Results for: Namibia

Galp Energia’s shares soared after the company announced positive results from a well test at its Mopane prospect in Namibia. The test suggests the well could potentially contain 10 billion barrels of oil equivalent or more, positioning it as a significant commercial discovery. Galp’s successful exploration campaign has contributed to Namibia’s emergence as a major oil exploration hotspot.

Shares of Portuguese energy operator Galp Energia have surged following the announcement of a significant oil discovery in the Mopane field offshore Namibia. The discovery, estimated to contain at least 10 billion barrels of oil, has the potential to transform Galp into a major player in the global energy market.