AfricaBusinessEconomyTechnology

Major oil discovery made in Southern Africa-RT News

It marks the third such find by a Shell-led consortium in same basin off the coast of Namibia

Exclusive News

UK-based energy major Shell has announced the discovery of light oil in a deepwater exploration well off the coast of Namibia. It’s the third oil discovery in the African country since February 2022.

The company, which is exploring Namibia’s Orange Basin in cooperation with QatarEnergy and Namibia’s state oil firm NAMCOR, said the well was drilled to a total depth of 6,168 meters in water depth of 2,210 meters.

Shell also said further activities at the Jonker-1X exploration well are aimed at the assessment and gathering of dynamic data to determine the volume and recoverable potential of the discovery.

“We are encouraged by a further deep-water discovery, our third in Namibia, and pleased to confirm the safe conclusion of the well,” Shell’s country chair in Namibia said in a statement on Monday.

“Jonker again demonstrated the joint venture’s strong commitment to advancing oil and gas exploration in Namibia and to progressing follow-up opportunities after last year’s discoveries.”

In 2022, the partners made two discoveries in the same basin. Shell is the operator of the PEL 0039 license in the Orange Basin with a 45% working interest, while QatarEnergy and Namibia’s NAMCOR hold the remaining 45% and 10% respectively.

Last year, TotalEnergies also made a major discovery of light crude with associated gas on the Venus prospect in the Orange Basin. The French energy multinational said Namibia’s Venus could be a “giant oil and gas discovery.” 

In October, Namibian petroleum commissioner Maggy Shino said the African nation may consider joining OPEC if the recent offshore oil discoveries prove to be large enough for commercial development.

Read more

Related posts
AfricaPolitics

Laurent Gbagbo's party contests the conviction of its officials

In recent developments in Côte d’Ivoire, two officials from the African People’s Party…
Read more
AfricaHealth

One dead, eight sickened in Uganda’s new Ebola outbreak

In late January 2025, Uganda experienced a resurgence of Ebola, specifically the Sudan virus strain…
Read more
AfricaPolitics

Religious leaders meet rebel groups in Goma amid rising tensions

In the Democratic Republic of Congo (DRC), escalating tensions in the eastern region have prompted…
Read more

Sign up for Africa Insider’s Daily Digest and get the best of  news, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

Both Putin and Zelensky are to blame for the Ukrainian Crisis, claims Lula-RT News

Worth reading...