Sintana CEO: Strong oil discovery momentum in Namibia

Proactive - Interviews for investors

Sintana Energy CEO Robert Bose recently spoke with Steve Darling from Proactive to share excitement that is building in offshore Namibia following a series of major technical disclosures from Galp Energia within Petroleum Exploration Licence 83 (PEL 83), where the Portuguese energy company has identified an estimated 10 billion barrels of original oil in place from its first two exploration wells at the Mopane prospect. This significant update was highlighted by industry analyst and commentator Mr. Bose, who called the disclosure “very promising and very exciting”—marking a pivotal moment in the evolution of Namibia’s offshore oil narrative. Galp’s estimates were backed by a resource assessment from renowned petroleum consulting firm DeGolyer and MacNaughton, which confirmed 900 million barrels of contingent recoverable resources based on operations completed as of November 30, 2024. “This is the first real glimpse we’ve had into the scale of what Mopane could represent,” said Bose, emphasizing that the data reveals both the technical robustness and commercial potential of the project. Bose also spoke to the broader sentiment shift in Namibia’s upstream oil sector. While global supermajors such as Shell, Chevron, TotalEnergies, and Woodside have encountered a mix of technical and operational hurdles in the region over the past few years, a renewed sense of cautious optimism is taking hold. The growing interest from top-tier exploration and production companies is evident, he noted, particularly following a strong industry presence at a recent energy conference in Namibia—the fourth such event attended by Bose. Adding further momentum to the offshore Namibian story is the recent drilling success announced by Rhino Resources. Operating near Sintana Energy’s acreage, Rhino reported flow rates of 11,000 barrels of oil per day from a new discovery. The result not only validates the regional hydrocarbon system but also opens new possibilities for shallow-water exploration—an area Bose described as “really exciting” and underexplored compared to deeper prospects. #proactiveinvestors #sintanaenergyinc #tsxv #sei #otcqb #seusf #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #OilExploration #Namibia #OrangeBasin #EnergySector #PEL83 #RobertBose #GalpEnergia #Chevron #QatarEnergy #EnergyNews #ProactiveInvestors #2025EnergyTrends