Fresh oil find stokes Namibian interest
The southern African nation continues to deliver exploration success
Namibia is starting to deliver on its immense promise and reigniting hope around oil exploration. The latest find has been made by joint venture partners Shell, state-owned QatarEnergy and Namibian NOC Namcor, which have discovered light oil at their Jonker-1X exploration well. Jonker is located in deep water, around 270km off the coast in blocks 2913A and 2914B of the Orange basin’s PEL39 licence area. Drilling started in December and ended in early March. PEL39 is the same block in which the Shell-led JV also made the Graff discovery, which helped spark the current wave of interest in Namibian prospects. “The encouraging results from the well are a geological testimony of the significant
Also in this section
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind