Breaking News: PEL 83 Launches Second Campaign with Exciting Updates and Accelerated Operations, Including the Spud of Mopane-2-A Well!
TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) —
Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following further update regarding the second campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 83 (“PEL 83”) which is operated by a subsidiary of Galp Energia (“Galp”) of Portugal. Sintana maintains an indirect 49% interest in Custos Energy (Pty) Ltd. (“Custos”), which owns a 10% working interest in PEL 83. NAMCOR, the National Petroleum Company of Namibia, also maintains a 10% working interest.
Exciting Developments in PEL 83
The launch of the second campaign in PEL 83 is expected to bring about significant updates and accelerated operations in the Orange Basin. One of the key highlights of this campaign is the spud of the Mopane-2-A well, which promises to be a game-changer in the oil and gas exploration industry.
With the involvement of Galp Energia as the operator of PEL 83, there is a high level of expertise and technological advancements that will be utilized to maximize the potential of the blocks. The collaborative efforts of Sintana Energy Inc., Custos Energy, and NAMCOR will ensure that the exploration activities are carried out efficiently and effectively.
Investors and stakeholders are eager to witness the outcome of the second campaign, with hopes of discovering new reserves and expanding the production capacity in Namibia’s Orange Basin.
Stay tuned for more updates as the second campaign progresses and the Mopane-2-A well reaches new depths in the quest for valuable resources.
How Will This Affect Me?
As a consumer, the successful exploration and production activities in PEL 83 could potentially lead to increased availability of oil and gas resources in the market. This could have a direct impact on energy prices and availability, influencing daily activities and living costs.
How Will This Affect the World?
The accelerated operations in PEL 83 could contribute to the global energy supply chain, offering new sources of oil and gas to meet the growing demands of various industries. This could have a ripple effect on the economy and geopolitics, shaping international trade and energy policies.
Conclusion
The launch of the second campaign in PEL 83 marks an important milestone in the exploration and production activities in Namibia’s Orange Basin. With exciting updates and accelerated operations, including the spud of the Mopane-2-A well, the industry is set for a transformative journey towards discovering new reserves and expanding production capabilities. Stay tuned for more developments as the campaign progresses and the world awaits the outcomes of these promising endeavors.
