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'In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher,' Galp said.
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Well 7324/7-4 showed good reservoir quality.
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The emissions report reaffirms that gas from Inishkea West has the potential to 'eradicate the need for higher emissions intensity gas imports from the UK for up to 3 years'.
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The Booth-1 well will begin drilling operations in late June.
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The company is targeting 163 million barrels of unrisked prospective oil resources.