LISBON - Portuguese oil company Galp Energia said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of Namibia and estimated it could have at least 10 billion barrels of oil .
"In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher", Galp said. Galp has previously indicated it could launch a process to attract other investors to its projects in Namibia, as they could reach a large scale.
Source: News Formal (newsformal.com)
Namibia Barrels Of Oil Oil Company Orange Basin
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