English 
Spanish 
2 min read
0 comments
Race between giants: Petrobras presents proposal to enter License PEL 83, while Galp evaluates offers for the promising discovery in Mopane.
The dispute between Galp and Petrobras for a share of the billion-dollar oil discovery in Namibia is heating up the energy market and attracting global attention. Brazilian giant Petrobras is awaiting Galp Energia's response to its proposal to join Petroleum Exploration License (PEL) 83, located off the coast of Namibia. The region is home to the Mopane field, estimated at 10 billion barrels of oil equivalent, and is considered one of the industry's biggest promises in recent years.
Discovered by Galp, the Mopane field is located in the strategic Orange basin. Since April, when the discovery was announced, Galp has been seeking to sell a 40% stake in the asset, opening a data room to attract investors interested in boosting the development of the area.
Petrobras sees promising future in Namibia
Among the proposals is that of Petrobras, which sees Namibia as a unique opportunity to expand its international operations and strengthen its presence on the African continent.
- End of oil? No way! Petrobras extends the lifespan of its first large pre-salt platform
- The Oil Market: What’s Behind the Price Fluctuation Above $80?
- In 1858, this man 'discovered oil', but he was not recognized and died in complete poverty.
- Petrobras gets a New Year's resolution in court and the fact alerts companies such as Vale, Americanas and others
The deal reflects a strategic move in the oil and gas sector, with major players seeking to diversify portfolios in emerging markets. Petrobras, recognized for its expertise in deep waters, sees the Orange Basin as a favorable scenario to explore a market that is still on the rise, but full of potential.
For Galp, the decision is not simple
The Portuguese company needs to balance the interests of a partial sale of the asset with the need to advance the development of the Mopane field, which promises to revolutionize the exploration of natural resources in Namibia.
If the deal is finalized, the partnership between Galp and Petrobras could set new standards for the global energy sector. The collaboration has the potential to accelerate the development of the field and position Namibia as a new hub for oil and natural gas production on the African continent.
Meanwhile, market analysts are closely monitoring the next steps in the negotiation, which could reshape the dynamics of the energy sector in Africa and impact global energy supply strategies.
The fight between Galp and Petrobras over the billion-dollar oil discovery in Namibia promises not only to transform the region, but also to reconfigure the power struggle in the competitive international oil market.
