Three major oil companies interested in buying Galp oil wells in Namibia.

Galp attracts interest from larger oil companies in buying an oil well in Namibia, which regardless of climate commitments, will continue to invest in oil.

Reuters reported that Galp has put up for sale half of its 80% stake in the Mopane oil project, off the coast of Namibia, now that the first exploratory phase in the two oil wells it holds in the country has been completed.
 
The company could sell its stake to an international oil company and candidates include Shell, Total and Chevron, which are also drilling, or plan to do so, in the Orange Basin.

This is an important commercial discovery with prospects for producing 10 billion barrels of oil equivalent or more.

It should be noted that, of the 10 billion barrels of oil equivalent reported, not all will be oil, some barrels will be less valuable natural gas, and Galp will extract only a third of the available oil, that is, more than two billion barrels .

However, each barrel could yield around five dollars, considering a price per barrel of 65 dollars, estimating that the reserves could be worth more than nine billion dollars, taking into account the 80% held by Galp.

In 2023, the oil company reported having oil reserves of around 620 million barrels.