According to Portugal's Galp, the field could hold 10 billion barrels of oil

Portuguese oil company Galp Energia concludes first phase of exploration in the Mopane field off Namibia. The field is located in the Orange Basin, along the coast of the southern African country. Galp said it conducted testing operations at the well in January and March. Shell and France's TotalEnergies have made several oil and gas discoveries.

OPEC+ oil producers group is eyeing Namibia for possible membership as it sets up what could be Africa's fourth-largest output by the next decade. The initial focus for OPEC+ would be to see Namibia join its Charter of Cooperation. Eventually OPEC would like to see the African nation become a full member.