Sintana Energy says Namibia will remain central to its growth strategy, with new wells, seismic campaigns and potential farm-in deals expected to drive near-term value across its offshore portfolio.
In its audited results for the year ended 31 December 2025, the company said its exposure to the Orange and Walvis basins places it among a small group of junior firms with access to multiple near-term exploration catalysts over the next 24 months.
Chief Executive Officer Robert Bose said the company is entering 2026 with strong momentum following portfolio expansion, new partnerships and exploration progress in Namibia.
“Through the remainder of 2026 and into 2027, we expect new wells to be drilled on PEL 83, additional drilling activity on multiple other portfolio assets, as well as seismic acquisition and further farm-ins and corporate activity across several blocks,” he said.
Sintana’s Namibian portfolio is anchored by its indirect interest in Petroleum Exploration Licence 83 in the Orange Basin, where the Mopane discoveries are being advanced.
Operator TotalEnergies, which holds a 40% stake in PEL 83, has committed to drilling up to three additional wells and funding early development phases, providing Sintana with carried exposure.
Development planning for Mopane is progressing, with a final investment decision targeted for 2028 and first oil expected in 2032. The project is expected to be developed using a floating production, storage and offloading unit with capacity of about 200,000 barrels per day.
Resource estimates for Mopane have increased, with gross 3C contingent resources rising by 57% to 1.38 billion barrels of oil equivalent.
“Continued exploration success across multiple blocks, coupled with increasing levels of operational and corporate activity, has validated the substantial value that we see in our Namibian portfolio,” the company said.
Beyond PEL 83, Sintana said it is progressing a potential entry into PEL 37 in the Walvis Basin, adjacent to acreage operated by Chevron, where drilling is being planned. The company has secured exclusivity and is conducting due diligence.
The company said activity across its Namibian portfolio has accelerated in early 2026.
“Since period end, momentum has accelerated across our Namibian portfolio, with several key value catalysts delivered,” it said.
Sintana said its strategy is to secure carried interests alongside major operators, including TotalEnergies, Chevron and Galp Energia, allowing it to limit capital exposure while retaining upside to exploration success.
“2025 underscored Sintana’s ability to act decisively, partner with leading industry players and leverage our portfolio to create value. In 2026, we will continue to advance activity across our portfolio, optimise and expand it, and execute on our strategy,” Bose said.
