Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) CEO Robert Bose talked with Proactive about the latest developments related to PEL 83 following the announcement that TotalEnergies will enter the project as operator. Bose explained that the transaction marks a significant step forward for the block, which sits at the heart of Namibia's Orange Basin.
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) said that TotalEnergies will take over as operator of Namibia's PEL 83 and acquire a 40% stake in the exploration block under a new agreement with Galp Energia, adding fresh momentum to activity in the country's prolific Orange Basin. Galp, which currently operates the licence and holds an 80% interest, announced the deal on its corporate website.
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) CEO Robert Bose talked with Proactive about the company's latest operational developments across Namibia and Angola. Proactive: Welcome back inside our Proactive newsroom.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Robert Bose CEO | OTC PINK Exchange | CA82938H1073 ISIN |
| US Country | - Employees | - Last Dividend | 1 May 2014 Last Split | - IPO Date |
Sintana Energy Inc. is a company that operates within the energy sector, focusing on the exploration and development of petroleum and natural gas. With a strategic emphasis on both onshore and offshore exploration licenses, Sintana Energy Inc. positions itself in significant geographies such as Namibia and Colombia's Magdalena Basin. The company's corporate foundation is rooted in Toronto, Canada, where it conducts its operations with a vision to uncover and develop valuable energy resources. Through its strategic initiatives in these regions, Sintana Energy Inc. aims to contribute significantly to the global energy markets by leveraging its exploration expertise and the potential of its license areas.
Sintana Energy Inc. engages in extensive petroleum exploration activities, with a focus on identifying, evaluating, and developing prospective oil fields. By holding exploration licenses in geographically strategic areas such as Namibia, Sintana Energy seeks to discover new petroleum reserves, contributing to the global supply of oil. This aspect of their business involves geological surveying, seismic data analysis, and exploratory drilling to find and appraise potential petroleum deposits.
Alongside petroleum, Sintana Energy Inc. is also involved in the exploration and development of natural gas resources. Particularly, the company's operations in Colombia's Magdalena Basin highlight its commitment to finding and developing natural gas reserves. This process includes detailed geophysical and geological studies to identify promising natural gas reservoirs, followed by drilling and development activities to bring these resources to market. Sintana utilizes cutting-edge technology and methodologies to ensure efficiency and environmental responsibility in its natural gas projects.
The company holds and manages a portfolio of onshore and offshore exploration licenses, primarily in Namibia and Colombia. These licenses are critical assets that provide Sintana with the rights to explore and develop petroleum and natural gas resources within these areas. Management of these licenses involves regulatory compliance, environmental assessment, stakeholder engagement, and strategic planning to optimize exploration efforts and resource development. Securing and effectively managing these licenses is central to Sintana Energy’s operational success and growth strategy.