Sintana Energy is optimistic heading into 2024 after a year of successes for the petroleum and natural gas explorer and developer.
“Building off of our Namibia entry in 2022, 2023 was another year of significant progress for Sintana,” Sintana president and director Robert Bose told shareholders in a 2023 year-end review.
“The continuing emergence of Namibia’s Orange Basin and the significant progress on both our licenses and on the adjacent blocks, continue to demonstrate the size and scale of the opportunity, the unmatched quality of our portfolio and the timeliness of our entry.”
Bose added that multiple catalysts in the near-term position the company for success in 2024.
“Specifically for Sintana, we look forward to the progress of drilling and other exploration activities on our blocks unveiling the quality and opportunity associated with our unmatched position in the heart of the basin,” the CEO said.
It expects the completion of the initial two-well drilling campaign by Galp on Petroleum Exploration License (PEL) 83 in the first quarter and the delivery of the final results of the 3D seismic analysis by Woodside and triggering its option to become the operator of PEL 87.
It also expects Chevron to launch a drilling campaign on PEL 90 in the fourth quarter.
Sintana Energy is engaged in petroleum and natural gas exploration and development activities on five large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia and Colombia’s Magdalena Basin.