Energy major Shell has announced that oil discovered offshore Namibia in Petroleum Exploration License (PEL) 39 cannot be ...

Namibia still offers significant potential in ... Meanwhile, Rhino Resources will begin drilling activities at PEL 85 in Q1, 2025, with plans to drill two high-impact wells. The Orange Basin ...

The Ministry of Mines and Energy emphasizes that Shell's decision to write down the discoveries will not significantly impact Namibia's oil and gas development. It is not a setback. We are positive ...

“The geologic insights and improved confidence in the future program on PEL 90 from these operations provides strong support for continued progress and value in our portfolio in Namibia’s Orange Basin ...

Shell’s discoveries in Pel 39 represent just some of the many exploration milestones witnessed offshore Namibia since 2022,” he added ... are busy drilling the first of the two high impact wells at ...

This decision, while significant, does not dampen the overall optimism surrounding Namibia’s oil and gas sector ... is actively drilling in PEL 85. Chevron, after acquiring a majority stake in PEL 82, ...