New oil discovery is a huge success for Custos Energy and partners

Niël Terblanché Custos Energy, in partnership with state-owned Namcor and Portuguese energy giant Galp Energia, announced their third light oil discovery in Namibia’s Orange Basin since the beginning of the year. This latest find is a significant development for the Namibian oil and gas sector and has once again accentuated the region’s growing reputation as one of the world’s most promising areas for hydrocarbon exploration and eventual extraction. According to Knowledge Katti, Chairman and CEO of Custos Energy, the new discovery is clear evidence of the potential of the oil block and is also a significant achievement for the partners…