, “we will wait until most likely the end of 2025” to si
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
