Brazil’s Petrobras is expected to seek the entire 40% stake of Namibia’s Mopane oil and gas exploration block put up for sale by Portugal’s Galp, a director at the state-run oil firm said on Monday.
Portugal’s Galp Energia, the company that reported positive indications of hydrocarbons from an exploration well in Namibia’s Orange Basin, says it has invested more than N$7,2 billion towards upstream projects, including an exploration campaign in Namibia during 2023.