Bigger oil anticipated for Sintana's Mopane

Sintana Energy Inc says its exposure to Namibia’s offshore oil sector has increased to approximately 67 million barrels of oil equivalent (mmboe) following a major upgrade at the Mopane discovery in PEL 83.

The increase comes after Galp Energia raised the gross 3C contingent resources at Mopane from 875 million barrels of oil equivalent to 1.38 billion barrels, a 57% increase that reinforces the scale of the offshore Namibia find.

Sintana holds an indirect carried interest of 4.9% in PEL 83, translating the resource upgrade into a net interest of about 67mmboe, without the company bearing exploration or appraisal costs.

The Mopane complex is located offshore Namibia in the Orange Basin, which has emerged as one of the world’s most active exploration frontiers following a series of major discoveries.

TotalEnergies is in the process of farming into the licence and is expected to assume operatorship ahead of a planned three-well drilling campaign in the second half of 2026.

The partners are targeting a final investment decision in 2028 and first oil by 2032, placing Mopane among Namibia’s longer-term offshore developments.

Further upside remains under evaluation, with additional prospects identified within the block, including the Quiver and Sobreiro targets, as well as a possible inboard extension of the Mopane structure.

Sintana said it will be fully carried through the upcoming drilling programme by partners including TotalEnergies and Galp, allowing it to retain exposure to the project’s growth without additional capital commitments.