© Supplied by Namibian Presidency
Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources.
The news agency reported that Namibia would make an announcement next week on the results.
The well appears to have discovered two reservoirs. One has at least 60 metres of hydrocarbons, with an estimated 250-300 million barrels of oil equivalent.
Upstream reported earlier in January that Shell had found liquids in the Cretaceous reservoir.
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