# Mopane offshore oil discovery in Namibia

> Live situation record from CLSTR: https://clstr.news/situations/mopane-offshore-oil-discovery-in-namibia
> Updated: 2026-08-16T03:42:18.000Z. Sources: 2. Developments: 2.

A consortium led by Galp Energia, alongside Namibia’s state oil company NAMCOR and Custos, has identified a major offshore oil discovery in the Orange Basin’s PEL83 license. Initial drilling at the Mopane-1X and Mopane-2X wells encountered high-quality light oil in multiple sand layers, with technical data indicating high porosity, strong reservoir pressure, and low CO₂ content.

Following subsequent exploration through wells Mopane-3X and Mopane-3S, the estimated in-place resources have been valued at approximately $700 billion, with reserves estimated at 10 billion barrels of oil equivalent. The project is currently transitioning from the discovery phase to resource assessment to evaluate commercial viability.

## Timeline

### 2026-08-16: Mopane oil field discovery in Namibia estimated at 10 billion barrels

Galp Energia has discovered the Mopane oil field in Namibia's Orange Basin, with estimated reserves of 10 billion barrels of oil valued at approximately $700 billion.

2 sources. https://clstr.news/cluster/mopane-oil-field-discovery-in-namibia-estimated-at-10-billion-barrels

### 2026-08-02: Namibia's Mopane Offshore Oil Discovery Estimated at 10 Billion Barrels

Galp and partners have drilled Namibia's offshore Mopane field in the PEL83 license, reaching depths of up to 5 km and reporting light oil flows of 14,000 bpd, with an estimated resource of at least 10 billion

2 sources. https://clstr.news/cluster/namibias-mopane-offshore-oil-discovery-estimated-at-10-billion-barrels

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Cite as: Mopane offshore oil discovery in Namibia. CLSTR, https://clstr.news/situations/mopane-offshore-oil-discovery-in-namibia