Sintana Energy Reports Portfolio Progress

Sintana Energy Inc., an oil and gas company focused on the Atlantic margin, has released updates on its high-impact assets. The company reports a 57% increase in Mopane 3C contingent resources, bringing its net interest to approximately 67 million barrels of oil equivalent (mmboe). In Namibia, as part of PEL 83, the company anticipates resource growth with TotalEnergies' upcoming drilling campaign.

In Uruguay, seismic acquisition on AREA OFF-1 is underway, with significant regional expansion as Chevron and QatarEnergy farm into adjacent blocks. Sintana also reports receiving a $3 million installment from ExxonMobil as part of a settlement agreement in Colombia, enhancing its financial position.