“Unless Namibia puts together a narrative to win the energy transition war, [the country’s] oil will remain in the ground.”
The Deepsea Bollsta rig carried out the Jonker work. Shell said the semi-submersible would remain on PEL 39 to drill further exploration and appraisal wells.
Shell spudded the Jonker well in December. “I’m not saying anything apart from to say it is going well, it is going very well,” Shino said to applause.
Explorers are “taking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiency”, Westwood said.
Northern Ocean has delivered a semisubmersible drilling rig to Shell Upstream Namibia.
Chevron has completed its farm in to a licence offshore Namibia, close to the Venus and Graff discoveries by TotalEnergies and Shell respectively.
Chevron is in discussions to enter Namibia’s offshore, Minister of Mines and Energy Tom Alweendo has said.
Major deepwater discoveries will require major project developments to commercialise, with gas playing a crucial role, analysts from IHS Markit have said during a recent webinar, in association with the African Energy Chamber.
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
QatarEnergy (QE) has signed up to support Namcor, following two high-profile discoveries in the Southern African state.
TotalEnergies has made a “significant” discovery at the Venus 1-X well, offshore Namibia.
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.